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Forklift Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Forklift Manufacturing Market Research Report | Industrial Machinery, Gas & Chemicals | Specialized Vehicle Manufacturing | Oct 2014

Industrial lift: Reinvestment in construction and manufacturing will stabilize revenue growth

IBISWorld’s Forklift Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Crown Equipment Corporation Crown Equipment Corporation market share
Hyster-Yale Hyster-Yale market share
Toyota Industries Toyota Industries market share
Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 09-14
7.0%
Annual Growth 14-19
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Profit
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Employment
22,807
Businesses
328
Industry Analysis & Industry Trends

The Forklift Manufacturing industry relies on demand from the construction, manufacturing and freight-handling industries. Consequently, forklift manufacturers suffered during the recession, but are expected to experience continued revenue growth in the next five years as these downstream industries recover. Profit margins have also improved considerably due to growing demand, falling steel purchase costs and significant automation of production. Additionally, the international landscape has contributed to industry growth; however, imports from China, Japan and other cost-efficient manufacturers have also increased competition in the domestic market.... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Forklift Manufacturing industry exhibits a moderate level of concentration. IBISWorld expects the top four players to generate less than half of industry revenue in 2014; the remainder of the market is split among many small and mid-size operators that produce parts and related equipment on a local or regional basis. Concentration is expected to increase marginally during the coming five years, with slightly fewer companies generating a greater share of industry revenue.

The specialized nature of forklift manufacturing limits opportunities for consolidation, but merger and acquisition activity has become more common as large companies seek greater vertical integration and operational efficiencies through the purchase of smaller parts suppliers... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Forklift Manufacturing Industry?

Companies in this industry primarily manufacture forklifts, which are also known as industrial trucks. Forklifts include truck-type and hand-type pallet movers, skid jacks and portable stackers. Forklifts can load material and transport it over short distances and are used heavily in the construction, manufacturing and freight logistics sectors. This industry's operations also include the manufacture and sale of parts and attachments for forklifts.

Industry Products
Internal combustion engine work trucksMotorized hand-guided work trucksElectric operator-riding work trucks
 
Industry Activities
Manufacturing electric operator-riding work trucksManufacturing motorized hand-guided work trucksManufacturing internal combustion engine work trucksManufacturing parts and attachments for industrial trucks


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