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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 | Dec 2012

Uplifting: Recovering economics and rising downstream demand will bring back steady revenue growth

IBISWorld’s Forklift Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Crown Equipment Corporation Crown Equipment Corporation market share
NACCO NACCO market share
Toyota Industries Toyota Industries market share
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 07-12
-2.0%
Annual Growth 12-17
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Profit
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Employment
27,553
Businesses
494
Industry Analysis & Industry Trends

Before the economic downturn, favorable conditions in the construction sector and strong demand from the manufacturing and freight sectors underpinned booming activity in the Forklift Manufacturing industry. During this time, exports expanded as major players derived strong sales growth from Latin American and Asian markets. Still, the economic recession created dramatic decreases in revenue. While the industry has rebounded since 2012, growth was mitigated by these steep declines. This trend will continue through 2017, however revenue will expand at a steadier and faster rate.... purchase to read more

Industry Report - Starting a New Business Chapter

There are no licensing requirements, government regulations or resource constraints that are significant enough to prevent firms from entering the mature Forklift Manufacturing industry. A mature stage in the life cycle means that most firms in this industry are well established and have strong distribution channels. Therefore access to distribution channels may provide another problem for firms trying to enter the industry. Also, although the industry has a medium level of concentration, a high degree of competition stems from the rising share of cheaper imports among domestic demand. Last, while capital intensity is estimated to be low, the cost of establishing manufacturing facilities and sourcing skilled employees may deter some firms from entering the industry... 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, portable stackers, straddle carriers, bomb lifts and loading and engine hoists. The manufacture of parts and attachments is included, but revenue from manufacturer-provided services is excluded.

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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