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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 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
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 - Industry Analysis Chapter

The Forklift Manufacturing industry's performance turned sour with the onslaught of the Great Recession, which spurred many of the industry's downstream manufacturing and construction industries to delay or halt production in response to frozen credit markets and steep drops in consumer spending. As a consequence, demand for forklifts plummeted and the industry experienced deep losses, with revenue falling 7.8% and 16.2% in 2008 and 2009, respectively. Despite the doom and gloom of the recession, domestic losses were partially offset by bolstered demand for forklifts overseas, especially from Canada and Mexico. Furthermore, after several years of losses, US manufacturing activity returned to growth in 2010 and has continued to gain traction... 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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