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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Investment Chapter

The Forklift Manufacturing industry exhibits a low level of capital intensity, as demonstrated by the amount participants spend on wages as compared to capital expense. In 2014, for every dollar spent on wages, manufacturers operating in the industry will spend $0.10 on machinery, equipment and other depreciable assets. This industry relies heavily on human labor to carry out tasks such as overseeing research and development initiatives, monitoring production processes, providing customer service and performing maintenance and repairs. Nonetheless, depreciation costs, which serve as a proxy for capital investments, have risen slightly in recent years, due to the industry's increasing shift toward automated production... 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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