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 SWOT Analysis Chapter
The Forklift Manufacturing industry is in the mature stage of its life cycle. IBISWorld expects the industry's value-added (IVA), which measures contribution to overall economic output, to increase at an annualized 4.9% in the 10 years to 2020. This far exceeds the expected 2.5% annual growth of US GDP over the period. Although IVA growth that exceeds GDP growth typically indicates an emerging industry, in this case it testifies to rapid recovery from recessionary lows. IBISWorld expects IVA to more closely mirror GDP growth once construction and manufacturing markets stabilize.
Other industry trends are more characteristic of maturity, including increasing consolidation among operators... purchase to read more