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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

The Forklift Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Analysis Chapter

Major buyers of forklifts include construction, manufacturing, freight and logistics companies. All experienced declines during the recession, limiting demand for forklifts and causing this industry's revenue to plunge in 2009. However, rebounding activity in those markets has since spurred industry growth at an estimated 7.0% per year on average in the five years to 2014. This includes estimated growth of 8.2% in 2014, bringing total revenue to $11.7 billion. The industry has also benefited from strong export growth over the period. Meanwhile, limited wage growth and falling steel input prices have helped profit climb to about 5.6% of revenue... 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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