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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

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
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 Products Chapter

Forklifts and industrial trucks primarily provide the capability of engaging, lifting, repositioning, carrying and depositing various types of loads. As their purpose and usefulness remain similar across product segments, their shares of revenue are also evenly spread. According to data from the US Census Bureau, sales of parts and attachments accounted for 16.8% of industry revenue in 2007. IBISWorld estimates this share has increased since then on the back of enhanced versatility and capabilities for load-engaging equipment.

The following segmentation is based off data from the Industrial Truck Association's (ITA) historical data for US shipments... 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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