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 Key Buyers Chapter
The Forklift Manufacturing industry exhibits a moderate level of concentration. IBISWorld expects the top four players to generate less than half of industry revenue in 2015. The remainder of the market is split among many small and mid-size operators that produce parts and related equipment on a local or regional basis. Concentration is expected to increase marginally through 2020, with slightly fewer companies generating a greater share of industry revenue.
The specialized nature of forklift manufacturing limits opportunities for consolidation, but merger and acquisition activity has become more common as large companies seek greater vertical integration and operational efficiencies through the purchase of smaller parts suppliers... purchase to read more