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