Lifting up: Improving freight and manufacturing activity will spur a modest rise in demand

The Forklift and Conveyor Manufacturing industry is mature, with clearly defined markets and widely accepted product lines that have few substitutes. A variety of downstream industries drive demand for this industry's diverse set of product lines. The industry has experienced moderately volatile revenue growth over the past five years. Strong construction figures have boosted revenue sporadically over the period, but revenue is expected to decline overall. The ebb and flow of construction markets added to volatility over the five years. However, the main culprit of recent declines has been low commodity prices...purchase to read more.

Industry Statistics & Market Size
Revenue
$31bn
Annual Growth 12-17
-1.6%
Forecast Growth 17-22
Profit
Employment
89,536
Businesses
1,601

Industry Threats & Opportunities

  • This industry has experienced inconsistent revenue growth and decline over the five-year period
  • Imports from China offer a low-cost product due to supply chain efficiencies
  • US companies are devoting significant resources to improving inventory management
  • Industry Report - Starting a New Business Chapter

    There are no licensing requirements, government regulations or resource constraints that are significant enough to prevent operators from entering the Forklift and Conveyor Manufacturing industry. However, the cost of establishing manufacturing facilities and sourcing skilled employees may deter some companies from entering the industry. Additionally, barriers stemming from a high degree of buyer and distributor loyalty to established brand names may inhibit entry.A mature life cycle stage means that most operators in this industry are well-established and have strong distribution channels. Therefore, access to distribution channels is a primary impediment for enterprises trying to enter the industry, particularly as distributors have consolidated in recent years. Sma...purchase to read more.

    Additional Insights for the Forklift & Conveyor Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Forklift & Conveyor Manufacturing Industry are

  • Access to technology
  • Effective quality control
  • Access to niche markets
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Trade-weighted index in the Forklift & Conveyor Manufacturing industry impact industry performance..

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    What's in this report

    What is the Forklift & Conveyor Manufacturing Industry?

    Operators in this industry manufacture equipment used to lift or move materials. Major products include forklifts; industrial tractors and trucks; escalators and elevators; conveyors; overhead hoists, winches, cranes and monorail systems; and related parts, attachments and equipment. This industry excludes operators that manufacture construction-type tractors and cranes; these companies are included in the Construction Machinery Manufacturing industry (IBISWorld report 33312).

    Industry Products
  • Forklifts and industrial trucks, trailers and stackers
  • Conveyors and conveying equipment
  • Overhead cranes, hoists and monorail systems
  • Elevators and escalators
  • Industry Activities
  • Industrial truck, tractor, trailer and stacker machinery
  • Overhead traveling crane, hoist and monorail system
  • Conveyor and conveying equipment
  • Elevator and escalator
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Trade-weighted index
  • Demand from transportation and warehousing
  • Value of private nonresidential construction

  • Current Performance
  • Fluctuations in demand
  • The importance of trade
  • Increasing profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream trends
  • Technological trends drive international trade
  • Profit growth
  • Table: Forklift & Conveyor Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Forklift & Conveyor Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Manufacturing
  • Transportation and Warehousing

  • Key Selling Industries
  • Engine & Turbine Manufacturing
  • Industrial Machinery & Equipment Wholesaling
  • Iron & Steel Manufacturing
  • Miscellaneous Product Manufacturing
  • Nonferrous Metal Foundry Products Manufacturing
  • Tire Manufacturing

  • Products & Services
  • Conveyors and conveying equipment
  • Forklifts and industrial trucks, trailers and stackers
  • Overhead cranes, hoists and monorail systems
  • Elevators and escalators
  • Chart: Forklift & Conveyor Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Construction activity
  • Manufacturing activity
  • Freight and warehousing use
  • Trade-weighted index

  • Major Markets
  • Construction industries
  • Mining industries
  • Exports
  • Manufacturing industries
  • Freight and logistics industries
  • Wholesale and retail industries
  • Other
  • Chart: Major Market Segmentation for the Forklift & Conveyor Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Forklift & Conveyor Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Forklift & Conveyor Manufacturing Industry

  • Industry Globalization
    United Technologies Corporation, Toyota Industries Corporation, Crown Equipment Corporation,
  • Table: United Technologies Corporation - financial performance
  • Table: Toyota Industries Corporation - financial performance
  • Table: Crown Equipment Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Forklift & Conveyor Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Forklift & Conveyor Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Industrial production index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Conveyor Belt
  • A flexible endless strip of fabric or linked plates driven by rollers and used to transport objects.
  • Hoist
  • A device used for lifting or lowering a load by means of a drum or lift-wheel where a rope, chain or cable wraps.
  • Lean Production
  • Production that eliminates waste, reduces inventory and improves productivity; originally developed by Toyota.
  • Materials Handling
  • The moving, storing and protecting of goods and products.
  • Reshoring
  • The practice of moving manufacturing facilities back to the United States after having previously moved them abroad to benefit from labor cost savings.
  • Winch
  • A mechanical device used to pull in (wind up) or let out (wind out) rope, chain or cable.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Forklift & Conveyor Manufacturing can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Forklift & Conveyor Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Forklift & Conveyor Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Forklift & Conveyor Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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