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

IBISWorld’s Forklift & Conveyor Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.


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

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Analysis Chapter

    Operators in the Forklift and Conveyor Manufacturing industry manufacture products across four segments: elevators and escalators; conveyors and conveying equipment; overhead traveling cranes, hoists and monorail systems; and industrial lift trucks, tractors, trailers and forklift stackers. Industry revenue is determined by the performance of downstream industries and markets that bolster demand, such as US manufacturers, freight handlers and construction companies. Despite general growth from these downstream markets, industry revenue has fallen over the five years to 2017. The rate of growth experienced by these markets at the outset of the period has acted to artificially deflate growth figures for the period. A high initial revenue figure led to an overall decline. Thi..

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    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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    United Technologies CorporationToyota Industries CorporationCrown Equipment Corporation
  • Table: United Technologies Corporation - financial performance
  • Table: Toyota Industries Corporation - financial performance
  • Table: Crown Equipment Corporation - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Forklift & Conveyor Manufacturing Industry
  • 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
    Jargon & Glossary
    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.
  • Why buy this report?

    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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