Renewed lift: Reinvestment in construction and manufacturing will strengthen revenue growth

Despite growing demand across construction, manufacturing and freight-handling industries, revenue for the Forklift Manufacturing industry is expected to decline over the five years to 2017 as a result of low commodity prices. Forklift manufacturers have been able to capitalize on falling steel prices to boost profit margins. In addition, operators have engaged in significant production automation, enabling them to contain wage costs. Recovering construction and manufacturing markets abroad have increased demand for high-quality forklifts; however, a rapidly increasing trade-weighted index has led to a decrease in exports. Moving forward, IBISWorld expects the industry to benefit from growing demand for forklifts domestically and abroad...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Manufacturers have capitalized on growing demand and falling steel prices to boost profit margins
  • Exports have been stymied by a significant appreciation in the value of the dollar
  • Construction markets will continue to generate demand for forklift purchases and rentals
  • Industry Report - Industry Analysis Chapter

    The Forklift Manufacturing industry produces small- to medium-sized industrial trucks, also known as forklifts, that can load and transport material over short distances. Forklifts are essential to construction operations, where it is used to load and carry concrete, stone and other building material, and to manufacturing operations, where it is used to load and transport equipment and components. Forklifts are also used variously in the food and beverage, retail and freight and logistics sectors. Over the five years to 2017, the industry contracted, despite increasing demand for forklifts early in the period. However, this increase was due to the industry starting from a low recessionary base. Consequently, industry revenue fell 4.8% i...purchase to read more.

    Additional Insights for the Forklift Manufacturing Industry

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

  • Environmental compliance
  • Automation
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Value of construction and Industrial production index in the Forklift Manufacturing industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    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 and portable stackers. Forklifts can load material and transport it over short distances and are used heavily in the construction, manufacturing and freight logistics sectors. This industry’s operations also include the manufacture and sale of parts and attachments for forklifts.

    Industry Products
  • Internal combustion engine work trucks
  • Motorized hand-guided work trucks
  • Electric operator-riding work trucks
  • Industry Activities
  • Manufacturing electric operator-riding work trucks
  • Manufacturing motorized hand-guided work trucks
  • Manufacturing internal combustion engine work trucks
  • Manufacturing parts and attachments for industrial trucks
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of construction
  • Industrial production index
  • Trade-weighted index
  • World price of steel

  • Current Performance
  • Domestic demand
  • Global demand
  • Costs and profit margins
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand factors
  • International landscape
  • Profit and participation
  • Table: Forklift Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Forklift 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
  • Nonferrous Metal Foundry Products Manufacturing
  • Tire Manufacturing

  • Products & Services
  • Internal combustion engine work trucks
  • Electric operator-riding work trucks
  • Motorized hand-guided work trucks
  • Chart: Forklift Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Construction industries
  • Manufacturing industries
  • Export markets
  • Freight-handling industries
  • Chart: Major Market Segmentation for the Forklift Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Forklift Manufacturing

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

  • Industry Globalization
    Toyota Industries Corporation, Crown Equipment Corporation, Hyster-Yale Materials Handling Inc.,
  • Table: Toyota Industries Corporation - financial performance
  • Table: Crown Equipment Corporation - financial performance
  • Table: Hyster-Yale Materials Handling Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Forklift 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 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)
  • World price of steel (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Lift Truck
  • Another term for forklift.
  • Load Engagement
  • The equipment used to lift and carry materials, such as forks, pinchers and grapples.
  • Narrow-Aisling Capabilities
  • The ability of a forklift to maneuver within tightly spaced rows of materials to be moved.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Forklift Manufacturing Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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 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 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 Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.