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Forklift & Conveyor Manufacturing in Minnesota

Author.Name IBISWorld United States Last Updated: April 2025 NAICS MN33392

Forklift & Conveyor Manufacturing in Minnesota industry analysis

The Forklift & Conveyor Manufacturing industry in Minnesota is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments stagnated an annualized x% to xx locations. Industry employment has increased an annualized x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to stagnate x% to xx locations. Industry employment is expected to increase an annualized x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Forklift & Conveyor Manufacturing in Minnesota Market Research Report

What’s Included in the Forklift & Conveyor Manufacturing in Minnesota Market Research Report

Definition of the Forklift & Conveyor Manufacturing in Minnesota?

Operators in this industry manufacture equipment used to lift or move materials. Major products and services include forklifts, conveyor equipment manufacturing, cranes, hoist systems, industrial trucks, stacker machinery and all related parts and upkeep of products. This industry excludes operators that manufacture construction-type tractors and cranes, as these companies are included in the Construction Machinery Manufacturing industry (IBISWorld report 33312).

What’s included in the Forklift & Conveyor Manufacturing in Minnesota?

The Forklift & Conveyor Manufacturing in Minnesota includes industrial truck, tractor, trailer and stacker machinery, overhead traveling crane, hoist and monorail system, conveyor and conveying equipment and elevator and escalator. Related terms covered in the Forklift & Conveyor Manufacturing in Minnesota industry report includes a mechanical device used to pull in (wind up) or let out (wind out) rope, chain or cable, production that eliminates waste, reduces inventory and improves productivity; originally developed by toyota, a device that employs a drum or lift-wheel and the wrapping of a rope, chain or cable to lift or lower a load, a flexible endless strip of fabric or linked plates driven by rollers and used to transport objects, the moving, storing and protecting of goods and products and the practice of moving manufacturing facilities back to the united states after having previously moved them abroad to benefit from labor cost savings.

Industry Performance of the Forklift & Conveyor Manufacturing industry in Minnesota

Benchmark the Forklift & Conveyor Manufacturing in Minnesota industry performance with all MN county and national performance.

Forklift & Conveyor Manufacturing in Minnesota

#15 in Highest Revenue 2.7% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Forklift & Conveyor Manufacturing in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Forklift & Conveyor Manufacturing industry in Minnesota

See how key industry drivers, such as population, private investment in non-residential construction, gross state product, industrial production index, price of steel and us gross domestic product (gdp) are impacting Forklift & Conveyor Manufacturing in Minnesota

Minnesota Economic Indicators

Population
Private Investment in Non-Residential Construction
Gross State Product

View more economic information in MN State Economic profile

US Key External Drivers

Industrial production index
Price of steel
US Gross domestic product (GDP)

For the full list of industry drivers, see report purchase options.

County Data of the Forklift & Conveyor Manufacturing industry in Minnesota

Access proprietary data on county in the Forklift & Conveyor Manufacturing in Minnesota, such as Hennepin County, Ramsey County and Anoka County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Forklift & Conveyor Manufacturing industry in Minnesota

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Forklift & Conveyor Manufacturing industry in Minnesota in 2025?

The market size of the Forklift & Conveyor Manufacturing industry in Minnesota is $1.2bn in 2025.

How many businesses are there in the Forklift & Conveyor Manufacturing industry in Minnesota in 2025?

There are 61 businesses in the Forklift & Conveyor Manufacturing industry in Minnesota, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Forklift & Conveyor Manufacturing industry in Minnesota grown or declined over the past 5 years?

The market size of the Forklift & Conveyor Manufacturing industry in Minnesota has been growing at an average annual rate of 4.3% from 2020 to 2025.

How many employees in the Forklift & Conveyor Manufacturing industry in Minnesota in 2025?

There are 3,500 employees in the Forklift & Conveyor Manufacturing industry in Minnesota, which has been growing at an average annual rate of 0.9% from 2020 to 2025.