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Forklift & Conveyor Manufacturing in Virginia

Author.Name IBISWorld United States Last Updated: April 2025 NAICS VA33392

Forklift & Conveyor Manufacturing in Virginia industry analysis

The Forklift & Conveyor Manufacturing industry in Virginia 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 increased an annualized x.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 Virginia Market Research Report

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

Definition of the Forklift & Conveyor Manufacturing in Virginia?

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 Virginia?

The Forklift & Conveyor Manufacturing in Virginia 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 Virginia 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 Virginia

Benchmark the Forklift & Conveyor Manufacturing in Virginia industry performance with all VA county and national performance.

Forklift & Conveyor Manufacturing in Virginia

#16 in Highest Revenue 2.5% 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 Virginia

See how key industry drivers, such as median houshold income, new business formation, per capita disposable income, industrial production index, price of steel and us gross domestic product (gdp) are impacting Forklift & Conveyor Manufacturing in Virginia

Virginia Economic Indicators

Median Houshold Income
New Business Formation
Per Capita Disposable Income

View more economic information in VA 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 Virginia

Access proprietary data on county in the Forklift & Conveyor Manufacturing in Virginia, such as Fairfax County, Norfolk City and Lynchburg City. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Forklift & Conveyor Manufacturing industry in Virginia

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 Virginia in 2025?

The market size of the Forklift & Conveyor Manufacturing industry in Virginia is $1.1bn in 2025.

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

There are 33 businesses in the Forklift & Conveyor Manufacturing industry in Virginia, which has been growing at an average annual rate of 0.6% from 2020 to 2025.

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

The market size of the Forklift & Conveyor Manufacturing industry in Virginia has been growing at an average annual rate of 4.5% from 2020 to 2025.

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

There are 2,491 employees in the Forklift & Conveyor Manufacturing industry in Virginia, which has been growing at an average annual rate of 0.8% from 2020 to 2025.