Industry Analysis & Industry Trends
When discussing the Forklift and Conveyor Manufacturing industry in Canada, one actually discusses US demand for Canadian goods. Exports to Canada's southern neighbour consistently account for more than 70.0% of all industry exports and more than 80.0% of total industry revenue. As such, US trends in the industry's key downstream markets of manufacturing, construction and warehousing largely dictate revenue potential and outcomes.
The tension between this industry's reliance on exports to the United States and its ongoing trade deficit have created a state of decline. Coupled with historically high steel prices during the past five years, price-based competition from cheaper US products has placed downward pressure on manufacturers' profit margins... purchase to read more
Industry Report - Industry Analysis Chapter
The North American Industrial Classification System groups four distinct product segments under the 33392 code. These include the manufacture of elevators and moving stairways; conveyors and conveying equipment; overhead traveling cranes, hoists and monorail systems; and industrial trucks, tractors, trailers and stackers (i.e. forklifts or lift trucks). While Canada manufactures some or all of the products from each group, elevator manufacturing is estimated to be marginal, accounting for no more than 1.0% of overall industry revenue.
In 2009, the industry's fortunes soured as the onset of the global recession collapsed demand in key downstream markets... purchase to read more