Industry Analysis & Industry Trends
Over the past five years, the Forklift and Conveyor Manufacturing industry in Canada has grown, benefiting from increased US demand for Canadian goods during the onset of economic recovery. As this recovery sustains and export demand continues to grow, revenue is expected to increase. However, growth will be somewhat slower over the next five years, as the boom experienced in 2011 and 2012 begins to settle... purchase to read more
Industry Report - Industry Analysis Chapter
The Forklift and Conveyor Manufacturing industry produces four distinct product segments: 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