Heavy forklifting: A depreciating Canadian dollar will support exports and drive revenue growth

The Forklift and Conveyor Manufacturing industry in Canada is largely driven by foreign demand for Canadian goods, particularly from the United States. The Canadian-dollar effective exchange rate index (CERI), which measures the strength of the Canadian dollar against the currencies of the country's major trading partners, has a significant effect on this industry's operations. The CERI is anticipated to fall over the five years to 2018, rendering Canadian-made products more affordable overseas, supporting exports and driving overall industry revenue growth. Various downstream industries drive demand for this industry's diverse product lines. Nonresidential construction companies demand purchase travelling crane and hoist systems...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • The CERI is anticipated to fall, rendering Canadian-made products more affordable overseas
  • Growth in the overall Canadian manufacturing sector slowed in recent years
  • Industry exports are forecast to decline over the next five years
  • Industry Report - Industry SWOT Analysis Chapter

    IBISWorld analysis determines that this industry is in the mature phase of its life cycle, characterized by consolidation activity, slow growth rates, fixed markets and a reliance on broader macroeconomic health for demand. Over the 10 years to 2023, industry value added (IVA), which measures an industry's contribution to the Canadian economy, is projected to increase an annualized 2.6%. In comparison, Canadian GDP is forecast to rise at an annualized rate of 1.9% during the same period. IVA growth that runs parallel to GDP projections is a chief indicator of an industry in maturity, demonstrating the industry's dependence on overarching economic vitality and industrial activity...purchase to read more.

    Additional Insights for the Forklift & Conveyor Manufacturing Industry

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

  • Access to high-quality inputs
  • Effective quality control
  • Access to niche markets
  • IBISWorld analysts also discuss how external factors such as Canadian effective exchange rate index and Industrial capacity utilization in the Forklift & Conveyor Manufacturing industry impact industry performance..

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    What's in this report

    What is the Forklift & Conveyor Manufacturing Industry?

    This industry manufactures equipment used to lift or move materials or people. Major products include forklifts and industrial trucks; escalators and elevators; conveyor belts, hoists, winches, cranes and monorail systems; and related parts, attachments and equipment.

    Industry Products
  • Forklifts and industrial trucks, trailers and stackers
  • Overhead cranes, hoists and monorail systems
  • Conveyors and conveying equipment
  • Elevators and moving stairways
  • Industry Activities
  • Industrial truck, tractor, trailer and stacker machinery
  • Overhead traveling crane, hoist and monorail system
  • Conveyor and conveying equipment
  • Elevator and moving-stairway
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Canadian effective exchange rate index
  • Industrial capacity utilization
  • Value of nonresidential construction
  • Housing starts
  • Demand from transportation and warehousing

  • Current Performance
  • The importance of trade
  • Downstream demand
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • International trade remains significant
  • Domestic demand to be mixed
  • Profit lift
  • Table: Forklift & Conveyor Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Forklift & Conveyor Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction In Canada
  • Manufacturing In Canada
  • Transportation and Warehousing In Canada

  • Key Selling Industries
  • Engine & Turbine Manufacturing in Canada
  • Industrial Machinery & Equipment Wholesaling in Canada
  • Iron & Steel Manufacturing in Canada
  • Nonferrous Metal Foundry Product Manufacturing in Canada
  • Tire Manufacturing in Canada

  • Products & Services
  • Conveyors and conveying equipment
  • Overhead cranes, hoists and monorail systems
  • Forklifts and industrial trucks, trailers and stackers
  • Elevators and moving stairways
  • Chart: Forklift & Conveyor Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Construction activity
  • Manufacturing activity
  • Freight use

  • Major Markets
  • Exports
  • Manufacturing sector
  • Warehousing industries
  • Construction sector
  • Mining and energy sector
  • Chart: Major Market Segmentation for the Forklift & Conveyor Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilities, depreciation and marketingOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Forklift & Conveyor Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Forklift & Conveyor Manufacturing Industry

  • Industry Globalization
    ThyssenKrupp AG, Skyjack,
  • Table: ThyssenKrupp AG - financial performance
  • Table: Skyjack - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Forklift & Conveyor 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 & Conveyor Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Canadian-dollar effective exchange rate index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Lean Production
  • Production that eliminates waste, reduces inventory and improves productivity; originally developed by Toyota.
  • Telehandler
  • A lift truck similar to a forklift but with the added capability of extending and retracting the load-bearing unit.
  • Winch
  • A mechanical device used to pull in (wind up) or let out (wind out) rope, chain or cable.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Forklift & Conveyor Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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

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