Market Research Logo

Material Handling Equipment Manufacturing

Material Handling Equipment Manufacturing

Brief Excerpt from Industry Overview Chapter:

Companies in this industry manufacture material handling machinery and equipment, including forklifts, conveyors, elevators and escalators, and overhead cranes and hoists. Major companies include Honeywell, Hyster-Yale, Otis Elevator, and Terex (all of the US), as well as Cargotec and Konecranes (both of Finland), Daifuku and Toyota Industries (both of Japan), KION Group and Schaefer Holding International (both of Germany), Manitou (France), Schindler Holding (Switzerland), and Zoomlion Heavy Industry (China).

COMPETITIVE LANDSCAPE

Demand is driven by overall industrial production and companies' need to automate production and facilitate the efficient flow of goods to market. The profitability of individual companies depends on product innovation and efficient operations. Large companies have economies of scale in purchasing and greater ability to offer a wider range of products to a diverse customer base. Small companies can compete by specializing in niche products. Overall, the US industry is concentrated: the top 50 companies account for 60% of industry revenue. Some segments of the industry are highly concentrated: the top 50 elevator manufacturers and the top 50 makers of cranes and hoists each account for more than 90% of segment revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major products include industrial trucks such as forklifts, hand trucks, and pallet jacks and stackers (30% of industry revenue); overhead crane, hoist, and monorail systems (30%); conveyors and conveyor equipment (30%); and escalators, moving walkways, and passenger and freight elevators (10%).


Industry Overview
Quarterly Industry Update
Business Challenges
Business Trends
Industry Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Web Links and Acronyms

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report