Forklift & Conveyor Manufacturing in Canada
The Forklift and Conveyor Manufacturing industry in Canada is largely driven by US demand for Canadian goods. Thus, US trends in the industry's key downstream markets of manufacturing, construction and warehousing largely dictate revenue potential and outcomes. Therefore, 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 impact on this industry's operations. The CERI is anticipated to fall over the five years to 2017, rendering Canadian-made products more affordable overseas, supporting exports and driving overall industry revenue growth. Industry revenue is expected to increase slowly over the five years to 2022, as key domestic and foreign downstream markets grow in line with strong unemployment figures, continued consumer spending and increased business investment.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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