Forklift & Conveyor Manufacturing in Canada
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. Warehousing companies largely drive the need for forklifts, while freight, mining and manufacturing industries make up most demand for conveyor systems. In Canada, performance in these markets has been mixed. Industry revenue is expected to increase slowly over the five years to 2023.
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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