Forklift & Conveyor Manufacturing in Canada - Industry Market Research Report
Description
Forklift & Conveyor Manufacturing in Canada
Canadian forklift and conveyor manufacturers largely rely on foreign demand, particularly from the United States. Exports account for more than 75.0% of revenue, with the United States making up more than 85.0% of those exports. Many trends in Canadian and American manufacturing, construction, transportation and warehousing sectors drive growth. The Canadian effective exchange rate (CEER) index also significantly impacts operations. The CEER index appreciated, rendering Canadian-made products less affordable overseas. Supply chain shocks also hampered trade markets, leading to plummeting revenue. Revenue will contract at an expected CAGR of 0.8% to $5.2 billion through the current period, including a 3.7% drop in 2023, when profit reached 11.0%.
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.
Canadian forklift and conveyor manufacturers largely rely on foreign demand, particularly from the United States. Exports account for more than 75.0% of revenue, with the United States making up more than 85.0% of those exports. Many trends in Canadian and American manufacturing, construction, transportation and warehousing sectors drive growth. The Canadian effective exchange rate (CEER) index also significantly impacts operations. The CEER index appreciated, rendering Canadian-made products less affordable overseas. Supply chain shocks also hampered trade markets, leading to plummeting revenue. Revenue will contract at an expected CAGR of 0.8% to $5.2 billion through the current period, including a 3.7% drop in 2023, when profit reached 11.0%.
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.
Table of Contents
40 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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