Material Handling Equipment Distributors
Operators in the Material Handling Equipment Distributors industry wholesale a range of industrial machinery and equipment, including conveying equipment, hoists, cranes, forklifts, industrial trucks and tractors. Capital investment in this industry's products traditionally depends on downstream demand from key markets, such as manufacturers, builders and other wholesalers, whose purchase habits are determined by industrial production, the age of existing machinery and consumer and business confidence. IBISWorld expects private investment in industrial equipment and machinery will expand, to the benefit of industry players. Over the five years to 2023, industry revenue is expected to rise at an annualized rate of 1.6% to $30.4 billion. As commodity prices continue to experience higher prices than the previous period, the associated industries are forecast to increase capital spending on equipment.
This industry distributes material handling equipment, usually on a wholesale basis. Products include conveying equipment, hoists, cranes, forklifts and industrial trucks and tractors. Some larger players are vertically integrated, from production through distribution.
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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