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          1. Material Handling Equipment Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 6/8/2020
            SIC Codes: 3531, 3535, 3536, 3537
            NAICS Codes: 33392
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Material Handling Equipment Manufacturing Industry Profile

            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 Intelligrated, Hyster-Yale, Otis Elevator, and Terex (all of the US), as well as Anhui Forklift Truck Group (China), Cargotec and Konecranes (both of Finland), Daifuku and Toyota Industries (both of Japan), KION Group and Schaefer Holding International (both of Germany), Manitou (France), and Schindler Holding.

            Worldwide demand for material handling equipment is expected to grow at an annual rate of more than 6% through 2026, according to Inkwood Research. Top countries for material handling equipment production include China, Germany, Japan, and the US.

            The US material handling equipment manufacturing industry includes about 1,600 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $29 billion.

            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 ...

             
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