The Conveyor and Crane Manufacturing industry performed well despite experiencing significant setbacks due to the global financial crisis. The return of growth in the industry is largely attributed to booms in mining and construction sectors of the economy and their flow-on effects in the wider economy. Robust activities in the mining segment contributed much to the growth of the industry in the past five years. Similarly, recovery in the construction and freight industries stimulated demand for conveyor systems, forklifts, cranes and elevators.
This class consists of units mainly engaged in manufacturing forklift trucks, cranes, winches, hoists or hoisting equipment, conveyors or conveying systems or other materials handling equipment. It also includes units mainly engaged in manufacturing or installing elevators, escalators or lifts, or in manufacturing tractors used for moving goods in warehouses, railway stations, airports etc. or tractors.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.