The Conveyor and Crane Manufacturing industry's performance has been mediocre, but still better than that of many other manufacturing industries. The industry's growth is largely attributed to booms in the mining and construction divisions and the flow-on effects to the wider economy. Robust activity in the Mining division has contributed the most to industry growth over the past five years. Similarly, a recovery in the construction and freight markets has stimulated demand for conveyor systems, forklifts, cranes and elevators. Industry revenue is forecast to grow at an annualised 0.9% over the five years through 2014-15.
Companies in this industry primarily manufacture forklift trucks, cranes, winches, hoists, hoisting equipment, conveyors or conveying systems. They also manufacture elevators, escalators, lifts and tractors used for moving goods. The industry excludes companies solely focused on maintenance, installation and repair services.
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.