Forklift & Conveyor Manufacturing in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

On the line: Industry performance will strengthen as key domestic and foreign downstream markets recover

Forklift and conveyor manufacturing is a mature industry with clearly defined markets and widely accepted product lines that have few substitutes outside of importing. Various downstream markets drive demand for such a diverse set of product lines. Heavy infrastructure construction and inventory management largely drive the need for forklifts, while freight and manufacturing industries make up most of the demand for conveyor systems. The international trade market for forklift and conveyor products will also account for a large portion of industry revenue.

Operators in this industry manufacture equipment used to lift or move materials. Major products and services include forklifts, conveyor equipment manufacturing, cranes, hoist systems, industrial trucks, stacker machinery and all related parts and upkeep of products. This industry excludes operators that manufacture construction-type tractors and cranes, as these companies are included in the Construction Machinery Manufacturing industry.

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.