Lifting & Handling Equipment Manufacturing in the UK - Market Research Report (2014-2029)

Incoming imports: Global competition remains fierce, stifling sales growth

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.

Revenue prospects for the lifting and handling manufacturing industry largely depend on the performance of downstream manufacturing, construction and freight-handling industries and their business expenditure levels. Following the EU referendum, business confidence dipped, weighing on domestic market prospects, as downstream companies restricted their capital spending. However, construction activity has been resilient, with overall growth in the total value of construction supporting industry revenue. Exports have grown, spurred by a weak pound making UK-manufactured products more competitive in overseas markets. However, import competition has remained intense thanks to cost advantages held by manufacturing excellence like Germany, driving down prices.

Companies in this industry manufacture lifting and handling equipment, including hand-operated or power-driven lifting, handling, loading or unloading machinery. Manufacturing conveyors, lifts, escalators, moving walkways and specialised parts for lifting and handling equipment is part of the industry. This industry does not cover the manufacture of continuous-action elevators, floating cranes and mechanical shovels.