Theory:
- forklift industry will continue to consolidate at manufacturer level
- we'll end up with 4 major OEMs vs present
Top mfr right now from MMH mag Aug 14 edition:
1 Toyota
2 Kion
3 Jung
4 Nacco
5 Crown
6/7 Mitsubishi/Nichiyu
above = 80% of world market
8 and below = minor leagues/Chinese
So we have 6 that make up 80% of world market
My guess is we end up with 4
Kion + Nacco
Jungheinrich + MCFU (nice new initials btw!)
Toyota
Crown
+ Chinese, Koreans, and the rest
Thoughts? Combinations?
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