As the market for materials handling equipment slows down to a trickle will we now see more consolidation with forklift OEM's
The materials handling market is now set to slow down by quite a significant figure and many markets including China will see fall of up to 50% on new equipment. Will this slow down see more and more manufactures either looking to sell their materials handling manufacturing business, or will we see companies Like Toyota looking to pick up more brands on the cheap to improve their product offering
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Exalt how can you say your forecast is correct, it is a forecast basically a prediction, maybe in 6 years you could come back and say it was correct but up to now it is just a forecast.
What our research has shown us is there is going to be a slow down on all truck till at least 2021 before picking back up again in 2022.
This slow down will be bigger than the last slow down and will affect diesel trucks the most as customers will be unsure of future legalisation
Its has also indicated that by 2024 / 2024 diesel powered forklifts will account for less than 25% of the whole market, this will also include big trucks as well.
While diesel auto sales have declined petrol cars now represent 61.8% (11% increase) of the UK auto market. Forecasts for diesel auto sales in the UK is projected to be 5% of the total sales by 2030. Petrol, hybrid & other alternative fuel cars are taking up taking up the slack of the demise in the diesel auto car - petrol auto sales have increased, hybrids have also increased.
Many years ago in the US diesel engine were common to see in 2.5 ton to 4 ton pneumatic tire and press on solid tire forklifts. Not so much any more.
In the late 1970's diesel cars were popular in the US - but they died the death of a ragged doll, except for pick up (work)trucks. Many pick-ups in the US are driven for pleasure or just to be cool vs pleasure driving pick-ups and have gasoline(aka petrol) fuel engines
Here is an interesting article and the whys & wherefores of the diesel dilemma in the UK
www(dot)bbc(dot)com/news/business-43655703
well johnrj, sorry to tell you that our forecast is right and the market will drop dramatically, Our Investors agree with us on this one and they don't see any market recovery till 2022 / 2023
They are not in our investment for the short term and they are happy with our predicted ROI for after 2023
we are now at the end of nine years of growth and a dramatic fall is going to happen quite quickly starting in 2019 and going into 2020 / 2021
what will drive the recovery in 2022 will be new regulations on new equipment.
If you look at the car market you will see a massive decline in diesel car sales in the UK in the last three months
This article from Modern Material Handling seems to counter your forecast of doom & gloom for the future. Maybe you need a new crystal ball or your crystal ball is looking beyond 2021.
add www to the link below and replace (dot) with a.
(dot)mmh (dot)com/article/global_forklift_market_to_grow_by_nearly_7_through_2021
Have you informed your new $ investors for your zero emission forklift of your forecast that their ROI might not happen so fast.
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