Forklift truck manufacturer Jungheinrich expects it will manage to weather a sharp drop in new orders and revenue and avoid posting a full-year loss, the second largest German forklift truck maker after Kion said on Wednesday.
“At present, demand is not anticipated to recover before the second half of 2010,” it said in a statement.
The market contraction will likely mean forklift and counterbalance truckmakers like U.S.-based Nacco and global leader Toyota Industries could also see significant business declines in a highly cyclical industry that depends largely on global trade.
With more and more people turning to refurbished and second hand forklifts in a bid to cut financial outlay it is unsurprising that the current financial climate is set to test even the biggest forklift truck manufacturers. A quick look at referral traffic to our site would show that are much more searches for used forklifts (used forklifts in Bristol for example) than there is searches for new forklifts.
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