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Forklift & Conveyor Manufacturing in Ontario

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS ON33392CA

Forklift & Conveyor Manufacturing in Ontario industry analysis

Revenue for the Forklift & Conveyor Manufacturing industry in Ontario is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to xxx locations over the past five years. Industry employment has increased an annualized x.x% to x,xxx workers during the period, while industry wages have increased an annualized x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x billion, while revenue for the national industry will likely grow x%. The number of industry establishments is forecast to grow x.x% to xxx locations over the next five years. Industry employment is expected to increase an annualized x.x% to x,xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Forklift & Conveyor Manufacturing in Ontario Market Research Report

What’s Included in the Forklift & Conveyor Manufacturing in Ontario Market Research Report

Definition of the Forklift & Conveyor Manufacturing in Ontario?

This industry manufactures equipment used to lift or move materials or people. Major products include forklifts and industrial trucks; escalators and elevators; conveyor belts, hoists, winches, cranes and monorail systems; and related parts, attachments and equipment.

What’s included in the Forklift & Conveyor Manufacturing in Ontario?

The Forklift & Conveyor Manufacturing in Ontario includes industrial truck, tractor, trailer and stacker machinery manufacturing, overhead travelling crane, hoist and monorail system manufacturing, conveyor and conveying equipment manufacturing and elevator and moving-stairway manufacturing. Related terms covered in the Forklift & Conveyor Manufacturing in Ontario industry report includes a lift truck similar to a forklift but with the added capability of extending and retracting the load-bearing unit, a mechanical device used to pull in (wind up) or let out (wind out) rope, chain or cable and production that eliminates waste, reduces inventory and improves productivity.

Industry Performance of the Forklift & Conveyor Manufacturing industry in Ontario

Benchmark the Forklift & Conveyor Manufacturing in Ontario industry performance with all ON Census Metropolitan Area and national performance.

Forklift & Conveyor Manufacturing in Ontario

#1 in Highest Revenue 50.3% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Forklift & Conveyor Manufacturing in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Forklift & Conveyor Manufacturing industry in Ontario

See how key industry drivers, such as gross domestic product, private investment in non-residential construction, bachelorsed, canadian effective exchange rate index, industrial capacity utilization and value of nonresidential construction are impacting Forklift & Conveyor Manufacturing in Ontario

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
BachelorsEd

View more economic information in ON State Economic profile

Canada Key External Drivers

Canadian effective exchange rate index
Industrial capacity utilization
Value of nonresidential construction

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Forklift & Conveyor Manufacturing industry in Ontario

Access proprietary data on Census Metropolitan Area in the Forklift & Conveyor Manufacturing in Ontario, such as Toronto, Hamilton and Kitchener - Cambridge - Waterloo. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Forklift & Conveyor Manufacturing industry in Ontario

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Forklift & Conveyor Manufacturing industry in Ontario in 2025?

The market size of the Forklift & Conveyor Manufacturing industry in Ontario is $2.7bn in 2025.

How many businesses are there in the Forklift & Conveyor Manufacturing industry in Ontario in 2025?

There are 229 businesses in the Forklift & Conveyor Manufacturing industry in Ontario, which has been declining at an average annual rate of -1.2% from 2020 to 2025.

Has the Forklift & Conveyor Manufacturing industry in Ontario grown or declined over the past 5 years?

The market size of the Forklift & Conveyor Manufacturing industry in Ontario has been growing at an average annual rate of 0.9% from 2020 to 2025.

How many employees in the Forklift & Conveyor Manufacturing industry in Ontario in 2025?

There are 6,288 employees in the Forklift & Conveyor Manufacturing industry in Ontario, which has been growing at an average annual rate of 2.1% from 2020 to 2025.