Midland Pallet Trucks certain market will continue to prosper despite falling sales
The news that forklift truck orders were down 10 percent during the second quarter of 2016 have sent shockwaves through the industry. The prosperous sector has seen incredible growth over the last five years as the need for warehouse equipment has heightened, so the decline in orders came somewhat out of the blue. Midland Pallet Trucks, one of the UK’s premier providers of pallet trucks , stackers , lift platforms and other warehouse equipment, has encouraged the sector not to worry about the decline and urged the sector to continue offering the same incredible solutions to businesses.
The British Industrial Truck Association market index report, which was released at IMHX, said the market had been affected by political uncertainty as a result of the referendum. This is despite an increasing number of companies making the leap to online and becoming ecommerce or omni-channel businesses.
Phil Chesworth, Managing Director at Midland Pallet Trucks, said, “The pallet truck industry has thrived over the last couple of years. The move towards online shopping and digital platforms has resulted in demand being higher than ever before. And as the commerce world is shifting more and more towards digital processes, it is quite a surprise that the industry has suffered this year – even taking into account the referendum.”
Although the report makes for glum reading for the industry, it is worth noting that the market remains at historically high levels, while the manufacturing and building industries are doing better than expected.
“Despite multiple reports of an economic slowdown, consumer spending is doing better than expected,” added Phil. “This is exceptionally good news and will hopefully encourage businesses to start investing wisely into their bottom line and cause the industry to grow again over the next quarter.”
Midland Pallet Trucks stocks one of the largest ranges of warehouse equipment online. Their robust equipment is ideal for use in a range of settings and by businesses of all sizes. Offering excellent value for money without compromising on quality, the company’s range of products has helped thousands of businesses improve processes and as a result, expand their offering.
To find out more and browse their extensive range available to purchase online, visit the website: www.midlandpallettrucks.com
Dakota Digital for Midland Pallet Trucks
Contact: Hannah Byrne
Tel UK: 01623 428996
Tel US: 917-720-3025
Midland Pallet Trucks are pallet truck specialists, with a diverse range of models and specifications held in stock for immediate shipping. The company is based in the West Midlands, England, importing high-quality pump trucks and lift tables directly from the manufacturer. It carries sufficient stocks in its 60,000 square feet warehouse to supply the whole of the UK market with any kind of hand-operated truck or lift.