The appetite for investment in the manufacturing industry is growing rapidly, and Pallet Trucks UK are waiting in the wings to offer many companies all over the country the high-quality equipment and apparatus they need to get their business back on the road to success. A barometer survey by the Guardian, which polled 864 SMEs in manufacturing, found that 85% of companies were planning to spend on capital equipment in the next year, with the average spend ranking at £121,000 per manufacturer.
Though the response to more investment is lukewarm at the moment, many experts are predicting if sales continue to increase as they have for the last fifteen months, confidence will return to the market and manufacturing companies will be more likely to invest. Pallet Trucks UK are one of the country’s leading suppliers of pallet trucks and other manual handling equipment that is vital to the manufacturing industry, and the news is not unexpected for the team there, who have tracked the sector closely through recession and subsequent recovery.
Phil Chesworth, Managing Director of Pallet Trucks UK, says, "We have seen various different trends emerge during the recession and the months after it, and now we can confidently say that there has been a surge in the number of businesses in the manufacturing industry that are investing in new equipment. Whether the desire is to buy new products that will help improve quality and efficiency, or whether a business is trying to increase the volume of goods they can produce and deliver, the recovering economy is giving businesses a reason to invest for the first time in half a decade, and we are ready and waiting for new businesses that want to browse our products and invest in our high-quality range."
31% of the businesses surveyed said that quality and efficiency improvements were number one on their list, narrowly beating out those who want to develop new products – they polled 30% of the votes. The statistics are reassuring and help to affirm that many in the industry have a more positive outlook on what the next few years will bring.
Pallet Trucks UK, with their comprehensive range of hand pallet trucks, manual stackers, lift tables and other manual handling equipment, is fully prepared for the surge in people wanting to stock up on vital equipment, and all of their robust trucks and manual apparatus is guaranteed to be how low-cost and high-quality; just what businesses need after a tough few years.