The performance of the industries in which PALFINGER products are used is a material basis for the business development of the individual product divisions.
The industrial sectors the Group depends on most are still the construction industry and transport and logistics, which are also early indicators of expected macroeconomic developments. In addition, the recycling industry, agriculture and forestry, retail, and municipalities are major customers for PALFINGER products.
The core product distributed by PALFINGER is the truck-mounted knuckle boom crane. With a market share of around 32 percent PALFINGER is the global leader in this area. Its most important two competitors are in Sweden/ Finnland and in Italy. Most of the other suppliers are either significantly smaller than PALFINGER or offer these products only outside their core business.
In the current market environment, the strengths of the PALFINGER Group are particularly evident. These include primarily the good cost structure, which was built up at an early stage and has been in place for years, innovative products, an efficient network of dealers, and not least also a highly qualified and motivated staff. On this basis, PALFINGER is well able to actively participate in market consolidation – a fact it has already proven by its acquisitions of strategic importance.
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