Skyjack expecting ‘double-digit growth’ for 2021
11 March 2021
Skyjack parent company Linamar has reported a -6% decrease in industrial sales for Q4 2020, down C$20.3 million to C$315.6 million for the quarter that ended Dec. 31, 2020. Linamar’s industrial segment consists of Skyjack and MacDon equipment.
“The sales decrease for the quarter was primarily due to the access equipment sales declines associated with the global pandemic, which were partially offset by increasing market share at Skyjack and all three product families,” said Linamar CEO Linda Hasenfratz. “…but market share gains in the core North American business helped mitigate these declines.”
Skyjack saw an increased market share in North America for telehandlers, scissors and booms, Hasenfratz said, and the company is expecting “double-digit growth” for core North American and European markets in 2021.
Despite steep MEWP market declines in 2020, Skyjack said equipment utilization levels continue to rise, and in the last two months alone, utilization levels have been reported at 99% and 107% when compared to 2019’s.
Looking at global markets, Linamar said industry experts have reported the access industry in North America could see 20.3% growth, with Europe just behind at 19.9%. Asian access markets are expected to grow by 7.4%.
As a whole, Linamar reported sales for Q4 2020 were C$1,704.8 million, up C$88.7 million from C$1,616.1 million in Q4 2019.
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