Skyjack looks for double-digit growth

Linamar’s Industrial division, which includes Skyjack and MacDon, saw its 2022 second quarter sales increase by 54% or CAD$272.7 million to reach CAD$777.3 million for the three months ending June 30, 2023. The sales increase for the quarter was due to higher access and agricultural equipment sales driven by growth in the global markets, according to Linamar.

Skyjack headquarters in Guelph, Canada. Skyjack headquarters in Guelph, Canada. (PHOTO: Skyjack)

Speaking during an investors call, Linamar CEO Linda Hasenfratz said, “Rental company demand for equipment is strong as companies continue to look to counter fleet aging experience during [the global pandemic.]

The skyjack SJ45T Plus with Smartorque. (PHOTO: Skyjack)

“Equipment utilization in North America is well ahead of 2022 throughout the first half of the year, in line with or exceeding peaks that we saw in 2019. Utilization levels in Europe are well above 2022 levels as well, and also exceeding 2019 peaks. Our backlog at Skyjack is solid and with some relief on the supply chain side, we are increasingly enabled to deliver on such. With market and market share growth, we feel confident we can again grow Skyjack in double digits this year and next year. We’re, of course, keeping a close eye on potentially shifting market conditions in the event of an economic slowdown.”

Looking at the markets in more detail, the North American access market was up 27% in Q2 and the EMEA access market was up 11%, while Asia saw the access market up 26%. Linamar expects North America and the EMEA regions to see near double-digit growth in 2023, with Asia expected to be up 13%.

Skyjack also noted it increased capacity significantly in Asia as well as in North America to accommodate demand.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Scaffold & Access Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest Events
How technology is revolutionizing MEWP training
Industry expert to provide in-depth look at how MEWP training is delivered at Working at Height Conference
Speaker announcement: TJ Lyons on MEWP safety at Working at Height conference
TJ Lyons to present on the philosophy of accident prevention at November event
First speakers announced for Working at Height Conference
John McClelland, TJ Lyons, Scott Owyen, Bart Krzysztofek and more come on board for Nov. 20 access and rental conference
Off-Highway Research

The gold standard in market research

Off-Highway Research offers a library of more than 200 regularly updated reports, providing forensic detail on key aspects of the construction equipment industry.

Our detailed insights and expert analyses are used by over 500 of the world’s largest and most successful suppliers, manufacturers and distributers, to inform their strategic plans and deliver profitable growth.

Click here to visit our website