Forklift Market 2017 Forecasts Company Profile, Product Specifications and Capacity

Press Release   •   May 19, 2016 07:04 EDT

With the progress of modern logistics as well as the growth in demand for replacing workforce by machinery, forklifts have become the most widely used tools for handling materials in logistics industry. In 2014, global forklift sales volume exceeded one million sets for the first time, representing a year-on-year increase of 7.5%; wherein, China sold 360,000 ones, up 9.4% year on year, still ranking first worldwide.

In 2015, European and American forklift markets continue to maintain steady growth. Chinese forklift market has re-entered the adjustment phase since 2012 as the economic slowdown pulls down the demand of traditional industries for forklifts; therefore, the annual sales volume in the country will return to the level in 2013, but it will maintain its position as the world's largest market.

With the development of Chinese forklift market, the forklift product mix also changes. All along, internal combustion forklifts occupy roughly 80% market share in China. However, in recent years, electric forklifts have been growing radically thanks to the demand for energy saving and environmental protection. In 2014, electric forklifts accounted for 30.6% of China’s forklift sales volume, 3.5 percentage points higher than the previous year, marking the fastest growth in recent years. During 2015, internal combustion forklifts continue to decline, while electric forklifts, especially electric warehouse forklifts, grow significantly at the estimated above 10%.

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Major Global Manufacturers covered in this report Toyota, Kion, Jungheinrich, Hyster-Yale, Crown Equipment Corp., Mitsubishi Nichiyu, UniCarriers, Komatsu, CLARK and Dooan.

Major Chinese Manufacturers are Anhui HeLi Co., Ltd., Hangcha Group Co., Ltd., Lonking (Shanghai) Forklift Co., Ltd., Tailift Qingdao Co., Ltd., Guangxi LiuGong Machinery Co., Ltd., Sino-American-Zhejiang Maximal Foklift Co., Ltd., EP Equipment Co., Ltd., Anhui Jianghuai-Yinlian Heavy-Duty Construction Machine Co., Ltd., Dalian Forklift Co., Ltd., Ningbo Ruyi Joint Stock Co., Ltd , Zhejiang Goodsense Forklift Co., Ltd., Zhejiang Noblelift Equipment Joint Stock Co., Ltd., Zoomlion Anhui Industrial Vehicles Co., Ltd., Anhui Hecha Forklift Co., Ltd., Hyundai (Beijing) Construction Machinery Co., Ltd., Xiamen XGMA Machinery Co., Ltd., BYD Forklift (Shaoguan) Co., Ltd, Anhui TEU Forklift Co., Ltd., Shandong Shantui Machinery Co., Ltd. And Other Enterprises.

At the same time, major manufacturers have been intensifying R & D of electric warehouse forklifts and new energy forklifts, like HeLi develops LNG and LPG internal combustion forklifts; BYD researches lithium battery forklifts; EP Equipment, Noblelift and Ruyi develop electric warehouse vehicles.

Regarding enterprises, domestic brands seize approximately 80% market share, of which Anhui HeLi and Hangcha hold about 45%. In foreign brands, Kion Group enjoys the highest share, with 6.3% in 2014. In addition, Toyota, Mitsubishi Nichiyu Forklift and UniCarriers also act as major players.

In recent years, China's manufacturing industry has stepped into the transition phase. On the one hand, forklift companies speed up the upgrading of their product structure and gradually transfer to the medium-end economical forklift market; on the other hand, they enhance competitiveness through mergers and acquisitions and other means. For instance, UniCarriers obtained 70% stake in Anhui Hecha; TICO acquired Tailift’s forklift business. In the next five to ten years, mergers and acquisitions in the forklift industry or across industries will continue to occur.?

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Global and China Forklift Industry Report, 2015-2017 released focuses on the followings:

  • §Status quo of global forklift market, forklift development of major countries, as well as top 20 global forklift enterprises, etc.
  • §Production, sale, and import & export of forklifts in China
  • §Status quo and key players in electric and internal combustion forklift markets in China
  • §Product, regional, and corporate structure of forklifts in China
  • §Operation and forklift business of 10 global and 29 Chinese enterprises
  • §Development trend and prospects of China’s forklift industry

Table of Contents

1 Overview of Forklift

2 Status Quo of Global Forklift Industry

3 Forklift Market in China

4 Forklift Market Segments in China

5 Competitive Landscape of Forklift Market in China

6 Key Global Forklift Manufacturers

7 Key Forklift Manufacturers in China

8. Development Trend of China's Forklift Industry

9. Summary and Forecast