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Analysis and Forecast of China Forklift Industry, 2013-2017

  • September 2013
  • -
  • Huidian Research
  • -
  • 55 pages

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At present, there are more than 30 internal combustion forklift enterprises, about 20 electric forklift enterprises, more than 30 warehouse forklift and light-small industrial trucks enterprises, as well as more than 10 wholly foreign-owned enterprises and joint ventures in China.

In 2012, the accumulative sales volume of forklifts in China was 288,662 units, decreased by 8% over 2011. In the first quarter of 2013, the accumulative sales volume was 45,720 units, of which, Anhui Forklift Truck Group accounted for 42.92% of the total sales volume and Hangcha Group accounted for 41.05%.

Although China’s forklift industry develops rapidly, there are very few high-tech forklift manufacturers in China; some Sino-foreign joint ventures and foreign well-known forklift manufacturers have occupied China’s high-end forklift market, and the high-end is mainly reflected in the aspects of intelligent, informatization, as well as automation, while most of China’s forklift manufacturers occupy the medium and low-end forklift market. Currently, the foreign-funded enterprises compete fiercely in the medium-end forklift market, and some domestic forklift manufacturers begin to fight for high-end market instead of staying in low-end market, and foreign-funded forklift manufacturers begin to pay more attention to medium and high-end market.

As for the low-lift forklift and hydraulic carrying vehicle fields, overcapacity situation appears in China’s forklift industry. In 2013, some forklift manufacturers make production adjustment through market regulation; as for the domestic backward technology in high-lift electric forklift field, some China’s forklift manufacturers may cooperate with foreign forklift manufacturers so as to make up for this shortcoming and strive to achieve breakthrough in this respect. At the same time, the electric forklifts higher than 8 meters begin to take shape in China, therefore, more domestic forklift manufacturers will develop electric warehouse forklifts with high lift and large tonnage in the future.

Stimulated by national macro-environment and related policy, China’s forklift industry will show an upward trend in the next few years, especially in the high-end and special forklift fields, the growth of market demand will be relatively large; it is estimated that the sales volume will reach 350,000 units by 2017.

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