Global and China Forklift Industry Report, 2017-2021
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Driven by downstream demand, global forklift orders and sales both have grown steadily in recent years. In 2016, the figures reached 1,182,100 units and 1,152,900 units, up 7.5% and 8.3% from a year ago respectively, largely due to a huge increase in European and Asian markets.
China, still the world’s biggest forklift market, saw sales go up 13% to 370,067 units on an annual basis in 2016, including 268,567 units sold in domestic market, a 13.3% growth year on year, and soar by 34.9% from a prior-year period to 368,743 units in the first three quarters of 2017. The full-year sales are estimated to outstrip 400,000 units in 2017.
Product structure: electric forklift sales performed strongly in China, hitting 145,238 units in the first nine months of 2017, an upsurge of 44% from the same period last year and a 39.4% share of total forklift sales, and are predicted to attain 162,055 units by the end of 2017, hopefully accounting for 40.5% of the total. Downstream demand and the country’s emission policies will secure continual increase of electric forklift in market share which will reach an estimated 48% in 2021.
Moreover, BYD brings new lithium battery technology into in forklift industry, opening a new gate for development of lithium battery forklift. Other forklift companies including Anhui HeLi, Hangcha, EP Equipment, Noblelift and Ningbo Ruyi, all have begun to build their own lithium battery forklifts. It is projected that lithium battery forklift will become more popular in China market.
Enterprise competition: China’s forklift industry sees quite fierce competition and high concentration. Leading players represented by Anhui HeLi and Hangcha Group, grabbed a combined 45.1% share in the whole forklift market in 2016, while top20 companies occupied over 91%. Additionally, automakers like Chery and BYD and some companies in Jiangsu, Zhejiang and Anhui also set foot in the industry, making the competition severer.
Meanwhile, the Chinese forklift aftermarket has developed gradually, noticeably the forklift rental market. In recent years, forklift rental companies kept rising in number. Besides internationally well-known manufacturers such as Linde, Jungheinrich, Toyota, Hyster-Yale and Crown Equipment that have operated rental business in China, Chinese companies, typically Anhui HeLi, LiuGong, Tailift, Lonking, Goodsense and Hangcha, also got involved in the market. As rental market matures, forklift rental and sales will coexist.
Global and China Forklift Industry Report, 2017-2021 highlights the followings:
Global forklift industry (status quo, development in major countries and key global forklift companies);
China forklift industry (status quo, production and sales, import and export, competitive landscape and summary);
Chinese Forklift market segments(internal combustion/electric/new energy/alternative fuel forklifts);
Chinese forklift aftermarket (status quo, forklift rental, used forklift and forklift parts);
9 global and 31 Chinese forklift manufacturers (operation, forklift business, R&D expenses, development strategy, etc.).
1 Overview of Forklift
1.1 Definition
1.2 Classification
1.3 Composition
1.4 Upstream and Downstream
2 Global Forklift Industry
2.1 Status Quo
2.1.1 Orders
2.1.2 Sales
2.2 Major Countries
2.2.1 U.S.
2.2.2 Japan
2.3 Major Global Forklift Companies
3 Forklift Industry in China
3.1 Overview
3.2 Production
3.2.1 Manufacturers
3.2.2 Output and Structure
3.3 Sales
3.3.1 Sales
3.3.2 Distribution
3.4 Import & Export
3.4.1 Import
3.4.2 Export
3.5 Competitive Landscape
3.5.1 Product
3.5.2 Enterprise
3.6 Summary
4 Chinese Forklift Market Segments
4.1 Internal Combustion Forklift
4.1.1 Status Quo
4.1.2 Key Manufacturers
4.2 Electric Forklift
4.2.1 Status Quo
4.2.2 Development of Main Products
4.2.3 Key Manufacturers
4.3 New Energy Forklift
4.3.1 Overview
4.3.2 Lithium-battery Forklift
4.4 Alternative Fuel Forklift
5 Chinese Forklift After-market
5.1 Status Quo
5.2 Forklift Rental
5.3 Used Forklift
5.4 Forklift Parts
6 Major Global Forklift Companies
6.1 Toyota Industries Corp
6.1.1 Profile
6.1.2 Operation
6.1.3 Revenue Structure
6.1.4 Forklift Business
6.1.5 Forklift Business in China
6.2 Kion Group
6.2.1 Profile
6.2.2 Operation
6.2.3 Revenue Structure
6.2.4 Forklift Business
6.2.5 Forklift Business in China
6.3 Jungheinrich Group
6.3.1 Profile
6.3.2 Operation
6.3.3 Revenue Structure
6.3.4 Forklift Business
6.3.5 Forklift Business in China
6.4 Crown Equipment Corp.
6.4.1 Profile
6.4.2 Operation
6.4.3 Forklift Business in China
6.5 Mitsubishi Logisnext Forklift
6.5.1 Profile
6.5.2 Operation
6.5.3 Revenue Structure
6.5.4 Forklift Business
6.5.5 Forklift Business in China
6.6 Hyster-Yale Materials Handling, Inc
6.6.1 Profile
6.6.2 Operation
6.6.3 Revenue Structure
6.6.4 Forklift Business
6.6.5 Forklift Business in China
6.7 Komatsu Ltd.
6.7.1 Profile
6.7.2 Operation
6.7.3 Revenue Structure
6.7.4 Forklift Business
6.8 CLARK Material Handling International
6.8.1 Profile
6.8.2 Operation
6.8.3 Forklift Business
6.8.4 Forklift Business in China
6.9 Dooan Industrial Vehicle
6.9.1 Profile
6.9.2 Operation
6.9.3 Forklift Business in China
7 Major Forklift Companies in China
7.1 Anhui HeLi Co., Ltd
7.1.1 Profile
7.1.2 Operation
7.1.3 Revenue Structure
7.1.4 Gross Margin
7.1.5 R&D Investment
7.1.6 Output & Sales
7.1.7 Development Strategy
7.2 Hangcha Group Co., Ltd.
7.2.1 Profile
7.2.2 Operation
7.2.3 Revenue Structure
7.2.4 Gross Margin
7.2.5 R&D Investment
7.2.6 Capacity and Output & Sales
7.2.7 Major Customers
7.2.8 Development Strategy
7.3 Anhui VMAX Heavy Industry Co., Ltd.
7.3.1 Profile
7.3.2 Operation
7.3.3 Revenue Structure
7.3.4 Gross Margin
7.3.5 Major Customers
7.3.6 R&D Investment
7.4 Lonking (Shanghai) Forklift Co., Ltd.
7.4.1 Profile
7.4.2 Operation
7.4.3 Sales
7.4.4 R&D
7.5 Xiamen XGMA Machinery Co., Ltd.
7.5.1 Profile
7.5.2 Operation
7.5.3 Forklift Business
7.6 Zhejiang Noblelift Equipment Joint Stock Co., Ltd.
7.6.1 Profile
7.6.2 Operation
7.6.3 Revenue Structure
7.6.4 Development Strategy
7.7 Guangxi LiuGong Machinery Co., Ltd
7.7.1 Profile
7.7.2 Operation
7.7.3 Revenue Structure
7.7.4 Forklift Business
7.8 Tailift Machinery & Equipment (Qingdao) Co., Ltd.
7.8.1 Profile
7.8.2 Operation
7.9 Zhejiang Maximal Forklift Co., Ltd.
7.9.1 Profile
7.9.2 Development Course
7.9.3 Dynamics
7.9.4 R&D
7.10 EP Equipment Co., Ltd.
7.10.1 Profile
7.10.2 Operation
7.10.3 R&D
7.11 Anhui Jianghuai-Yinlian Heavy-Duty Construction Machine Co., Ltd.
7.11.1 Profile
7.11.2 Operation
7.11.3 Developments
7.12 Ningbo Ruyi Joint Stock Co., Ltd.
7.12.1 Profile
7.12.2 Operation
7.12.3 Developments
7.13 Zhejiang Goodsense Forklift Co., Ltd.
7.13.1 Profile
7.13.2 Development
7.14 Anhui Zoomlion Industrial Vehicle Co., Ltd.
7.14.1 Profile
7.14.2 Operation
7.14.3 Developments
7.15 Dalian Forklift Co., Ltd.
7.15.1 Profile
7.15.2 Development
7.15.3 R&D
7.15.4 Dynamics
7.16 BYD Forklift (Shaoguan) Co., Ltd
7.16.1 Profile
7.16.2 Operation
7.16.3 R&D
7.17 Shandong Volin Heavy Industry Machinery Co., Ltd. (Former Shandong Shantui Machinery Co., Ltd.)
7.17.1 Profile
7.17.2 Operation
7.17.3 R&D
7.18 Anhui TEU Forklift Co., Ltd.
7.18.1 Profile
7.18.2 Operation
7.18.3 Developments
7.19 Beijing Hyundai Jingcheng Construction Machinery Co., Ltd.
7.19.1 Profile
7.19.2 Operation
7.20 Zhejiang Jialift Warehouse Equipment Co., Ltd
7.20.1 Profile
7.20.2 Operation
7.20.3 Revenue Structure
7.20.4 Gross Margin
7.20.5 Major Customer
7.21 Others
7.21.1 Hangzhou Good Friend Precision Machinery Co., Ltd.
7.21.2 Jiangsu Jingjiang Forklift Truck Co., Ltd.
7.21.3 Vita-Wheel Holdings Ltd.
7.21.4 Shandong Leiming Heavy Industry Co., Ltd.
7.21.5 Hefei Banyitong Science & Technology Development Co., Ltd
7.21.6 Zhejiang UN Forklift Co., Ltd.
7.21.7 Suzhou Pioneer Material Handling Equipment & Technology Co., Ltd.
7.21.8 Zhejiang Huahe Forklift Co., Ltd.
7.21.9 YTO (Luoyang) Transportation Machinery CO., Ltd.
7.21.10 Shandong WeCan Technology Co., Ltd.
7.21.11 Wuxi KIPOR Machinery Co., Ltd.
Characteristics of Forklifts
Composite Price Index of Steel in China, 2017
Distribution of Forklift Downstream Sectors, 2016
Global Forklift Orders and YoY Growth, 2010-2017
Global Forklift Orders (by Region), 2014-2016
Global Forklift Orders (by Region), 2016-2017
Global Forklift Sales Volume and YoY Growth, 2010-2017
Global Forklift Sales Volume (by Region), 2010-2017
Forklift Sales Structure by Region, 2017H1
Top15 Countries by Forklift Sales Volume Worldwide, Jan-Sept 2016
U.S. Percentage of Global Forklift Sales Volume, 2009-2016
Forklift Sales (by Product) in the United States, 2009-2016
Forklift Output (by Product) in Japan, 2009-2016
Domestic Sales of Forklifts (by Product) in Japan, 2009-2016
Forklift Exports (by Product) from Japan, 2009-2016
Top 20 Forklift Companies Worldwide, 2016
China’s Percentage of Global Forklift Sales, 2008-2021E
List of Leading Forklift Manufacturers in China
Forklift Output in China, 2009-2017
Forklift Sales and YoY Growth in China, 2009-2017
Forklift Sales and YoY Growth in China, 2016-2021E
China’s Domestic Sales Volume of Forklifts as a Percentage of Total Sales Volume, 2009-2016
Forklift Sales Volume (by Product) in China, 2010-2017
Forklift Sales in Provinces/Municipalities in China, 2016
Forklift Imports in China, 2009-2017
Forklift Imports in China by Product, 2009-2017
Average Import Prices of Forklift in China by Product, 2009-2017
Forklift Imports in China by Region, Jan-Sept 2017
Forklift Exports in China, 2009-2017
Forklift Exports in China by Product, 2009-2017
Average Export Prices of Forklift in China by Product, 2009-2017
Forklift Exports in China by Region, Jan-Sept 2017
Structure of Forklift Sales in China by Product, 2010-2017
Structure of Forklift Sales in China by Product, 2016-2021E
Forklift Sales and Market Share of Major Chinese Manufacturers, 2016
China-based Subsidiaries of Major Foreign Forklift Manufacturers, 2016
Top10 Forklift Manufacturers in China, 2016
Main Industrial Policies on Forklift Industry in China, 2010-2016
Internal Combustion Forklift Sales in China, 2010-2017
Internal Combustion Forklift Sales in China, 2016-2021
Internal Combustion Forklift Sales in China by Fuel Type, 2014-2017
Top5 Companies by Sales of Internal Combustion Counterbalanced Riding-type Forklift in China, 2011-2016
Electric Forklift Sales in China, 2010-2017
Electric Forklift Sales in China, 2016-2021
Key Manufacturers of Battery for Electric Forklift in China
Battery Suppliers for Major Overseas Forklift Manufacturers
Electric Counterbalance Riding-type Forklift Sales in China, 2010-2017
Electric Warehousing Forklift Sales in China, 2010-2017
Sales Proportions of Electric Warehousing Forklifts and Counterbalanced Forklifts in Top10 Forklift Countries in the World, 2015
Major Electric Forklift Manufacturers in China
R&D of New Energy Forklifts of Major Companies at Home and Abroad
Performance Comparison between Lithium Battery Forklift and Storage Battery Forklift
Cost Comparison of Lithium-battery Forklift, Storage Battery Forklift and Internal Combustion Forklift
Forklift Ownership in China, 2012-2018E
Forklift Rental Business of Major Forklift Enterprises at Home and Abroad
Forklift Rental in China, 2013-2021E
Forklift Rental Companies and Brands in China
Revenue and Net Income of Toyota, FY2011-FY2017
Revenue Breakdown of Toyota (by Business Segment), FY2013-FY2017
Milestones of Toyota’s Forklift Operations
Global Forklift Operations of Toyota
Forklift Sales of Toyota, FY2010-FY2017
Forklift Sales of Toyota by Region, FY2010-FY2017
Major China-based Forklift Companies of Toyota
Marketing Network of Toyota (Shanghai)
Equity Structure of Kion Group
Development History of Kion Group
Business Segments of Kion Group
Key Financials of Kion Group, 2011-2017
Revenue Breakdown of Kion Group (by Business), 2015-2017
Revenue Breakdown of Kion Group (by Product), 2015-2017
Forklift Series of Kion Group
Global Production Bases of Kion Group
Industrial Vehicle and Service Orders of Kion Group, 2015-2017
China-based Forklift Companies of Kion Group
Marketing Network of Linde (China) Forklift Truck in China
Global Network of Jungheinrich Group
Orders, Sales and Net Income of Jungheinrich Group, 2011-2017
Primary Business of Jungheinrich Group
Revenue Breakdown of Jungheinrich Group (by Business), 2015-2017
Revenue Breakdown of Jungheinrich Group (by Region), 2012-2016
Revenue Structure of Jungheinrich Group (by Region), 2012-2016
Jungheinrich Group’s Plants Worldwide, 2017
Orders and Forklift Output of Jungheinrich Group, 2012-2016
Forklift Output of Jungheinrich Group’s Qingpu Plant, 2014-2016
Global Operations of Crown Equipment, 2017
Revenue of Crown Equipment, 2010-2016
Revenue and Net Income of Mitsubishi Logisnext Forklift, FY2011-FY2016
Revenue Breakdown of Mitsubishi Logisnext Forklift by Region, FY2014-FY2016
Advantages of Mitsubishi Logisnext Forklift’s Products
Production Bases of Mitsubishi Logisnext Forklift
Development Planning of Mitsubishi Logisnext Forklift, FY2017
China-based Companies of Mitsubishi Logisnext Forklift
Revenue and Net Income of Hyster-Yale, 2011-2017
Revenue Breakdown of Hyster-Yale (by Product/Region), 2011-2017
Forklift Series of Hyster-Yale
Forklift Production and Sales Bases of Hyster-Yale, 2016
Major Forklift Customers of Hyster-Yale
Forklift Shipments of Hyster-Yale, 2011-2017
Forklift Shipments of Hyster-Yale by Region, 2014-2017
Main Products of Komatsu
Revenue and Net Income of Komatsu, FY2011-FY2017
Revenue Breakdown of Komatsu (by Business), FY2015-FY2017
Revenue Breakdown of Komatsu (by Region), FY2014-FY2017
Revenue Structure of Komatsu’s Construction, Mining and Utility Equipment Business, FY2013-FY2016
Major Forklifts of Komatsu
Sales of CLARK, 2011-2017
Major Forklifts of CLARK
Global Footprint of CLARK
Major Forklifts of CMHCN
CLARK’s Sales Network in China
Development History of Dooan Industrial Vehicle, 2011-2016
Global Operations of Dooan Industrial Vehicle, 2017
Revenue of Dooan Industrial Vehicle, 2011-2017
Revenue and Net Income of Anhui Heli, 2013-2017
Assets and Net Income of Anhui Heli’s Key Subsidiaries, 2016
Operating Revenue Breakdown of Anhui Heli (by Product), 2013-2016
Operating Revenue Structure of Anhui Heli (by Product), 2013-2016
Operating Revenue Breakdown of Anhui Heli (by Region), 2013-2016
Operating Revenue Structure of Anhui Heli (by Region), 2013-2016
Gross Margin of Anhui Heli, 2010-2017
Gross Margin of Anhui Heli by Product, 2010-2016
R&D Expenses and Percentage of Total Revenue of Anhui Heli, 2013-2017
Projects under Construction of Anhui Heli, 2017H1
Output, Sales and Inventory of Anhui Heli’s Main Products, 2014-2016
Revenue and Net Income of Hangcha Group, 2013-2017
Operating Revenue of Hangcha Group by Product, 2013-2017
Operating Revenue of Hangcha Group by Region, 2013-2016
Operating Revenue Structure of Hangcha Group by Region, 2013-2016
Gross Margin of Hangcha Group’s Primary Business, 2013-2017
Hangcha Group’s Projects with Funds from IPO, 2016
R&D Expenses and % of Total Revenue of Hangcha Group, 2013-2017
Capacity of Hangcha Group by Product, 2011-2016
Output, Sales and Sales/Output Ratio of Hangcha Group, 2013-2016
Average Selling Prices of Hangcha Group’s Products, 2013-2016
Hangcha Group’s Revenue from Top5 Clients and % of Total Revenue, 2013-2016
Revenue and Net Income of Anhui VMAX Heavy Industry, 2014-2017
Operating Revenue of Anhui VMAX Heavy Industry by Product, 2014-2017
Operating Revenue Structure of Anhui VMAX Heavy Industry by Product, 2014-2017
Operating Revenue of Anhui VMAX Heavy Industry by Region, 2014-2017
Operating Revenue Structure of Anhui VMAX Heavy Industry by Region, 2014-2017
Gross Margin of Anhui VMAX Heavy Industry, 2014-2017
Major Overseas Customers of Anhui VMAX Heavy Industry
Anhui VMAX Heavy Industry’s Revenue from Top5 Clients and % of Total Revenue, 2016-2017
R&D Costs and % of Total Revenue of Anhui VMAX Heavy Industry, 2014-2017
Revenue of Lonking (Shanghai) Forklift, 2014-2017
Forklift Sales of Lonking (Shanghai) Forklift, 2010-2017
Revenue and Net Income of Xiamen XGMA Machinery, 2014-2017
Forklift Sales of Xiamen XGMA Machinery, 2009-2017
Revenue and Net Income of Zhejiang Noblelift Equipment, 2013-2017
Operating Revenue of Zhejiang Noblelift Equipment (by Product), 2012-2016
Operating Revenue Structure of Zhejiang Noblelift Equipment (by Product), 2012-2016
Product Output and Sales of Zhejiang Noblelift Equipment, 2015-2016
Operating Revenue of Zhejiang Noblelift Equipment (by Region), 2012-2016
Operating Revenue Structure of Zhejiang Noblelift Equipment (by Region), 2012-2016
Revenue and Net Income of Guangxi LiuGong Machinery, 2012-2017
Operating Revenue of Guangxi LiuGong Machinery by Region, 2012-2017
Operating Revenue Structure of Guangxi LiuGong Machinery by Region, 2012-2017
Main Forklift Models of Guangxi LiuGong Machinery
Production Bases of Guangxi LiuGong Machinery
Development History of Guangxi LiuGong Machinery’s Forklift Business
Forklift Sales of Guangxi LiuGong Machinery, 2011-2017
Major Customers of Tailift Machinery & Equipment (Qingdao)
Production Distribution of Tailift Machinery & Equipment (Qingdao)
Development History of Zhejiang Maximal Forklift
Sales of Zhejiang Maximal Forklift, 2010-2017
Development History of EP Equipment
Equity Structure of Anhui Jianghuai-Yinlian Heavy-Duty Construction Machine
Forklift Sales of nhui Jianghuai-Yinlian Heavy-Duty Construction Machine, 2010-2017
Major Customers of Zhejiang Goodsense Forklift
Equity Structure of Anhui Zoomlion Industrial Vehicle
Forklift Sales Network of Anhui Zoomlion Industrial Vehicle
Forklift Sales of Dalian Forklift, 2010-2017
Global Network of Anhui TEU Forklift
Equity Structure of Beijing Hyundai Jingcheng Construction Machinery
Sales Network of Beijing Hyundai Jingcheng Construction Machinery
Revenue and Net Income of Zhejiang Jialift Warehouse Equipment, 2014-2017
Operating Revenue of Zhejiang Jialift Warehouse Equipment by Product, 2014-2017
Operating Revenue Structure of Zhejiang Jialift Warehouse Equipment by Product, 2014-2017
Operating Revenue of Zhejiang Jialift Warehouse Equipment by Region, 2014-2017
Operating Revenue Structure of Zhejiang Jialift Warehouse Equipment by Region, 2014-2017
Gross Margin of Zhejiang Jialift Warehouse Equipment, 2014-2017
Zhejiang Jialift Warehouse Equipment’s Revenue from Top5 Customers and % of Total Revenue, 2016-2017
Global Sales Network of Zhejiang UN Forklift
Global Sales Network of Zhejiang Huahe Forklift
Equity Structure of YTO (Luoyang) Transportation Machinery
Revenue and Net Income of YTO (Luoyang) Transportation Machinery, 2014-2017
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