Global and China Forklift Industry Report, 2018-2023
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Dec.2018
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In 2017, global forklift sales reached a record high of 1.334 million units with a year-on-year increase of 15.7%; wherein, China's sales rose 34.2% year on year to 497,000 units, still ranking first worldwide. In 2018, the Chinese market maintained rapid growth, with the fork sales outnumbering 500,000 units in the first ten months of 2018 and expectedly approaching 600,000 units throughout the year. In the future, the Chinese forklift market will still have huge growth potentials and forklift sales in 2023 will double that in 2018.
Electric forklifts, particularly electric warehouse forklifts, saw the highest growth rates in 2017 and 2018, namely 48.4% and 49.8% respectively (Jan-Oct). This is largely due to intensive introduction of environmental protection policies, increased fuel costs, and robust demand for warehousing logistics. Moreover, the demand picks up in the new energy forklift market to which more and more entrants have accessed. BYD lithium battery forklifts have been promoted by annual sales of 10,000 units; Anhui HeLi, Hangcha Group, EP Equipment, Noblelift, Ningbo Ruyi and Tailift have without exception produced their own lithium battery forklifts. A total of 8,681 lithium battery forklifts were sold in China in 2017, according to China Forklift Association. Although with a small share in electric forklifts, lithium battery forklifts are growing rapidly with its sales volume in 2018 expected to double that in 2017. As logistics go automated and intelligent, AGV sales have soared. Major forklift producers like Hangcha Group, LiuGong and Linde have rolled out forklift AGV to seize the market.
The burgeoning market in China has prompted many overseas companies to speedily get their business optimized and integrated for competitive edges. In January 2018, KION Group entered into a strategic partnership with Zhejiang EP Equipment; the partnership will focus on joint product development and supply chain synergies and is expected to make both parties more competitive in terms of their product offerings. In June 2018, Hyster-Yale Materials Handling completed its acquisition of 75% shares in Zhejiang Maximal Forklift. In July 2018, the subsidiaries of Mitsubishi Logisnext -- MF (Shanghai) Co., Ltd. and Shanghai Nichiyu Forklift Manufacturing Co., Ltd. were integrated into Mitsubishi Logisnext Forklift (Shanghai) Co., Ltd., which will be responsible for marketing and services of all forklift brands of Mitsubishi Logisnext in China with a sales target of more than 10,000 units in 2020. In addition, Hyundai announced its return to the Chinese market in Hangzhou, Zhejiang Province in June 2018 after exiting the market in 2016, and launched a number of new products.
Meanwhile, two Chinese forklift giants integrate resources to be more competitive in key components. In February 2018, Hangcha Group invested in Zhengzhou Jiachen Instrument Co., Ltd.; in the same month, ZF set up a joint venture named ZF-HELI Drivetech (Hefei) Co., Ltd. with Anhui Heli.
The report highlights the followings:
Status quo of the global forklift market, the development of forklift markets in USA and Japan, and the list of the global top 20 forklift manufacturers;
Size, structure, import & export, corporate competition and development trends of Chinese forklift market;
Status quo, key enterprises and development trends of Chinese forklift market segments - electric forklifts, internal combustion forklifts, new energy forklifts, alternative fuel forklifts, AGV forklifts, etc.;
Status quo and trends of Chinese forklift aftermarket (forklift rental, used forklift and forklift parts);
Operation and forklift business of 9 global and 31 Chinese forklift manufacturers.
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 Volume
2.2 Major Countries/Region
2.2.1 North America
2.2.2 Japan
2.3 Major Global Forklift Companies
3 Chinese Forklift Market
3.1 Overview
3.2 Market Size
3.2.1 Sales Volume
3.2.2 Distribution
3.3 Import & Export
3.3.1 Import
3.3.2 Export
3.4 Product Competition
3.5 Enterprise Competition
3.5.1 Industry Concentration
3.5.2 Competitive Landscape
3.6 Development Trend
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 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
4.5 AGV Forklift
5 Chinese Forklift Aftermarket
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
6.1.6 Forklift Business Planning
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 Co., Ltd.
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 Doosan 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
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
7.2.6 Key Projects
7.2.7 Output & Sales
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
7.5 Xiamen XGMA Machinery Co., Ltd.
7.5.1 Profile
7.5.2 Operation
7.5.3 Forklift Business
7.6 Noblelift Intelligent Equipment Co., Ltd.
7.6.1 Profile
7.6.2 Operation
7.6.3 Revenue Structure
7.6.4 R&D
7.6.5 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 Forklift Business
7.8.3 R&D
7.9 Hyster-Yale Maximal Forklift (Zhejiang) Co., Ltd
7.9.1 Profile
7.9.2 Operation
7.9.3 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 R&D
7.12 Ningbo Ruyi Joint Stock Co.,Ltd
7.12.1 Profile
7.12.2 Operation
7.12.3 R&D
7.13 Zhejiang Goodsense Forklift Co., Ltd.
7.13.1 Profile
7.13.2 Operation
7.14 Anhui ZOOMLION Industrial Vehicle Co. Ltd
7.14.1 Profile
7.14.2 Operation
7.14.3 R&D
7.15 Dalian Forklift Co., Ltd.
7.15.1 Profile
7.15.2 Operation
7.15.3 R&D
7.16 BYD Forklift (Shaoguan) Co., Ltd
7.16.1 Profile
7.16.2 Operation
7.16.3 R&D
7.16.4 Cooperation
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
7.19 Qingdao Modern Hailin Heavy Industry 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 Major Customers
7.21 Others
7.21.1 Hangzhou Global 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 All Sorts of Forklifts
Composite Price Index of Steel in China, 2017-2018
Distribution of Forklift Downstream Sectors, 2018
Global Forklift Orders and YoY Growth, 2010-2018
Global Forklift Orders (by Region), 2014-2017
Global Forklift Orders (by Region), 2018 (Jan.-Sep.)
Global Forklift Sales Volume and YoY Growth, 2010-2018
Global Forklift Sales Volume (by Region), 2013-2018
Forklift Sales Volume in North America, 2015-2018
Forklift Sales Volume (by Product) in the United States, 2015-2017
Forklift Output (by Product) in Japan, 2009-2018
Domestic Sales Volume of Forklifts (by Product) in Japan, 2009-2018
Export Volume of Forklifts (by Product) in Japan, 2009-2018
Top 20 Forklift Companies Worldwide, 2017
China’s Forklift Sales Volume as a Percentage of Global Total, 2008-2018E
Forklift Sales Volume and YoY Growth in China, 2010-2018
Forklift Sales Volume and YoY Growth in China, 2018-2023E
China's Domestic Sales Volume of Forklifts as a Percentage of Total Sales Volume, 2009-2018
Forklift Sales Structure in China by Product, 2010-2018
Forklift Sales Volume in China by Region, 2017
Import Volume of Forklifts in China, 2009-2017
Import Volume of Forklifts (by Product) in China, 2009-2017
Average Import Prices of Forklift in China by Product, 2009-2017
Forklift Imports in China by Region, Jan-Sept 2017
Export Volume of Forklifts in China, 2009-2018
Export Volume of Forklifts (by Product) in China, 2009-2018
Average Export Prices of Forklift in China by Product, 2009-2017
Structure of Forklift Sales Volume in China by Product, 2010-2018
Structure of Forklift Sales Volume in China by Product, 2018-2023E
Concentration of China Forklift Industry, 2017
Top40 Forklift Manufacturers (by Revenue) in China, 2017
Forklift Sales Shares of Chinese and Foreign Companies in China, Jul.2015-Jun.2018
China-based Subsidiaries of Major Foreign Forklift Manufacturers, 2018
Forklift Sales Volume and Market Share of Major Chinese Manufacturers, 2017-2018
Internal Combustion Forklift Sales Volume in China, 2010-2018
Internal Combustion Forklift Sales Volume in China, 2018-2023E
Internal Combustion Forklift Sales Volume in China by Fuel Type, 2014-2018
Internal Combustion Forklift Sales Volume in China by Tonnage，2017
Major Internal Combustion Counterbalanced Riding-type Forklift Manufacturers in China
Electric Forklift Sales in China, 2010-2018
Electric Forklift Sales in China, 2018-2023E
Key Manufacturers of Batteries for Electric Forklift in China
Battery Suppliers for Major Overseas Forklift Manufacturers
Electric Counterbalance Ride-on Forklift Sales in China, 2010-2018
Electric Counterbalance Ride-on Forklift Sales by Tonnage in China, 2017
Electric Warehouse Forklift Sales in China, 2010-2018
Proportion of Electric Warehouse Forklift and Counterbalance Forklift Sales in Top10 Forklift Producers, 2015
Major Electric Forklift Manufacturers in China
R&D of New Energy Forklifts of Major Companies Worldwide
Performance Comparison between Lithium Battery Forklift and Storage Battery Forklift
Cost Comparison of Lithium Battery Forklift, Storage Battery Forklift and Internal Combustion Forklift
Sales Volume of Lithium-Battery Forklift in China, 2017-2023E
Intelligent Forklift Manufacturing and R&D Companies in China
Forklift Ownership in China, 2012-2023E
Forklift Rental Companies and Brands in China
Forklift Rental in China, 2013-2023E
Revenue and Net Income of Toyota, FY2014-FY2018
Revenue Breakdown of Toyota (by Business), FY2014-FY2018
Revenue of Toyota by Product, FY2017-FY2018
Revenue of Toyota by Region, FY2017-FY2018
Materials Handling Equipment Sales Volume of Toyota, FY2010-FY2019
Materials Handling Equipment Sales Volume of Toyota (by Region), FY2010-FY2018
Toyota Material Handling Group Brand Worldwide
Factory Distribution of TMHG
BT Brand Production Bases
Key Forklift Companies of Toyota in China
Equity Structure of Kion Group
Business Segments of Kion Group
Key Financials of Kion Group, 2011-2018
Revenue Breakdown of Kion Group (by Business), 2016-2018
Revenue Breakdown of Kion Group (by Region), 2015-2017
Forklift Business Layout of Kion Group
Industrial Vehicle and Service Revenue of Kion Group, 2016-2018
China-based 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, 2011-2018
Primary Business of Jungheinrich Group
Revenue Breakdown of Jungheinrich Group (by Business), 2016-2018
Revenue Breakdown of Jungheinrich Group (by Region), 2012-2017
Jungheinrich Group’s Plants Worldwide, 2018
Orders and Forklift Output of Jungheinrich Group, 2012-2018
Presence of Jungheinrich Group in China
Production Scale of Jungheinrich Qingpu Factory
Operation of Jungeinrich Heli Industrial Truck Rental (China) Co., Ltd., 2016-2017
Global Operations of Crown Equipment, 2017
Revenue of Crown Equipment, 2010-2018
Revenue and Net Income of Mitsubishi Logisnext Forklift, FY2011-FY2018
Revenue Breakdown of Mitsubishi Logisnext Forklift by Region, FY2014-FY2018
Advantages of Mitsubishi Logisnext Forklift’s Products
Production Bases of Mitsubishi Logisnext Forklift
Sales Volume of Mitsubishi Logisnext, FY2016-FY2018
China-based Companies of Mitsubishi Logisnext Forklift
Revenue and Net Income of Hyster-Yale, 2011-2018
Revenue Breakdown of Hyster-Yale (by Product/Region), 2013-2018
Forklift Series of Hyster-Yale
Forklift Production and Sales Bases of Hyster-Yale, 2017
Major Forklift Customers of Hyster-Yale
Forklift Shipments of Hyster-Yale, 2011-2018
Forklift Shipments of Hyster-Yale by Region, 2015-2018
Main Products of Komatsu
Revenue and Net Income of Komatsu, FY2011-FY2018
Revenue Breakdown of Komatsu (by Business), FY2015-FY2018
Revenue Breakdown of Komatsu (by Region), FY2014-FY2018
Revenue Structure of Komatsu’s Construction, Mining and Utility Equipment Business by Region, FY2017-2018
Major Forklifts of Komatsu
Sales of CLARK, 2011-2018
Major Forklifts of CLARK
Global Footprint of CLARK
Major Forklifts of CMHCN
CLARK’s Sales Network in China
Global Operations of Doosan Industrial Vehicle, 2018
Revenue of Doosan Industrial Vehicle, 2011-2018
Revenue and Net Income of Anhui Heli, 2013-2018
Assets and Net Income of Anhui Heli’s Key Subsidiaries, 2017
Operating Revenue Breakdown of Anhui Heli (by Product), 2013-2017
Operating Revenue Structure of Anhui Heli (by Product), 2013-2017
Operating Revenue Breakdown of Anhui Heli (by Region), 2013-2017
Operating Revenue Structure of Anhui Heli (by Region), 2013-2017
Gross Margin of Anhui Heli, 2010-2018
Gross Margin (by Product) of Anhui Heli, 2010-2017
R&D Costs and % of Total Revenue of Anhui Heli, 2013-2018
Output, Sales and Inventory of Anhui Heli’s Main Products, 2014-2017
Revenue and Net Income of Anhui Heli, 2013-2018
Operating Revenue of Hangcha Group by Product, 2013-2018
Operating Revenue of Hangcha Group by Region, 2013-2017
Operating Revenue Structure of Hangcha Group by Region, 2013-2017
Gross Margin of Hangcha Group’s Primary Business, 2013-2018
R&D Costs and % of Total Revenue of Hangcha Group, 2013-2018
Hangcha Group’s Projects with Funds from IPO, 2018
Output, Sales and Sales/Output Ratio of Hangcha Group, 2013-2017
Revenue and Net Income of Anhui VMAX Heavy Industry, 2014-2018
Operating Revenue of Anhui VMAX Heavy Industry by Product, 2014-2018
Operating Revenue of Anhui VMAX Heavy Industry by Region, 2014-2018
Gross Margin of Anhui VMAX Heavy Industry, 2014-2018
Major Overseas Customers of Anhui VMAX Heavy Industry
Anhui VMAX Heavy Industry’s Revenue from Top5 Clients and % of Total Revenue, 2017
R&D Costs and % of Total Revenue of Anhui VMAX Heavy Industry, 2014-2018
Revenue of Lonking (Shanghai) Forklift, 2014-2018
Forklift Sales of Lonking (Shanghai) Forklift, 2010-2018
Revenue and Net Income of Xiamen XGMA Machinery, 2014-2018
Revenue Breakdown of Xiamen XGMA Machinery, 2016-2018
Forklift Sales of Xiamen XGMA Machinery, 2010-2018
Revenue and Net Income of Noblelift, 2013-2018
Operating Revenue of Noblelift (by Product), 2012-2017
Product Output and Sales of Noblelift, 2015-2017
Operating Revenue of Noblelift (by Region), 2012-2017
Revenue and Net Income of Guangxi LiuGong Machinery, 2012-2018
Revenue and Gross Margin of Guangxi LiuGong Machinery by Business, 2016-2018
Operating Revenue of Guangxi LiuGong Machinery by Region, 2012-2018
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, 2011-2018
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, 2010-2018
Development History of EP Equipment
Equity Structure of Anhui Jianghuai-Yinlian Heavy-Duty Construction Machine
Forklift Sales of Anhui Jianghuai-Yinlian Heavy-Duty Construction Machine, 2010-2018
Feature of Lithium-Battery Forklift "Xilin Xiaoli"of Ningbo Ruyi
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, 2010-2018
Sales Volume of Forklift of BYD, 2016-2020E
Global Network of Anhui TEU Forklift
Revenue and Net Income of Zhejiang Jialift Warehouse Equipment, 2014-2018
Operating Revenue of Zhejiang Jialift Warehouse Equipment by Product, 2014-2018
Operating Revenue of Zhejiang Jialift Warehouse Equipment by Region, 2014-2018
Zhejiang Jialift Warehouse Equipment’s Revenue from Top5 Customers and % of Total Revenue, 2016-2018
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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