Global and China Forklift Industry Report, 2016-2020

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Date: 29-Dec-2016
No. of pages: 156
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Global forklift market has continued to grow since 2013 with sales exceeding 1 million units for the first time in 2014 and reaching 1.064 million units in 2015 (up 3.5% year on year), largely driven by the growth in U.S. and European markets. Ever-increasing demand for logistics storage all over the world will boost forklift sales which are expected to surpass 1.10 million units in 2016 and approach 1.30 million units in 2020.

The Chinese forklift market, the largest one in the world, slipped once again into the stage of adjustment in 2015 after 2009 & 2012, with full-year sales declining by 8.9% to 327,626 units. The market started picking up in the second quarter of 2016 and is expected to record the highest level ever of nearly 360,000 units for the full year. Due to the mixed effect of weak demand from traditional industries caused by slower growth of China’s economy and a surge in demand from logistics warehouse industry, the Chinese forklift market will move into the stage of low-speed growth and structural adjustment.

From the perspective of market structure, the most striking feature in 2015 is that electric forklift bucked the trend with a year-on-year increase of 9.0% in full-year sales, compared with a 13.8% year-over-year decline for internal combustion forklift, indicating the golden age of internal combustion forklift is coming to an end and the platinum age of electric forklift is around the corner. It is expected the proportion of electric forklift sales will rise from 36.7% in 2015 to around 43.0% in 2020.

In electric forklift segment, electric warehousing forklift performed best with sales going up 20.1% from a year ago to 81,951 units in 2015 and expected to be close to 100,000 units in 2016. As the logistics distribution network continues to expand, the demand for electric warehousing forklift will rise further, remaining the model enjoying the highest growth in the future.

In addition, as emission standards and environmental requirements become more stringent, new energy forklifts and clean alternative fuel forklifts represented by lithium-battery forklift will soon move into high gear.

Major global forklift suppliers include Toyota, Kion, Jungheinrich, Hystere-Yale, Crown Equipment, Mitsubishi Nichiyu Forklift, etc. Due to international economic slowdown, the world’s forklift companies have accelerated resource integration via mergers and restructuring, typically the acquisition of UniCarriers by Mitsubishi Heavy Industries and Mitsubishi Nichiyu Forklift.

Anhui Forklift Group and Dalian Forklift Group are the two forklift giants in China, holding a combined 43.2% market share in 2015 and an estimated 45% or so in 2016. As market competition intensifies, the forklift industry in China will no longer see a tangled rivalry among more than a hundred players but gradual concentration to leading companies.

Moreover, as forklift market matures, forklift aftermarket represented by forklift rental, used forklift transaction, forklift repair &maintenance services and forklift parts marketing heats up. Anhui HeLi, Linde (China) Forklift Truck, Liugong Forklift, Tailift, Lonking (Shanghai) Forklift, and Zhejiang Goodsense Forklift have got involved in the aftermarket in recent years. In 2015, Anhui HeLi and Jungheinrich co-founded Jungheinrich HeLi Industrial Vehicle Rental Co., Ltd. which is committed to developing whole-series forklift rental business in China and aims to launch 6,000 units in 2017.

Global and China Forklift Industry Report, 2016-2020 highlights the following:


  • Global forklift market (status quo, development in major countries including U.S. and Japan, global top 20 companies);

  • Forklift manufacturers, output, sales volume & distribution, import & export, etc. in China;

  • Forklift segments in China (electric/internal combustion/new energy/alternative fuel forklifts) (market status, major companies, development trends);

  • Product/regional/enterprise competitive landscape in the Chinese forklift market;

  • Status quo and trends of the Chinese forklift aftermarket;

  • 10 major global and 30 Chinese companies (operation and forklift business);

  • Summary and trend forecast of forklift industry in China.

Global and China Forklift Industry Report, 2016-2020

Table of Contents

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 Chinese Forklift Market
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

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 Competitive Landscape of Chinese Forklift Market
5.1 Product
5.2 Enterprise
5.3 Region

6 Major Global Forklift Companies
6.1 Toyota Industries Corp
6.1.1 Profile
6.1.2 Operation
6.1.3 Forklift Business
6.1.4 Forklift Business in China
6.1.5 2016 Plan for Forklift Business
6.2 Kion Group
6.2.1 Profile
6.2.2 Operation
6.2.3 Forklift Business
6.2.4 Forklift Business in China
6.2.5 Development Strategy
6.3 Jungheinrich Group
6.3.1 Profile
6.3.2 Operation
6.3.3 Forklift Business
6.3.4 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 Hyster-Yale Materials Handling, Inc
6.5.1 Profile
6.5.2 Operation
6.5.3 Forklift Business
6.5.4 Forklift Business in China
6.6 Mitsubishi Nichiyu Forklift
6.6.1 Profile
6.6.2 Operation
6.6.3 Forklift Business in China
6.7 UniCarriers Corporation
6.7.1 Profile
6.7.2 Operation
6.7.3 Forklift Business in China
6.8 Komatsu Ltd.
6.8.1 Profile
6.8.2 Operation
6.8.3 Forklift Business
6.9 CLARK Material Handling International
6.9.1 Profile
6.9.2 Operation
6.9.3 Forklift Business in China
6.10 Dooan Industrial Vehicle
6.10.1 Profile
6.10.2 Operation
6.10.3 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 Capability
7.1.6 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 Major Customers
7.2.6 Development Strategy
7.3 Lonking (Shanghai) Forklift Co., Ltd.
7.3.1 Profile
7.3.2 Operation
7.3.3 R&D
7.4 Tailift Machinery & Equipment (Qingdao) Co., Ltd.
7.4.1 Profile
7.4.2 Operation
7.5 Guangxi LiuGong Machinery Co., Ltd
7.5.1 Profile
7.5.2 Operation
7.5.3 Forklift Business
7.6 Zhejiang Maximal Foklift Co., Ltd.
7.6.1 Profile
7.6.2 Operation
7.6.3 R&D
7.7 EP Equipment Co., Ltd.
7.7.1 Profile
7.7.2 Operation
7.7.3 R&D
7.8 Anhui Jianghuai-Yinlian Heavy-Duty Construction Machine Co., Ltd.
7.8.1 Profile
7.8.2 Operation
7.8.3 R&D Capability
7.9 Ningbo Ruyi Joint Stock Co., Ltd.
7.9.1 Profile
7.9.2 Operation
7.10 Zhejiang Noblelift Equipment Joint Stock Co., Ltd.
7.10.1 Profile
7.10.2 Operation
7.10.3 Development Strategy
7.11 Zhejiang Goodsense Forklift Co., Ltd.
7.11.1 Profile
7.11.2 Operation
7.11.3 R&D
7.12 Zoomlion Anhui Industrial Vehicle Co., Ltd.
7.12.1 Profile
7.12.2 Operation
7.12.3 Development Strategy
7.13 Dalian Forklift Co., Ltd.
7.13.1 Profile
7.13.2 Operation
7.13.3 R&D
7.14 BYD Forklift (Shaoguan) Co., Ltd
7.14.1 Profile
7.14.2 Operation
7.14.3 R&D
7.15 Shandong Volin Heavy Industry Machinery Co., Ltd. (Former Shandong Shantui Machinery Co., Ltd.)
7.15.1 Profile
7.15.2 Operation
7.15.3 R&D
7.16 Anhui TEU Forklift Co., Ltd.
7.16.1 Profile
7.16.2 Operation
7.17 Beijing Hyundai Jingcheng Construction Machinery Co., Ltd.
7.17.1 Profile
7.17.2 Operation
7.18 Xiamen XGMA Machinery Co., Ltd.
7.18.1 Profile
7.18.2 Operation
7.18.3 Forklift Business
7.19 Others
7.19.1 Hangzhou Good Friend Precision Machinery Co., Ltd.
7.19.2 Jiangsu Jingjiang Forklift Truck Co., Ltd.
7.19.3 Vita-Wheel Holdings Ltd.
7.19.4 Shandong Leiming Heavy Industry Co., Ltd.
7.19.5 Hefei Banyitong Science & Technology Development Co., Ltd
7.19.6 Zhejiang UN Forklift Co., Ltd.
7.19.7 Suzhou Pioneer Material Handling Equipment & Technology Co., Ltd.
7.19.8 Zhejiang Huahe Forklift Co., Ltd.
7.19.9 YTO (Luoyang) Transportation Machinery CO., Ltd.
7.19.10 Zhejiang Jialift Warehouse Equipment Co., Ltd.
7.19.11 Shandong WeCan Technology Co., Ltd.
7.19.12 Wuxi KIPOR Machinery Co., Ltd.

8 Chinese Forklift Aftermarket
8.1 Overview
8.2 Forklift Rental
8.3 Others
8.3.1 Used Forklift
8.3.2 Supporting

9 Summary and Forecast
9.1 Market
9.2 Enterprise

List of Charts

Characteristics of All Sorts of Forklifts
Composite Price Index of Steel in China, 2013-2016
Distribution of Forklift Downstream Sectors, 2015
Global Forklift Orders and YoY Growth, 2009-2020E
Global Forklift Orders (by Region), 2014-2015
Global Forklift Orders (by Product), 2009-2015
Global Forklift Sales Volume and YoY Growth, 2009-2020E
Global Forklift Sales Volume (by Region), 2010-2016
Global Forklift Sales Volume (by Product), 2010-2016
World’s Top 15 Countries by Forklift Sales Volume, Jan-Sept 2016
USA’s Forklift Sales Volume as a Percentage of Global Total, 2009-2016
Forklift Sales Volume (by Product) in the United States, 2009-2016
Forklift Output (by Product) in Japan, 2009-2016
Domestic Sales Volume of Forklifts (by Product) in Japan, 2009-2016
Export Volume of Forklifts (by Product) in Japan, 2009-2016
Top 20 Forklift Companies in the World, 2015
China’s Forklift Sales Volume as a Percentage of Global Total, 2008-2020E
China’s Forklift Export Volume as a Percentage of Total Sales Volume, 2009-2020E
List of Leading Forklift Manufacturers in China
Top 40 Chinese Forklift Enterprises, 2015
Forklift Output in China, 2009-2016
Forklift Output (by Product) in China, 2011-2016
Total Sales Volume and YoY Growth of Forklifts in China, 2005-2020E
China’s Domestic Sales Volume of Forklifts as a Percentage of Total Sales Volume, 2009-2020E
Forklift Sales Volume (by Product) in China, 2010-2016
Total Sales Volume of Forklifts (by Type of Enterprise) in China, 2014-2016
Total Sales Volume of Forklifts (by Province/Municipality) in China, 2015-2016
Import Volume of Forklifts in China, 2009-2016
Import Volume of Forklifts (by Product) in China, 2009-2016
Top 10 Import Origins of Forklifts (by Product) in China, 2015
Average Price of Forklift Imports (by Product) in China, 2009-2016
Export Volume of Forklifts in China, 2009-2016
Export Volume of Forklifts (by Product) in China, 2009-2016
Top 10 Export Destinations of Forklifts (by Product) in China, 2015
Average Price of Forklift Exports (by Product) in China, 2009-2016
Sales Volume of Internal Combustion Counterbalance Forklifts in China, 2008-2020E
Sales Volume of Internal Combustion Forklifts (by Fuel Type) in China, 2014-2016
Sales Proportions of Internal Combustion Forklifts (by Tonnage) in China, 2015
Top 5 Companies by Sales Volume of Internal Combustion Counterbalanced Riding-type Forklifts in China, 2011-2015
Sales Volume of Electric Forklifts in China, 2008-2020E
Key Manufacturers of Batteries for Electric Forklift in China
Battery Suppliers for Major Overseas Forklift Manufacturers
Sales Volume of Electric Warehousing Forklifts in China, 2008-2020E
Sales Proportions of Electric Warehousing Forklifts and Counterbalanced Forklifts in Top 10 Forklift Countries in the World, 2015
Top 6 Companies by Sales Volume of Electric Counterbalance Riding-type Forklift and Electric Warehousing Forklift in China, 2015
Research and Production 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
Sales Proportions of Electric Forklifts and Internal Combustion Counterbalanced Forklifts in China, 2009-2020E
Structure of Forklift Sales Volume (by Product) in Major Regions Worldwide, 2016H1
Concentration (by Sales Volume) of Chinese Forklift Market, 2015
Competitive Landscape of Chinese Forklift Market, 2015
Market Shares of China’s Two Largest Forklift Groups, 2009-2016
Subsidiaries of Major Overseas Forklift Companies in China, 2016
Top 10 Provinces/Municipalities by Forklift Sales Volume (by Product) in China, 2016H1
Revenue and Net Income of Toyota, FY2010-FY2017
Revenue Breakdown of Toyota (by Business), FY2010-FY2017
Big Events of Toyota’s Forklift Operations
Forklift Operations of Toyota Worldwide
Forklift Sales Volume of Toyota, FY2010-FY2017
Forklift Sales Volume of Toyota (by Region), FY2010-FY2017
Key Forklift Companies of Toyota in China
Marketing Network of Toyota (Shanghai)
Equity Structure of Kion Group, 2016
Development History of Kion Group
Products and Services of Kion Group
Market Share of Kion Group (by Business)
Key Financials of Kion Group, 2011-2016
Revenue Breakdown of Kion Group (by Business), 2013-2016
Revenue Breakdown of Kion Group (by Product), 2013-2016
Revenue Breakdown of Kion Group (by Region), 2013-2016
Forklift Series of Kion Group
Forklift Manufacturing Bases of Kion Group in the World, 2015
Global Forklift Marketing Network of Kion Group, 2016
Forklift Orders of Kion Group (by Model), 2015
Forklift Companies of Kion Group in China
Marketing Network of Linde (China) Forklift Truck in China
Kion Group’s Strategy for 2020
Dematic’s Revenue and Global Network, FY2014-FY2016
Global Network of Jungheinrich Group
Key Financials of Jungheinrich Group, 2009-2016
Revenue Breakdown of Jungheinrich Group (by Region), 2010-2015
Revenue Breakdown of Jungheinrich Group (by Business), 2013-2016
Growth Strategy of Jungheinrich Group
Distribution of Jungheinrich Group’s Plants Worldwide, 2016
Forklift Output of Jungheinrich Group, 2008-2016
Forklift Output of Jungheinrich Group’s Qingpu Plant, 2014-2016
Global Operations of Crown Equipment Corp., 2015
Revenue of Crown Equipment Corp., 2010-2016
Global Operations of Hyster-Yale
Revenue and Net Income of Hyster-Yale, 2009-2016
Revenue Breakdown of Hyster-Yale (by Region), 2010-2016
Forklift Series of Hyster-Yale
Production and Sales Bases of Hyster-Yale, 2015
Forklift Shipment of Hyster-Yale, 2009-2016
Forklift Revenue of Hyster-Yale (by Region), 2011-2016
Forklift Revenue of Hyster-Yale (by Model/Applied Market), 2015
Major Forklift Customers of Hyster-Yale
Production and Sales Bases of Mitsubishi Nichiyu Forklift
Revenue and Net Income of Mitsubishi Nichiyu Forklift, FY2011-FY2016
Revenue Structure of Mitsubishi Nichiyu Forklift (by Region), FY2015
Companies of Mitsubishi Nichiyu Forklift in China, 2015
Forklifts of UniCarriers
Development History of UniCarriers, 2011-2015
Key Financials of UniCarriers, FY2013-FY2015
Major Products of Komatsu
Revenue and Net Income of Komatsu, FY2009-FY2016
Revenue Breakdown of Komatsu (by Business), FY2009-FY2016
Revenue Breakdown of Komatsu (by Region), FY2014-FY2016H1
Main Manufacturing Bases and Modes of Komatsu’s Construction and Mining Equipment Business
Revenue Structure (by Region) of Komatsu’s Construction, Mining and Utility Equipment Business, FY2015
Major Forklifts of Komatsu
Major Forklifts of CLARK
Global Footprint of CLARK
Revenue of CLARK, 2011-2016
Development History of Dooan Industrial Vehicle, 2011-2016
Global Operations of Dooan Industrial Vehicle, 2016
Revenue of Dooan Industrial Vehicle, 2011-2016
Forklift Companies of Dooan Industrial Vehicle in China
Revenue and Net Income of Anhui Heli, 2009-2016
Production and Sales Volume of Major Products of Anhui Heli, 2014-2016
Operating Revenue Breakdown of Anhui Heli (by Product), 2009-2016
Operating Revenue Breakdown of Anhui Heli (by Region), 2010-2016
Gross Margin of Anhui Heli, 2009-2016
Gross Margin (by Product) of Anhui Heli, 2009-2016
R&D Expenses of Anhui Heli, 2012-2016
Production Capacity of Hangcha Group (by Product), 2011-2016
Revenue and Net Income of Hangcha Group, 2013-2016
Forklift (by Product) Sales Volume of Hangcha Group, 2011-2016
Operating Revenue Structure of Hangcha Group (by Product), 2013-2016
Gross Margin of Hangcha Group (by Product), 2013-2016
Hangcha Group’s Revenue from Top 5 Clients and % of Total Revenue, 2013-2016
Construction Projects with Raised Funds of Hangcha Group
Forklift Sales Volume of Lonking (Shanghai) Forklift, 2010-2016
Revenue of Lonking (Shanghai) Forklift, 2013-2016
Production Distribution of Tailift Machinery & Equipment (Qingdao)
Revenue and Net Income of Guangxi LiuGong Machinery, 2011-2016
Operating Revenue of Guangxi LiuGong Machinery (by Region), 2011-2016
Major Forklifts of Guangxi LiuGong Machinery
Forklift Manufacturing Bases of Guangxi LiuGong Machinery
Forklift Business Development Course of Guangxi LiuGong Machinery
Forklift Sales Volume and Revenue of Guangxi LiuGong Machinery, 2011-2016
Sales Volume and Revenue of Sino-American-Zhejiang Maximal Forklift, 2010-2016
Development History of EP Equipment
Forklift Sales Volume of Anhui Jianghuai-Yinlian Heavy-duty Construction Machine, 2010-2016
Domestic Marketing Network of Anhui Jianghuai-Yinlian Heavy-duty Construction Machine
Revenue and Net Income of Zhejiang Noblelift Equipment, 2011-2016
Operating Revenue of Zhejiang Noblelift Equipment (by Product), 2012-2016
Operating Revenue of Zhejiang Noblelift Equipment (by Region), 2011-2016
Progress of the Projects with Raised Funds of Zhejiang Noblelift Equipment, 2016
Revenue of Wuxi Zhongding, 2014-2020E
New Products of Zhejiang Goodsense Forklift, 2014-2016
Forklift Marketing Network of Zoomlion Anhui Industrial Vehicle
Forklift Sales Volume of Dalian Forklift, 2009-2016
Global Outlets of Anhui TEU Forklift
Marketing Network of Beijing Hyundai Jingcheng Construction Machinery
Revenue and Net Income of Xiamen XGMA Machinery, 2011-2016
Forklift Sales Volume of Xiamen XGMA Machinery, 2009-2016
Revenue and Net Income of Zhejiang Jialift Warehouse Equipment, 2013-2016
Ownership of Forklifts in Chinese Market, 2012-2018E
Forklift Leases in China, 2013-2020E
Main Forklift Leasing Companies and Brands Used in China
Total Sales Volume and YoY Growth of Forklifts in China, 2014-2020E
World’s Top 10 Forklift Companies by Revenue, 2015
World’s Top 5 Forklift Companies by Sales Volume, 2015
M&As of Major Forklift Companies in the World, 2015-2016
Market Share of Major Forklift Enterprises in China, 2015

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