Global and Chinese Forklift Industry Report, 2014-2016

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Nov 06, 2014, 07:44 ET

DUBLIN, Nov. 6, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global and Chinese Forklift Industry Report, 2014-2016" report to their offering.

A forklift is a tool that is most widely used to move or lift materials in logistics industry. After a short span of adjustment in 2012, the global forklift industry rebounded in 2013, with the orders exceeding 1 million units for the first time. Moreover, the sales volume surpassed the highest level before the financial crisis. This was mainly attributed to the factors including further development of logistics industry and growth in demand for machinery substituting for manual work.

As the world's largest forklift consumer market, China saw a forklift sales volume of 329,000 units in 2013, up 13.9% from a year earlier, accounting for 33.2% of the global total. Among them, the exported forklifts amounted to 113,000 units, up 15.3% year on year, reaching a record high. In future, China's forklift industry will maintain steady growth. It is projected that by 2015 the forklift sales volume will exceed 400,000 units, and the exports are very likely to approach 150,000 units.

Forklifts primarily fall into two categories: electric forklift and internal combustion forklift (mainly petrol and diesel-powered). Due to the problems of petrol and diesel-powered internal combustion forklifts such as exhaust emissions and noise pollution, electric forklifts have long been widely used in the United States and some European countries, with the market share in Europe close to 80%, nearly 60% in the Americas, but less than 30% in China.

In addition to vigorous development of electric forklifts, new-energy forklifts like natural gas, lithium battery, liquefied petroleum gas, and fuel cell have captured extensive attention and found wide applications over recent years. At present, the companies such as Hyster-Yale, Toyota Industrial Corp, Linde Material Handling, Jungheinrich Group, Anhui Heli, and BYD have launched energy-saving and environmentally friendly forklifts.

For a long time, Toyota Industrial Corp, Kion Group, Jungheinrich Group, Hyster-Yale, and Crown Equipment Corp. have been among the top 5 global forklift enterprises, and this ranking remained unchanged in 2013. In April 2013, Mitsubishi merged with Nichiyu's Forklift Segment, which made the new joint ventureMitsubishi Nichiyu Forklift rank sixth in global forklift industry. Meanwhile, that was followed by UniCarriers jointly established by TCM and Nissan as the 7th player. These enterprises all have set up forklift production bases in China.

Key Topics Covered:

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

Companies Mentioned:

Anhui HeLi Co., Ltd.
Anhui Jianghuai-Yinlian Heavy-Duty Construction Machine Co., Ltd.
CLARK Material Handling International
Chery DETANK Heavy Industry Science & Technology Development Anhui Industrial Vehicle Co., Ltd.
Crown Equipment Corp.
Dalian Forklift Co., Ltd.
Dooan Industrial Vehicle
EP Equipment Co., Ltd.
Guangxi LiuGong Machinery Co., Ltd.
Hangcha Group Co., Ltd.
Hangzhou Good Friend Precision Machinery Co., Ltd.
Hyster-Yale Materials Handling, Inc.
Jiangsu Jingjiang Forklift Truck Co., Ltd.
Jungheinrich Group
Kion Group
Komatsu Ltd.
Lonking (Shanghai) Forklift Co., Ltd.
Mitsubishi Nichiyu Forklift
Ningbo Ruyi Joint Stock Co., Ltd.
Shandong Shantui Machinery Co., Ltd.
Shanghai Hytsu Group
Sino-American-Zhejiang Maximal Foklift Co., Ltd.
Tailift Qingdao Co., Ltd.
Toyota Industrial Corp
UniCarriers Corporation
Wuxi KIPOR Machinery Co., Ltd.
Xiamen XGMA Machinery Co., Ltd.
Zhejiang Goodsense Forklift Co., Ltd.
Zhejiang Noblelift Equipment Joint Stock Co., Ltd.
Zhejiang UN Forklift Co., Ltd.