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Market Report on Global and China Forklift Industry [2015-2017]

  • Date Submitted: 12/29/2015 09:57 PM
  • Flesch-Kincaid Score: 42 
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Dec., 30, 2015, Mumbai, India: Market Reports on China presents the report, on “Market Report on Global and China Forklift Industry [2015-2017]”.   However, in recent years, electric forklifts have been growing radically thanks to the demand for energy saving and environmental protection.

With the progress of modern logistics as well as the growth in demand for replacing workforce by machinery, forklifts have become the most widely used tools for handling materials in logistics industry. "http://www.marketreportsonchina.com/industry-mfg-market-research-reports-1351/global-china-forklift.html" In 2014, global forklift sales volume exceeded one million sets for the first time, representing a year-on-year increase of 7.5%; wherein, China sold 360,000 ones, up 9.4% year on year, still ranking first worldwide.

In 2015, European and American forklift markets continue to maintain steady growth. Chinese forklift market has re-entered the adjustment phase since 2012 as the economic slowdown pulls down the demand of traditional industries for forklifts; therefore, the annual sales volume in the country will return to the level in 2013, but it will maintain its position as the world's largest market.

With the development of Chinese forklift market, the forklift product mix also changes. All along, internal combustion forklifts occupy roughly 80% market share in China. However, in recent years, electric forklifts have been growing radically thanks to the demand for energy saving and environmental protection. In 2014, electric forklifts accounted for 30.6% of Chinas forklift sales volume, 3.5 percentage points higher than the previous year, marking the fastest growth in recent years. During 2015, internal combustion forklifts continue to decline, while electric forklifts, especially electric warehouse forklifts, grow significantly at the estimated above 10%.

At the same time, major manufacturers have been intensifying R & D of electric warehouse forklifts and new...

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