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2022 China forklift manufacturing industry market status and development trend analysis, the sales volume of electric forklift accounts for up to 60%.

Jun 09, 2022

The sales volume of forklift trucks in China exceeded 1million

From 2015 to 2021, the sales volume of forklift trucks in China increased year by year. From 2020 to 2021, the sales volume of forklift trucks in China increased by more than 30% thanks to the good control of the domestic COVID-19 and the rapid recovery of the manufacturing and logistics industries. In 2021, the sales volume of forklift trucks in China exceeded 1million, an increase of about 37% compared with 2020.

Forklift truck export sales accounted for about 29%

In 2021, the export volume of forklift trucks in China exceeded 300000, a record high, with a year-on-year increase of 74%; It accounts for about 29% of the total sales volume of forklift trucks in China, an increase of 6% over 2020. The export market of forklift trucks has a strong growth.

The sales volume of electric forklift accounts for 60%

From 2016 to 2021, the proportion of sales of electric forklifts by Chinese forklift manufacturers increased year by year, from 38.2% in 2016 to 60% in 2021. Driven by the policy of "carbon peaking and carbon neutralization", the substitution trend of new energy products in the forklift industry is obvious.

From the specific sales volume of electric forklifts, the national sales volume of electric forklifts increased from 140000 in 2016 to about 660000 in 2021, with an average annual compound growth rate of 36%. In recent years, the growth rate of the national sales volume of electric forklifts has exceeded the overall growth rate of the forklift sales market.

According to the breakdown types of electric forklifts, the sales volume of electric storage forklifts accounts for the main share. In 2021, the sales volume of electric walking storage forklifts (Class III) in China exceeded 500000, accounting for 81%, 2% higher than that in 2020; Secondly, the sales volume of electric balance weight passenger forklift (class I) accounts for about 17%, and the sales volume of electric passenger storage forklift (class II) accounts for about 2%.