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Analysis of the forklift market in 2017: Sales of nearly 500 thousand sets of new highs

Jan 23, 2018

2017 is the industrial vehicle industry, the future success of the year, throughout the year in the industry manufacturers, suppliers, distributors and service providers such as the joint efforts of all parties, motor vehicle industry both domestic and export a new record high, forklift sales close to 500 thousand to achieve high growth is rare in recent years, the world's first rose phenomenon. Global forklift total sales reached a record 1 million 300 thousand units, for the first time exceeded 1 million units in 2014, the year of global forklift sales reached 1 million 69 thousand units, for the first time exceeded one million units, reaching the highest level in history.


According to statistics, Chinese Association of mechanical engineering industrial vehicle branch in 2017, Chinese industrial vehicles made remarkable achievements in the world at the same time, the global forklift sales hit a record high, more than 1 million 300 thousand forklifts, 16.2% more than last year, is expected to Chinese forklift (including exports) annual output reached 480 thousand units, even exceeded 500 thousand vehicles, growth 30% more than 370 thousand cars in 2016.  Domestic forklift sales (excluding exports) reached 360 thousand, up 34.3% from 268 thousand in 2016.



With the steady growth of the domestic macro-economy, the state has implemented a proactive fiscal policy, and the infrastructure construction has maintained a relatively high growth rate, which has accelerated the growth of the forklift industry. According to the statistical data, the cumulative sales of 455777 forklift trucks in 2017 from 1 to November were increased by 118782 units over the same period, with an increase of 35.2% over the same period. Among them, the total number of domestic enterprises sold 399021 units, up 39.6% from the same period, and the total sales of foreign companies were 56756, up 10.9%.



From 2017 to November, electric forklift sales totaled 183797 units, an increase of 56619 compared with the same period last year, an increase of 44.5%, an electric forklift truck accounted for 40.33%, and the internal combustion forklift sales totaled 271980 units, an increase of 62163 compared to the same period last year, an increase of 29.6%.



On the export side, 1 to 11 forklift trucks were exported to 113342, accounting for 24.9% of the total sales volume, and increased by 20319 over the same period, and increased by 21.8%. Except for the year on year reduction of 748 units in May and 7.81% from the same year last year, the growth trend was held in the other months.


The total number of electric forklift trucks exported to 66108 units increased by 14359 compared with the same period, an increase of 27.7%. The total export of electric forklift accounted for 58.3%, and the total value of internal combustion forklift exported to 47234 units increased by 5960 compared to the same period last year, an increase of 14.4%.


With The Belt and Road capacity and international cooperation, China manufacturing 2025 and a series of policies, Chinese economy steady progress, steady to good posture to consolidate. In 2017, the production and marketing of forklift trucks have achieved quite excellent results. With the continuous expansion of the application field of forklift, there is still a lot of space to develop in the future. Opportunities and challenges coexist. At present, the AQSIQ and the Ministry of environmental protection have introduced and implemented more stringent safety supervision regulations and new environmental protection policies for forklift industry, which has had a series of effects on the production, sale and use of forklift trucks. The manufacturing enterprises must focus on the policies and regulations, continue to pursue technological innovation, improve the quality of the products, and realize their own leap forward development, so that they can be invincible.