Global Forklift Market 2017-2020 Forecasts Research Reports

Jan 25, 2016, 11:45 ET from RnR Market Research

PUNE, India, January 25, 2016 /PRNewswire/ -- adds "Global and China Forklift Industry Report, 2015-2017" and "Global Forklifts Industry 2015 Market Research Report" with 2017 and 2020 forecasts data and information to its online business intelligence library.

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. 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. Complete report of 138 pages is available at .

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 China's 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%. Key Global Forklift Manufacturers involved in this research are Toyota Industrial Corp, Kion Group, Jungheinrich Group, Hyster-Yale Materials Handling, Inc., Crown Equipment Corp., Mitsubishi Nichiyu Forklift, UniCarriers Corporation, Komatsu Ltd. and CLARK Material Handling International.

Key China Forklift Manufacturers involved in this research are Anhui HeLi Co., Ltd., Hangcha Group Co., Ltd., Lonking (Shanghai) Forklift Co., Ltd., Tailift Qingdao Co., Ltd., Guangxi LiuGong Machinery Co., Ltd., Sino-American-Zhejiang Maximal Foklift Co., Ltd., EP Equipment Co., Ltd., Anhui Jianghuai-Yinlian Heavy-Duty Construction Machine Co., Ltd., Dalian Forklift Co., Ltd., Ningbo Ruyi Joint Stock Co., Ltd, Zhejiang Goodsense Forklift Co., Ltd., Zhejiang Noblelift Equipment Joint Stock Co., Ltd., Zoomlion Anhui Industrial Vehicles Co., Ltd., Anhui Hecha Forklift Co., Ltd., Hyundai (Beijing) Construction Machinery Co., Ltd., Xiamen XGMA Machinery Co., Ltd., BYD Forklift (Shaoguan) Co., Ltd, Anhui TEU Forklift Co., Ltd. and Shandong Shantui Machinery Co., Ltd. Purchase a copy of Global and China Forklift Industry Report, 2015-2017 at .

At the same time, major manufacturers have been intensifying R & D of electric warehouse forklifts and new energy forklifts, like HeLi develops LNG and LPG internal combustion forklifts; BYD researches lithium battery forklifts; EP Equipment, Noblelift and Ruyi develop electric warehouse vehicles.

Regarding enterprises, domestic brands seize approximately 80% market share, of which Anhui HeLi and Hangcha hold about 45%. In foreign brands, Kion Group enjoys the highest share, with 6.3% in 2014. In addition, Toyota, Mitsubishi Nichiyu Forklift and UniCarriers also act as major players.

In recent years, China's manufacturing industry has stepped into the transition phase. On the one hand, forklift companies speed up the upgrading of their product structure and gradually transfer to the medium-end economical forklift market; on the other hand, they enhance competitiveness through mergers and acquisitions and other means. For instance, UniCarriers obtained 70% stake in Anhui Hecha; TICO acquired Tailift's forklift business. In the next five to ten years, mergers and acquisitions in the forklift industry or across industries will continue to occur.

On Similar lines, another research titled Global Forklifts Industry 2015 Market Research Report is a professional and in-depth study on the current state of the Forklifts industry. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins. The report focuses on global major leading industry players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. With 190 tables and figures the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Companies included in this research are Toyota Industries, Kion Group, Jungheinrich AG, Hyster-Yale Materials Handling, Crown Equipment Corporation, Unicarriers Americas Corporation, komatsu, Caterpillar, Clark Material Handling, Doosan Industrial Vehicle Co., Ltd, Tailift Co., Ltd, Combilift, HUBTEX, Hytsu Forklift and Godrej Boyce Manufacturing Company. Order a copy of this Global Forklifts Industry 2015 Market Research Report at .

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