1. Chinese forklifts are developing rapidly

        Although domestic forklift production starts later than foreign countries, Western technology is higher than domestic ones, but the product series is relatively comprehensive. Since the 1980s, through the introduction of TCM, Mitsubishi and Nissan (Nissan) technology, China's forklift design and manufacturing technology has developed rapidly. At present, the design technology of the whole machine is close to the international frontier level, but there is still a big gap in the design and manufacturing level of key components such as engines. Since the 1990s, there have been more than 250 forklift manufacturers around the world. The main countries are Germany, Japan, the United States, Bulgaria and Sweden, and Asia is mainly Japan, South Korea and China. According to statistics, the global sales of forklifts increased from 824,100 units in 2006 to 1,333,800 units in 2017, with an annual compound growth rate of 5%, which is one of the most complex mechanical equipment in the past decade. China's forklift sales volume has grown at a compound annual rate of 15%, and sales in the 18-year period are expected to exceed 580,000 units. In 2006, it was 111.6 million units, and in 2017, it was 496,700 units. It is estimated that the total sales volume in 2008 will exceed 580,000 units, and the annual compound growth rate will be 15%, which has achieved a huge leap in the industry.

                                            China and the world's forklift sales volume

2. The penetration rate of electric forks is improved, and the export market is promising.

       Internal combustion forklifts and electric forklifts have their own advantages and disadvantages. In recent years, with the increasing attention to environmental protection and energy conservation, the optimization of the market structure of forklift sales in China has accelerated, and the penetration rate of electric forklifts has been continuously improved. In 2017, the total sales volume of electric forklifts was 203,700 units, a year-on-year increase of 43.90%, of which 73,806 units were exported, up 29.13% year-on-year. The electric forklift has a penetration rate of 41%, and the balance weight has exceeded 50,000 units in 17 years. In 2017, the sales volume of electric balance heavy-duty forklift trucks was 52,900 units, an increase of 32.41% year-on-year. Among them, domestic sales volume was 43525 units, up 34.13% year-on-year, and export sales were 9421 units, up 25.05% year-on-year. The balance heavy tonnage is large, and the unit price is also high. The general 5T electric balance weight is priced at more than 200,000 yuan. Electric walking storage forklifts grew fastest, up 51% year-on-year in 17 years. In 2017, the sales volume of electric walking storage forklifts was 140,500 units, a year-on-year increase of 50.93%. Among them, the export sales volume was 61,941 units, an increase of 29.94%.

     The international status of domestic forklift truck brands has gradually increased, and the export potential of Southeast Asia and other countries is huge. With the continuous improvement of the technical level of domestic forklift manufacturers, the popularity and recognition of domestic brands have increased significantly in the world in recent years, and exports have become an extremely important factor driving the demand for forklifts in China.

                               Forklift exports

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