China Forklift Industry Market Supply and Demand Analysis 2024 The industry is in a basic supply and demand balance state

Through more than 70 years of digestion, introduction and absorption, China's forklift manufacturing industry has formed the current manufacturing production capacity of a full range of products, and has the world's largest manufacturing market.

China's forklift production fluctuates and rises

Through more than 70 years of digestion, introduction and absorption, China's forklift manufacturing industry has formed the current manufacturing production capacity of a full range of products, and has the world's largest manufacturing market.The total output of China's forklift manufacturing industry increased year by year from 2015 to 2018, and was 610,700 units in 2018.Since the beginning of 2019 by the impact of the macro-economic downturn and the friction of international trade, the major enterprises have a positive attitude of expanding their production Lower, the total annual output of 605,200 units in 2019, down 0.9% year-on-year.China's forklift production in 2020 at around 800,000 units, more than 1 million units in 2021, in 2022 at around 1.05 million units, and in 2023 at around 1.17 million units.

Note: In 2020-2023, China Construction Machinery Industry Association Industrial Vehicle Branch only disclosed the total sales data, and the data for 2020-2023 was obtained based on the sales growth rate measurement released by China Construction Machinery Industry Association Industrial Vehicle Branch.

China's forklift sales at record high

From 2015 to 2020, the overall market sales of enterprises in China's forklift industry maintained a growth trend. 2020 benefited from the rapid control of the new crown epidemic in the country, the rapid recovery of the domestic manufacturing industry and the logistics industry, and the rapid growth of the forklift market demand. 2020 saw the sales volume of enterprises in China's forklift manufacturing industry of 802,200 units, a year-on-year increase of 31.5%, exceeding the 800,000-unit mark. 2020. China's forklift sales exceeded 800,000 units, more than 1 million units in 2021, 1,048,000 units in 2022, and reached 1,173,800 units in 2023, a year-on-year growth of 12%.

Supply and demand of forklift trucks in China is in basic balance

Domestic enterprises in the forklift manufacturing industry have made large breakthroughs and progress in the research and development of forklift manufacturing production processes through continuous growth in technological investment, and most of the enterprises have basically formed their own technological development capabilities, and the production capacity has grown rapidly.The domestic forklift manufacturing industry had a large pressure on inventory in 2015-2018, and continued to be in a situation where production was greater than sales.In 2019, in the context of the downward pressure of the macro-economy, trade friction and market competition tends to white-hot background, domestic large forklift manufacturing enterprises began to adjust the layout of production capacity, slow down the expansion of production capacity, while some small and medium-sized enterprises without competitive advantages were eliminated from the market, the supply and demand pattern of the market gradually changed, and the situation of production over sales occurred in 2019. 2020-2023, the industry basically maintains the state of supply and demand balance.