Industrial Vehicle Market Expects 5% Growth in 2013

According to statistics from the Industrial Vehicles Branch of the China Construction Machinery Industry Association, in 2012, a total of 288,662 units were sold by mobile industrial vehicle manufacturing companies, a decrease of 7% compared with 310,189 units in the same period of 2011, and non-motorized industrial vehicle sales were 15,640,660 units. The number of 16,860,31 units in the same period in 2011 also fell by 7%.

In 2012, the sales of motorized industrial vehicles in each month were as follows: In 2012, a total of 208,629 sets of internal-combustion-balanced heavy-lift trucks were sold, which was a decrease of 9.17% compared with 229,691 units in the same period of 2011. The number of electric forklifts (including electric counterbalanced heavy-duty forklifts and various types of electric storage forklifts) was 80033 units, which was a decrease of 0.58% compared with 80498 units in the same period of 2011. The number of electric warehouse forklifts was 50,124 units, which was a decrease of 0.76% compared with 50,508 units in the same period of 2011.

In the domestic market, a total of 212,958 mobile industrial vehicles were sold in the year, an increase of 9.04% compared with 234,115 in 2011.

In 2012, the number of motorized industrial vehicles exported was 75,704, a decrease of 0.5% compared with 76,074 units in 2011; among them, 29,892 were exported to electric forklifts, which was a decrease of 0.77% compared with the export volume of 32,379 units in 2011; the internal combustion forklift The number of exports (including container forklift trucks) was 45,812, an increase of 4.84% compared with the export volume of 43,695 units in 2011.

The overall decline in the sales of industrial vehicles in 2012 was mainly due to the slowdown in domestic economic development leading to a drop in demand. The economic recovery rate of the world's major economies was slow. The developing countries with strong demand in the previous two years also entered the adjustment period. These causes caused Domestic market and export pressures. It is expected that domestic and international demand for orders will improve in 2013. The growth of the industrial vehicle market will be around 5%, and the overall performance will show a steady and slowly rising trend.