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China Forklift Manufacturer Rankings 2024
Table of Contents
According to China Forklift Market, China’s total sales of five major categories of forklift trucks reached 1,285,535 units in 2024, marking a 9.52% growth from 2023. Notably, electric forklifts (Categories I–III) accounted for 946,284 units (73.61%), showing an 18.8% year-over-year increase
🥇 Top Manufacturers in Sales Revenue
Rankings are based on annual sales revenue of industrial vehicle manufacturers (excluding semi-electric stackers and manual pallet trucks). Export percentages are categorized (A–E).
Top companies by revenue in 2024 include:
HANGCHA Group – Leading in both electric and industrial vehicles
HELIPRCO (Anhui Heli) – Prominent export brand with strong domestic presence
Linde (China) – A global brand with high-quality electric forklift lines
Lonking – Major engineering machinery and forklift OEM
NOBLELIFT – Specialized in warehouse handling vehicles
KION Group (Jungheinrich), Toyota Forklifts, Hyster-Yale, and BYD also ranked among the top sellers .
🔋 Electric vs. Internal Combustion Breakdown
Total forklift sales: 1.285 million units, of which:
Electric forklifts (Categories I–III): 946,284 units (+18.8%)
Internal combustion forklifts (Categories IV–V): 339,251 units (-10.1%)
Domestic vs. export split:
Domestic sales: 805,021 units (+4.8%)
Exports: 480,514 units (+18.5%), led by fast-growing electric forklift exports (+25.5%)
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📈 Industry Trends & Insights
Electric forklifts now dominate the market, making up nearly 74% share, driven by efficiency, lower maintenance, and reduced emissions.
Top manufacturers excel in battery technology—including advanced forklift truck batteries—smart energy systems, and after-sales networks.
Export growth reflects competitiveness in pricing, quality, and market demand for electric models abroad .
✅ Conclusion
Leading OEMs like HANGCHA, HELI, and Linde consistently rank top in revenue and volume.
Electric forklifts are now the dominant powertrain, supported by improved forklift truck batteries systems and strong export performance.
These manufacturers’ leadership in battery tech, power management, and EV solutions ensures they will stay at the forefront.
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