With the rapid development of modern industry, the demand for various construction machinery products and supporting infrastructure is constantly increasing. Due to the wide range of use of forklifts, their market penetration rate has gradually increased in recent years, driving large-scale growth in the global forklift manufacturing industry. From the perspective of the industrial chain, the upstream of the forklift manufacturing industry is the steel industry and the production of components such as power generators, motors, and batteries; The midstream is the manufacturing of forklift trucks; Downstream are the application scenarios of forklifts, including logistics warehousing, transportation, wholesale and retail industries, and industrial manufacturing.

In the global forklift manufacturing industry segment market, the sales proportion of internal combustion balanced weight forklifts ranks first. According to research statistics, their market share at the end of 2021 was about 37%; Secondly, the sales of electric walking storage forklifts and electric balanced passenger driving forklifts account for 29% and 14% respectively in the segmented market; The sales of low-end electric walking pallet trucks and electric passenger storage trucks are slightly lower, accounting for 12% and 8% respectively. After entering the 21st century, the global forklift manufacturing industry has gradually entered a golden period of development.