China Post Securities: The global forklift market is improving, and unmanned forklifts are quickly increasing in volume.

Postal Securities released a research report stating that the global forklift market is showing a steady growth trend, with shipments expected to exceed 2.13 million units in 2023, a year-on-year increase of 6.54%; and shipments in Q1-Q3 of 2024 are expected to exceed 1.65 million units, a year-on-year increase of 3.75%. Unmanned forklifts, as intelligent industrial vehicle robots, are expected to bring new growth points. It is recommended to focus on Hangcha Group and Anhui Heli, two leading forklift companies that have been deeply involved in the forklift industry for many years and have already established a relatively complete brand matrix, actively deploying overseas channels and intelligent logistics. Also, pay attention to Noblelift, a company with an increasingly mature large forklift layout, and Zhongli Shares, a newly listed company specializing in electric forklifts.