Global Trends in Forklifts with Electric Power

The global electric forklift market demand is growing, thanks to rising environmental awareness, technological advancements, and the rapid development of the global logistics industry. The following is a brief analysis of the international electric forklift market demand:

Market growth: the global electric forklift market size is continuing to expand. global sales of electric forklifts were 1.334 million units in 2021, a year-on-year increase of 31.8%, showing strong growth momentum

Environmental Trend: The global electric forklift market continues to expand.

Environmental protection trend: under the background of “carbon neutral” and “carbon peak”, the global demand for environmental protection is getting higher and higher, and electric forklift, as a kind of low-carbon and environmentally friendly material handling equipment, is getting more and more favored by the market.

The electric forklift, as a kind of low-carbon and environmental protection material handling equipment, is more and more popular in the market.

Technological progress: the development of battery, motor and electronic control technology has significantly improved the performance of electric forklift, especially in the field of lithium forklift, its sales growth is rapid, in 2021, China's lithium forklift sales increased by 106.2% year on year.

In 2021, China's lithium forklift sales increased 106.2% year on year.

Expansion of application fields: electric forklifts are not only applied in traditional logistics and warehousing fields, but also widely used in manufacturing, food and beverage, wholesale and retail, and other industries, driving the growth of market demand.

Export growth: China as the largest electric forklift manufacturer in the world

Export growth: China, as one of the major producers of electric forklifts, is also experiencing rapid growth in its export volume. 545,100 electric forklifts were exported from China in 2022, a year-on-year increase of 33.7%, showing the competitiveness of China's electric forklifts in the global market

The

Market Potential: Although the global electric forklift market has achieved significant growth, compared with developed countries and regions, the market share of electric forklifts in regions such as Asia still has a large room for improvement, signaling a huge potential for the future market

The market share of electric forklifts in Asia and other regions is still large compared with that of developed countries and regions, which indicates a huge market potential in the future.

To summarize, the global electric forklift market demand is being positively affected by many aspects, and is expected to continue to maintain the growth trend in the next few years.

Translated with www.DeepL.com/Translator (free version)