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Electric forklift refers to the forklift operated by electricity, most of which use lithium battery as the main power source. Electric forklift can be divided into: four-way electric forklift, electric pallet stacker, manual electric lift stacker, electric tractor, three-fulcrum electric forklift, four-fulcrum counterweight forklift, forward-moving electric forklift, three-fulcrum mini forklift, etc.

With the continuous development of the global economy, the number of forklifts in the world and China has maintained a stable growth from 2012 to 2016. In 2015, the number of forklifts in the world reached 12.314 million, and the number of forklifts in China reached 2.325 million. According to the Report on Market Depth Research and Development Prospect Forecast of China's Electric Forklift Industry in 2018-2023, there are five opportunities for the development of China's electric forklift industry in the future:

First, technological progress promotes the development of upstream raw material industry and lays a material foundation for the development of electric forklift industry. Steel is the main raw material of electric forklift, and its price directly affects the production cost of electric forklift manufacturing enterprises. At present, China's steel industry has abundant capacity, fierce competition, serious overcapacity, and steel prices hover at a low level. In addition to steel, engine, battery, motor, electric control, hydraulic components, gearbox, drive axle, etc. are also key components of electric forklift. Domestic enterprises have made significant progress in the R&D and production of core components. There are many upstream professional suppliers, and the market supply is sufficient and stable.

Second, the application field has been expanding and the market demand has been growing steadily. Electric forklifts are widely used in various economic fields, mainly in manufacturing, transportation, warehousing, postal, wholesale and retail industries. In particular, the vigorous development of modern warehousing and logistics industries drives the rapid expansion of the industry.

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