According to Globe Newswire, the global forklifts market may reach $50.5 billion by the year 2026. Along with the rising demand for material handling equipment, the meteoric growth of electric forklifts is leading the way. Deciding if it’s right for your business to make the switch to electric is a tough choice. Here are a few things to consider:
Electric forklifts have advantages when it comes to their daily operation and safety. Drivers can easily see while driving in reverse (no propane tank to obstruct the view). This is especially important in high-traffic buildings.
Here are three other operational advantages to consider:
Electric forklifts may have a higher upfront cost, but they provide savings down the line. One reason is they last longer, so you upgrade them less frequently. Since they don’t have an engine, you spend less money on replacement parts as well as preventative maintenance services like oil changes.
Electric forklifts don’t use fuel, which releases pollutants (like carbon monoxide) during the combustion process. These gas emissions can raise health concerns, such as dizziness in smaller spaces. An electric forklift, however, releases zero emissions.
While there are many benefits of electric forklifts, there are some drawbacks. One drawback is the higher initial cost since you’re paying for the fuel in advance. Additionally, you’ll have to purchase a battery charger for your electric forklifts. You’ll need to hire an electrician to provide the charging infrastructure that electric forklifts demand.
In terms of safety, swapping batteries (if your operation requires multiple batteries per forklift) is challenging, so ensure your operators are professionally trained. You’ll also need to factor in how much you use your forklift daily. If you use it for less than an hour per day, then you may want to stick to propane. If your site runs multiple shifts, consider using lithium batteries, which charge faster and last well past the normal five years.
So, should you switch to electric forklifts?
The answer is -well, it depends on your business goals. If you plan to make the switch, ToyotaLift Northeast can help you find the best model for your needs. Contact us today!