We all know the job of the forklift, and its many uses, but do we know that the demand for forklift operators is on the rise? Some predictions are calling for a 30 percent increase in the demand for operators over the next five years.
With e-commerce becoming more and more a party of our daily lives companies like Amazon and Zappos are reshaping the industrial landscape. They are ramping up online retail sales more and more consumers are turning to the internet for shopping. This means more and more companies are keeping their inventory on the backend, yes—inside of warehouses. How does the consumers get their products on time from that warehouse? Well, there are many factors, but it couldn’t be done without the use of a forklift.
There are many components that have led to the increased demand for forklifts and their operators. They include the expansion of warehouses themselves, the growing e-commerce boom mentioned above, globalization and emerging third countries and their middle classes across the globe. There are two types of forklifts that are in demand replacements and low-cost. We find that there is a heavy demand for forklift truck replacements in developed markets. Conversely, find that low-cost forklifts are purchased in bulk in emerging markets.
Globally the forklift truck market is expanding due to population growth and the increased demands for exports from countries that are developing and creating cheap consumer goods. This is evidenced by the fact that Asian Pacific countries led global sale of forklifts in 2014. Europe and America were second and third in sales respectively. Asian forklift truck markets are largely made up of internal combustion trucks followed by Eastern Europe. One of the biggest hurdles for the forklift ownership is their high cost, due to which many of the small scale industries prefer to rent instead.
If you’re in the forklift business then business is good.