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Staxx Pallet Truck is a professional warehouse equipment manufacturer and pallet jack supplier in China.

Electric pallet truck market comparison between domestic and foreign markets

by:Staxx Pallet Truck     2023-03-15

Electric pallet trucks have been at the forefront of the world in the application of new handling and storage equipment in mature developed countries such as the United States, Germany, the United Kingdom, and Japan, while in relatively developing countries such as China, India, Brazil, etc. China's demand for storage equipment is very strong, and it is developing rapidly, and the market potential is huge. Whether it is an internal combustion pallet truck or an electric pallet truck, whether it is from manufacturing or technological innovation, the development of these countries is worth learning. Compared with countries in mature markets, there are certain differences. The specific differences are as follows:



1. Market

Developed countries have a relatively high degree of development, belong to a free market, and are relatively active. New equipment is widely used, and equipment is updated relatively quickly. In the developing market, due to the relatively late start and development of electric pallet trucks, the industrial development is relatively backward, and the market demand lags behind, but the development is relatively fast, and the development demand requires a process.

2. Technology

Mature markets are relatively developed in technology, and the technological innovation of electric pallet trucks is relatively fast. Better technology can be used for product replacement and upgrading, and backward technical equipment and products can be transformed. Developing markets are backward in technology and mainly rely on absorbing foreign technology. The product research and development capabilities are weak. The replacement cycle is relatively long.

3. Brand

The strength of the electric truck brand is an intangible asset, which represents the strength of the enterprise and product quality. The strength of the enterprises in developed countries is strong, the production equipment is excellent, and they sell well all over the world. Developing countries are in the initial stage, and the product quality needs to be improved, but the price is cheap.

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