The benefits of lithium vs. lead-acid batteries in forklifts have been tested and proven by major companies across all industries with materials handling operations: logistics and 3PL, retail, manufacturing, paper and packaging, metals, lumber, food and beverage, cold storage, medical supplies distribution, etc. Industry experts are speculating about the growth rate over the next few years (estimated CAGR 27%), but all agree that the adoption of lithium will continue to accelerate, similar to what we see in the passenger EV market (enabled by similar lithium technology). By 2028, the lithium segment may constitute 48% of all new forklift batteries. Read More: Forklift Action

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