Global Forklift Battery Market Overview:
In the forklift battery industry, there are two choices either an old-school lead-acid battery or industry newbie Lithium-Ion (Li-Ion). Both have their own kinds of systems, charging requirements, setups, and price tags. Lead acid forklift batteries have two main purposes. They deliver a power source and act as a counterweight to a lift truck. A usual lead acid battery is made up of a battery case, battery cells, and battery cables which come together to house a liquid electrolyte mixture of sulfuric acid and water. Li-Ion batteries are consist of an anode, cathode, separator, electrolyte, and positive and negative terminals. Some of the key players profiled in the study are East Penn Manufacturing (United States), EnerSys (United States), Exide Technologies (United States), HOPPECKE Batteries (Germany), Saft (France), Triathlon Batteries Solutions, Inc. (United States), C&D Technologies Pvt. Ltd. (United States), GS Yuasa Corporation (Japan), Navitas Systems, LLC (United States) and BAE Batteries GmbH (Germany).
On the basis of geography, the market of Forklift Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Forklift Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand for Electric Forklift Applications
- Increasing Demand for VRLA Batteries
- Governmental Support for Battery Recycling
- High Cost Related to Forklift Battery
- Increasing Adoption of Automated Guided Vehicles
- Concerns Regarding Replacement of Electric Forklifts with Fuel Cell Forklifts
Leading key players of forklift battery market are focusing on strategic partnerships to improve their products and services along with focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Target Audience:Manufacturers of Forklift Battery, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Forklift Battery, Construction Industry, Governmental Bodies and Research Firms
Major Objectives Focused through this Study To define, describe, and forecast the Global Forklift Battery market on the basis of product [Lead-Acid Battery and Li-Ion Battery] , application [Warehousing, Manufacturing, Construction and Other], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Forklift Battery market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Forklift Battery industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Crown Battery (United States) and Trojan Battery (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Forklift Battery market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.