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Global Forklift Battery Market 2016-2020

Published: June 2016
No. of Pages: 60
    ReportsandReports

Lead-acid batteries power 75%-85% of the electric forklifts manufactured globally. These batteries are cost-effective and offer benefits such as high resilience in difficult environmental conditions involving dirt, chemicals, and vibrations.

The maintenance costs of lead-acid batteries can be monitored and improved with inexpensive technology to reduce the total cost of ownership. Advanced charging technologies can bring up the efficiency to 90%, with power factors approaching 99%. This keeps utility costs low. Technical innovations such as fast and opportunity charging during operator downtime add to the cost efficiency of lead-acid batteries.

The analysts forecast global forklift battery market to grow at a CAGR of 8.1% during the period 2016-2020.

Covered in this report

This report covers the present scenario and the growth prospects of the global forklift battery market for 2016-2020.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

The report, Global Forklift Battery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • East Penn Manufacturing Co., Inc.
  • Exide Industries Ltd.
  • Midac Batteries S.P.A.
  • Navitas System, LLC Corporate.
  • Storage Battery Systems, LLC

Other prominent vendors

  • Chloride Batteries
  • Crown Battery
  • Hoppecke
  • Johnson Controls
  • Trojan Battery

Market driver

  • Expansion of warehouse space in e-commerce industry
  • For a full, detailed list, view our report

Market challenge

  • Replacements of electric forklifts by fuel cell forklifts
  • For a full, detailed list, view our report

Market trend

  • Use of fast chargers
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Published By: Technavio
Product Code: Infiniti Research Limited12147


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