Forklift Battery Market by Type (Lithium ion, Lead–Acid, and Others), and Application (Construction, Manufacturing, Warehouses, Retail & Wholesale Stores): Global Opportunity Analysis and Industry Forecast, 2021–2027

ID: VPR/E&P/201 Publishing Year: January 2021 Pages: 62 Format:   


 

The Global Forklift Battery Market size was valued at $XX million in 2019, and is projected to reach $XX million by 2027, growing at a CAGR of XX% from 2021 to 2027

Forklift Batteries typically suggest that they are used for forklift trucks by suppling the power to the Forklifts. Moreover Forklift Batteries are mainly of two types, they are lithium ion and lead-Acid, and amongst the lead-acid is the most common type of batteries while lithium ion is growing popularity. However lead-acid batteries for good performance need regular maintenance, the lead-acid consist of battery case, cells, and cables, as well as mixture of sulfuric acid and water, such batteries need regular watering to maintain electrolyte levels. The lithium ion batteries are maintenance free batteries and need no watering. Furthermore other batteries consist of batteries like absorbed glass mat Forklift Batteries (AGM) these batteries use a glass mat to pass electrolytes between battery plates, also the batteries are maintenance free as they require no watering. The forklifts are used in material handling and all the applications such as Construction, Manufacturing, Warehouses, Retail & Wholesale Stores include material handling either in heavy or light quantity.

DRO:

The Forklift Batteries should be capable of providing high energy and power to the forklift truck and both the batteries which are mainly used for forklift which are lead-acid and lithium ion are capable of providing power and energy to the forklift trucks but one has advantage on other, lead-acid batteries are extremely cost-effective, has high demand and is popular in the market but they require regular maintenance to perform to their optimum level and it works on combination of sulfuric acid and water which are required to change timely but on the other hand the lithium ion batteries are called as maintenance free batteries as they do not require any watering and hence they are getting popular and will have an edge over lead-acid batteries. Also, other battery types are also coming into the market such as absorbed glass mat forklift batteries (AGM) which is also a maintenance free battery and lasts longest when compared to lead-acid and lithium ion. Because of such developed technologies of batteries and Increase in industrial activities and warehousing is leading to more and more material handling and this gives support for the growth of Forklift Battery Market

However unreliability and high maintenance of lead-acid batteries and increasing prices of lithium ion batteries can restrains the growth of the overall market.

Over the years there is tremendous technological advancement in Forklift Batteries such as high storage capacity, long life of the battery and fast charging which boosts the market of Forklift Batteries. Increase in industrial activities and expansion of warehouses is creating high demand for Forklift Batteries Market and has created a great opportunity of growth.

Segment Insight:

The Forklift Battery Market is segmented based on type, application and region. Based on type it is classified into lead-acid, lithium ion, lead-acid and others. Based on application it is classified into construction, manufacturing, warehouses, retail and wholesale stores.

By Type Insight:

The Forklift Battery Market is segmented by type into lithium ion battery and lead-acid battery and others. The lead-acid battery accounted for the highest market share in 2018.

By Application Type Insight:

The Forklift Battery Market is segmented by application type into construction, manufacturing, warehouses, retail and wholesale stores. The manufacturing application accounted for the highest market share in 2018.

Major Key Players of Forklift Battery Market:

The report provides a comprehensive analysis of the key players operating in the forklift battery market, such as EXIDE INDUSTRIES LTD., EnerSys, East Penn Manufacturing Company, Hoppecke, Crown Equipment Corporation, SBS Storage Battery Systems, LLC, Navitas Systems, Saft, and Microtex Energy Private Limited.

Most of the key players in electric vehicle market are focusing on business expansion to gain a higher revenue share through the adoption of strategies, such as mergers and acquisitions and new product development.

Forklift Battery Market By Key Segment:

By Type

  • Lithium Ion Battery
  • Lead-Acid Battery
  • Others

By Application Type

  • Construction
  • Manufacturing
  • Warehouses
  • Retail and Wholesale Stores

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Argentina
    • Turkey
    • South Africa
    • Rest of LAMEA

TABLE OF CONTENTS:

CHAPTER 1 MARKET INTRODUCTION

1.1. REPORT OVERVIEW

1.2. SCOPE OF THE STUDY

1.3. PRIMARY MARKET SEGMENTS

1.4. RESEARCH METHODOLOGY

CHAPTER 2 EXECUTIVE SUMMARY

2.1. C-LEVEL EXECUTIVE’S OVERVIEW AND PERSPECTIVES

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE

3.2. PRINCIPAL FINDINGS

3.2.1. Key investment pockets

3.2.2. Leading winning strategies

  3.2.3 Key Player Positioning

3.3. PORTERS FIVE FORCES OF COMPETITIVE ANALYSIS

 3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Opportunities

3.4.4. Impact Analysis

3.5. IMPACT OF COVID-19 ON THIS MARKET

CHAPTER 4 FORKLIFT BATTERY MARKET, BY TYPE

4.1. SYNOPSIS

4.1.1. Market size and forecast

4.2. LEAD-ACID

4.2.1. Key market trends

4.2.2. Growth factors and opportunities

4.2.3. Market size and forecast

4.3. LITHIUM ION

4.3.1. Key market trends

4.3.2. Growth factors and opportunities

4.3.3. Market size and forecast

4.4. OTHERS

4.4.1. Key market trends

4.4.2. Growth factors and opportunities

4.4.3. Market size and forecast

CHAPTER 5 FORKLIFT BATTERY MARKET, BY APPLICATION

5.1. SYNOPSIS

5.1.1. Market size and forecast

5.2. CONSTRUCTION

5.2.1. Key market trends

5.2.2. Growth factors and opportunities

5.2.3. Market size and forecast

5.3. MANUFACTURING

5.3.1. Key market trends

5.3.2. Growth factors and opportunities

5.3.3. Market size and forecast

5.4. WAREHOUSES

5.4.1. Key market trends

5.4.2. Growth factors and opportunities

5.4.3. Market size and forecast

5.5. RETAIL AND WHOLESALE STORES

5.5.1. Key market trends

5.5.2. Growth factors and opportunities

5.5.3. Market size and forecast

CHAPTER 6 FORKLIFT BATTERY MARKET, BY REGION

6.1 SYNOPSIS

6.2 North America

6.2.1 Key market trends

6.2.2 Competitive scenario

6.2.3 Key growth factors and opportunities

6.2.4 Market size and forecast

6.3 Europe

6.3.1 Key market trends

6.3.2 Competitive scenario

6.3.3 Key growth factors and opportunities

6.3.4 Market size and forecast

6.4 Asia Pacific

6.4.1 Key market trends

6.4.2 Competitive scenario

6.4.3 Key growth factors and opportunities

6.4.4 Market size and forecast

6.5 LAMEA

6.5.1 Key market trends

6.5.2 Key growth factors and opportunities

6.5.3 Market size and forecast

CHAPTER 7 COMPANY PROFILES

7.1. EXIDE INDUSTRIES LTD

7.1.1. Company overview

7.1.2. Company snapshot

7.1.3. Product portfolio

7.1.4. Business performance

7.1.5. Key strategic moves and developments

7.2. ENERSYS

7.2.1. Company overview

7.2.2. Company snapshot

7.2.3. Operating business segments

7.2.4. Product portfolio

7.2.5. Business performance

7.2.6. Key strategic moves and developments

7.3. EAST PENN MANUFACTURING COMPANY

7.3.1. Company overview

7.3.2. Company snapshot

7.3.3. Operating business segments

7.3.4. Product portfolio

7.3.5. Business performance

7.3.6. Key strategic moves and developments

7.4. HOPPECKE

7.4.1. Company overview

7.4.2. Company snapshot

7.4.3. Operating business segments

7.4.4. Product portfolio

7.4.5. Business performance

7.4.6. Key strategic moves and developments

7.5. CROWN EQUIPMENT CORPORATION

7.5.1. Company overview

7.5.2. Company snapshot

7.5.3. Operating business segments

7.5.4. Product portfolio

7.5.5. Business performance

7.5.6. Key strategic moves and developments

7.6. SBS STORAGE BATTERY SYSTEMS

7.6.1. Company overview

7.6.2. Company Snapshot

7.6.3. Operating business segments

7.6.4. Product portfolio

7.6.5. Business performance

7.6.6. Key strategic moves and developments

7.7. LLC

7.7.1. Company overview

7.7.2. Company snapshot

7.7.3. Operating business segments

7.7.4. Product portfolio

7.7.5. Business performance

7.7.6. Key strategic moves and developments

7.8. NAVITAS SYSTEMS

7.8.1. Company overview

7.8.2. Company snapshot

7.8.3. Operating business segments

7.8.4. Product portfolio

7.8.5. Business performance

7.8.6. Key strategic moves and developments

7.9. SAFT

7.9.1. Company overview

7.9.2. Company snapshot

7.9.3. Operating business segments

7.9.4. Product portfolio

7.9.5. Business performance

7.9.6. Key strategic moves and developments

7.10. MICROTEX ENERGY PRIVATE LIMITED

7.10.1. Company overview

7.10.2. Company snapshot

7.10.3. Product portfolio

7.10.4. Key strategic moves and development


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