Forklift Battery Market by Type (Lithium ion (Li-ion), LeadAcid, and Others), and Application (Warehouses, Construction, Manufacturing, Retail & Wholesale Stores, and Others): Global Opportunity Analysis and Industry Forecast, 20192026
- Published Date: 2020-10-06
- Report ID: 1380
- Pages: 140
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Format:
The global forklift battery market was valued at $4.3 billion in 2018, and is projected to reach $7.4 billion by 2026, growing at a CAGR of 7.04% from 2019 to 2026.
Battery used in the forklift truck is ideally known as a forklift battery. It is known for two main functionsproviding battery source to a forklift truck and providing mass to forklift as a counterweight that further aids in its lifting capacity. These batteries are composed of a battery case, battery cells, battery bar, and battery cables; and are of two types including LeadAcid battery and a lithium-ion battery. Both types of batteries have their system, setup, charging requirements, and price range.
The global forklift battery market growth is driven by the emergence of fuel cell forklifts as an alternative to the electric forklift. Environmental concerns, as well as the availability of natural resources, led forklift manufacturers to look for a more effective and sustainable alternative over electric forklift. A fuel cell is a viable alternative in such a scenario and its use in batteries is growing extensively. Therefore, the increase in popularity of fuel cell-based forklift significantly drives the growth of the market. Furthermore, one of the key benefits of using forklift batteries is that they provide mass to forklift as a counterweight that further helps in lifting capacity of the forklift truck. This increases the productivity of forklift trucks, which boosts the demand for batteries. There is an increase in the need for efficient power sources to forklift machines to enhance the load-bearing capacity. Therefore, manufacturers are working to develop more efficient batteries for forklift, which is expected to offer new growth opportunities during the forecast period. On the other hand, the high price associated with lithium-ion (Li-ion) batteries along with low penetration of forklift batteries in some of the countries of Asia-Pacific is projected to restrain the global market growth.
The global forklift battery market is segmented on the basis of type, application, and region. By type, the global market is classified into LeadAcid battery, lithium-ion (LI-ion), and others. By application, it market is categorized into warehouses, manufacturing, construction, retail & wholesale stores, and others. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major key players operating in the global forklift battery market include EXIDE INDUSTRIES LTD., EnerSys, East Penn Manufacturing Company, Hoppecke, Crown Equipment Corporation, SBS Storage Battery Systems, LLC, Navitas Systems, Saft, Microtex Energy Private Limited, and Southwest Battery Company. One of the recent trends observed in this market includes penetration of small-scale manufacturers, who are dealing with only single or dual product lines.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global forklift battery market from 2018 to 2026 to determine the prevailing opportunities
A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume
Profiles of leading players operating in the market are provided to understand the global competitive scenario
The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth
KEY MARKET SEGMENTS
By Type
Lithium-ion Battery
LeadAcid Battery
Others
By Application
Warehouses
Manufacturing
Construction
Retail & Wholesale Stores
Others
By Region
o North America
U.S.
Canada
Mexico
o Europe
Germany
France
Italy
Spain
UK
Rest of Europe
o Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
o LAMEA
Brazil
Saudi Arabia
South Africa
South Africa
LAMEA
KEY MARKET PLAYERS
EXIDE INDUSTRIES LTD.
EnerSys
East Penn Manufacturing Company
Hoppecke
Crown Equipment Corporation,
SBS Storage Battery Systems, LLC
Navitas Systems
Saft
Microtex Energy Private Limited
Southwest Battery Company
The other players in the value chain include Shenzhen Herculesi Technology Co Ltd, Electrovaya, Optima Batteries, Eternity Technologies FZ-LLC, System Sunlight S.A., and others.
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.5. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. Key Findings of The Study
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets (For Upcoming Countries)
3.3. PorterS Five Forces Analysis
3.4. Patent Analysis (2015-2018)
3.4.1. Patent Analysis By Country
3.4.2. Patent Analysis By Applicant
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Emergence of Fuel Cell Forklifts As An Alternative To The Electric Forklift
3.5.1.2. Expanding Warehouse Spaces And Industry Manufacturing Sector
3.5.2. Restraints
3.5.2.1. High Cost Associated With Lithium Ion Battery
3.5.3. Opportunity
3.5.3.1. Growing Penetration of Concept Like Green Logistics
3.6. Pricing Analysis
3.7. Impact of Government Rules And Regulations
3.7.1. Occupational Health And Safety Act (Osha) Clauses Pertinent To Condition of Powered Forklift Trucks
Chapter 4: Forklift Battery Market, By Type
4.1. Overview
4.1.1. Market Size And Forecast, By Region
4.2. Lithium Ion (Li-Ion)
4.2.1. Market Size And Forecast, By Region
4.2.2. Market Share Analysis, By Country
4.3. Lead Acid Battery
4.3.1. Market Size And Forecast, By Region
4.3.2. Market Share Analysis, By Country
4.4. Others
4.4.1. Market Size And Forecast, By Region
4.4.2. Market Share Analysis, By Country
Chapter 5: Forklift Battery Market, By Application
5.1. Overview
5.1.1. Market Size And Forecast, By Region
5.2. Warehouses
5.2.1. Market Size And Forecast, By Region
5.2.2. Market Share Analysis, By Country
5.3. Manufacturing
5.3.1. Market Size And Forecast, By Region
5.3.2. Market Share Analysis, By Country
5.4. Construction
5.4.1. Market Size And Forecast, By Region
5.4.2. Market Share Analysis, By Country
5.5. Retail And Wholesale Stores
5.5.1. Market Size And Forecast, By Region
5.5.2. Market Share Analysis, By Country
5.6. Others
5.6.1. Market Size And Forecast, By Region
5.6.2. Market Share Analysis, By Country
Chapter 6: Forklift Battery Market, By Region
6.1. Overview
6.1.1. Market Size And Forecast, By Region
6.1.2. Market Size And Forecast, By Type
6.1.3. Market Size And Forecast, By Application
6.2. North America
6.2.1. Market Size And Forecast By Type
6.2.2. Market Size And Forecast, By Application
6.2.3. Market Size And Forecast By Country
6.2.4. U.S.
6.2.4.1. Market Size And Forecast By Type
6.2.4.2. Market Size And Forecast, By Application
6.2.5. Canada
6.2.5.1. Market Size And Forecast By Type
6.2.5.2. Market Size And Forecast, By Application
6.2.6. Mexico
6.2.6.1. Market Size And Forecast By Type
6.2.6.2. Market Size And Forecast, By Application
6.3. Europe
6.3.1. Market Size And Forecast By Type
6.3.2. Market Size And Forecast, By Application
6.3.3. Market Size And Forecast By Country
6.3.4. Germany
6.3.4.1. Market Size And Forecast By Type
6.3.4.2. Market Size And Forecast, By Application
6.3.5. France
6.3.5.1. Market Size And Forecast By Type
6.3.5.2. Market Size And Forecast, By Application
6.3.6. Italy
6.3.6.1. Market Size And Forecast By Type
6.3.6.2. Market Size And Forecast, By Application
6.3.7. Spain
6.3.7.1. Market Size And Forecast By Type
6.3.7.2. Market Size And Forecast, By Application
6.3.8. Uk
6.3.8.1. Market Size And Forecast By Type
6.3.8.2. Market Size And Forecast, By Application
6.3.9. Rest of Europe
6.3.9.1. Market Size And Forecast By Type
6.3.9.2. Market Size And Forecast, By Application
6.4. Asia-Pacific
6.4.1. Market Size And Forecast By Type
6.4.2. Market Size And Forecast, By Application
6.4.3. Market Size And Forecast By Country
6.4.4. China
6.4.4.1. Market Size And Forecast By Type
6.4.4.2. Market Size And Forecast, By Application
6.4.5. Japan
6.4.5.1. Market Size And Forecast By Type
6.4.5.2. Market Size And Forecast, By Application
6.4.6. India
6.4.6.1. Market Size And Forecast By Type
6.4.6.2. Market Size And Forecast, By Application
6.4.7. South Korea
6.4.7.1. Market Size And Forecast By Type
6.4.7.2. Market Size And Forecast, By Application
6.4.8. Australia
6.4.8.1. Market Size And Forecast By Type
6.4.8.2. Market Size And Forecast, By Application
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size And Forecast By Type
6.4.9.2. Market Size And Forecast, By Application
6.5. Lamea
6.5.1. Market Size And Forecast By Type
6.5.2. Market Size And Forecast, By Application
6.5.3. Market Size And Forecast By Country
6.5.4. Brazil
6.5.4.1. Market Size And Forecast By Type
6.5.4.2. Market Size And Forecast, By Application
6.5.5. Saudi Arabia
6.5.5.1. Market Size And Forecast By Type
6.5.5.2. Market Size And Forecast, By Application
6.5.6. Uae
6.5.6.1. Market Size And Forecast By Type
6.5.6.2. Market Size And Forecast, By Application
6.5.7. South Africa
6.5.7.1. Market Size And Forecast By Type
6.5.7.2. Market Size And Forecast, By Application
6.5.8. Rest of Lamea
6.5.8.1. Market Size And Forecast By Type
6.5.8.2. Market Size And Forecast, By Application
Chapter 7: Competitive Landscape
7.1. Introduction
7.1.1. Market Player Positioning, 2018
7.2. Top Winning Strategies
7.2.1. Top Winning Strategies, By Year
7.2.2. Top Winning Strategies, By Development
7.2.3. Top Winning Strategies, By Company
7.3. Competitive Heatmap
7.4. Key Developments
7.4.1. New Product Launches
7.4.2. Key Product Developments
7.4.3. Acquisition
Chapter 8: Company Profiles:
8.1. Accumulatorenwerke Hoppecke Carl Zoellner & Sohn Gmbh
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Product Portfolio
8.1.4. Key Strategic Moves And Developments
8.2. Crown Equipment Corporation
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Product Portfolio
8.2.4. Key Strategic Moves And Developments
8.3. East Penn Manufacturing Company
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Product Portfolio
8.3.4. Key Strategic Moves And Developments
8.4. Enersys
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Product Portfolio
8.4.5. Business Performance
8.4.6. Key Strategic Moves And Developments
8.5. Exide Industries Limited
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Product Portfolio
8.5.4. Business Performance
8.6. Microtex Energy Private Limited
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Product Portfolio
8.7. Nitco
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Product Portfolio
8.8. Storage Battery Systems, Llc
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Product Portfolio
8.9. Systems Sunlight S.A.
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Product Portfolio
8.9.4. Key Strategic Moves And Developments
8.10. Total Sa
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Product Portfolio
8.10.5. Business Performance
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