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Forklift Battery Market by Type (Lithium ion (Li-ion), Lead–Acid, and Others), and Application (Warehouses, Construction, Manufacturing, Retail & Wholesale Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026

A05964
Pages: 140
Jan 2020 | 120 Views
 
Author(s) : Krunal Yeware , Eswara Prasad
Tables: 103
Charts: 40
 

Forklift Battery Market Outlook - 2026

The global forklift battery market size 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. Batteries that provide power supply to forklift trucks or are used in forklift trucks are usually known as forklift batteries. They need high power and energy density. Generally, lead–acid and lithium-ion batteries are used in the forklift trucks as per convenience during the use in material handling operations. Lead–acid batteries come with a mixture of electrolyte, water, and sulfuric acid; on the other hand, lithium-ion batteries are waterless, which makes them maintenance-free.

The global forklift battery market is operating in the growth stage in its industry life cycle and considering its growth trajectory, it is expected to continue to grow in a similar phase during the forecast period. Increasing industrial output across the glove is the key factor that driving the global forklift battery market growth. 

Forklift Battery Market

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Lead–acid and lithium-ion batteries are the two major types of forklift batteries, but each type has its own benefits over others. Lead–acid battery offers an efficient combination of power and essential counterbalance that makes it highly preferable. On the other hand, lithium-ion batteries are new in material handling applications and offer several benefits over conventional lead-acid batteries. Some of them have low charging time, offer greater convenience during use, and are recyclable. Therefore, there is an increase in the demand for both the types of batteries. However, the high price range of lithium batteries restrains the growth of the overall market. Expansion of warehouses across the globe and resulting demand for forklift batteries in material movement applications is the key global forklift battery market trend observed in the recent years.   

By type, the global market is classified into lead-acid battery, lithium-ion (LI-ion), and others. By application, it is segmented into warehouses, manufacturing, construction, retail & wholesale stores, and others. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Asia-Pacific is the largest regional market in the global forklift battery market wherein countries such as China, Japan, India, South Korea, and Australia have emerged as one of the major contributors. High manufacturing base of food & beverages, pulp & paper, chemical, textile, refining & petroleum, and furniture industries along with rapid industrialization rate makes this region the largest consumer of forklift batteries. Europe, on the other hand, is the largest producer of forklift batteries and is expected to remain dominant during the forecast period.  

Some of the major market players operating and profiled in the global market are are 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. 

The other players in the value chain include Herculesi Technology Co Ltd, Electrovaya, Optima Batteries, Eternity Technologies FZ-LLC, System Sunlight S.A., and others. Key players are adopting numerous strategies such as product launch, agreement, and business expansion, to stay competitive in the market. 

Global Forklift Battery Market, by Type

By type, the lead–acid battery segment accounted for the largest global forklift battery market share in 2018 due to its wide application in most of the end-use industries. Lead–acid batteries are extremely cost-effective and have established the brand image in the market that generates its high demand in the market. Despite the increasing popularity of lithium-ion technology, the lead-acid battery segment is a market leader because these batteries come with an efficient combination of power and essential counterbalance. Earlier the forklift truck design was depending on the weight of the traditional battery to offer a counterbalance to load; that helps in increasing load-bearing capacity. Lead–acid battery is an ideal solution in such a scenario. When compared to lithium-ion batteries, they cost up to four or five-times higher over lead-acid. This has resulted in increased brand loyalty of lead–acid battery thereby boosting their adoption across the globe.  

Forklift Battery Market
By Type

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Lead-Acid Battery is projected as the most lucrative segment.

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Global Forklift Battery Market, by Application 

By end user, the manufacturing segment accounted for the highest market share in 2018. The manufacturing sector has a diverse set of material handling as well as loading and unloading needs. This is why the manufacturing sector emerged as the major end-user of forklift batteries. The segment accounted for around 30% global market share in 2018 and is likely to last being the largest one by the end of the forecast period. In manufacturing industries, forklift trucks are regularly involved in material loading and unloading activities as the produced material or products need to be transported to warehouses or other storing places. Therefore, increase in industrial output is the key factor that boosts the demand for forklift batteries across the globe. 

Forklift Battery Market
By Application

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Manufacturing projected as the most lucrative segment.

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Global Forklift Battery Market, by Region

By region, Asia-Pacific acquired the largest market share owing to the increase in industrial output, and the rise in urbanization. Factors that have an indirect impact on the growth of forklift batteries in Asia-Pacific are drastic population rise, rapid urbanization, and expansion in nature of major industries such as construction, food processing, electronics, furniture, and most importantly consumer goods. Due to the rise in population, there is a growth in need for construction projects, food, consumer products, furniture, and a range of other products that depend on material transporting forklifts trucks for transportation. Therefore, the demand for batteries used in the forklifts is also high in this region.           

Forklift Battery Market
By Region

2026
Asia-Pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2018 and would continue to maintain the lead over the forecast period.

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Key Benefits for Stakeholders:

  • The report provides an in-depth analysis of the forklift battery market forecast along with the current and future market trends
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the global forklift battery industry for strategy building
  • A comprehensive market analysis covers factors that drive and restrain market growth
  • The global forklift battery market analysis covers major factor that impact the global market growth including growth, restraints, and opportunity factors
  • The qualitative data in this report aims on market dynamics, trends, and developments

Key Market Segments:

By Type

  • Lithium-ion Battery
  • Lead–Acid Battery
  • Others

By Application

  • Warehouses
  • Manufacturing
  • Construction
  • Retail & Wholesale Stores
  • Others

By Region

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

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. Porter’s 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

LIST OF TABLES

TABLE 01. GLOBAL TOP 20 COUNTRIES INDUTRRIAL OUTPUT, (2016) 
TABLE 02. PRICE FORECAST OF FORKLIFT BATTERIES BY TYPE, ($/UNIT)(2019-2026) 
TABLE 03. GLOBAL FORKLIFT BATTERY MARKET REVENUE, BY TYPE ($MILLION) (2019-2026) 
TABLE 04. GLOBAL FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 05. GLOBAL FORKLIFT BATTERY MARKET FOR LITHIUM-ION, BY REGION, 2018–2026 ($MILLION) 
TABLE 06. GLOBAL FORKLIFT BATTERY MARKET FOR LEAD ACID, BY REGION, 2018–2026 ($MILLION) 
TABLE 07. GLOBAL FORKLIFT BATTERY MARKET FOR OTHERS, BY REGION, 2018–2026 ($MILLION) 
TABLE 08. GLOBAL FORKLIFT BATTERY MARKET REVENUE, BY APPLICATION ($MILLION) (2019-2026) 
TABLE 09. GLOBAL FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 10. GLOBAL FORKLIFT BATTERY MARKET FOR WAREHOUSES, BY REGION, 2018–2026 ($MILLION) 
TABLE 11. GLOBAL FORKLIFT BATTERY MARKET FOR MANUFACTURING, BY REGION, 2018–2026 ($MILLION) 
TABLE 12. GLOBAL FORKLIFT BATTERY MARKET FOR CONSTRUCTION, BY REGION, 2018–2026 ($MILLION) 
TABLE 13. GLOBAL FORKLIFT BATTERY MARKET FOR RETAIL AND WHOLESALE STORES, BY REGION, 2018–2026 ($MILLION) 
TABLE 14. GLOBAL FORKLIFT BATTERY MARKET FOR OTHERS, BY REGION, 2018–2026 ($MILLION) 
TABLE 15. GLOBAL FORKLIFT BATTERY MARKET, BY REGION  2018–2026 ($MILLION) 
TABLE 16. GLOBAL FORKLIFT BATTERY MARKET, BY TYPE  2018–2026 ($MILLION) 
TABLE 17. GLOBAL FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 18. NORTH AMERICA FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 19. NORTH AMERICA FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 20. NORTH AMERICA FORKLIFT BATTERY MARKET, BY COUNTRY 2018–2026 ($MILLION) 
TABLE 21. U.S. FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 22. U.S. FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 23. CANADA FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 24. CANADA FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 25. MEXICO FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 26. MEXICO FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 27. INDUSTRIAL MANUFACTURING OUTPUT IN THE LEADING EUROPEAN COUNTRIES ($BILLION)(2017) 
TABLE 28. EUROPE FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 29. EUROPE FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 30. EUROPE FORKLIFT BATTERY MARKET, BY COUNTRY 2018–2026 ($MILLION)
TABLE 31. GERMANY FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 32. GERMANY FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 33. FRANCE FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 34. FRANCE FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 35. ITALY FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 36. ITALY FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION)
TABLE 37. SPAIN FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 38. SPAIN FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 39. UK FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 40. UK FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 41. REST OF EUROPE FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 42. REST OF EUROPE FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 43. ASIA-PACIFIC FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 44. ASIA-PACIFIC FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 45. ASIA-PACIFIC FORKLIFT BATTERY MARKET, BY COUNTRY 2018–2026 ($MILLION) 
TABLE 46. CHINA FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 47. CHINA FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 48. JAPAN FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 49. JAPAN FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 50. INDIA FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 51. INDIA FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 52. SOUTH KOREA FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 53. SOUTH KOREA FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 54. AUSTRALIA FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 55. AUSTRALIA FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 56. REST OF ASIA-PACIFIC FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 57. REST OF ASIA-PACIFIC FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 58. LAMEA FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 59. LAMEA FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 60. LAMEA FORKLIFT BATTERY MARKET, BY COUNTRY 2018–2026 ($MILLION)
TABLE 61. BRAZIL FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION)
TABLE 62. BRAZIL FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 63. SAUDI ARABIA FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 64. SAUDI ARABIA FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 65. UAE FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 66. UAE FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 67. SOUTH AFRICA FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 68. SOUTH AFRICA FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 69. REST OF LAMEA FORKLIFT BATTERY MARKET, BY TYPE 2018–2026 ($MILLION) 
TABLE 70. REST OF LAMEA FORKLIFT BATTERY MARKET, BY APPLICATION 2018–2026 ($MILLION) 
TABLE 71. KEY NEW PRODUCT LAUNCHES (2016-2019) 
TABLE 72. KEY PRODUCT DEVELOPMENTS (2016-2019) 
TABLE 73. KEY ACQUISITION (2016-2019) 
TABLE 74. HOPPECKE: COMPANY SNAPSHOT 
TABLE 75. HOPPECKE: PRODUCT PORTFOLIO 
TABLE 76. HOPPECKE: KEY STRATEGIC MOVES AND DEVELOPMENTS 
TABLE 77. CROWN EQUIPMENT: COMPANY SNAPSHOT 
TABLE 78. CROWN EQUIPMENT: PRODUCT PORTFOLIO 
TABLE 79. CROWN EQUIPMENT: KEY STRATEGIC MOVES AND DEVELOPMENTS 
TABLE 80. EAST PENN: COMPANY SNAPSHOT 
TABLE 81. EAST PENN: PRODUCT PORTFOLIO 
TABLE 82. EAST PENN: KEY STRATEGIC MOVES AND DEVELOPMENTS 
TABLE 83. ENERSYS: COMPANY SNAPSHOT 
TABLE 84. ENERSYS: OPERATING SEGMENTS 
TABLE 85. ENERSYS: PRODUCT PORTFOLIO 
TABLE 86. OVERALL FINANCIAL STATUS ($MILLION) 
TABLE 87. ENERSYS: KEY STRATEGIC MOVES AND DEVELOPMENTS 
TABLE 88. EXIDE: COMPANY SNAPSHOT 
TABLE 89. EXIDE: PRODUCT PORTFOLIO 
TABLE 90. OVERALL FINANCIAL STATUS ($MILLION) 
TABLE 91. MICROTEX: COMPANY SNAPSHOT 
TABLE 92. MICROTEX: PRODUCT PORTFOLIO 
TABLE 93. NITCO: COMPANY SNAPSHOT 
TABLE 94. NITCO: PRODUCT PORTFOLIO 
TABLE 95. SBS: COMPANY SNAPSHOT 
TABLE 96. SBS: PRODUCT PORTFOLIO 
TABLE 97. SYSTEMS SUNLIGHT: COMPANY SNAPSHOT 
TABLE 98. SYSTEMS SUNLIGHT: PRODUCT PORTFOLIO 
TABLE 99. SYSTEMS SUNLIGHT: KEY STRATEGIC MOVES AND DEVELOPMENTS 
TABLE 100. TOTAL: COMPANY SNAPSHOT 
TABLE 101. TOTAL: OPERATING SEGMENTS 
TABLE 102. TOTAL 
TABLE 103. OVERALL FINANCIAL STATUS ($MILLION) 

LIST OF FIGURES

FIGURE 01. GLOBAL FORKLIFT BATTERY MARKET SEGMENTATION 
FIGURE 02. TOP INVESTMENT POCKETS, BY COUNTRY 
FIGURE 03. HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 04. LOW BARGAINING POWER OF BUYERS 
FIGURE 05. MODERATE THREAT OF NEW ENTRANTS
FIGURE 06. LOW THREAT OF SUBSTITUTES 
FIGURE 07. HIGH INTENSITY OF COMPETITIVE RIVALRY 
FIGURE 08. PATENT ANALYSIS, BY COUNTRY 
FIGURE 09. PATENT ANALYSIS, BY APPLICANT 
FIGURE 10. FORKLIFT BATTERY MARKET DYNAMICS 
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF FORKLIFT BATTERY MARKET FOR LI-ION, BY COUNTRY, 2018 & 2026 ($MILLION) 
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF FORKLIFT BATTERY MARKET FOR LEAD ACID BATTERY, BY COUNTRY, 2018 & 2026 ($MILLION) 
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF FORKLIFT BATTERY MARKET FOR OTHERS, BY COUNTRY, 2018 & 2026 ($MILLION) 
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF FORKLIFT BATTERY MARKET FOR WAREHOUSES, BY COUNTRY, 2018 & 2026 ($MILLION) 
FIGURE 15. INDUSTRIAL MANUFACTURING OUTPUT OF TOP 10 ECONOMIES (2017) ($TRILLION) 
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF FORKLIFT BATTERY MARKET FOR MANUFACTURING, BY COUNTRY, 2018 & 2026 ($MILLION) 
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF FORKLIFT BATTERY MARKET FOR CONSTRUCTION, BY COUNTRY, 2018 & 2026 ($MILLION) 
FIGURE 18. GLOBAL RETAIL INDUSTRY FORECAST (2017-2023)($TRILLION)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF FORKLIFT BATTERY MARKET FOR RESTAIL AND WHOLESALE STORES, BY COUNTRY, 2018 & 2026 ($MILLION) 
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF FORKLIFT BATTERY MARKET FOR OTHERS, BY COUNTRY, 2018 & 2026 ($MILLION) 
FIGURE 21. U.S. REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 22. CANADA REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 23. MEXICO REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 24. GERMANY REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 25. FRANCE REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 26. ITALY REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 27. SPAIN REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 28. UK REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 29. REST OF EUROPE REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 30. CHINA REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 31. JAPAN REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 32. INDIA REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 33. SOUTH KOREA REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 34. AUSTRALIA REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 35. REST OF ASIA-PACIFIC REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 36. BRAZIL REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 37. SAUDI ARABIA REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 38. UAE REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 39. SOUTH AFRICA REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 
FIGURE 40. SOUTH AFRICA REVENUE FOR FORKLIFT BATTERIES ($MILLION) (2018-2026) 

 
 

According to CXOs of the leading companies, the global forklift battery market is witnessing a significant growth in response to significant material lifting and handling needs across the globe. Conventional forklifts have been replaced by modern forklifts to build a sustainable eco-system and is mainly driving the demand for hydrogen-based forklift batteries across the globe. The introduction of technologically equipped solutions such as robotics assistance and autonomous forklifts in the material handling application is further setting a growth trajectory of the market for the upcoming years. Since, forklift batteries are used in overall manufacturing and material movement applications where productivity and efficiency along with cost are the keys to success; the high price associated with lithium batteries is becoming a barrier to the growth of the market. CXO further asserts that lithium-ion batteries are the future of the market because sooner or later these batteries are the source of energy to forklifts due to better advantages associated with them. However, this may take a timeframe of another 10-13 years.

 

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A. The Global Forklift Battery market is expected to reach $7.4 billion by the end of 2026.

A. China, India, UK, U.S., and Brazil are the major investment centric markets in the global forklift battery market.

A. To get latest version of forklift battery market report

A. Warehouses, Manufacturing, Construction, Retail & Wholesale Stores, and Others are the major applications of forklift battery

A. Manufacturing sector holds the major share of around 30% in 2018 in the global forklift battery market

A. Based on top growing big corporation, we select top 10 players.

A. Product launch, product development, and acquisition are the major growth strategis adopted by the players in this market

A. Company profiles has been selected based on their detailed product portfolio, wider geographical reach, and aggressive growth strategies

A. The Global Forklift Battery market is is valued at $4.1 billion in 2018

A. Demand for high current surge batteries in the industrial applications and growing penetration of small-scale manufacturers are the major trends observed in this market

 

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