About the Forklift Battery Market
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.
Technavio’s analysts forecast the global forklift battery market to grow at a CAGR of 8.1% during the period 2016-2020.
Covered in this report
The 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
Technavio's report, Global Forklift Battery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the 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 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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Market overview
• Market size and forecast by revenue
• Five forces analysis
PART 06: Market segmentation by application
• Global forklift battery market by end-user 2015-2020
• Global forklift battery market by warehouse segment
• Global forklift battery market by manufacturing segment
• Global forklift battery market by construction segment
PART 07: Geographical segmentation
• Global forklift battery market by geography
• Forklift battery market in Americas
• Forklift battery market EMEA
• Forklift battery market in APAC
PART 08: Market drivers
• Expansion of warehouse space in e-commerce industry
• Increased use of forklift in end-user industries
• Environmental benefits
• Growing demand for forklifts
PART 09: Impact of drivers
PART 10: Market challenges
• Replacement of electric forklifts by fuel cell forklifts
• Safety concerns
PART 11: Impact of drivers and challenges
PART 12: Market trends
• Use of fast chargers
• Technological advancements
PART 13: Vendor landscape
• Competitive landscape
• Other prominent vendors
PART 14: Key vendor analysis
• East Penn Manufacturing
• Exide Industries
• Midac
• Navitas Systems
• SBS
• CHLORIDE
• Crown Battery
• Trojan Battery
• Johnson Controls
• Hoppecke
PART 15: Appendix
• List of abbreviation
PART 16: Explore Technavio
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Segmentation of global forklift battery market
Exhibit 03: Global forklift battery market 2015-2020 ($ billions)
Exhibit 04: Industrial production growth in Europe 2014
Exhibit 05: Five forces analysis
Exhibit 06: Global forklift battery market by end-user 2015-2020
Exhibit 07: Global forklift battery market by end-users 2015-2020
Exhibit 08: Global forklift battery market by warehouse segment 2015-2020 ($ billions)
Exhibit 09: Global e-commerce sales 2013-2018 ($ billions)
Exhibit 10: Global forklift battery market by manufacturing segment 2015-2020 ($ billions)
Exhibit 11: Global forklift battery market by construction 2015-2020 ($ millions)
Exhibit 12: Global forklift battery market by geography for 2015-2020
Exhibit 13: Global forklift battery market by geography 2015-2020
Exhibit 14: Forklift battery market in Americas 2015-2020 ($ billions)
Exhibit 15: Forklift battery market in EMEA 2015-2020 ($ billions)
Exhibit 16: Manufacturing PMI of various European countries
Exhibit 17: Forklift battery market in APAC 2015-2020 ($ billions)
Exhibit 18: Cost comparison of different types of forklifts
Exhibit 19: Various kinds of electric forklifts
Exhibit 20: Global forklift shipment by region 2008-2015 (units)
Exhibit 21: Impact of drivers
Exhibit 22: Major fuel cell technologies
Exhibit 23: Data on fuel cell technology based forklifts
Exhibit 24: Cost comparison of fuel cell and lead-acid battery in forklifts
Exhibit 25: Major projects that use fuel cell forklift in US
Exhibit 26: Impact of drivers and challenges
Exhibit 27: Comparison of capital cost of conventional forklift battery and fast charger
Exhibit 28: Cost and energy density of a typical battery 2012-2014
Exhibit 29: Forklift battery product portfolio
Exhibit 30: Exide Industries: Forklift battery product portfolio
Exhibit 31: Midac: Forklift battery product portfolio
Exhibit 32: Navitas Systems: Forklift battery product portfolio
Exhibit 33: SBS: Forklift battery product portfolio
Exhibit 34: CHLORIDE in global forklift batteries market
Exhibit 35: Trojan batteries in global forklift batteries market
Exhibit 36: Product classification for OPTIMA
Exhibit 37: Johnson Controls battery models
Exhibit 38: Forklift battery product portfolio
