Forklift Battery - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Forklift Battery market is accounted for $4.30 billion in 2018 and is expected to reach $9.04 billion by 2027 growing at a CAGR of 8.6% during the forecast period. Some of the key factors propelling the market growth include increased the use of electric or battery-powered forklifts, expand in warehouse spaces and industry manufacturing sector, longer lifespan, high resilience, and low maintenance. However, high cost associated with lithium ion battery hampers the market growth.
Battery used in the forklift truck is ideally known as a forklift battery. It is known for two main functions-providing 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 Lead-Acid battery and a lithium-ion battery. Both types of batteries have their system, setup, charging requirements, and price range.
By battery type, the lead–acid battery segment is anticipated to grow at the significant rate during the forecast period, due to its wide application in most of the end-use industries. These batteries are extremely cost-effective and have established the brand image in the market that generates its high demand in the market. The lead-acid battery segment is a market leader because these batteries come with an efficient combination of power and essential counterbalance. It is an ideal solution and 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.
On the basis of geography, Asia-Pacific is expected to have considerable market growth during the forecast period, due 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 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.
Some of the key players in forklift battery market include Hoppecke Batterien, Johnson Controls, Crown Battery, Exide Technologies, Saft, East Penn Manufacturing, Trojan Battery, Chloride Batteries, Storage Battery Systems, EnerSys, Exide Technologies, Microtex Energy Private Limited, NITCO, Navitas System, Systems Sunlight S.A., and TOTAL SA.
Battery Types Covered:
• Lithium-ion (LI-ion) Battery
• Lead-acid Battery
• Nickel-cadmium Battery
• Sodium-sulfur Battery
• Ni-MH Battery
• Fuel Cells
Applications Covered:
• Manufacturing
• Construction
• Warehousing
• Retail & Wholesale Stores
• Factories
• Distribution Centers
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Forklift Battery Market, By Battery Type
5.1 Introduction
5.2 Lithium-ion (LI-ion) Battery
5.3 Lead-acid Battery
5.4 Nickel-cadmium Battery
5.5 Sodium-sulfur Battery
5.6 Ni-MH Battery
5.7 Fuel Cells
6 Global Forklift Battery Market, By Application
6.1 Introduction
6.2 Manufacturing
6.3 Construction
6.4 Warehousing
6.5 Retail & Wholesale Stores
6.6 Factories
6.7 Distribution Centers
7 Global Forklift Battery Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Hoppecke Batterien
9.2 Johnson Controls
9.3 Crown Battery
9.4 Exide Technologies
9.5 Saft
9.6 East Penn Manufacturing
9.7 Trojan Battery
9.8 Chloride Batteries
9.9 Storage Battery Systems
9.10 EnerSys
9.11 Exide Technologies
9.12 Microtex Energy Private Limited
9.13 NITCO
9.14 Navitas System
9.15 Systems Sunlight S.A.
9.16 TOTAL SA
List of Tables
1 Global Forklift Battery Market Outlook, By Region (2017-2027) ($MN)
2 Global Forklift Battery Market Outlook, By Battery Type (2017-2027) ($MN)
3 Global Forklift Battery Market Outlook, By Lithium-ion (LI-ion) Battery (2017-2027) ($MN)
4 Global Forklift Battery Market Outlook, By Lead-acid Battery (2017-2027) ($MN)
5 Global Forklift Battery Market Outlook, By Nickel-cadmium Battery (2017-2027) ($MN)
6 Global Forklift Battery Market Outlook, By Sodium-sulfur Battery (2017-2027) ($MN)
7 Global Forklift Battery Market Outlook, By Ni-MH Battery (2017-2027) ($MN)
8 Global Forklift Battery Market Outlook, By Fuel Cells (2017-2027) ($MN)
9 Global Forklift Battery Market Outlook, By Application (2017-2027) ($MN)
10 Global Forklift Battery Market Outlook, By Manufacturing (2017-2027) ($MN)
11 Global Forklift Battery Market Outlook, By Construction (2017-2027) ($MN)
12 Global Forklift Battery Market Outlook, By Warehousing (2017-2027) ($MN)
13 Global Forklift Battery Market Outlook, By Retail & Wholesale Stores (2017-2027) ($MN)
14 Global Forklift Battery Market Outlook, By Factories (2017-2027) ($MN)
15 Global Forklift Battery Market Outlook, By Distribution Centers (2017-2027) ($MN)
16 North America Forklift Battery Market Outlook, By Country (2017-2027) ($MN)
17 North America Forklift Battery Market Outlook, By Battery Type (2017-2027) ($MN)
18 North America Forklift Battery Market Outlook, By Lithium-ion (LI-ion) Battery (2017-2027) ($MN)
19 North America Forklift Battery Market Outlook, By Lead-acid Battery (2017-2027) ($MN)
20 North America Forklift Battery Market Outlook, By Nickel-cadmium Battery (2017-2027) ($MN)
21 North America Forklift Battery Market Outlook, By Sodium-sulfur Battery (2017-2027) ($MN)
22 North America Forklift Battery Market Outlook, By Ni-MH Battery (2017-2027) ($MN)
23 North America Forklift Battery Market Outlook, By Fuel Cells (2017-2027) ($MN)
24 North America Forklift Battery Market Outlook, By Application (2017-2027) ($MN)
25 North America Forklift Battery Market Outlook, By Manufacturing (2017-2027) ($MN)
26 North America Forklift Battery Market Outlook, By Construction (2017-2027) ($MN)
27 North America Forklift Battery Market Outlook, By Warehousing (2017-2027) ($MN)
28 North America Forklift Battery Market Outlook, By Retail & Wholesale Stores (2017-2027) ($MN)
29 North America Forklift Battery Market Outlook, By Factories (2017-2027) ($MN)
30 North America Forklift Battery Market Outlook, By Distribution Centers (2017-2027) ($MN)
31 Europe Forklift Battery Market Outlook, By Country (2017-2027) ($MN)
32 Europe Forklift Battery Market Outlook, By Battery Type (2017-2027) ($MN)
33 Europe Forklift Battery Market Outlook, By Lithium-ion (LI-ion) Battery (2017-2027) ($MN)
34 Europe Forklift Battery Market Outlook, By Lead-acid Battery (2017-2027) ($MN)
35 Europe Forklift Battery Market Outlook, By Nickel-cadmium Battery (2017-2027) ($MN)
36 Europe Forklift Battery Market Outlook, By Sodium-sulfur Battery (2017-2027) ($MN)
37 Europe Forklift Battery Market Outlook, By Ni-MH Battery (2017-2027) ($MN)
38 Europe Forklift Battery Market Outlook, By Fuel Cells (2017-2027) ($MN)
39 Europe Forklift Battery Market Outlook, By Application (2017-2027) ($MN)
40 Europe Forklift Battery Market Outlook, By Manufacturing (2017-2027) ($MN)
41 Europe Forklift Battery Market Outlook, By Construction (2017-2027) ($MN)
42 Europe Forklift Battery Market Outlook, By Warehousing (2017-2027) ($MN)
43 Europe Forklift Battery Market Outlook, By Retail & Wholesale Stores (2017-2027) ($MN)
44 Europe Forklift Battery Market Outlook, By Factories (2017-2027) ($MN)
45 Europe Forklift Battery Market Outlook, By Distribution Centers (2017-2027) ($MN)
46 Asia Pacific Forklift Battery Market Outlook, By Country (2017-2027) ($MN)
47 Asia Pacific Forklift Battery Market Outlook, By Battery Type (2017-2027) ($MN)
48 Asia Pacific Forklift Battery Market Outlook, By Lithium-ion (LI-ion) Battery (2017-2027) ($MN)
49 Asia Pacific Forklift Battery Market Outlook, By Lead-acid Battery (2017-2027) ($MN)
50 Asia Pacific Forklift Battery Market Outlook, By Nickel-cadmium Battery (2017-2027) ($MN)
51 Asia Pacific Forklift Battery Market Outlook, By Sodium-sulfur Battery (2017-2027) ($MN)
52 Asia Pacific Forklift Battery Market Outlook, By Ni-MH Battery (2017-2027) ($MN)
53 Asia Pacific Forklift Battery Market Outlook, By Fuel Cells (2017-2027) ($MN)
54 Asia Pacific Forklift Battery Market Outlook, By Application (2017-2027) ($MN)
55 Asia Pacific Forklift Battery Market Outlook, By Manufacturing (2017-2027) ($MN)
56 Asia Pacific Forklift Battery Market Outlook, By Construction (2017-2027) ($MN)
57 Asia Pacific Forklift Battery Market Outlook, By Warehousing (2017-2027) ($MN)
58 Asia Pacific Forklift Battery Market Outlook, By Retail & Wholesale Stores (2017-2027) ($MN)
59 Asia Pacific Forklift Battery Market Outlook, By Factories (2017-2027) ($MN)
60 Asia Pacific Forklift Battery Market Outlook, By Distribution Centers (2017-2027) ($MN)
61 South America Forklift Battery Market Outlook, By Country (2017-2027) ($MN)
62 South America Forklift Battery Market Outlook, By Battery Type (2017-2027) ($MN)
63 South America Forklift Battery Market Outlook, By Lithium-ion (LI-ion) Battery (2017-2027) ($MN)
64 South America Forklift Battery Market Outlook, By Lead-acid Battery (2017-2027) ($MN)
65 South America Forklift Battery Market Outlook, By Nickel-cadmium Battery (2017-2027) ($MN)
66 South America Forklift Battery Market Outlook, By Sodium-sulfur Battery (2017-2027) ($MN)
67 South America Forklift Battery Market Outlook, By Ni-MH Battery (2017-2027) ($MN)
68 South America Forklift Battery Market Outlook, By Fuel Cells (2017-2027) ($MN)
69 South America Forklift Battery Market Outlook, By Application (2017-2027) ($MN)
70 South America Forklift Battery Market Outlook, By Manufacturing (2017-2027) ($MN)
71 South America Forklift Battery Market Outlook, By Construction (2017-2027) ($MN)
72 South America Forklift Battery Market Outlook, By Warehousing (2017-2027) ($MN)
73 South America Forklift Battery Market Outlook, By Retail & Wholesale Stores (2017-2027) ($MN)
74 South America Forklift Battery Market Outlook, By Factories (2017-2027) ($MN)
75 South America Forklift Battery Market Outlook, By Distribution Centers (2017-2027) ($MN)
76 Middle East & Africa Forklift Battery Market Outlook, By Country (2017-2027) ($MN)
77 Middle East & Africa Forklift Battery Market Outlook, By Battery Type (2017-2027) ($MN)
78 Middle East & Africa Forklift Battery Market Outlook, By Lithium-ion (LI-ion) Battery (2017-2027) ($MN)
79 Middle East & Africa Forklift Battery Market Outlook, By Lead-acid Battery (2017-2027) ($MN)
80 Middle East & Africa Forklift Battery Market Outlook, By Nickel-cadmium Battery (2017-2027) ($MN)
81 Middle East & Africa Forklift Battery Market Outlook, By Sodium-sulfur Battery (2017-2027) ($MN)
82 Middle East & Africa Forklift Battery Market Outlook, By Ni-MH Battery (2017-2027) ($MN)
83 Middle East & Africa Forklift Battery Market Outlook, By Fuel Cells (2017-2027) ($MN)
84 Middle East & Africa Forklift Battery Market Outlook, By Application (2017-2027) ($MN)
85 Middle East & Africa Forklift Battery Market Outlook, By Manufacturing (2017-2027) ($MN)
86 Middle East & Africa Forklift Battery Market Outlook, By Construction (2017-2027) ($MN)
87 Middle East & Africa Forklift Battery Market Outlook, By Warehousing (2017-2027) ($MN)
88 Middle East & Africa Forklift Battery Market Outlook, By Retail & Wholesale Stores (2017-2027) ($MN)
89 Middle East & Africa Forklift Battery Market Outlook, By Factories (2017-2027) ($MN)
90 Middle East & Africa Forklift Battery Market Outlook, By Distribution Centers (2017-2027) ($MN)
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