FORKLIFT BATTERY MARKET, BY TYPE, APPLICATION, AND BY GEOGRAPHY- GLOBAL INDUSTRY ANALYSIS AND INDUSTRY FORECASTS 2020-2025.

Summary :
The global forklift battery market size is expected to reach USD xx billion by 2025 with respect to the market size of USD xx billion in the year 2019, according to a new report (COVID-19) version by Fusion Market Research, expanding at a CAGR of xx% during the forecast period. A forklift is the industrial utility vehicle that is being used for delivering, transferring goods from one location to another, and for heavy lifting purposes. These vehicles are driven by internal power source equipped with an internal combustion engine, fuel cell or battery. Battery driven power trucks come in two variant that is a lead-acid cell or lithium-ion cell. Owing to increasing requirement of cost-efficient machines for industrial purposes, a forklift-driven by battery is in demand. The benefits of having battery forklifts are energy efficient, low cost of maintenance, and consume less time for charging. Forklifts batteries come in various variants like 12V, 24V, 36V, 48V, 60V, 80V, and 96V. Other than forklift trucks, batteries made of lead-acid cell or lithium-ion cell are used in powered pallet jacks, aerial lifting machines, stackers, and others. Owing to rise in demand for low carbon emission vehicles for industrial use and high power efficient with less harmful gases emission, forklifts driven by battery are mostly in demand. Forklifts driven by battery within the food processing, manufacturing, and healthcare industries are increasing at a rapid pace. On a regional basis, Asia Pacific holds the largest market, owing to the rapid industrialization and construction activity, the market is estimated to grow with an approximate CAGR of xx% during the forecast period.

Owing to the rise in demand for less carbon footprint emitting machines and requirement for high performance-driven vehicles the market has shown rapid growth in the past few years. However, due to the presence of other alternatives like solar-powered forklift batteries and the existing internal combustion forklift vehicles, the market has shown a slow growth rate. Increasing government initiatives towards the use of battery-powered vehicles and development in power generation sector are projected to be an opportunity for the growth of the market. Considering the power source, the battery used for forklift have low energy in comparison to volume and weight ratio will be a challenge for market growth.

Get Free Sample Report @: https://www.fusionmarketresearch.com/sample_request/2015-2025-Global-Forklift-Battery-Market-Research-by-Type,-End-Use-and-Region-(COVID-19-Version)

The region of Asia Pacific holds the largest market share with anticipated revenue of USD xx billion in the year 2019 and is expected to generate revenue of USD xx billion by 2025. Owing to the major industrial revolution in sectors like manufacturing, food and beverages, constructions, electronics, and furniture has led to market growth. The market is estimated to grow at the fastest rate with an approximate CAGR of xx% during the forecast period. Europe region holds the second largest market with a calculated growth rate of USD xx billion in the year 2019 and is anticipated to grow by USD xx billion by 2025. Owing to regional contribution towards the development of clean energy, the Europe regions hold the largest market share in the segment of battery manufacturing. North America, the region is also anticipated to contribute a major share with estimated revenue of USD xx billion in the year 2019. The region is expected to grow at a moderate rate of xx% during the forecast period.

Global Forklift Battery Market Reports Major Highlights
1. On the basis of type, both batteries hold the major market share owing to its benefits, however, both batteries types have their own limitations which gets fulfilled by its substitutes.
2. The forklift battery market share in Asia-Pacific region is anticipated to witness the highest market share due to rapid growth in infrastructure development, rise in the government projects such as constructions of metro lines, airports, and railways. Also, there is a rise in the number of warehouses development in countries like India and China.
3. Global forklift battery market report includes the qualitative and quantitative data on different services being provided by the market leaders. It also covers the detailed report on the list of service providers, consumption, historical and forecast data for the year 2020-2025.
4. Global forklift battery market report includes extensive analysis in the use of forklift battery in different sectors like manufacturing, warehouses, food and beverages, constructions. The warehouse segment is anticipated to hold the major market share with an estimated revenue of USD xx billion in the year 2019.
5. The report share a detailed regional analysis of the global forklift battery market provides analysis on the presence of manufacturers, products, value chain analysis, company profile, product launch, and volume.

Global Forklift Battery Market- Segmentation
Fusion Market Research has segmented the global forklift battery market based on type, application, and region.
Global Forklift Battery Market Deployment Type Outlook (Revenue, USD Billion, 2020-2025)
• Lead-Acid Battery
• Lithium-Ion Battery
• Others
Global Forklift Battery Market Application Outlook (Revenue, USD Billion, 2020-2025)
• Warehousing
• Construction
• Logistics
• Manufacturing
• Others
Global Forklift Battery Market Regional Outlook (Revenue, USD Billion, 2020-2025)

• North America
• The U.S.
• Canada
• Europe
• The U.K.
• Germany
• France
• Italy
• Spain
• Asia Pacific
• India
• Japan
• China
• Australia
• South Korea
• Latin America
• Brazil
• Mexico
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE

Global Forklift Battery Market- Competitive Landscape
Forklift battery market is considered to be fragmented market owing to the presence of big and small players working on the same product line. The list of key players are:

• EnerSys
• Hoppecke
• Exide Technologies
• Johnson Controls
• Hitachi Chemical
• Amara Raja
• Sebang
• East Penn Manufacturing
• SYSTEMS SUNLIGHT
• Tianneng Battery Group
• Triathlon Batterien GmbH
• AtlasBX
• C&D Technologies
• Crown Battery
• Banner Batteries
• TAB
• LEOCH
• MIDAC
• SBS Battery
• BAE Batterien
• Zibo Torch Energy
• GS Yuasa

Check Discount @; https://www.fusionmarketresearch.com/request_discount/2015-2025-Global-Forklift-Battery-Market-Research-by-Type,-End-Use-and-Region-(COVID-19-Version)
Table of Contents
Part 1 Market Overview

Part 2 Key Companies

Part 3 Global Market Status and Future Forecast

Part 4 Asia-Pacific Market Status and Future Forecast

Part 5 Europe Market Status and Future Forecast

Part 6 North America Market Status and Future Forecast

Part 7 South America Market Status and Future Forecast

Part 8 Middle East & Africa Market Status and Future Forecast

Part 9 Market Features

Part 10 Investment Opportunity

PART 11 Coronavirus Impact

Part 12 Conclusion
Continue...

CONTACT US :

sales@fusionmarketresearch.com

+(210) 775-2636

ADDRESS
Pride Icon, Office No - 709,Thite Nagar, Kharadi,Pune, Maharashtra, India 411014

Fusion Market Research™ is one of the largest collections of market research reports from numerous publishers. We have a team of industry specialists providing unbiased insights on reports to best meet the requirements of our clients. We offer a comprehensive collection of competitive market research reports from a number of global leaders across industry segments.

This release was published on openPR.