Europe Forklift Battery Market is estimated to grow with a CAGR of 6.2% from 2021-2028 | EnerSys, Exide Industries Limited, ForeverPure Corporation

The forklift battery market in Europe is expected to grow from US$ 1,326.58 million in 2021 to US$ 2,027.54 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028.

With the emergence of e-commerce and rising digital literacy among the consumers, the logistics industry has been growing rapidly in the recent years and this trend has increased the demand of forklift trucks. In addition, factors such as rising disposable incomes, dual-income households, and constant urbanization have encouraged consumers across both developed and emerging economies to adopt trend of doing online shopping. This has further resulted in the rapid development of retail channels requiring efficient inventory management and warehousing solutions to ensure timely delivery of applications to customer.

Browse Full Report - https://www.businessmarketinsights.com/reports/europe-forklift-battery-market/?utm_source=OpenPR&utm_medium=10470

Hence the emergence of consumer retail sector is positively impacting to the forklift battery market as the retail business development is bolstering the demand for forklift trucks. Also, in recent time, the pharmaceutical companies has witnessed a sudden spike in demand for medicine and healthcare equipment due to the ongoing COVID-19 pandemic. Hence, to ensure delivery of medicines and equipment on time, the swift logistics operations need came into the picture and subsequently various companies including pharmaceutical and consumer goods have started engaging with logistics service providers for catering the customized demands of the consumers. Hence, the ongoing development is expected to increase the demand for forklift trucks to maintain smooth material handling operations at warehouses and the following development is positively impacting to the Europe forklift battery market.

Get Sample Copy of this North America Forklift Battery Market research report at - https://www.businessmarketinsights.com/sample/TIPRE00027775/?utm_source=OpenPR&utm_medium=10470

Major Key players covered in this report:

• Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
• Crown Equipment Corporation
• East Penn Manufacturing Company
• EnerSys
• Exide Industries Limited
• ForeverPure Corporation
• Microtex Energy Private Limited
• Saft Groupe SA

NORTH AMERICA FORKLIFT BATTERY MARKET SEGMENTATION

North America Forklift Battery Market, by Type

• Lithium ion
• Lead-Acid
• Others

North America Forklift Battery Market, by Application

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

Order a Copy of this North America Forklift Battery Market research report at - https://www.businessmarketinsights.com/buy/single/TIPRE00027775/?utm_source=OpenPR&utm_medium=10470

The impact of the COVID-19 pandemic differed in every country across Europe as selected countries witnessed an increase in the number of cases and subsequently attracted strict as well as longer lockdown periods or social isolation. Western European countries such as Germany, France, Russia, and the UK experienced a comparatively modest decrease in their growth activities in 2020 because of their strong healthcare systems. Moreover, European governments made tremendous investments in incorporating technologies in their healthcare systems for the efficient diagnosis of the disease.

Contact US:

Business Market Insights
Phone: +442081254005
E-Mail ID: sales@businessmarketinsights.com
Web URL: https://www.businessmarketinsights.com/
LinkedIn URL: https://www.linkedin.com/company/business-market-insights/

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

This release was published on openPR.