U.S. Forklift Battery Market Outlook, Opportunity and Demand Analysis Report by 2030

U.S. forklift battery market was estimated at $810.5 million in 2020 and is expected to hit $1.78 billion by 2030, registering a CAGR of 8.5% from 2021 to 2030. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends.

Download Report Sample (138 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/7888

Forklift battery is used to power the electric forklifts for proper material handling in various applications, including warehouses, manufacturing, construction, and others. Forklift batteries are classified on the basis of type, including lithium-ion, lead-acid, fuel cell, absorbed glass mat, and others. In the above-mentioned industries, there is need of material handling equipment for loading and unloading of materials & products, which is fulfilled with the help of electric forklifts.

Emergence of fuel cell forklifts as an alternative to the electric forklift and expanding warehouse spaces and the manufacturing industry drive the growth of the U.S. forklift battery market. On the other hand, high cost associated with lithium-ion battery restrains the growth to some extent. However, penetration of green logistics is expected to create lucrative opportunities in the industry.

The U.S. forklift battery market is analyzed across type, capacity, and application.

Based on capacity, the 0-600 Ahr segment accounted for more than three-fifths of the total market share in 2020, and is anticipated to rule the roost by 2030. The same segment would also register the fastest CAGR of 8.7% during the forecast period.

Based on type, the lead acid battery segment contributed to more than three-fourths of the total market revenue in 2020, and is expected to lead the trail by the end of 2030. The Lithium Ion segment, however, would exhibit the fastest CAGR of 8.4% throughout the forecast period.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/7888

Based on application, the warehouses segment accounted for more than one-fourth of the total market revenue in 2019, and is anticipated to rule the roost by the end of 2027. The same segment would manifest the fastest CAGR of 9.1% during the forecast period.

The U.S. forklift battery market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the report include Crown Equipment Corporation, East Penn Manufacturing Company, Enersys, Storage Battery Systems, LLC, Exide Technologies, Flux Power Holdings, Inc., Total SE, Bulldog Battery Corporation, OneCharge, and ForeverPure Corporation. Other players operating in the value chain of the U.S. forklift battery market are NITCO, American Battery Company, Power Battery Company, Inc., Dyno Battery, Inc., Union Battery Corporation, and others.

Key Findings of The Study
• In 2019, the lead acid battery segment accounted for majority of the share of the U.S. forklift battery market, and is expected to maintain its lead throughout the forecast period.
• In 2019, the lead acid battery segment accounted for around 77.7% of the share in the U.S. forklift battery market, and is expected to maintain its dominance till the end of the forecast period.
• In 2019, the 0-600 Ahr battery capacity segment is accounted for 62.8% market share in 2019, and is anticipated to grow at a rate of 7.2% in terms of revenue, increasing its share in the U.S. forklift battery market.
• Warehouses is the fastest-growing segment in the U.S. forklift battery market, expected to grow at a CAGR of 7.6% during 2020-2027.
• In 2019, warehouses dominated the U.S. forklift battery market with more than 29.2% of the share, in terms of revenue

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

About us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

This release was published on openPR.