Press release
Forklift Battery Market Analysis, Size, Share, Growth, Trends, and Forecast 2029 -EnerSys,Hitachi Chemical,GS Yuasa
Global Forklift Battery Market size was valued at USD 4.64 billion in 2021 and is poised to grow from USD 4.90 billion in 2022 to USD 7.52 billion by 2030, at a CAGR of 5.6% during the forecast period (2023-2029).
Some of the Major Key players profiled in the study are Players and Others.
The global Forklift Battery Market offers an insightful study of the prevailing demand and supply trends, important fiscal statistics of major players sustaining in the market, and the influence of latest economic advancements on the market. Developments in each geographical region are charted using authentic historical data with a view to help gauge the future trajectory of the market across the globe. SWOT analysis is conducted to identify the strengths, weaknesses, opportunities, and threats that these companies forecast to witness during the forecast period.EnerSys,Hitachi Chemical,GS Yuasa,Hoppecke,East Penn Manufacturing,Exide Technologies,MIDAC,SYSTEMS SUNLIGHT S.A.,ECOBAT Battery Technologies,Triathlon Batterien GmbH,Crown Battery,Amara Raja,Storage Battery Systems, LLC,BAE Batterien,Banner Batteries,Saft,Electrovaya,Flux Power Holdings, Inc,FAAM (Seri Industrial),Tianneng Battery Group,LEOCH,Zibo Torch Energy,Shandong Sacred Sun Power Sources Co.,Camel Group,Western Electrical Co,Jiangsu Frey New Energy Co,Yingde Aokly Power Co,Yantai Goldentide Unikodi Battery Co,BSLBATT and others
Industry News:
In July 2022, UgoWork, a Canadian energy solutions provider that specializes in lithium-ion batteries for industrial trucks, launched an industry-first end-to-end forklift battery management solution. UgoWork provides unrivalled products, services, and plans for the entire lifecycle of forklift batteries.
In March 2022, Flux Power Holdings, Inc., a developer of advanced lithium-ion energy storage solutions for the electrification of commercial & industrial equipment, launched its new L36 lithium-ion battery pack for tree-wheel forklifts at MODEX 2022, the world's largest manufacturing & supply chain tradeshow. The new L36 lithium-ion battery pack assists businesses in addressing the existing performance challenges within their operations.
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Key Offerings:
Market Size & Forecast by Revenue | 2023-2029
Market Dynamics - Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation - A detailed analysis By Type, By End-Use, By Application, and By Region
Competitive Landscape - Top Key Vendors and Other Prominent Vendors
Global Forklift Battery Market Segmentation:
Market Segmentation: By Type
Lead-Acid Battery
Li-Ion Battery
Market Segmentation: By Application
Warehouses
Factories
Distribution Centers
Others
The following areas and countries are covered in the worldwide Forklift Battery market file:
-North America (United States, Canada and Mexico)
-Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
-Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
-South America (Brazil, Argentina, Colombia, and Rest of South America)
-Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Asia Pacific forklift battery market accounted for about 35% of the global share in 2022. The region has a significant industrial & warehousing sector, with numerous manufacturing plants, distribution centers, and warehouses. The demand for forklift batteries is driven by the need to efficiently & sustainably power these forklifts. The growing trend of using electric forklifts in Asia Pacific can be attributed to rising environmental concerns, the regulations promoting sustainable practices, and the desire to reduce operating costs. Electric forklifts are powered by batteries, which spurs the product demand to support this transition.
Major Points Covered in Table of Contents:
- Forklift Battery Market Overview
- global Forklift Battery Market Competition by Manufacturers
- Capacity, Production, Revenue (Value) by Region (2017-2022)
- Supply (Production), Consumption, Export, Import by Region (2017-2022)
- Production, Revenue (Value), Price Trend by Type
- Forklift Battery Market Analysis by Application
- Forklift Battery Manufacturers Profiles/Analysis
- Forklift Battery Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Forklift Battery Market Forecast (2023-2029)
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Highlighting points of Global Forklift Battery Market Report:
The global market report provides an exhaustive qualitative and quantitative analysis to provide insight into the industry.
This Forklift Battery market insight includes data from significant participants such as marketers, industry experts, and investors.
The market report's objective is to provide an exhaustive perspective from all stakeholders for young marketers and entrepreneurs.
Trends and drivers are discussed in the Forklift Battery Market Report
The global market report delivers an overview of the global competitive environment.
It provides details about the market, its share, and revenue.
Report Includes Following Questions:
-What is the anticipated growth rate of the global market in the forecast period?
-Which regional segment is estimated to account for a massive share of the global Forklift Battery Market?
-What are the primary driving factors of the global Market?
-Which current trends are likely to offer promising growth prospects in the next few years?
-How is the competitive landscape of the global Forklift Battery Market at present?
-How has the covid-19 impacted the growth of the?
-Which latest trends are anticipated to offer potential growth prospected in the coming years?
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We Offer Customization on Report Based on Specific Client Requirement:
- Free Country Level analysis for any 5 countries of your choice.
- Free Competitive analysis of any 5 key market players.
- Free 40 analyst hours to cover any other data point.
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Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Market Insights Reports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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