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Global Forklift Battery Market 2018-2022

Global Forklift Battery Market 2018-2022

About Forklift Battery

Forklift batteries require high power and energy density. Lead-acid batteries were commonly used in forklifts. However, Li-ion batteries are also now being used in forklifts.

Technavio’s analysts forecast the global forklift battery market to grow at a CAGR of 8.86% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global forklift battery market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Forklift Battery Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • East Penn Manufacturing
  • EnerSys
  • Exide Technologies
  • HOPPECKE Batterien
  • Saft
Market driver
  • Increasing demand for electric forklift applications
  • For a full, detailed list, view our report
Market challenge
  • Replacement of electric forklifts with fuel cell forklifts
  • For a full, detailed list, view our report
Market trend
  • Legislative support for battery recycling
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Forklift Battery Market 2018-2022

Technavio recognizes the following companies as the key players in the global forklift battery market: East Penn Manufacturing, EnerSys, Exide Technologies, HOPPECKE Batterien, and Saft.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is legislative support for battery recycling. Several forklift battery manufacturers in the US are collaborating with each other to establish the Corporation for Battery Recycling (CBR) to support battery recycling for future use. Similarly, the European Union has imposed stringent restrictions for battery recycling.”

According to the report, one driver in the market is increasing demand for electric forklift applications. Owing to their low GHG emissions and noise levels, various end-user industries including paper printing, automotive, food and beverages, logistics, and others have increased the use of electric or battery-powered forklifts.

Further, the report states that one challenge in the market is replacement of electric forklifts with fuel cell forklifts. Forklift batteries are used in warehouses, which operate three to four shifts every day. These batteries must be replaced or charged more than once a day, which causes delays in the operations of warehouses.

Companies Mentioned

East Penn Manufacturing
EnerSys
Exide Technologies
HOPPECKE Batterien
Saft

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global battery market: Segments
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Global forklift battery market: Segments
  • Market sizing
    • Market definition
      • Table Market definition: Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global forklift battery market: Market size and forecast 2017-2022 ($ bn)
      • Table Global forklift battery market: Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition: Five forces 2017
  • Market segmentation by application
    • Overview
  • Market segmentation by battery type
    • Segmentation by battery type
      • Table Segmentation by battery type: Market share 2017-2022 (%)
    • Comparison by battery type
      • Table Comparison by battery type
    • Lead-acid battery - Market size and forecast 2017-2022
      • Table Lead-acid battery: Market size and forecast 2017-2022 ($ bn)
      • Table Lead-acid battery: Year-over-year growth 2018-2022 (%)
    • Li-ion battery - Market size and forecast 2017- 2022
      • Table Li-ion battery: Market size and forecast 2017-2022 ($ bn)
      • Table Li-ion battery: Year-over-year growth 2018-2022 (%)
    • Market opportunity by battery type
      • Table Market opportunity by battery type
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Segmentation by geography: Market share 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table Forklift battery market in APAC: Market size and forecast 2017-2022 ($ bn)
      • Table Forklift battery market in APAC: Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table Forklift battery market in EMEA: Market size and forecast 2017-2022 ($ bn)
      • Table Forklift battery market in EMEA: Year-over-year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table Forklift battery market in Americas: Market size and forecast 2017-2022 ($ bn)
      • Table Forklift battery market in Americas: Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global e-commerce market 2017-2022 ($ trillions)
    • Market challenges
      • Table Major fuel cell technologies
      • Table Major projects that use fuel cell forklift in US
  • Market trends
    • Legislative support for battery recycling
    • Growing demand for VRLA batteries
    • Increasing adoption of AGVs
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • East Penn Manufacturing
      • Table East Penn Manufacturing*: Overview
      • Table East Penn Manufacturing: Business segments
      • Table East Penn Manufacturing: Organizational developments
      • Table East Penn Manufacturing: Key offerings
    • EnerSys
      • Table EnerSys: Overview
      • Table EnerSys: Business segments
      • Table EnerSys: Organizational developments
      • Table EnerSys: Geographic focus
      • Table EnerSys: Segment focus
      • Table EnerSys: Key offerings
    • Exide Technologies
      • Table Exide Technologies*: Overview
      • Table Exide Technologies: Business segments
      • Table Exide Technologies: Organizational developments
      • Table Exide Technologies: Key offerings
    • HOPPECKE Batterien
      • Table HOPPECKE Batterien*: Overview
      • Table HOPPECKE Batterien: Business segments
      • Table HOPPECKE Batterien: Organizational developments
      • Table HOPPECKE Batterien: Key offerings
    • Saft
      • Table Saft: Overview
      • Table Saft: Business segments
      • Table Saft: Organizational developments
      • Table Saft: Geographic focus
      • Table Saft: Segment focus
      • Table Saft: Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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