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Global Industrial Battery Market for Material Handling Equipment 2017-2021

Global Industrial Battery Market for Material Handling Equipment 2017-2021

About Industrial Battery for Material Handling Equipment

An industrial battery is specifically designed for use in material handling equipment that requires both high energy density and power. Lead-acid batteries are the main battery type used in material handling equipment. Material handling equipment refers to a range of products that aid in the transportation and storage of materials. Such equipment enhances and streamlines supply chain distribution channels, increases the operational efficiency and the workflow in manufacturing, and manages warehouse operations for optimum utilization.

Technavio’s analysts forecast the global industrial battery market for material handling equipment to grow at a CAGR of 8.84% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial battery market for material handling equipment for 2017-2021. 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 Industrial Battery Market for Material Handling Equipment 2017-2021, 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
  • Trojan Battery
  • Valence Technology
Other prominent vendors
  • Chloride Exide
  • Crown Battery
  • EverExceed
  • Exide Industries
  • HOPPECKE
  • MIDAC Batteries
  • Navitas System
Market driver
  • Growth in global e-commerce
  • For a full, detailed list, view our report
Market challenge
  • High initial investment and maintenance cost for material handling equipment
  • For a full, detailed list, view our report
Market trend
  • Declining Li-ion battery prices
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Industrial Battery Market for Material Handling Equipment 2017-2021

Technavio recognizes the following companies as the key players in the global industrial battery market for material handling equipment: East Penn Manufacturing, EnerSys, Exide Technologies, Trojan Battery, and Valence Technology.

Other Prominent Vendors in the market are: Chloride Exide, Crown Battery, EverExceed, Exide Industries, HOPPECKE, MIDAC Batteries, and Navitas System.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is declining Li-ion battery prices. Li-ion batteries offer higher energy densities than lead-acid or nickel-metal hydride batteries. Having a high energy density means that the battery can store more electricity in the same size cell. This is what makes the Li-ion batteries suitable for use in electric vehicles (EVs).”

According to the report, one driver in the market is growth in global e-commerce. The global e-commerce market is anticipated to grow steadily and post an impressive CAGR of more than 12% by 2021. One of the crucial factors contributing to the development of the e-commerce market is the diverse portfolio in several product segments such as apparel, books, electronic gadgets, and cosmetics. E-commerce websites regularly update these categories, which not only attracts new customers but also retains customer loyalty.

Further, the report states that one challenge in the market is high initial investment and maintenance cost for material handling equipment. Material handling equipment require constant technical support and maintenance for smooth and effective operation. The maintenance cost of industrial trucks such as pallet trucks and forklifts can be particularly high in the manufacturing and construction sectors where they are exposed to hazardous conditions continuously, which accelerate the wear and tear and can lead to severe damage. This has made many end-users reluctant to use forklift trucks.

Companies Mentioned

East Penn Manufacturing, EnerSys, Exide Technologies, Trojan Battery, Valence Technology, Chloride Exide, Crown Battery, EverExceed, Exide Industries, HOPPECKE, MIDAC Batteries, and Navitas System.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
    • Global material handling equipment market overview
    • Global battery market overview
      • Table FLA battery VRLA battery
      • Table Structure of a Li-ion battery
  • Market landscape
    • Market overview
      • Table Global industrial battery market for material handling equipment
    • Market size and forecast
      • Table Global industrial battery market for material handling equipment 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by battery
    • Global industrial battery market for material handling equipment by battery
      • Table Global industrial battery market for material handling equipment by battery 2016 and 2021 (%)
      • Table Global industrial battery market for material handling equipment by battery 2016-2021 ($ billions)
    • Global industrial lead-acid battery market for material handling equipment
      • Table Global industrial lead-acid battery market for material handling equipment 2016-2021($ billions)
    • Global industrial Li-ion battery market for material handling equipment
      • Table Global industrial Li-ion battery market for material handling equipment 2016-2021 ($ billions)
  • Geographical segmentation
    • Global industrial battery market for material handling equipment by geography
      • Table Global Industrial battery market for material handling equipment by geography 2016-2021 (%)
      • Table Global Industrial battery market for material handling equipment by geography 2016-2021 ($ billions)
    • Industrial battery market for material handling equipment in APAC
      • Table Industrial battery market for material handling equipment in APAC 2016-2021 ($ billions)
    • Industrial battery market for material handling equipment in Americas
      • Table Industrial battery market for material handling equipment in Americas 2016-2021 ($ billions)
      • Table EV Everywhere Grand Challenge Blueprint program
    • Industrial battery market for material handling equipment in EMEA
      • Table Industrial battery market for material handling equipment in EMEA 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global e-commerce 2016-2021 ($ trillions)\
      • Table Global construction activities 2016-2021 ($ trillions)
      • Table Forklifts used in construction industry
    • Market challenges
  • Market trends
    • Shift in manufacturing bases
      • Table Labor wages in Asia 2000-2014 (% increase)
    • Declining Li-ion battery prices
    • Increasing focus toward AGVs
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors (Indicative list)
  • Key vendor analysis
    • East Penn Manufacturing
      • Table East Penn Manufacturing: Business segments
      • Table East Penn Manufacturing: Industrial battery product portfolio
    • EnerSys
      • Table EnerSys: Industrial battery product portfolio
    • Exide Technologies
      • Table Exide Technologies: Industrial battery product portfolio
    • Trojan Battery
      • Table Trojan Battery: Product segments\
      • Table Trojan Battery: Industrial battery product portfolio
    • Valence Technology
      • Table Valence Technology: Business segments
      • Table Valence Technology: Industrial battery product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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