Forklift Battery Market , by Type (Lead–Acid, Lithium ion (Li-ion), and Others), by Application (Construction, Manufacturing, Warehouses, Retail & Wholesale Stores, and Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA) Global Opportunity Analysis and Industry Forecast, 2019–2026
- RES4072085
- 130 Pages
- February 2020
- Energy and Power
Forklift is one of the significantly used powered trucks for fast lifting of heavy products in various purposes such as inventory management and constructions. Forklift trucks are powered by electricity, gasoline and diesel. Increasing demand for forklifts worldwide is one of the major factors anticipated to drive the forklift battery market. For instance, according to Solus Group, the demand for forklifts is doubled across the globe from year 2009 to 2018. Technical innovations in forklift batteries like smart grid energy battery services coupled with cloud-based forklift battery are expected to foster the forklift battery market growth. Daily Price fluctuations of lead are expected to decline the growth of forklift battery market. Nowadays solar and wind powered forklift batteries are anticipated to drive the forklift battery market growth; in this technology, solar panels consumes sunlight and then after the energy has converted and stored into batteries. California invested heavily in solar energy projects. Moreover, forklift batteries have also applications in motorbike batteries and RV batteries. Forklift battery is also preferable for home appliances.
On the basis of type, global forklift battery market is fragmented into Lead-acid, Lithium ion (Li-ion) and others. Lead-acid batteries have the major share in the global market and it has registered a revenue of $3,228.2 million in 2018 and is projected to generate a revenue of $5,462.3 million by the end of year 2026. Lithium ion (Li-ion) batteries, is the rapidly growing segment in forklift battery market and it shall generate a revenue of $1,348.5 million by 2026.
On the basis of application, the global market is categorized into, manufacturing, construction, retail & wholesale stores, warehouses and others. The Warehouse segment, is the fastest growing segment of forklift battery market and it shall generate a revenue of $1,711.7 million by 2026. Manufacturing segment has a dominant share and it has registered a revenue of $1,227.0 million by 2018 and is expected to surpass $2,066.2 million during the projected period.
Europe share for forklift battery market is expected to grow at a healthy CAGR of 7.0% by registering a revenue of $1,553.5 million in 2026. Asia-Pacific forklift battery market is anticipated to drive at a CAGR of 6.4% by generating a revenue of $2,704.2 million in 2026.
Major forklift battery market players include Crown Equipment Corporation, EnerSys, Hoppecke Microtex Energy Private Limited, East Penn Manufacturing Company, SBS Storage Battery Systems, LLC., Navitas Systems, Saft, Southwest Battery Company and EXIDE INDUSTRIES LTD
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.4.1. Assumptions
1.4.2. Forecast parameters
1.5. Data sources
1.5.1. Primary
1.5.2. Secondary
2. Executive Summary
2.1. 360° summary
2.2. Battery Type trends
2.3. Application trends
3. Market Overview
3.1. Market segmentation & definitions
3.2. Key takeaways
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview
3.8.1. By Battery Type
3.8.2. By Application
3.9. Market value chain analysis
3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors
3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors
3.10. Strategic overview
4. Forklift Battery Market, by Forklift Battery Type
4.1. Lead-acid
4.1.1. Market size and forecast, by region, 2018-2026
4.1.2. Comparative market share analysis, 2018 & 2026
4.2. Lithium ion (Li-ion)
4.2.1. Market size and forecast, by region, 2018-2026
4.2.2. Comparative market share analysis, 2018 & 2026
4.3. Others
4.3.1. Market size and forecast, by region, 2018-2026
4.3.2. Comparative market share analysis, 2018 & 2026
5. Forklift Battery Market, by Application
5.1. Construction
5.1.1. Market size and forecast, by region, 2018-2026
5.1.2. Comparative market share analysis, 2018 & 2026
5.2. Manufacturing
5.2.1. Market size and forecast, by region, 2018-2026
5.2.2. Comparative market share analysis, 2018 & 2026
5.3. Warehouses
5.3.1. Market size and forecast, by region, 2018-2026
5.3.2. Comparative market share analysis, 2018 & 2026
5.4. Retail & Wholesale Stores
5.4.1. Market size and forecast, by region, 2018-2026
5.4.2. Comparative market share analysis, 2018 & 2026
5.5. Others
5.5.1. Market size and forecast, by region, 2018-2026
5.5.2. Comparative market share analysis, 2018 & 2026
6. Forklift Battery Market, by Region
6.1. North America
6.1.1. Market size and forecast, by forklift battery type, 2018-2026
6.1.2. Market size and forecast, by application, 2018-2026
6.1.3. Market size and forecast, by country, 2018-2026
6.1.4. Comparative market share analysis, 2018 & 2026
6.1.5. U.S.
6.1.5.1. Market size and forecast, by forklift battery type, 2018-2026
6.1.5.2. Market size and forecast, by application, 2018-2026
6.1.5.3. Comparative market share analysis, 2018 & 2026
6.1.6. Canada
6.1.6.1. Market size and forecast, by forklift battery type, 2018-2026
6.1.6.2. Market size and forecast, by application, 2018-2026
6.1.6.3. Comparative market share analysis, 2018 & 2026
6.2. Europe
6.2.1. Market size and forecast, by forklift battery type, 2018-2026
6.2.2. Market size and forecast, by application, 2018-2026
6.2.3. Market size and forecast, by country, 2018-2026
6.2.4. Comparative market share analysis, 2018 & 2026
6.2.5. Germany
6.2.5.1. Market size and forecast, by forklift battery type, 2018-2026
6.2.5.2. Market size and forecast, by application, 2018-2026
6.2.5.3. Comparative market share analysis, 2018 & 2026
6.2.6. UK
6.2.6.1. Market size and forecast, by forklift battery type, 2018-2026
6.2.6.2. Market size and forecast, by application, 2018-2026
6.2.6.3. Comparative market share analysis, 2018 & 2026
6.2.7. France
6.2.7.1. Market size and forecast, by forklift battery type, 2018-2026
6.2.7.2. Market size and forecast, by application, 2018-2026
6.2.7.3. Comparative market share analysis, 2018 & 2026
6.2.8. Spain
6.2.8.1. Market size and forecast, by forklift battery type, 2018-2026
6.2.8.2. Market size and forecast, by application, 2018-2026
6.2.8.3. Comparative market share analysis, 2018 & 2026
6.2.9. Italy
6.2.9.1. Market size and forecast, by forklift battery type, 2018-2026
6.2.9.2. Market size and forecast, by application, 2018-2026
6.2.9.3. Comparative market share analysis, 2018 & 2026
6.2.10. Rest of Europe
6.2.10.1. Market size and forecast, by forklift battery type, 2018-2026
6.2.10.2. Market size and forecast, by application, 2018-2026
6.2.10.3. Comparative market share analysis, 2018 & 2026
6.3. Asia Pacific
6.3.1. Market size and forecast, by forklift battery type, 2018-2026
6.3.2. Market size and forecast, by application, 2018-2026
6.3.3. Market size and forecast, by country, 2018-2026
6.3.4. Comparative market share analysis, 2018 & 2026
6.3.5. China
6.3.5.1. Market size and forecast, by forklift battery type, 2018-2026
6.3.5.2. Market size and forecast, by application, 2018-2026
6.3.5.3. Comparative market share analysis, 2018 & 2026
6.3.6. India
6.3.6.1. Market size and forecast, by forklift battery type, 2018-2026
6.3.6.2. Market size and forecast, by application, 2018-2026
6.3.6.3. Comparative market share analysis, 2018 & 2026
6.3.7. Australia
6.3.7.1. Market size and forecast, by forklift battery type, 2018-2026
6.3.7.2. Market size and forecast, by application, 2018-2026
6.3.7.3. Comparative market share analysis, 2018 & 2026
6.3.8. Rest of Asia Pacific
6.3.8.1. Market size and forecast, by forklift battery type, 2018-2026
6.3.8.2. Market size and forecast, by application, 2018-2026
6.3.8.3. Comparative market share analysis, 2018 & 2026
6.4. LAMEA
6.4.1. Market size and forecast, by forklift battery type, 2018-2026
6.4.2. Market size and forecast, by application, 2018-2026
6.4.3. Market size and forecast, by country, 2018-2026
6.4.4. Comparative market share analysis, 2018 & 2026
6.4.5. Latin America
6.4.5.1. Market size and forecast, by forklift battery type, 2018-2026
6.4.5.2. Market size and forecast, by application, 2018-2026
6.4.5.3. Comparative market share analysis, 2018 & 2026
6.4.6. Middle East
6.4.6.1. Market size and forecast, by forklift battery type, 2018-2026
6.4.6.2. Market size and forecast, by application, 2018-2026
6.4.6.3. Comparative market share analysis, 2018 & 2026
6.4.7. Africa
6.4.7.1. Market size and forecast, by forklift battery type, 2018-2026
6.4.7.2. Market size and forecast, by application, 2018-2026
6.4.7.3. Comparative market share analysis, 2018 & 2026
7. Company Profiles
7.1. EnerSys
7.1.1. Business overview
7.1.2. Financial performance
7.1.3. Product portfolio
7.1.4. Recent strategic moves & developments
7.1.5. SWOT analysis
7.2. Crown Equipment Corporation
7.2.1. Business overview
7.2.2. Financial performance
7.2.3. Product portfolio
7.2.4. Recent strategic moves & developments
7.2.5. SWOT analysis
7.3. East Penn Manufacturing Company
7.3.1. Business overview
7.3.2. Financial performance
7.3.3. Product portfolio
7.3.4. Recent strategic moves & developments
7.3.5. SWOT analysis
7.4. EXIDE INDUSTRIES LTD.
7.4.1. Business overview
7.4.2. Financial performance
7.4.3. Product portfolio
7.4.4. Recent strategic moves & developments
7.4.5. SWOT analysis
7.5. Hoppecke Microtex Energy Private Limited
7.5.1. Business overview
7.5.2. Financial performance
7.5.3. Product portfolio
7.5.4. Recent strategic moves & developments
7.5.5. SWOT analysis
7.6. Navitas Systems
7.6.1. Business overview
7.6.2. Financial performance
7.6.3. Product portfolio
7.6.4. Recent strategic moves & developments
7.6.5. SWOT analysis
7.7. Saft
7.7.1. Business overview
7.7.2. Financial performance
7.7.3. Product portfolio
7.7.4. Recent strategic moves & developments
7.7.5. SWOT analysis
7.8. Southwest Battery Company
7.8.1. Business overview
7.8.2. Financial performance
7.8.3. Product portfolio
7.8.4. Recent strategic moves & developments
7.8.5. SWOT analysis
7.9. SBS Storage Battery Systems, LLC
7.9.1. Business overview
7.9.2. Financial performance
7.9.3. Product portfolio
7.9.4. Recent strategic moves & developments
7.9.5. SWOT analysis
7.10. Johnson Controls
7.10.1. Business overview
7.10.2. Financial performance
7.10.3. Product portfolio
7.10.4. Recent strategic moves & developments
7.10.5. SWOT analysis
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