The U.S. Forklift Battery Market by Type (Lithium-ion, Lead Acid, Fuel Cell, and Others), Capacity (0-600 Ahr, 600-1200 Ahr, and above 1,200 Ahr), and Application (Warehouses, Manufacturing, Construction, Retail & Wholesale Stores, and Others): Country Opportunity Analysis and Industry Forecast, 2020–2027
- ALL4162509
- 128 Pages
- October 2020
- Energy and Power
Electric forklift is the material handling equipment used to load, unload, and move the products or materials sizing from low to heavy capacity. It is widely used in the industries such as warehousing, manufacturing, construction, transportation, and others. It needs energy storage systems/batteries to lift up the load and its movement. Forklift battery is the key component used in the electric forklifts for the above-mentioned purposes. Electric forklift offers benefits such as less cost than other conventional forklifts, environmentally friendly, and others.
Emergence of fuel cell forklifts as an alternative to the electric forklift along with increase in investment toward public and private sectors to maintain the lead in hydrogen economy is expected to drive the growth of the market in the upcoming years. Moreover, growth in the manufacturing and retail & wholesale sectors in the U.S. needs to expand space in warehouses for their product storages. Thus, for the loading, unloading, and material handling there is need of electric forklift, which in turn drives the forklift battery market growth in the U.S. Moreover, growth in awareness toward minimizing environmental pollution and rapid growth in the green logistics is expected to create opportunity in the U.S. forklift battery market during the forecast period.
The U.S. forklift battery market is segmented into type, capacity, and application. Depending on type, the market is categorized into lithium-ion battery, lead acid battery, fuel cell battery, and others. On the basis of capacity, it is bifurcated into 0-600 Ahr, 600-1200 Ahr, and above 1200 Ahr. The applications covered in the study include warehouses, manufacturing, construction, retail & wholesale stores, and others.
KEY BENEFITS FOR STAKEHOLDERS
The report includes in-depth analysis of different segments and provides market estimations between 2020 and 2027.
A comprehensive analysis of the factors that drive and restrict the growth of the U.S. forklift battery market is provided.
Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
Estimations and forecast are based on factors impacting the U.S. forklift battery market growth, in terms of value.
The key market players are profiled to gain an understanding of the strategies adopted by them.
This report provides a detailed analysis of the current trends and future estimations from 2020 to 2027, which help to identify the prevailing market opportunities.
KEY MARKET SEGMENTS
By Type
• Lithium-Ion Battery
• Lead Acid Battery
• Fuel Cell Battery
• Others
By Capacity
• 0-600 Ahr
• 600-1200 Ahr
• Above 1200 Ahr
By Application
• Warehouses
• Manufacturing
• Construction
• Retail & Wholesale Stores
• Others
KEY MARKET PLAYERS
• Crown Equipment Corporation
• East Penn Manufacturing Company
• Enersys
• Storage Battery Systems, LLC
• Exide Technologies
• Flux Power Holdings, Inc.
• Total SE
• Bulldog Battery Corporation
• OneCharge
• 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.
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key forces shaping the market
3.3.Value chain analysis
3.4.Top investment pockets
3.5.Patent analysis
3.5.1.By region, 2013–2020
3.6.Market dynamics
3.6.1.Drivers
3.6.1.1.Emergence of fuel cell forklifts as an alternative to the electric forklift
3.6.1.2.Expanding warehouse spaces and the manufacturing industry
3.6.2.Restraints
3.6.2.1.High cost associated with lithium-ion battery
3.6.3.Opportunity
3.6.3.1.Growth in penetration of green logistics
3.7.Impact of government rules and regulations
3.7.1.Occupational Health and Safety Act (OSHA) clauses pertinent to condition of powered forklift trucks
3.8.Impact of COVID-19 outbreak on the market
3.9.Barrier to lithium-ion battery penetration in the market
3.10.Competitive Factors of Forklift Batteries
3.11.Pricing analysis forklift batteries
3.12.Market share analysis
3.13.Distributor analysis
CHAPTER 4:U.S. FORKLIFT BATTERY MARKET, BY TYPE
4.1.Overview
4.1.1.Market size and forecast
4.2.Lithium-ion battery
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, 2019-2027 ($Million)
4.3.Lead acid battery
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, 2019-2027 ($Million)
4.4.Fuel cell battery
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, 2019-2027 ($Million)
4.5.Others
4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, 2019-2027 ($Million)
CHAPTER 5:U.S. FORKLIFT BATTERY MARKET, BY CAPACITY
5.1.Overview
5.1.1.Market size and forecast
5.2.0-600 Ahr
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, 2019-2027 ($Million)
5.3.600-1200 Ahr
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, 2019-2027 ($Million)
5.4.Above 1,200 Ahr
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, 2019-2027 ($Million)
CHAPTER 6:U.S. FORKLIFT BATTERY MARKET, BY APPLICATION
6.1.Overview
6.1.1.Market size and forecast
6.2.Warehouses
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, 2019-2027 ($Million)
6.3.Manufacturing
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, 2019-2027 ($Million)
6.4.Construction
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, 2019-2027 ($Million)
6.5.Retail & wholesale stores
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, 2019-2027 ($Million)
6.6.Others
6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, 2019-2027 ($Million)
CHAPTER 7:COMPETITIVE LANDSCAPE
7.1.Introduction
7.1.1.Market player positioning, 2019
7.2.Top winning strategies
7.2.1.Top winning strategies, by year
7.2.2.Top winning strategies, by development
7.2.3.Top winning strategies, by company
7.3.Product Mapping of Top 10 Players
7.4.Competitive heatmap
7.5.Key developments
7.5.1.New product launches
7.5.2.Agreement
7.5.3.Acquisitions
7.5.4.Product Development
7.5.5.Partnerships
CHAPTER 8:COMPANY PROFILES
8.1.CROWN EQUIPMENT CORPORATION
8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Product portfolio
8.1.4.Key strategic moves and developments
8.2.EAST PENN MANUFACTURING COMPANY
8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Product portfolio
8.2.4.Key strategic moves and developments
8.3.ENERSYS
8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance
8.3.6.Key strategic moves and developments
8.4.STORAGE BATTERY SYSTEMS, LLC
8.4.1.Company overview
8.4.2.Company Snapshot
8.4.3.Product portfolio
8.5.EXIDE TECHNOLOGIES
8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Product portfolio
8.5.4.Key strategic moves and developments
8.6.FLUX POWER HOLDINGS, INC.
8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Product portfolio
8.6.4.Business performance
8.6.5.Key strategic moves and developments
8.7.TOTAL SE
8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.Business performance
8.8.BULLDOG BATTERY CORPORATION
8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Product portfolio
8.9.ONECHARGE
8.9.1.Company overview
8.9.2.Company Snapshot
8.9.3.Product portfolio
8.9.4.Key strategic moves and developments
8.10.FOREVERPURE CORPORATION
8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Product portfolio
TABLE 01.U.S. FORKLIFT BATTERY MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 02.U.S. FORKLIFT BATTERY MARKET, BY CAPACITY, 2019–2027 ($MILLION)
TABLE 03.U.S. FORKLIFT BATTERY MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 04.KEY NEW PRODUCT LAUNCHES (2017-2020)
TABLE 05.KEY AGREEMENT (2017-2020)
TABLE 06.KEY ACQUISITIONS (2017-2020)
TABLE 07.KEY PRODUCT DEVELOPMENT (2017-2020)
TABLE 08.KEY PARTNERSHIPS (2017-2020)
TABLE 09.CROWN: COMPANY SNAPSHOT
TABLE 10.CROWN: PRODUCT PORTFOLIO
TABLE 11.CROWN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 12.EAST PENN: COMPANY SNAPSHOT
TABLE 13.EAST PENN: PRODUCT PORTFOLIO
TABLE 14.EAST PENN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 15.ENERSYS: COMPANY SNAPSHOT
TABLE 16.ENERSYS: OPERATING SEGMENTS
TABLE 17.ENERSYS: PRODUCT PORTFOLIO
TABLE 18.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 19.ENERSYS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 20.SBS: COMPANY SNAPSHOT
TABLE 21.SBS: PRODUCT PORTFOLIO
TABLE 22.EXIDE TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 23.EXIDE TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 24.EXIDE TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 25.FLUX POWER: COMPANY SNAPSHOT
TABLE 26.FLUX POWER: PRODUCT PORTFOLIO
TABLE 27.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 28.FLUX POWER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 29.TOTAL: COMPANY SNAPSHOT
TABLE 30.TOTAL: OPERATING SEGMENTS
TABLE 31.TOTAL: PRODUCT PORTFOLIO
TABLE 32.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 33.BULLDOG BATTERY CORPORATION: COMPANY SNAPSHOT
TABLE 34.BULLDOG BATTERY CORPORATION: PRODUCT PORTFOLIO
TABLE 35.ONECHARGE: COMPANY SNAPSHOT
TABLE 36.ONECHARGE: PRODUCT PORTFOLIO
TABLE 37.ONECHARGE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 38.FOREVERPURE CORPORATION: COMPANY SNAPSHOT
TABLE 39.FOREVERPURE CORPORATION: PRODUCT PORTFOLIO
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