Global Forklift Battery Market 2021-2025: One of the Major Drivers is the Increasing Demand for Electric Forklift Applications

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Dec 10, 2021, 17:15 ET

DUBLIN, Dec. 10, 2021 /PRNewswire/ -- The "Global Forklift Battery Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.

The forklift battery market is poised to grow by $ 2.28 bn during 2021-2025, progressing at a CAGR of over 4% during the forecast period. The report on the forklift battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for electric forklift applications, the growth of the global e-commerce market, and the growth of the construction industry.

The forklift battery market analysis includes the type segment and geographic landscape.

The forklift battery market is segmented as below:

By Type

Lead-acid battery
Li-on battery

By Geographical Landscape

Europe
North America
APAC
South America
MEA

This study identifies the legislative support for battery recycling as one of the prime reasons driving the forklift battery market growth during the next few years. Also, the growing demand for VRLA batteries and increasing adoption of AGVs will lead to sizable demand in the market.

The report on forklift battery market covers the following areas:

Forklift battery market sizing
Forklift battery market forecast
Forklift battery market industry analysis

The publisher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading forklift battery market vendors that include Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Amara Raja Batteries Ltd., Camel Group Co. Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Flux Power Holdings Inc., GS Yuasa Corp., Narada Power Source Co. Ltd., and Trojan Battery Co. LLC.

Also, the forklift battery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is legislative support for battery recycling."

According to the report, one of the major drivers for this market is the increasing demand for electric forklift applications.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned

Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH
Amara Raja Batteries Ltd.
Camel Group Co. Ltd.
East Penn Manufacturing Co. Inc.
EnerSys
Exide Industries Ltd.
Flux Power Holdings Inc.
GS Yuasa Corp.
Narada Power Source Co. Ltd.
Trojan Battery Co. LLC

Key Topics Covered:

Executive Summary

Market overview

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Type

Market segments
Comparison by Type
Lead-acid battery - Market size and forecast 2020-2025
Market opportunity by Type

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
Europe - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
Key leading countries
Market opportunity By Geographical Landscape
Market drivers
Market challenges
Market trends

Vendor Landscape

Landscape disruption

Vendor Analysis

Vendors covered
Market positioning of vendors
Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH
Amara Raja Batteries Ltd.
Camel Group Co. Ltd.
East Penn Manufacturing Co. Inc.
EnerSys
Exide Industries Ltd.
Flux Power Holdings Inc.
GS Yuasa Corp.
Narada Power Source Co. Ltd.
Trojan Battery Co. LLC

For more information about this report visit https://www.researchandmarkets.com/r/q57g47

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Research and Markets
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SOURCE Research and Markets