Global Forklift Battery Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2023 to 2030

List of Tables

The global demand for Forklift Battery Market is presumed to reach the market size of nearly USD 45.61 BN by 2030 from USD 25.01 BN in 2022 with a CAGR of 7.8% under the study period 2023 - 2030.

Forklift battery refers to the battery used as a power supply to operate forklift trucks, which are powered industrial trucks for lifting heavy items. These batteries require high power and energy density. The voltage of forklift batteries generally varies between 36 to 48 volts and capacity from 140 Ah to 1550 Ah. They are rechargeable, easy to maintain, and available at a lower cost. They can be divided into different types: lithium ion, lead acid, and nickel cadmium. Lead acid batteries contain electrolytes, sulphuric acid and water. Lithium-ion batteries are waterless and are more economical in the long term.

MARKET DYNAMICS:

The key factor driving the demand for the forklift battery market is the rising adoption of electric forklifts in the warehousing and manufacturing sectors. The benefits offered by electrification forklift trucks, such as lower fuel cost, reduced CO2 emissions and lower maintenance cost, are expanding the demand for this market. In addition, continuous development and innovation in products such as quick battery charging systems for enhanced operational efficiency upsurge the demand for this market. Furthermore, the growing demand for renewable and sustainable energy sources augment the demand for the forklift battery market. However, price volatility and the threat of substitutes may hamper the growth of this market.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of forklift battery. The growth and trends of forklift battery industry provide a holistic approach to this study.

MARKET SEGMENTATION:

This section of the forklift battery market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Type

Lithium-Ion Battery
Lead-Acid Battery
Nickel-Cadmium Battery
Others

By Voltage

24 Volt
36 Volt
48 Volt
72 Volt
Others

By End-User

Warehouses
Wholesale Stores
Construction Sites
Manufacturing Industry
Others

REGIONAL ANALYSIS:

This section covers the regional outlook, which accentuates current and future demand for the Forklift Battery market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the forklift battery market include Exide Industries Ltd, East Penn Manufacturing Industry Company, Amara Raja Batteries Ltd, ENERSYS, Flux Power Holdings Inc., GS Yuasa International Ltd., Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Narada Power Source Co. Ltd., Trojan Battery Company, LLC, OneCharge, Electrovaya, Iberdrola, and Crown Equipment Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR11219246

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . FORKLIFT BATTERY - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Voltage
- 3.7.3 Market Attractiveness Analysis By End-user
- 3.7.4 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK

5.1. Impact Analysis of Covid-19 Outbreak
- 5.1.1. Direct Impact on Production
- 5.1.2. Supply Chain and Market Disruption
- 5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis

6 . GLOBAL FORKLIFT BATTERY MARKET ANALYSIS BY TYPE

6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 Lithium-ion Battery Historic and Forecast Sales by Regions
6.5 Lead-acid Battery Historic and Forecast Sales by Regions
6.6 Nickel-cadmium Battery Historic and Forecast Sales by Regions
6.7 Others Historic and Forecast Sales by Regions

7 . GLOBAL FORKLIFT BATTERY MARKET ANALYSIS BY VOLTAGE

7.1 Overview by Voltage
7.2 Historical and Forecast Data
7.3 Analysis by Voltage
7.4 24 Volt Historic and Forecast Sales by Regions
7.5 36 Volt Historic and Forecast Sales by Regions
7.6 48 Volt Historic and Forecast Sales by Regions
7.7 72 Volt Historic and Forecast Sales by Regions
7.8 Others Historic and Forecast Sales by Regions

8 . GLOBAL FORKLIFT BATTERY MARKET ANALYSIS BY END-USER

8.1 Overview by End-user
8.2 Historical and Forecast Data
8.3 Analysis by End-user
8.4 Warehouses Historic and Forecast Sales by Regions
8.5 Wholesale Stores Historic and Forecast Sales by Regions
8.6 Construction Sites Historic and Forecast Sales by Regions
8.7 Manufacturing Industry Historic and Forecast Sales by Regions
8.8 Others Historic and Forecast Sales by Regions

9 . GLOBAL FORKLIFT BATTERY MARKET ANALYSIS BY GEOGRAPHY

9.1. Regional Outlook
9.2. Introduction
9.3. North America Sales Analysis
- 9.3.1. Overview, Historic and Forecast Data Sales Analysis
- 9.3.2. North America By Segment Sales Analysis
- 9.3.3. North America By Country Sales Analysis
- 9.3.4. United State Sales Analysis
- 9.3.5. Canada Sales Analysis
- 9.3.6. Mexico Sales Analysis
9.4. Europe Sales Analysis
- 9.4.1. Overview, Historic and Forecast Data Sales Analysis
- 9.4.2. Europe by Segment Sales Analysis
- 9.4.3. Europe by Country Sales Analysis
- 9.4.4. United Kingdom Sales Analysis
- 9.4.5. France Sales Analysis
- 9.4.6. Germany Sales Analysis
- 9.4.7. Italy Sales Analysis
- 9.4.8. Russia Sales Analysis
- 9.4.9. Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
- 9.5.1. Overview, Historic and Forecast Data Sales Analysis
- 9.5.2. Asia Pacific by Segment Sales Analysis
- 9.5.3. Asia Pacific by Country Sales Analysis
- 9.5.4. China Sales Analysis
- 9.5.5. India Sales Analysis
- 9.5.6. Japan Sales Analysis
- 9.5.7. South Korea Sales Analysis
- 9.5.8. Australia Sales Analysis
- 9.5.9. Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
- 9.6.1. Overview, Historic and Forecast Data Sales Analysis
- 9.6.2. Latin America by Segment Sales Analysis
- 9.6.3. Latin America by Country Sales Analysis
- 9.6.4. Brazil Sales Analysis
- 9.6.5. Argentina Sales Analysis
- 9.6.6. Peru Sales Analysis
- 9.6.7. Chile Sales Analysis
- 9.6.8. Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
- 9.7.1. Overview, Historic and Forecast Data Sales Analysis
- 9.7.2. Middle East & Africa by Segment Sales Analysis
- 9.7.3. Middle East & Africa by Country Sales Analysis
- 9.7.4. Saudi Arabia Sales Analysis
- 9.7.5. UAE Sales Analysis
- 9.7.6. Israel Sales Analysis
- 9.7.7. South Africa Sales Analysis
- 9.7.8. Rest Of Middle East And Africa Sales Analysis

10 . COMPETITIVE LANDSCAPE OF THE FORKLIFT BATTERY COMPANIES

10.1. Forklift Battery Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments

11 . COMPANY PROFILES OF FORKLIFT BATTERY INDUSTRY

11.1. Company Share Analysis
11.2. Market Concentration Rate
11.3. Exide Industries Ltd
- 11.3.1. Company Overview
- 11.3.2. Company Revenue
- 11.3.3. Products
- 11.3.4. Recent Developments
11.4. East Penn Manufacturing Industry Company
- 11.4.1. Company Overview
- 11.4.2. Company Revenue
- 11.4.3. Products
- 11.4.4. Recent Developments
11.5. Amara Raja Batteries Ltd
- 11.5.1. Company Overview
- 11.5.2. Company Revenue
- 11.5.3. Products
- 11.5.4. Recent Developments
11.6. ENERSYS
- 11.6.1. Company Overview
- 11.6.2. Company Revenue
- 11.6.3. Products
- 11.6.4. Recent Developments
11.7. Flux Power Holdings Inc.
- 11.7.1. Company Overview
- 11.7.2. Company Revenue
- 11.7.3. Products
- 11.7.4. Recent Developments
11.8. GS Yuasa International Ltd.
- 11.8.1. Company Overview
- 11.8.2. Company Revenue
- 11.8.3. Products
- 11.8.4. Recent Developments
11.9. Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
- 11.9.1. Company Overview
- 11.9.2. Company Revenue
- 11.9.3. Products
- 11.9.4. Recent Developments
11.10. Narada Power Source Co. Ltd.
- 11.10.1. Company Overview
- 11.10.2. Company Revenue
- 11.10.3. Products
- 11.10.4. Recent Developments
11.11. Trojan Battery Company LLC
- 11.11.1. Company Overview
- 11.11.2. Company Revenue
- 11.11.3. Products
- 11.11.4. Recent Developments
11.12. OneCharge
- 11.12.1. Company Overview
- 11.12.2. Company Revenue
- 11.12.3. Products
- 11.12.4. Recent Developments
11.13. Electrovaya
- 11.13.1. Company Overview
- 11.13.2. Company Revenue
- 11.13.3. Products
- 11.13.4. Recent Developments
11.14. Iberdrola
- 11.14.1. Company Overview
- 11.14.2. Company Revenue
- 11.14.3. Products
- 11.14.4. Recent Developments
11.15. Crown Equipment Corporation.
- 11.15.1. Company Overview
- 11.15.2. Company Revenue
- 11.15.3. Products
- 11.15.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies