Global Forklift Battery Market 2018-2022

Global Forklift Battery Market 2018-2022

  • May 2018 •
  • 105 pages •
  • Report ID: 3938222 •
  • Format: PDF
About Forklift Battery

Forklift batteries require high power and energy density. Lead-acid batteries were commonly used in forklifts. However, Li-ion batteries are also now being used in forklifts.

Technavio’s analysts forecast the global forklift battery market to grow at a CAGR of 8.86% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the global forklift battery market for 2018-2022. 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:

Technavio’s report, Global Forklift Battery Market 2018-2022, 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
•Exide Technologies
•HOPPECKE Batterien

Market driver
• Increasing demand for electric forklift applications
• For a full, detailed list, view our report

Market challenge
• Replacement of electric forklifts with fuel cell forklifts
• For a full, detailed list, view our report

Market trend
• Legislative support for battery recycling
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2022 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?

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