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Forklift Battery Market by Type (Lithium ion (Li-ion), Lead-Acid, and Others), and Application (Warehouses, Construction, Manufacturing, Retail & Wholesale Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026

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The global forklift battery market was valued at USD 4.3 billion in 2018, and is projected to reach USD 7.4 billion by 2026, growing at a CAGR of 7.04% from 2019 to 2026.
 
Battery used in the forklift truck is ideally known as a forklift battery. It is known for two main functions-providing battery source to a forklift truck and providing mass to forklift as a counterweight that further aids in its lifting capacity. These batteries are composed of a battery case, battery cells, battery bar, and battery cables; and are of two types including Lead-Acid battery and a lithium-ion battery. Both types of batteries have their system, setup, charging requirements, and price range.
The global forklift battery market growth is driven by the emergence of fuel cell forklifts as an alternative to the electric forklift. Environmental concerns, as well as the availability of natural resources, led forklift manufacturers to look for a more effective and sustainable alternative over electric forklift. A fuel cell is a viable alternative in such a scenario and its use in batteries is growing extensively. Therefore, the increase in popularity of fuel cell-based forklift significantly drives the growth of the market. Furthermore, one of the key benefits of using forklift batteries is that they provide mass to forklift as a counterweight that further helps in lifting capacity of the forklift truck. This increases the productivity of forklift trucks, which boosts the demand for batteries. There is an increase in the need for efficient power sources to forklift machines to enhance the load-bearing capacity. Therefore, manufacturers are working to develop more efficient batteries for forklift, which is expected to offer new growth opportunities during the forecast period. On the other hand, the high price associated with lithium-ion (Li-ion) batteries along with low penetration of forklift batteries in some of the countries of Asia-Pacific is projected to restrain the global market growth.
The global forklift battery market is segmented on the basis of type, application, and region. By type, the global market is classified into Lead-Acid battery, lithium-ion (LI-ion), and others. By application, it market is categorized into warehouses, manufacturing, construction, retail & wholesale stores, and others. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major key players operating in the global forklift battery market include EXIDE INDUSTRIES LTD., EnerSys, East Penn Manufacturing Company, Hoppecke, Crown Equipment Corporation, SBS Storage Battery Systems, LLC, Navitas Systems, Saft, Microtex Energy Private Limited, and Southwest Battery Company. One of the recent trends observed in this market includes penetration of small-scale manufacturers, who are dealing with only single or dual product lines.
 
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global forklift battery market from 2018 to 2026 to determine the prevailing opportunities
A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume
Profiles of leading players operating in the market are provided to understand the global competitive scenario
The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth
 
 
KEY MARKET SEGMENTS
By Type
Lithium-ion Battery
Lead-Acid Battery
Others
By Application
Warehouses
Manufacturing
Construction
Retail & Wholesale Stores
Others
By Region
o North America
U.S.
Canada
Mexico
o Europe
Germany
France
Italy
Spain
UK
Rest of Europe
o Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
o LAMEA
Brazil
Saudi Arabia
South Africa
South Africa
LAMEA
 
KEY MARKET PLAYERS
EXIDE INDUSTRIES LTD.
EnerSys
East Penn Manufacturing Company
Hoppecke
Crown Equipment Corporation,
SBS Storage Battery Systems, LLC
Navitas Systems
Saft
Microtex Energy Private Limited
Southwest Battery Company
The other players in the value chain include Shenzhen Herculesi Technology Co Ltd, Electrovaya, Optima Batteries, Eternity Technologies FZ-LLC, System Sunlight S.A., and others.
 
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Table Of Content

Scope

Chapter 1: Introduction

 

1.1. Report Description

1.2. Key Benefits For Stakeholders

1.3. Key Market Segments

1.4. Research Methodology

 

1.4.1. Secondary Research

1.4.2. Primary Research

1.5. Analyst Tools And Models

 

Chapter 2: Executive Summary

 

2.1. Key Findings of The Study

2.2. Cxo Perspective

 

Chapter 3: Market Overview

 

3.1. Market Definition And Scope

3.2. Key Findings

 

3.2.1. Top Investment Pockets (For Upcoming Countries)

 

3.3. Porter'S Five Forces Analysis

3.4. Patent Analysis (2015-2018)

 

3.4.1. Patent Analysis By Country

3.4.2. Patent Analysis By Applicant

 

3.5. Market Dynamics

 

3.5.1. Drivers

 

3.5.1.1. Emergence of Fuel Cell Forklifts As An Alternative To The Electric Forklift

3.5.1.2. Expanding Warehouse Spaces And Industry Manufacturing Sector

 

3.5.2. Restraints

 

3.5.2.1. High Cost Associated With Lithium Ion Battery

 

3.5.3. Opportunity

 

3.5.3.1. Growing Penetration of Concept Like Green Logistics

 

3.6. Pricing Analysis

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

 

Chapter 4: Forklift Battery Market, By Type

 

4.1. Overview

 

4.1.1. Market Size And Forecast, By Region

 

4.2. Lithium Ion (Li-Ion)

 

4.2.1. Market Size And Forecast, By Region

4.2.2. Market Share Analysis, By Country

 

4.3. Lead Acid Battery

 

4.3.1. Market Size And Forecast, By Region

4.3.2. Market Share Analysis, By Country

 

4.4. Others

 

4.4.1. Market Size And Forecast, By Region

4.4.2. Market Share Analysis, By Country

 

Chapter 5: Forklift Battery Market, By Application

 

5.1. Overview

 

5.1.1. Market Size And Forecast, By Region

 

5.2. Warehouses

 

5.2.1. Market Size And Forecast, By Region

5.2.2. Market Share Analysis, By Country

 

5.3. Manufacturing

 

5.3.1. Market Size And Forecast, By Region

5.3.2. Market Share Analysis, By Country

 

5.4. Construction

 

5.4.1. Market Size And Forecast, By Region

5.4.2. Market Share Analysis, By Country

 

5.5. Retail And Wholesale Stores

 

5.5.1. Market Size And Forecast, By Region

5.5.2. Market Share Analysis, By Country

 

5.6. Others

 

5.6.1. Market Size And Forecast, By Region

5.6.2. Market Share Analysis, By Country

 

Chapter 6: Forklift Battery Market, By Region

 

6.1. Overview

 

6.1.1. Market Size And Forecast, By Region

6.1.2. Market Size And Forecast, By Type

6.1.3. Market Size And Forecast, By Application

 

6.2. North America

 

6.2.1. Market Size And Forecast By Type

6.2.2. Market Size And Forecast, By Application

6.2.3. Market Size And Forecast By Country

6.2.4. U.S.

 

6.2.4.1. Market Size And Forecast By Type

6.2.4.2. Market Size And Forecast, By Application

 

6.2.5. Canada

 

6.2.5.1. Market Size And Forecast By Type

6.2.5.2. Market Size And Forecast, By Application

 

6.2.6. Mexico

 

6.2.6.1. Market Size And Forecast By Type

6.2.6.2. Market Size And Forecast, By Application

 

6.3. Europe

 

6.3.1. Market Size And Forecast By Type

6.3.2. Market Size And Forecast, By Application

6.3.3. Market Size And Forecast By Country

6.3.4. Germany

 

6.3.4.1. Market Size And Forecast By Type

6.3.4.2. Market Size And Forecast, By Application

 

6.3.5. France

 

6.3.5.1. Market Size And Forecast By Type

6.3.5.2. Market Size And Forecast, By Application

 

6.3.6. Italy

 

6.3.6.1. Market Size And Forecast By Type

6.3.6.2. Market Size And Forecast, By Application

 

6.3.7. Spain

 

6.3.7.1. Market Size And Forecast By Type

6.3.7.2. Market Size And Forecast, By Application

 

6.3.8. Uk

 

6.3.8.1. Market Size And Forecast By Type

6.3.8.2. Market Size And Forecast, By Application

 

6.3.9. Rest of Europe

 

6.3.9.1. Market Size And Forecast By Type

6.3.9.2. Market Size And Forecast, By Application

 

6.4. Asia-Pacific

 

6.4.1. Market Size And Forecast By Type

6.4.2. Market Size And Forecast, By Application

6.4.3. Market Size And Forecast By Country

6.4.4. China

 

6.4.4.1. Market Size And Forecast By Type

6.4.4.2. Market Size And Forecast, By Application

 

6.4.5. Japan

 

6.4.5.1. Market Size And Forecast By Type

6.4.5.2. Market Size And Forecast, By Application

 

6.4.6. India

 

6.4.6.1. Market Size And Forecast By Type

6.4.6.2. Market Size And Forecast, By Application

 

6.4.7. South Korea

 

6.4.7.1. Market Size And Forecast By Type

6.4.7.2. Market Size And Forecast, By Application

 

6.4.8. Australia

 

6.4.8.1. Market Size And Forecast By Type

6.4.8.2. Market Size And Forecast, By Application

 

6.4.9. Rest of Asia-Pacific

 

6.4.9.1. Market Size And Forecast By Type

6.4.9.2. Market Size And Forecast, By Application

 

6.5. Lamea

 

6.5.1. Market Size And Forecast By Type

6.5.2. Market Size And Forecast, By Application

6.5.3. Market Size And Forecast By Country

6.5.4. Brazil

 

6.5.4.1. Market Size And Forecast By Type

6.5.4.2. Market Size And Forecast, By Application

 

6.5.5. Saudi Arabia

 

6.5.5.1. Market Size And Forecast By Type

6.5.5.2. Market Size And Forecast, By Application

 

6.5.6. Uae

 

6.5.6.1. Market Size And Forecast By Type

6.5.6.2. Market Size And Forecast, By Application

 

6.5.7. South Africa

 

6.5.7.1. Market Size And Forecast By Type

6.5.7.2. Market Size And Forecast, By Application

 

6.5.8. Rest of Lamea

 

6.5.8.1. Market Size And Forecast By Type

6.5.8.2. Market Size And Forecast, By Application

 

Chapter 7: Competitive Landscape

 

7.1. Introduction

 

7.1.1. Market Player Positioning, 2018

 

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. Competitive Heatmap

7.4. Key Developments

 

7.4.1. New Product Launches

7.4.2. Key Product Developments

7.4.3. Acquisition

 

Chapter 8: Company Profiles:

 

8.1. Accumulatorenwerke Hoppecke Carl Zoellner & Sohn Gmbh

 

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. Crown Equipment Corporation

 

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. East Penn Manufacturing Company

 

8.3.1. Company Overview

8.3.2. Company Snapshot

8.3.3. Product Portfolio

8.3.4. Key Strategic Moves And Developments

 

8.4. Enersys

 

8.4.1. Company Overview

8.4.2. Company Snapshot

8.4.3. Operating Business Segments

8.4.4. Product Portfolio

8.4.5. Business Performance

8.4.6. Key Strategic Moves And Developments

 

8.5. Exide Industries Limited

 

8.5.1. Company Overview

8.5.2. Company Snapshot

8.5.3. Product Portfolio

8.5.4. Business Performance

 

8.6. Microtex Energy Private Limited

 

8.6.1. Company Overview

8.6.2. Company Snapshot

8.6.3. Product Portfolio

 

8.7. Nitco

 

8.7.1. Company Overview

8.7.2. Company Snapshot

8.7.3. Product Portfolio

 

8.8. Storage Battery Systems, Llc

 

8.8.1. Company Overview

8.8.2. Company Snapshot

8.8.3. Product Portfolio

 

8.9. Systems Sunlight S.A.

 

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. Total Sa

 

8.10.1. Company Overview

8.10.2. Company Snapshot

8.10.3. Operating Business Segments

8.10.4. Product Portfolio

8.10.5. Business Performance


List Of Figure

List of Figures

 

Figure 01. Global Forklift Battery Market Segmentation

Figure 02. Top Investment Pockets, By Country

Figure 03. High Bargaining Power of Suppliers

Figure 04. Low Bargaining Power of Buyers

Figure 05. Moderate Threat of New Entrants

Figure 06. Low Threat of Substitutes

Figure 07. High Intensity of Competitive Rivalry

Figure 08. Patent Analysis, By Country

Figure 09. Patent Analysis, By Applicant

Figure 10. Forklift Battery Market Dynamics

Figure 11. Comparative Share Analysis of Forklift Battery Market For Li-Ion, By Country, 2018 & 2026 (USD Million)

Figure 12. Comparative Share Analysis of Forklift Battery Market For Lead Acid Battery, By Country, 2018 & 2026 (USD Million)

Figure 13. Comparative Share Analysis of Forklift Battery Market For Others, By Country, 2018 & 2026 (USD Million)

Figure 14. Comparative Share Analysis of Forklift Battery Market For Warehouses, By Country, 2018 & 2026 (USD Million)

Figure 15. Industrial Manufacturing Output of Top 10 Economies (2017) (USD Trillion)

Figure 16. Comparative Share Analysis of Forklift Battery Market For Manufacturing, By Country, 2018 & 2026 (USD Million)

Figure 17. Comparative Share Analysis of Forklift Battery Market For Construction, By Country, 2018 & 2026 (USD Million)

Figure 18. Global Retail Industry Forecast (2017-2023)(USD Trillion)

Figure 19. Comparative Share Analysis of Forklift Battery Market For Restail And Wholesale Stores, By Country, 2018 & 2026 (USD Million)

Figure 20. Comparative Share Analysis of Forklift Battery Market For Others, By Country, 2018 & 2026 (USD Million)

Figure 21. U.S. Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 22. Canada Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 23. Mexico Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 24. Germany Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 25. France Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 26. Italy Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 27. Spain Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 28. Uk Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 29. Rest of Europe Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 30. China Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 31. Japan Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 32. India Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 33. South Korea Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 34. Australia Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 35. Rest of Asia-Pacific Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 36. Brazil Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 37. Saudi Arabia Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 38. Uae Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 39. South Africa Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 40. South Africa Revenue For Forklift Batteries (USD Million) (2018-2026)

 


List Of Table

List of Tables

 

Table 01. Global Top 20 Countries Indutrrial Output, (2016)

Table 02. Price Forecast of Forklift Batteries By Type, (USD /Unit)(2019-2026)

Table 03. Global Forklift Battery Market Revenue, By Type (USD Million) (2019-2026)

Table 04. Global Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 05. Global Forklift Battery Market For Lithium-Ion, By Region, 2018-2026 (USD Million)

Table 06. Global Forklift Battery Market For Lead Acid, By Region, 2018-2026 (USD Million)

Table 07. Global Forklift Battery Market For Others, By Region, 2018-2026 (USD Million)

Table 08. Global Forklift Battery Market Revenue, By Application (USD Million) (2019-2026)

Table 09. Global Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 10. Global Forklift Battery Market For Warehouses, By Region, 2018-2026 (USD Million)

Table 11. Global Forklift Battery Market For Manufacturing, By Region, 2018-2026 (USD Million)

Table 12. Global Forklift Battery Market For Construction, By Region, 2018-2026 (USD Million)

Table 13. Global Forklift Battery Market For Retail And Wholesale Stores, By Region, 2018-2026 (USD Million)

Table 14. Global Forklift Battery Market For Others, By Region, 2018-2026 (USD Million)

Table 15. Global Forklift Battery Market, By Region 2018-2026 (USD Million)

Table 16. Global Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 17. Global Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 18. North America Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 19. North America Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 20. North America Forklift Battery Market, By Country 2018-2026 (USD Million)

Table 21. U.S. Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 22. U.S. Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 23. Canada Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 24. Canada Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 25. Mexico Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 26. Mexico Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 27. Industrial Manufacturing Output In The Leading European Countries (USD Billion)(2017)

Table 28. Europe Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 29. Europe Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 30. Europe Forklift Battery Market, By Country 2018-2026 (USD Million)

Table 31. Germany Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 32. Germany Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 33. France Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 34. France Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 35. Italy Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 36. Italy Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 37. Spain Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 38. Spain Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 39. Uk Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 40. Uk Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 41. Rest of Europe Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 42. Rest of Europe Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 43. Asia-Pacific Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 44. Asia-Pacific Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 45. Asia-Pacific Forklift Battery Market, By Country 2018-2026 (USD Million)

Table 46. China Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 47. China Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 48. Japan Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 49. Japan Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 50. India Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 51. India Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 52. South Korea Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 53. South Korea Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 54. Australia Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 55. Australia Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 56. Rest of Asia-Pacific Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 57. Rest of Asia-Pacific Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 58. Lamea Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 59. Lamea Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 60. Lamea Forklift Battery Market, By Country 2018-2026 (USD Million)

Table 61. Brazil Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 62. Brazil Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 63. Saudi Arabia Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 64. Saudi Arabia Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 65. Uae Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 66. Uae Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 67. South Africa Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 68. South Africa Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 69. Rest of Lamea Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 70. Rest of Lamea Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 71. Key New Product Launches (2016-2019)

Table 72. Key Product Developments (2016-2019)

Table 73. Key Acquisition (2016-2019)

Table 74. Hoppecke: Company Snapshot

Table 75. Hoppecke: Product Portfolio

Table 76. Hoppecke: Key Strategic Moves And Developments

Table 77. Crown Equipment: Company Snapshot

Table 78. Crown Equipment: Product Portfolio

Table 79. Crown Equipment: Key Strategic Moves And Developments

Table 80. East Penn: Company Snapshot

Table 81. East Penn: Product Portfolio

Table 82. East Penn: Key Strategic Moves And Developments

Table 83. Enersys: Company Snapshot

Table 84. Enersys: Operating Segments

Table 85. Enersys: Product Portfolio

Table 86. Overall Financial Status (USD Million)

Table 87. Enersys: Key Strategic Moves And Developments

Table 88. Exide: Company Snapshot

Table 89. Exide: Product Portfolio

Table 90. Overall Financial Status (USD Million)

Table 91. Microtex: Company Snapshot

Table 92. Microtex: Product Portfolio

Table 93. Nitco: Company Snapshot

Table 94. Nitco: Product Portfolio

Table 95. Sbs: Company Snapshot

Table 96. Sbs: Product Portfolio

Table 97. Systems Sunlight: Company Snapshot

Table 98. Systems Sunlight: Product Portfolio

Table 99. Systems Sunlight: Key Strategic Moves And Developments

Table 100. Total: Company Snapshot

Table 101. Total: Operating Segments

Table 102. Total

Table 103. Overall Financial Status (USD Million)

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Products and Companies


Companies

EXIDE INDUSTRIES LTD., EnerSys, East Penn Manufacturing Company, Hoppecke, Crown Equipment Corporation, SBS Storage Battery Systems, LLC, Navitas Systems, Saft, Microtex Energy Private Limited, and Southwest Battery Company.

Company Profile

Company Profile Title

The global forklift battery market was valued at USD 4.3 billion in 2018, and is projected to reach USD 7.4 billion by 2026, growing at a CAGR of 7.04% from 2019 to 2026.
 
Battery used in the forklift truck is ideally known as a forklift battery. It is known for two main functions-providing battery source to a forklift truck and providing mass to forklift as a counterweight that further aids in its lifting capacity. These batteries are composed of a battery case, battery cells, battery bar, and battery cables; and are of two types including Lead-Acid battery and a lithium-ion battery. Both types of batteries have their system, setup, charging requirements, and price range.
The global forklift battery market growth is driven by the emergence of fuel cell forklifts as an alternative to the electric forklift. Environmental concerns, as well as the availability of natural resources, led forklift manufacturers to look for a more effective and sustainable alternative over electric forklift. A fuel cell is a viable alternative in such a scenario and its use in batteries is growing extensively. Therefore, the increase in popularity of fuel cell-based forklift significantly drives the growth of the market. Furthermore, one of the key benefits of using forklift batteries is that they provide mass to forklift as a counterweight that further helps in lifting capacity of the forklift truck. This increases the productivity of forklift trucks, which boosts the demand for batteries. There is an increase in the need for efficient power sources to forklift machines to enhance the load-bearing capacity. Therefore, manufacturers are working to develop more efficient batteries for forklift, which is expected to offer new growth opportunities during the forecast period. On the other hand, the high price associated with lithium-ion (Li-ion) batteries along with low penetration of forklift batteries in some of the countries of Asia-Pacific is projected to restrain the global market growth.
The global forklift battery market is segmented on the basis of type, application, and region. By type, the global market is classified into Lead-Acid battery, lithium-ion (LI-ion), and others. By application, it market is categorized into warehouses, manufacturing, construction, retail & wholesale stores, and others. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major key players operating in the global forklift battery market include EXIDE INDUSTRIES LTD., EnerSys, East Penn Manufacturing Company, Hoppecke, Crown Equipment Corporation, SBS Storage Battery Systems, LLC, Navitas Systems, Saft, Microtex Energy Private Limited, and Southwest Battery Company. One of the recent trends observed in this market includes penetration of small-scale manufacturers, who are dealing with only single or dual product lines.
 
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global forklift battery market from 2018 to 2026 to determine the prevailing opportunities
A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume
Profiles of leading players operating in the market are provided to understand the global competitive scenario
The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth
 
 
KEY MARKET SEGMENTS
By Type
Lithium-ion Battery
Lead-Acid Battery
Others
By Application
Warehouses
Manufacturing
Construction
Retail & Wholesale Stores
Others
By Region
o North America
U.S.
Canada
Mexico
o Europe
Germany
France
Italy
Spain
UK
Rest of Europe
o Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
o LAMEA
Brazil
Saudi Arabia
South Africa
South Africa
LAMEA
 
KEY MARKET PLAYERS
EXIDE INDUSTRIES LTD.
EnerSys
East Penn Manufacturing Company
Hoppecke
Crown Equipment Corporation,
SBS Storage Battery Systems, LLC
Navitas Systems
Saft
Microtex Energy Private Limited
Southwest Battery Company
The other players in the value chain include Shenzhen Herculesi Technology Co Ltd, Electrovaya, Optima Batteries, Eternity Technologies FZ-LLC, System Sunlight S.A., and others.
 
READ MORE

Scope

Chapter 1: Introduction

 

1.1. Report Description

1.2. Key Benefits For Stakeholders

1.3. Key Market Segments

1.4. Research Methodology

 

1.4.1. Secondary Research

1.4.2. Primary Research

1.5. Analyst Tools And Models

 

Chapter 2: Executive Summary

 

2.1. Key Findings of The Study

2.2. Cxo Perspective

 

Chapter 3: Market Overview

 

3.1. Market Definition And Scope

3.2. Key Findings

 

3.2.1. Top Investment Pockets (For Upcoming Countries)

 

3.3. Porter'S Five Forces Analysis

3.4. Patent Analysis (2015-2018)

 

3.4.1. Patent Analysis By Country

3.4.2. Patent Analysis By Applicant

 

3.5. Market Dynamics

 

3.5.1. Drivers

 

3.5.1.1. Emergence of Fuel Cell Forklifts As An Alternative To The Electric Forklift

3.5.1.2. Expanding Warehouse Spaces And Industry Manufacturing Sector

 

3.5.2. Restraints

 

3.5.2.1. High Cost Associated With Lithium Ion Battery

 

3.5.3. Opportunity

 

3.5.3.1. Growing Penetration of Concept Like Green Logistics

 

3.6. Pricing Analysis

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

 

Chapter 4: Forklift Battery Market, By Type

 

4.1. Overview

 

4.1.1. Market Size And Forecast, By Region

 

4.2. Lithium Ion (Li-Ion)

 

4.2.1. Market Size And Forecast, By Region

4.2.2. Market Share Analysis, By Country

 

4.3. Lead Acid Battery

 

4.3.1. Market Size And Forecast, By Region

4.3.2. Market Share Analysis, By Country

 

4.4. Others

 

4.4.1. Market Size And Forecast, By Region

4.4.2. Market Share Analysis, By Country

 

Chapter 5: Forklift Battery Market, By Application

 

5.1. Overview

 

5.1.1. Market Size And Forecast, By Region

 

5.2. Warehouses

 

5.2.1. Market Size And Forecast, By Region

5.2.2. Market Share Analysis, By Country

 

5.3. Manufacturing

 

5.3.1. Market Size And Forecast, By Region

5.3.2. Market Share Analysis, By Country

 

5.4. Construction

 

5.4.1. Market Size And Forecast, By Region

5.4.2. Market Share Analysis, By Country

 

5.5. Retail And Wholesale Stores

 

5.5.1. Market Size And Forecast, By Region

5.5.2. Market Share Analysis, By Country

 

5.6. Others

 

5.6.1. Market Size And Forecast, By Region

5.6.2. Market Share Analysis, By Country

 

Chapter 6: Forklift Battery Market, By Region

 

6.1. Overview

 

6.1.1. Market Size And Forecast, By Region

6.1.2. Market Size And Forecast, By Type

6.1.3. Market Size And Forecast, By Application

 

6.2. North America

 

6.2.1. Market Size And Forecast By Type

6.2.2. Market Size And Forecast, By Application

6.2.3. Market Size And Forecast By Country

6.2.4. U.S.

 

6.2.4.1. Market Size And Forecast By Type

6.2.4.2. Market Size And Forecast, By Application

 

6.2.5. Canada

 

6.2.5.1. Market Size And Forecast By Type

6.2.5.2. Market Size And Forecast, By Application

 

6.2.6. Mexico

 

6.2.6.1. Market Size And Forecast By Type

6.2.6.2. Market Size And Forecast, By Application

 

6.3. Europe

 

6.3.1. Market Size And Forecast By Type

6.3.2. Market Size And Forecast, By Application

6.3.3. Market Size And Forecast By Country

6.3.4. Germany

 

6.3.4.1. Market Size And Forecast By Type

6.3.4.2. Market Size And Forecast, By Application

 

6.3.5. France

 

6.3.5.1. Market Size And Forecast By Type

6.3.5.2. Market Size And Forecast, By Application

 

6.3.6. Italy

 

6.3.6.1. Market Size And Forecast By Type

6.3.6.2. Market Size And Forecast, By Application

 

6.3.7. Spain

 

6.3.7.1. Market Size And Forecast By Type

6.3.7.2. Market Size And Forecast, By Application

 

6.3.8. Uk

 

6.3.8.1. Market Size And Forecast By Type

6.3.8.2. Market Size And Forecast, By Application

 

6.3.9. Rest of Europe

 

6.3.9.1. Market Size And Forecast By Type

6.3.9.2. Market Size And Forecast, By Application

 

6.4. Asia-Pacific

 

6.4.1. Market Size And Forecast By Type

6.4.2. Market Size And Forecast, By Application

6.4.3. Market Size And Forecast By Country

6.4.4. China

 

6.4.4.1. Market Size And Forecast By Type

6.4.4.2. Market Size And Forecast, By Application

 

6.4.5. Japan

 

6.4.5.1. Market Size And Forecast By Type

6.4.5.2. Market Size And Forecast, By Application

 

6.4.6. India

 

6.4.6.1. Market Size And Forecast By Type

6.4.6.2. Market Size And Forecast, By Application

 

6.4.7. South Korea

 

6.4.7.1. Market Size And Forecast By Type

6.4.7.2. Market Size And Forecast, By Application

 

6.4.8. Australia

 

6.4.8.1. Market Size And Forecast By Type

6.4.8.2. Market Size And Forecast, By Application

 

6.4.9. Rest of Asia-Pacific

 

6.4.9.1. Market Size And Forecast By Type

6.4.9.2. Market Size And Forecast, By Application

 

6.5. Lamea

 

6.5.1. Market Size And Forecast By Type

6.5.2. Market Size And Forecast, By Application

6.5.3. Market Size And Forecast By Country

6.5.4. Brazil

 

6.5.4.1. Market Size And Forecast By Type

6.5.4.2. Market Size And Forecast, By Application

 

6.5.5. Saudi Arabia

 

6.5.5.1. Market Size And Forecast By Type

6.5.5.2. Market Size And Forecast, By Application

 

6.5.6. Uae

 

6.5.6.1. Market Size And Forecast By Type

6.5.6.2. Market Size And Forecast, By Application

 

6.5.7. South Africa

 

6.5.7.1. Market Size And Forecast By Type

6.5.7.2. Market Size And Forecast, By Application

 

6.5.8. Rest of Lamea

 

6.5.8.1. Market Size And Forecast By Type

6.5.8.2. Market Size And Forecast, By Application

 

Chapter 7: Competitive Landscape

 

7.1. Introduction

 

7.1.1. Market Player Positioning, 2018

 

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. Competitive Heatmap

7.4. Key Developments

 

7.4.1. New Product Launches

7.4.2. Key Product Developments

7.4.3. Acquisition

 

Chapter 8: Company Profiles:

 

8.1. Accumulatorenwerke Hoppecke Carl Zoellner & Sohn Gmbh

 

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. Crown Equipment Corporation

 

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. East Penn Manufacturing Company

 

8.3.1. Company Overview

8.3.2. Company Snapshot

8.3.3. Product Portfolio

8.3.4. Key Strategic Moves And Developments

 

8.4. Enersys

 

8.4.1. Company Overview

8.4.2. Company Snapshot

8.4.3. Operating Business Segments

8.4.4. Product Portfolio

8.4.5. Business Performance

8.4.6. Key Strategic Moves And Developments

 

8.5. Exide Industries Limited

 

8.5.1. Company Overview

8.5.2. Company Snapshot

8.5.3. Product Portfolio

8.5.4. Business Performance

 

8.6. Microtex Energy Private Limited

 

8.6.1. Company Overview

8.6.2. Company Snapshot

8.6.3. Product Portfolio

 

8.7. Nitco

 

8.7.1. Company Overview

8.7.2. Company Snapshot

8.7.3. Product Portfolio

 

8.8. Storage Battery Systems, Llc

 

8.8.1. Company Overview

8.8.2. Company Snapshot

8.8.3. Product Portfolio

 

8.9. Systems Sunlight S.A.

 

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. Total Sa

 

8.10.1. Company Overview

8.10.2. Company Snapshot

8.10.3. Operating Business Segments

8.10.4. Product Portfolio

8.10.5. Business Performance


List Of Figure

List of Figures

 

Figure 01. Global Forklift Battery Market Segmentation

Figure 02. Top Investment Pockets, By Country

Figure 03. High Bargaining Power of Suppliers

Figure 04. Low Bargaining Power of Buyers

Figure 05. Moderate Threat of New Entrants

Figure 06. Low Threat of Substitutes

Figure 07. High Intensity of Competitive Rivalry

Figure 08. Patent Analysis, By Country

Figure 09. Patent Analysis, By Applicant

Figure 10. Forklift Battery Market Dynamics

Figure 11. Comparative Share Analysis of Forklift Battery Market For Li-Ion, By Country, 2018 & 2026 (USD Million)

Figure 12. Comparative Share Analysis of Forklift Battery Market For Lead Acid Battery, By Country, 2018 & 2026 (USD Million)

Figure 13. Comparative Share Analysis of Forklift Battery Market For Others, By Country, 2018 & 2026 (USD Million)

Figure 14. Comparative Share Analysis of Forklift Battery Market For Warehouses, By Country, 2018 & 2026 (USD Million)

Figure 15. Industrial Manufacturing Output of Top 10 Economies (2017) (USD Trillion)

Figure 16. Comparative Share Analysis of Forklift Battery Market For Manufacturing, By Country, 2018 & 2026 (USD Million)

Figure 17. Comparative Share Analysis of Forklift Battery Market For Construction, By Country, 2018 & 2026 (USD Million)

Figure 18. Global Retail Industry Forecast (2017-2023)(USD Trillion)

Figure 19. Comparative Share Analysis of Forklift Battery Market For Restail And Wholesale Stores, By Country, 2018 & 2026 (USD Million)

Figure 20. Comparative Share Analysis of Forklift Battery Market For Others, By Country, 2018 & 2026 (USD Million)

Figure 21. U.S. Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 22. Canada Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 23. Mexico Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 24. Germany Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 25. France Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 26. Italy Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 27. Spain Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 28. Uk Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 29. Rest of Europe Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 30. China Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 31. Japan Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 32. India Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 33. South Korea Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 34. Australia Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 35. Rest of Asia-Pacific Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 36. Brazil Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 37. Saudi Arabia Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 38. Uae Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 39. South Africa Revenue For Forklift Batteries (USD Million) (2018-2026)

Figure 40. South Africa Revenue For Forklift Batteries (USD Million) (2018-2026)

 


List Of Table

List of Tables

 

Table 01. Global Top 20 Countries Indutrrial Output, (2016)

Table 02. Price Forecast of Forklift Batteries By Type, (USD /Unit)(2019-2026)

Table 03. Global Forklift Battery Market Revenue, By Type (USD Million) (2019-2026)

Table 04. Global Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 05. Global Forklift Battery Market For Lithium-Ion, By Region, 2018-2026 (USD Million)

Table 06. Global Forklift Battery Market For Lead Acid, By Region, 2018-2026 (USD Million)

Table 07. Global Forklift Battery Market For Others, By Region, 2018-2026 (USD Million)

Table 08. Global Forklift Battery Market Revenue, By Application (USD Million) (2019-2026)

Table 09. Global Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 10. Global Forklift Battery Market For Warehouses, By Region, 2018-2026 (USD Million)

Table 11. Global Forklift Battery Market For Manufacturing, By Region, 2018-2026 (USD Million)

Table 12. Global Forklift Battery Market For Construction, By Region, 2018-2026 (USD Million)

Table 13. Global Forklift Battery Market For Retail And Wholesale Stores, By Region, 2018-2026 (USD Million)

Table 14. Global Forklift Battery Market For Others, By Region, 2018-2026 (USD Million)

Table 15. Global Forklift Battery Market, By Region 2018-2026 (USD Million)

Table 16. Global Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 17. Global Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 18. North America Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 19. North America Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 20. North America Forklift Battery Market, By Country 2018-2026 (USD Million)

Table 21. U.S. Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 22. U.S. Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 23. Canada Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 24. Canada Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 25. Mexico Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 26. Mexico Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 27. Industrial Manufacturing Output In The Leading European Countries (USD Billion)(2017)

Table 28. Europe Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 29. Europe Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 30. Europe Forklift Battery Market, By Country 2018-2026 (USD Million)

Table 31. Germany Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 32. Germany Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 33. France Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 34. France Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 35. Italy Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 36. Italy Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 37. Spain Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 38. Spain Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 39. Uk Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 40. Uk Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 41. Rest of Europe Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 42. Rest of Europe Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 43. Asia-Pacific Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 44. Asia-Pacific Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 45. Asia-Pacific Forklift Battery Market, By Country 2018-2026 (USD Million)

Table 46. China Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 47. China Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 48. Japan Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 49. Japan Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 50. India Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 51. India Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 52. South Korea Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 53. South Korea Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 54. Australia Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 55. Australia Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 56. Rest of Asia-Pacific Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 57. Rest of Asia-Pacific Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 58. Lamea Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 59. Lamea Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 60. Lamea Forklift Battery Market, By Country 2018-2026 (USD Million)

Table 61. Brazil Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 62. Brazil Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 63. Saudi Arabia Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 64. Saudi Arabia Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 65. Uae Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 66. Uae Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 67. South Africa Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 68. South Africa Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 69. Rest of Lamea Forklift Battery Market, By Type 2018-2026 (USD Million)

Table 70. Rest of Lamea Forklift Battery Market, By Application 2018-2026 (USD Million)

Table 71. Key New Product Launches (2016-2019)

Table 72. Key Product Developments (2016-2019)

Table 73. Key Acquisition (2016-2019)

Table 74. Hoppecke: Company Snapshot

Table 75. Hoppecke: Product Portfolio

Table 76. Hoppecke: Key Strategic Moves And Developments

Table 77. Crown Equipment: Company Snapshot

Table 78. Crown Equipment: Product Portfolio

Table 79. Crown Equipment: Key Strategic Moves And Developments

Table 80. East Penn: Company Snapshot

Table 81. East Penn: Product Portfolio

Table 82. East Penn: Key Strategic Moves And Developments

Table 83. Enersys: Company Snapshot

Table 84. Enersys: Operating Segments

Table 85. Enersys: Product Portfolio

Table 86. Overall Financial Status (USD Million)

Table 87. Enersys: Key Strategic Moves And Developments

Table 88. Exide: Company Snapshot

Table 89. Exide: Product Portfolio

Table 90. Overall Financial Status (USD Million)

Table 91. Microtex: Company Snapshot

Table 92. Microtex: Product Portfolio

Table 93. Nitco: Company Snapshot

Table 94. Nitco: Product Portfolio

Table 95. Sbs: Company Snapshot

Table 96. Sbs: Product Portfolio

Table 97. Systems Sunlight: Company Snapshot

Table 98. Systems Sunlight: Product Portfolio

Table 99. Systems Sunlight: Key Strategic Moves And Developments

Table 100. Total: Company Snapshot

Table 101. Total: Operating Segments

Table 102. Total

Table 103. Overall Financial Status (USD Million)

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Companies

EXIDE INDUSTRIES LTD., EnerSys, East Penn Manufacturing Company, Hoppecke, Crown Equipment Corporation, SBS Storage Battery Systems, LLC, Navitas Systems, Saft, Microtex Energy Private Limited, and Southwest Battery Company.