Forklift Battery Market by Type and Geography - Forecast and Analysis 2020-2024

Posted by sarahbennu on March 30th, 2021

Forklift Battery Market will register a CAGR of % during 2020-2024. The market’s growth momentum will Accelerate.

Increasing demand for electric forklift applications | Growth of global e-commerce market | Growth of construction industry will be one of the major factors driving the growth of this market. Additionally, key Forklift Battery Market trends such as the Legislative support for battery recycling | Growing demand for VRLA batteries | Increasing adoption of AGVs will also influence market growth during the forecast period.

Forklift Battery Market Size

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During the forecast period, the Forklift Battery Market size will grow by $ 1.80 bn.

Forklift Battery Market : Vendors

The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Forklift Battery Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the Replacement of electric forklifts with fuel cell forklifts | Lead pollution and stringent laws | High initial investment and maintenance cost of material handling equipment will also challenge the growth of the companies.

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

are some of the companies covered in Technavio’s Forklift Battery Market report for 2020-2024.

Forklift Battery Market : Region-level Analysis

The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Forklift Battery Market.

The Europe will account for the largest Forklift Battery Market share and during 2020-2024, the region will contribute to 35% of the market’s growth.

In addition to regions and the key companies involved, Technavio’s Forklift Battery Market report also analyzes the market by Lead-acid battery | Li-ion battery | Europe | North America | APAC | South America | MEA.comma