Market Overview

Global Forklift Battery Market 2018-2022| APAC Region Dominates the Global Market| Technavio

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According to the latest market research report released by Technavio,
the global forklift battery market is expected to accelerate at a CAGR
of almost 9% during the forecast period. The increasing demand for
electric forklift applications is one of the key factors triggering the
growth of the market.

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Technavio has published a new market research report on the global forklift battery market from 2018 ...

Technavio has published a new market research report on the global forklift battery market from 2018-2022. (Graphic: Business Wire)

This research report titled ‘Global
Forklift Battery Market 2018-2022
' provides an in-depth analysis
of the market in terms of revenue and emerging market trends. It also
includes an up-to-date analysis and forecasts for various market
segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

The market research analysis categorizes the global forklift battery
market into the following geographies:

  • Americas
  • APAC
  • EMEA

In 2017, the APAC region accounted for close to 41% of the global market
and is projected to reach nearly 43% by 2022, exhibiting almost 2%
increase in market share.

Global forklift battery market: Top emerging trend

Legislative support for battery recycling is an emerging trend in the
forklift battery market. In countries such as the US, various major
battery manufacturers have collaborated to establish the corporation for
battery recycling to support battery recycling for future use. The
European Union has imposed stringent legislation for battery recycling.
However, the current rate of lead-acid battery collection is low in the
EU when compared with the US. All battery manufacturers must adhere to
the regulated recycling levels. The end-products of recycling are lead
scrap, which can be used in the battery industry as a secondary metal.

Looking for more information on this market? Request
a free sample report

Technavio's sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Technavio's report provides expert market research on the following
topics:

Executive Report

  • Market Outline
  • Global Forklift Battery Market Overview

Market Insights

  • Market Sizing and Forecasts
  • Market Growth
  • Market Drivers and Challenges
  • Key Emerging Trends

Market Segmentation Analysis

  • Regional comparison (APAC, Americas, and EMEA)
  • Key leading countries

Vendor Landscape

  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario
  • Analysis of top vendors (East Penn Manufacturing, EnerSys, Exide
    Technologies, HOPPECKE Batterien, and Saft)

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