Global Forklift Battery Market 2016-2020




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About the Forklift Battery Market

Lead-acid batteries power 75%-85% of the electric forklifts manufactured globally. These batteries are cost-effective and offer benefits such as high resilience in difficult environmental conditions involving dirt, chemicals, and vibrations.
The maintenance costs of lead-acid batteries can be monitored and improved with inexpensive technology to reduce the total cost of ownership. Advanced charging technologies can bring up the efficiency to 90%, with power factors approaching 99%. This keeps utility costs low. Technical innovations such as fast and opportunity charging during operator downtime add to the cost efficiency of lead-acid batteries.

Technavios analysts forecast the global forklift battery market to grow at a CAGR of 8.1% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global forklift battery market for 2016-2020.

The market is divided into the following segments based on geography:

Technavio's report, Global Forklift Battery Market 2016-2020, 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 Co., Inc.
Exide Industries Ltd.
Midac Batteries S.P.A.
Navitas System, LLC Corporate.
Storage Battery Systems, LLC

Other prominent vendors
Chloride Batteries
Crown Battery
Johnson Controls
Trojan Battery

Market driver
Expansion of warehouse space in e-commerce industry
For a full, detailed list, view our report

Market challenge
Replacements of electric forklifts by fuel cell forklifts
For a full, detailed list, view our report

Market trend
Use of fast chargers
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Key questions answered in this report
What will the market size be in 2020 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?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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