The Global Forklift Battery Market to grow at a CAGR of 8.1% during the period 2016-2020. The Forklift Battery market report covers the present scenario and the growth prospects of the Forklift Battery for 2016-2020. To calculate the market size, the report considers both the direct revenue and the indirect revenue of the vendors.
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The report provides a basic overview of the Forklift Battery including definitions, classifications, applications and market Sales chain structure. The Forklift Battery report enlists several important factors, starting from the basics to advanced market intelligence which play a crucial part in strategizing.
Forklift Battery Market Opportunities:
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.
With a purpose of enlightening new entrants about the possibilities in this market, this report investigates new project feasibility. Various details about the manufacturing process such as market drivers, impact of drivers, market challenges and impact of drivers and challenges, market trends, vendor landscape analysis and so on, is discussed in the report.
Key players in Forklift Battery Industry
- East Penn Manufacturing Co., Inc.
- Exide Industries Ltd.
- Midac Batteries S.P.A.
- Navitas System, LLC Corporate.
- Storage Battery Systems, LLC
- Chloride Batteries
- Crown Battery
- Johnson Controls
- Trojan Battery
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In the end, the report makes some important proposals for a new project of Forklift Battery Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2016-2020 global Forklift Battery industry covering all important parameters.
Forklift Battery Market Driver
- Expansion of warehouse space in e-commerce industry
Forklift Battery Market Challenge
- Replacements of electric forklifts by fuel cell forklifts
Forklift Battery Market Trend
- Use of fast chargers
Key questions answered in this Forklift Battery 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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