Forklift Battery Market Report 2023-2028 PDF | Growth | Trends | Forecast

1. Forklift Battery Market Report 2023 By Type, Sales Channel and Application Key Regions and Competitive Landscape www.imarcgroup.com Sales@imarcgroup.com +1-631-791-1145 Author: Elena Anderson, Marketing Manager | IMARC Group Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

2. About IMARC Group Report Description The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Forklift Battery Market Outlook 2023-2028: The global forklift battery market size reached US$ 4.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028. Forklift battery refers to rechargeable cells particularly used for a forklift truck to function adequately and lift heavy objects. It comprises lithium-ion, lead-acid, and nickel-cadmium batteries to run properly and efficiently. It is cheaper, easy to maintain, and does not release harmful emissions as compared to fuel-powered forklifts. As a result, forklift battery finds applications for various purposes, such as construction, warehouse, manufacturing, and wholesale stores, across the globe.

4. Report Description and Highlights Report Description Global Forklift Battery Market Trends: Presently, the rising adoption of electric forklifts in warehousing and manufacturing sectors for indoor and outdoor applications represents one of the primary factors strengthening the market growth. Besides this, the growing demand for autonomous electric forklifts that are integrated with cameras, radar systems, and artificial intelligence (Al) telematics to record the movement and position of an object is offering a positive market outlook. Apart from this, the increasing adoption of lead-acid batteries in forklifts due to high durability and reliability is bolstering the growth of the market. Moreover, the rising preference to install low-cost operating systems as to reduce the overall downtime is offering lucrative growth opportunities to industry investors. Furthermore, the increasing demand for forklift batteries to maintain smooth and quick material handling operations is supporting the growth of the market. Request for a free sample report: https://www.imarcgroup.com/forklift-battery-market/requestsample

5. Report Description and Highlights Report Description • Market Summary: • Breakup by Type: • Lithium-ion Battery • Lead-Acid Battery • Others • Breakup by Application: • Warehouses • Manufacturing • Construction • Retail and Wholesale Stores • Others

6. Report Description and Highlights Report Description • Breakup by Sales Channel: • OEM • Aftermarket • Breakup by Region: • North America • Europe • Asia Pacific • Middle East and Africa • Latin America • On account of the aforementioned factors, the market is anticipated to witness strong growth during 2023-2028.

7. Report Description and Highlights Report Description • Competitive Landscape With Key player: • Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH • Amara Raja Batteries Ltd. • Camel Group Co. Ltd. • Crown Equipment Corporation • East Penn Manufacturing Company • Enersys • Exide Industries Limited • Flux Power • Microtex Energy Private Limited • Northland Industrial Truck Co. Inc. (Alta Enterprises LLC) • Storage Battery Systems LLC • Systems Sunlight S.A. • View Report TOC, Figures and Tables: https://www.imarcgroup.com/forklift-battery-market

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9. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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