+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

The U.S. Forklift Battery Market by Type, Capacity, and Application: Country Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5214853
  • Report
  • October 2020
  • Region: United States
  • 128 pages
  • Allied Analytics LLP
1 of 3
The U. S. forklift battery market was valued at $822. 2 million in 2019, and is projected to reach $1,306. 6 million by 2027, growing at a CAGR of 7. 1% from 2020 to 2027.



Electric forklift is the material handling equipment used to load, unload, and move the products or materials sizing from low to heavy capacity. It is widely used in the industries such as warehousing, manufacturing, construction, transportation, and others. It needs energy storage systems/batteries to lift up the load and its movement. Forklift battery is the key component used in the electric forklifts for the above-mentioned purposes. Electric forklift offers benefits such as less cost than other conventional forklifts, environmentally friendly, and others.

Emergence of fuel cell forklifts as an alternative to the electric forklift along with increase in investment toward public and private sectors to maintain the lead in hydrogen economy is expected to drive the growth of the market in the upcoming years. Moreover, growth in the manufacturing and retail & wholesale sectors in the U. S. needs to expand space in warehouses for their product storages. Thus, for the loading, unloading, and material handling there is need of electric forklift, which in turn drives the forklift battery market growth in the U. S. Moreover, growth in awareness toward minimizing environmental pollution and rapid growth in the green logistics is expected to create opportunity in the U. S. forklift battery market during the forecast period.

The U. S. forklift battery market is segmented into type, capacity, and application. Depending on type, the market is categorized into lithium-ion battery, lead acid battery, fuel cell battery, and others. On the basis of capacity, it is bifurcated into 0-600 Ahr, 600-1200 Ahr, and above 1200 Ahr. The applications covered in the study include warehouses, manufacturing, construction, retail & wholesale stores, and others.

KEY BENEFITS FOR STAKEHOLDERS
  • The report includes in-depth analysis of different segments and provides market estimations between 2020 and 2027.
  • A comprehensive analysis of the factors that drive and restrict the growth of the U. S. forklift battery market is provided.
  • Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
  • Estimations and forecast are based on factors impacting the U. S. forklift battery market growth, in terms of value.
  • The key market players are profiled to gain an understanding of the strategies adopted by them.
  • This report provides a detailed analysis of the current trends and future estimations from 2020 to 2027, which help to identify the prevailing market opportunities.
KEY MARKET SEGMENTS

By Type
  • Lithium-Ion Battery
  • Lead Acid Battery
  • Fuel Cell Battery
  • Others
By Capacity
  • 0-600 Ahr
  • 600-1200 Ahr
  • Above 1200 Ahr
By Application
  • Warehouses
  • Manufacturing
  • Construction
  • Retail & Wholesale Stores
  • Other
KEY MARKET PLAYERS
  • Crown Equipment Corporation
  • East Penn Manufacturing Company
  • Enersys
  • Storage Battery Systems, LLC
  • Exide Technologies
  • Flux Power Holdings, Inc.
  • Total SE
  • Bulldog Battery Corporation
  • OneCharge
  • ForeverPure Corporation
  • ther players operating in the value chain of the U. S. forklift battery market are NITCO, American Battery Company, Power Battery Company, Inc., Dyno Battery, Inc., Union Battery Corporation, and others.
Note: Product cover images may vary from those shown
2 of 3
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter 2: Executive Summary
2.1. Key Findings
2.2. Cxo Perspective

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Forces Shaping the Market
3.3. Value Chain Analysis
3.4. Top Investment Pockets
3.5. Patent Analysis
3.5.1. By Region, 2013-2020
3.6. Market Dynamics
3.6.1. Drivers
3.6.1.1. Emergence of Fuel Cell Forklifts as An Alternative to the Electric Forklift
3.6.1.2. Expanding Warehouse Spaces and the Manufacturing Industry
3.6.2. Restraints
3.6.2.1. High Cost Associated With Lithium-Ion Battery
3.6.3. Opportunity
3.6.3.1. Growth in Penetration of Green Logistics
3.7. Impact of Government Rules and Regulations
3.7.1. Occupational Health and Safety Act (Osha) Clauses Pertinent to Condition of Powered Forklift Trucks
3.8. Impact of Covid-19 Outbreak on the Market
3.9. Barrier to Lithium-Ion Battery Penetration in the Market
3.10. Competitive Factors of Forklift Batteries
3.11. Pricing Analysis Forklift Batteries
3.12. Market Share Analysis
3.13. Distributor Analysis

Chapter 4: U. S. Forklift Battery Market, by Type
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Lithium-Ion Battery
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, 2019-2027 ($Million)
4.3. Lead Acid Battery
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, 2019-2027 ($Million)
4.4. Fuel Cell Battery
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, 2019-2027 ($Million)
4.5. Others
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, 2019-2027 ($Million)

Chapter 5: U. S. Forklift Battery Market, by Capacity
5.1. Overview
5.1.1. Market Size and Forecast
5.2.0-600 Ahr
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, 2019-2027 ($Million)
5.3.600-1200 Ahr
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, 2019-2027 ($Million)
5.4. Above 1,200 Ahr
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, 2019-2027 ($Million)

Chapter 6: U. S. Forklift Battery Market, by Application
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Warehouses
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, 2019-2027 ($Million)
6.3. Manufacturing
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, 2019-2027 ($Million)
6.4. Construction
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, 2019-2027 ($Million)
6.5. Retail & Wholesale Stores
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, 2019-2027 ($Million)
6.6. Others
6.6.1. Key Market Trends, Growth Factors, and Opportunities
6.6.2. Market Size and Forecast, 2019-2027 ($Million)

Chapter 7: Competitive Landscape
7.1. Introduction
7.1.1. Market Player Positioning, 2019
7.2. Top Winning Strategies
7.2.1. Top Winning Strategies, by Year
7.2.2. Top Winning Strategies, by Development
7.2.3. Top Winning Strategies, by Company
7.3. Product Mapping of Top 10 Players
7.4. Competitive Heatmap
7.5. Key Developments
7.5.1. New Product Launches
7.5.2. Agreement
7.5.3. Acquisitions
7.5.4. Product Development
7.5.5. Partnerships

Chapter 8: Company Profiles
8.1. Crown Equipment Corporation
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Product Portfolio
8.1.4. Key Strategic Moves and Developments
8.2. East Penn Manufacturing Company
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Product Portfolio
8.2.4. Key Strategic Moves and Developments
8.3. Enersys
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Product Portfolio
8.3.5. Business Performance
8.3.6. Key Strategic Moves and Developments
8.4. Storage Battery Systems, LLC
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Product Portfolio
8.5. Exide Technologies
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Product Portfolio
8.5.4. Key Strategic Moves and Developments
8.6. Flux Power Holdings, Inc.
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Product Portfolio
8.6.4. Business Performance
8.6.5. Key Strategic Moves and Developments
8.7. Total Se
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Product Portfolio
8.7.5. Business Performance
8.8. Bulldog Battery Corporation
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Product Portfolio
8.9. Onecharge
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Product Portfolio
8.9.4. Key Strategic Moves and Developments
8.10. Foreverpure Corporation
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Product Portfolio

List of Tables
Table 01. U.S. Forklift Battery Market, by Type, 2019-2027 ($Million)
Table 02. U.S. Forklift Battery Market, by Capacity, 2019-2027 ($Million)
Table 03. U.S. Forklift Battery Market, by Application, 2019-2027 ($Million)
Table 04. Key New Product Launches (2017-2020)
Table 05. Key Agreement (2017-2020)
Table 06. Key Acquisitions (2017-2020)
Table 07. Key Product Development (2017-2020)
Table 08. Key Partnerships (2017-2020)
Table 09. Crown: Company Snapshot
Table 10. Crown: Product Portfolio
Table 11. Crown: Key Strategic Moves and Developments
Table 12. East Penn: Company Snapshot
Table 13. East Penn: Product Portfolio
Table 14. East Penn: Key Strategic Moves and Developments
Table 15. Enersys: Company Snapshot
Table 16. Enersys: Operating Segments
Table 17. Enersys: Product Portfolio
Table 18. Overall Financial Status ($Million)
Table 19. Enersys: Key Strategic Moves and Developments
Table 20. Sbs: Company Snapshot
Table 21. Sbs: Product Portfolio
Table 22. Exide Technologies: Company Snapshot
Table 23. Exide Technologies: Product Portfolio
Table 24. Exide Technologies: Key Strategic Moves and Developments
Table 25. Flux Power: Company Snapshot
Table 26. Flux Power: Product Portfolio
Table 27. Overall Financial Status ($Million)
Table 28. Flux Power: Key Strategic Moves and Developments
Table 29. Total: Company Snapshot
Table 30. Total: Operating Segments
Table 31. Total: Product Portfolio
Table 32. Overall Financial Status ($Million)
Table 33. Bulldog Battery Corporation: Company Snapshot
Table 34. Bulldog Battery Corporation: Product Portfolio
Table 35. Onecharge: Company Snapshot
Table 36. Onecharge: Product Portfolio
Table 37. Onecharge: Key Strategic Moves and Developments
Table 38. Foreverpure Corporation: Company Snapshot
Table 39. Foreverpure Corporation: Product Portfolio

List of Figures
Figure 01. Key Market Segments
Figure 02. High Bargaining Power of Suppliers
Figure 03. Moderate Threat of New Entrants
Figure 04. Moderate Threat of Substitutes
Figure 05. High Intensity of Competitive Rivalry
Figure 06. Moderate Bargaining Power of Buyers
Figure 07. Value Chain Analysis
Figure 08. Top Investment Pockets
Figure 09. Patent Analysis, by Region
Figure 10. U. S. Forklift Battery Market Dynamics
Figure 11. U. S. Forklift Battery Market, by Type, 2019-2027
Figure 12. U. S. Forklift Battery Market for Lithium-Ion Battery, 2019-2027 ($Million)
Figure 13. U. S. Forklift Battery Market for Lead-Acid Battery, 2019-2027 ($Million)
Figure 14. U. S. Forklift Battery Market for Fuel Cell Battery, 2019-2027 ($Million)
Figure 15. U. S. Forklift Battery Market for Others, 2019-2027 ($Million)
Figure 16. U. S. Forklift Battery Market, by Capacity, 2019-2027
Figure 17. U. S. Forklift Battery Market for 0-600 Ahr Battery Capacity, 2019-2027 ($Million)
Figure 18. U. S. Forklift Battery Market for 600-1200 Ahr Battery Capacity, 2019-2027 ($Million)
Figure 19. U. S. Forklift Battery Market for Above 1200 Ahr Battery Capacity, 2019-2027 ($Million)
Figure 20. U. S. Forklift Battery Market, by Application, 2019 Vs 2027
Figure 21. U. S. Forklift Battery Market for Warehouses, 2019-2027 ($Million)
Figure 22. Global Manufacturing Output of Top 10 Economies (2018) (% Share)
Figure 23. U. S. Forklift Battery Market for Manufacturing, 2019-2027 ($Million)
Figure 24. U. S. Forklift Battery Market for Construction, 2019-2027 ($Million)
Figure 25. U. S. Retail Sales Growth, 2012-2020 ($Trillion)
Figure 26. U. S. Forklift Battery Market for Retail & Wholesale Stores, 2019-2027 ($Million)
Figure 27. U. S. Forklift Battery Market for Others, 2019-2027 ($Million)
Figure 28. Market Player Positioning, 2019
Figure 29. Top Winning Strategies, by Year, 2017-2020
Figure 30. Top Winning Strategies, by Development, 2017-2020 (%)
Figure 31. Top Winning Strategies, by Company, 2017-2020
Figure 32. Product Mapping of Top 10 Players
Figure 33. Competitive Heatmap of Key Players
Figure 34. Enersys: Revenue, 2017-2019 ($Million)
Figure 35. Enersys: Revenue Share by Segment, 2019 (%)
Figure 36. Enersys: Revenue Share by Region, 2019 (%)
Figure 37. Flux Power: Revenue, 2017-2019 ($Million)
Figure 38. Total: Revenue, 2017-2018 ($Million)
Figure 39. Total: Revenue Share by Segment, 2019 (%)
Note: Product cover images may vary from those shown
3 of 3

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

Loading
LOADING...

Adroll
adroll