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Global Forklift Battery Market (2022-2027) by Type, Applications, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 187 Pages
  • May 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5635943

In June 2022, India's aluminum producer, Vedanta Aluminium, commissioned India's largest electric fleet of 27 forklifts powered by lithium-ion batteries

The Global Forklift Battery Market is estimated to be USD 5.12 Bn in 2022 and is expected to reach USD 7.3 Bn by 2027, growing at a CAGR of 7.35%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals. As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The Global Forklift Battery Market is segmented based on Type, Applications, and Geography.
  • By Type, the market is classified into Lead-acid Battery, Nickel-cadmium Battery, and Sodium-sulfur Battery.
  • By Applications, the market is classified into Warehouse, Manufacturing, and Construction.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Accumulatorenwerke HOPPECKE Carl Zoellner, Amara Raja Batteries, Camel Group, Crown Equipment, East Penn Manufacturing, EnerSys, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Forklift Battery Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach. The analyst analyses the Global Forklift Battery Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position. Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Forklift Battery Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Forklift Battery Market

What is the estimated value of the Global Forklift Battery Market?

The Global Forklift Battery Market was estimated to be valued at $5.12 Billion in 2022.

What is the growth rate of the Global Forklift Battery Market?

The growth rate of the Global Forklift Battery Market is 7.3%, with an estimated value of $7.3 Billion by 2027.

What is the forecasted size of the Global Forklift Battery Market?

The Global Forklift Battery Market is estimated to be worth $7.3 Billion by 2027.

Who are the key companies in the Global Forklift Battery Market?

Key companies in the Global Forklift Battery Market include Accumulatorenwerke HOPPECKE Carl Zoellner, Amara Raja Batteries, Camel Group, Crown Equipment, East Penn Manufacturing, EnerSys, Exide Industries, Flux Power Holdings, GS Yuasa and Microtex Energy.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Emergence of Fuel Cell Forklifts as an Alternative to the Electric Forklift
4.1.2 Expanding Warehouse Spaces and Industry Manufacturing Sector
4.2 Restraints
4.2.1 High Cost Associated with Lithium-Ion Battery
4.3 Opportunities
4.3.1 Growing Penetration of Concept Like Green Logistics
4.4 Challenges
4.4.1 Price Volatility in Lead
4.4.2 Availability of Substitutes such as Propane or Gasoline Forklifts
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Forklift Battery Market, By Type
6.1 Introduction
6.2 Lead-acid Battery
6.3 Nickel-cadmium Battery
6.4 Sodium-sulfur Battery
7 Global Forklift Battery Market, By Applications
7.1 Introduction
7.2 Warehouse
7.3 Manufacturing
7.4 Construction
8 Americas' Forklift Battery Market
8.1 Introduction
8.2 Argentina
8.3 Brazil
8.4 Canada
8.5 Chile
8.6 Colombia
8.7 Mexico
8.8 Peru
8.9 United States
8.10 Rest of Americas
9 Europe's Forklift Battery Market
9.1 Introduction
9.2 Austria
9.3 Belgium
9.4 Denmark
9.5 Finland
9.6 France
9.7 Germany
9.8 Italy
9.9 Netherlands
9.10 Norway
9.11 Poland
9.12 Russia
9.13 Spain
9.14 Sweden
9.15 Switzerland
9.16 United Kingdom
9.17 Rest of Europe
10 Middle East and Africa's Forklift Battery Market
10.1 Introduction
10.2 Egypt
10.3 Israel
10.4 Qatar
10.5 Saudi Arabia
10.6 South Africa
10.7 United Arab Emirates
10.8 Rest of MEA
11 APAC's Forklift Battery Market
11.1 Introduction
11.2 Australia
11.3 Bangladesh
11.4 China
11.5 India
11.6 Indonesia
11.7 Japan
11.8 Malaysia
11.9 Philippines
11.10 Singapore
11.11 South Korea
11.12 Sri Lanka
11.13 Thailand
11.14 Taiwan
11.15 Rest of Asia-Pacific
12 Competitive Landscape
12.1 Competitive Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 M&A and Investments
12.3.2 Partnerships and Collaborations
12.3.3 Product Developments and Improvements
13 Company Profiles
13.1 Accumulatorenwerke HOPPECKE Carl Zoellner
13.2 Amara Raja Batteries
13.3 Camel Group
13.4 Crown Equipment
13.5 East Penn Manufacturing
13.6 EnerSys
13.7 Exide Industries
13.8 Flux Power Holdings
13.9 GS Yuasa
13.10 Microtex Energy
13.11 Narada Power Source
13.12 Storage Battery Systems
13.13 Systems Sunlight
13.14 TOTAL
13.15 Trojan Battery
14 Appendix
14.1 Questionnaire

Companies Mentioned

  • Accumulatorenwerke HOPPECKE Carl Zoellner
  • Amara Raja Batteries
  • Camel Group
  • Crown Equipment
  • East Penn Manufacturing
  • EnerSys
  • Exide Industries
  • Flux Power Holdings
  • GS Yuasa
  • Microtex Energy
  • Narada Power Source
  • Storage Battery Systems
  • Systems Sunlight
  • Trojan Battery