The market for forklift batteries is expected to grow from its current market valuation of US$ 23.5 billion in 2022 to one of US$ 44.7 billion by the end of 2032. This notable growth in market size can be attributed to the foreseen 6.6% high-value CAGR in forklift battery sales over the next ten years.
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According to Fact MR provides an overview of the market’s size based on key regions, end-user applications, products, and kinds. The Forklift Battery Market Covers research then delves into the profiles of the major players, including their growth strategies, pricing policies, profit margins, and analyses of their value chains and production processes. The knowledge contained in this report serves as a solid foundation for the projections made over the forecast period.
Key Companies Profiled
- OneCharge
- Electrovaya
- Flux Power Holdings Inc.
- Exide Industries Ltd.
- Amara Raja Batteries Ltd.
- ENERSYS
- Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
- East Penn Manufacturing Industry Company
- Narada Power Source Co. Ltd
- Trojan Battery Company LLC
- Iberdrola
- GS Yuasa International Ltd.
- Crown Equipment Corporation
What insights this research provides to readers?
- The report gives information in the emerging market in the Forklift Battery industry across the world.
- The markets that are expected to overtake the major economies in terms of economic growth in the coming decade are highlighted in the report.
- The updates given in the report are with the impact of Covid-19 on the Forklift Battery industry.
- The report has also studied how the vaccination rollouts have impacted the Forklift Battery market and its individual economies.
- The report includes some key threats that may hamper the growth of the market and strategies to survive the threats.
- The report presents average annual GDP growth rates of the global Forklift Battery markets for the year 2023-2033.
- Internal, external challenges, and future growth opportunities to the market players in the Forklift Battery market are included in the report.
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Key Segments in Forklift Battery Industry Research
- By Type :
- Lithium-ion Batteries
- Lead-acid Batteries
- Nickel-cadmium Batteries
- Others
- By Voltage :
- 24 Volts
- 36 Volts
- 48 Volts
- 72 Volts
- Others
- By End User :
- Warehouses
- Wholesale Stores
- Construction Sites
- Manufacturing Industry
- Others
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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