Forklift Battery Market PPT 2024: Size, Growth, Demand and Forecast till 2032

The global forklift battery market size reached US$ 4.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.

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1. Global Forklift Battery Market Research and Forecast Report 2024-2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved

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3. Report Highlight and Description According to the latest report by IMARC Group, titled  "Forklift Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,"  the  global forklift battery market size reached US$ 4.9 Billion in 2023. A forklift battery, often made of lead-acid or lithium-ion, is a power source specifically designed to run forklifts and other electric industrial vehicles. The principal role of these batteries is to supply the necessary energy to run the vehicle's motor, lift, and other operational functions. A typical forklift battery is rechargeable and built to endure rigorous use over several years. Lead-acid batteries are traditionally used due to their robustness and cost-effectiveness, but lithium-ion batteries are growing in popularity because of their superior energy efficiency, longer lifespan, and faster charging times. They also require less maintenance, making them increasingly favored in applications requiring high uptime and productivity. Request for a PDF sample of this report: https://www.imarcgroup.com/forklift-battery-market/requestsample

4. Report Description Global Forklift Battery Market Trends : The increasing need for efficient warehouse management systems and material handling equipment in various industries, such as automotive, e-commerce, food & beverages (F&B), and construction, is propelling the demand for forklift batteries. Besides this, significant advancements in battery technology and the push toward sustainability have led to the increased adoption of electric and hybrid forklifts, which rely on batteries for operation, thus creating a positive outlook for market expansion. Moreover, the rising popularity of battery technologies, such as lithium-ion, due to their long life cycle, high energy density, and fast charging capability is aiding in market expansion. In addition to this, the implementation of increasingly stringent environmental regulations is encouraging the shift from internal combustion engine forklifts to electric forklifts, which, in turn, is bolstering the demand for forklift batteries. Furthermore, the rise in automation and the advent of Industry 4.0 has facilitated the need for more efficient, durable, and fast-charging power solutions, contributing to the market's growth. Concurrent with this, ongoing technological advancements, such as the integration of the Internet of Things (IoT) and artificial intelligence (AI) in forklifts to increase operational efficiency, is creating an upsurge in the forklift battery market. Looking forward, the market value is projected to reach US$ 7.7 Billion by 2032, expanding at a CAGR of 4.9% during 2024-2032. View Report TOC, Figures and Tables : https://www.imarcgroup.com/forklift-battery-market

5. Report Segmentation Breakup by Type: Lithium-ion Battery Lead–Acid Battery Others   Breakup by Sales Channel: OEM Aftermarket Breakup by Application: Warehouses Manufacturing Construction Retail and Wholesale Stores Others

6. Report Segmentation Breakup by Region: North America Asia-Pacific Europe Latin America Middle East and Africa

7. Competitive Landscape with Key Players 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.

8. Key Questions Answered in the Report

9. Table of Contents 1    Preface 2    Scope and Methodology     2.1    Objectives of the Study     2.2    Stakeholders     2.3    Data Sources         2.3.1    Primary Sources         2.3.2    Secondary Sources     2.4    Market Estimation         2.4.1    Bottom-Up Approach         2.4.2    Top-Down Approach     2.5    Forecasting Methodology 3    Executive Summary 4    Introduction     4.1    Overview     4.2    Key Industry Trends 5    Global Forklift Battery Market     5.1    Market Overview     5.2    Market Performance     5.3    Impact of COVID-19   5.4    Market Forecast 6     Market Breakup by Type 6.1 Lithium-ion Battery 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Lead–Acid Battery 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Others 6.3.1 Market Trends 6.3.2 Market Forecast 7 Market Breakup by Sales Channel        

10. Table of Contents 7.1 OEM 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Aftermarket 7.2.1 Market Trends 7.2.2 Market Forecast 8 Market Breakup by Application 8.1 Warehouses 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Manufacturing 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Construction 8.3.1 Market Trends 8.3.2 Market Forecast 8.4 Retail and Wholesale Stores 8.4.1 Market Trends 8.4.2 Market Forecast 8.5 Others 8.5.1 Market Trends 8.5.2 Market Forecast 9 Market Breakup by Region 9.1 North America 9.1.1 United States 9.1.1.1 Market Trends 9.1.1.2 Market Forecast 9.1.2 Canada 9.1.2.1 Market Trends 9.1.2.2 Market Forecast For more information, visit : https://www.imarcgroup.com/forklift-battery-market/toc

11. Partial List of Clients

12. Partial List of Clients

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