Favorable Prospects for the Global Electric Forklift Batteries Market
The global Electric Forklift Batteries market is segmented on the basis of type of product, application, and region. Traction Battery Market size will surpass USD 65 Billion by 2024, as reported in the latest study by Global Market Insights, Inc . Forklift traction battery market will witness growth on account of growing industrialization, driven by material handling industry and increasing penetration of e-commerce. In addition, the growing prominence of electric forklifts as a means to minimize GHG emission will further stimulate the industry growth. The ability to offer lesser emissions and lower operating costs in comparison to internal combustion models will further complement the business outlook. The research study on the Electric Forklift Batteries market projects this industry to garner substantial proceeds by the end of the projected duration, with a commendable growth rate liable to be registered over the estimated timeframe. A ...