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 pivotal explaining overview of
this business space, the report includes information pertaining to the
remuneration presently held by this industry, in tandem with a meticulous
illustration of the Electric Forklift Batteries market segmentation and the
growth opportunities prevailing across this vertical.
Forklift batteries require high power
and energy density. Lead-acid batteries were commonly used in forklifts.
However, Li-ion batteries are also now being used in forklifts.
Let’s have a look of these important prospects
Competitive Prospect
- Sales area
- Distribution
- Company profile
- Company overview
- Products manufactured
- Price patterns
- Revenue procured
- Gross margins
- Product sales
Geographical Prospect
- Product consumption patterns
- A valuation that each of these
regions account for in the industry
- Market share which every region
holds
- Consumption market share across
the geographies
- Product consumption growth rate
- Geographical consumption rate
Product Prospect
- Market share held by the product
- Projected valuation of each type
- Individual product consumption as
per value and growth rate
- Sales value
Application Prospect
- Market share held
by each application segment
- Forecast valuation
of each application
- Consumption patterns
Favorable policy implementations and growing concerns to reduce the emission levels contributed by the transport sector will augment the market growth. The government led tax incentives, ambitious manufacturing targets, and growing investments of automotive manufacturers toward EV development will further facilitate the large-scale deployment of these batteries.
