Tuesday 27 October 2015, Amsterdam
The report, now available on ASDReports, recognizes the following companies as the key players in the Global Motive Lead acid battery market: Axion Power International, Exide Technologies, SBS, East Penn Manufacturing, HOPPECKE Batterien, MIDAC Batteries, Navitas System and Trojan Battery
Other Prominent Vendors in the market are: Chloride Batteries S E Asia, Crown Batteries, GS Yuasa, Johnson Control, and Saft Batteries A.
Commenting on the report, an analyst said: “Vendors are looking to expand their current production capacities for lead-acid batteries to enhance their market presence. For instance, in 2015, GS Yuasa announced to expand its production capacity in Indonesia by the end of 2015 due to consistent economic growth in the country. Currently, the company has three operational plants in the country. With this expansion, the company aims to strengthen its supply system, thereby increasing market competitiveness.”
According to the report, the modern-day forklift has adapted itself well with advancing logistics industry. With increasing global industrial production demand, the material handling process has also been growing steadily. However, the material handling market is quite conservative and risk-averse. Warehouse operators need a reliable technology to ease the use of forklifts and ensure a speedy return on investment (ROI), preferably in two to three years.
Further, the report states that lack of charging infrastructure for golf cart is hindering the market growth.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
ASDReports.com contact: S. Koomen
ASDReports.com / ASDMedia BV - Veemkade 356 - 1019HD Amsterdam - The Netherlands
P : +31(0)20 486 1286 - F : +31(0)20 486 0216
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