The Key Players in Global Forklift Battery Market 2016-2020

Tuesday 28 June 2016, Amsterdam

Market Research Report Press Release The report, now available on ASDReports, recognizes the following companies as the key players in the Global Forklift Battery Market: East Penn Manufacturing Co., Inc., Exide Industries Ltd., Midac Batteries S.P.A., Navitas System, LLC Corporate., and Storage Battery Systems, LLC.

Other Prominent Vendors in the market are: Chloride Batteries, Crown Battery, Hoppecke, Johnson Controls, and Trojan Battery.

Commenting on the report, an analyst said: “The use of fast chargers could overcome the barrier of long duration recharge. Conventional chargers provide nearly 5 kW and charge from 20% state of charge (SOC) to 100% SOC in eight hours. In contrast, fast chargers range from 15-30 kW and charge the battery to 100% SOC in one or two hours. The cost of a fast charge battery is higher than a lead-acid battery, but this technology helps in reducing the recharge duration, which in turn increases the number of shifts per day.”

According to the report, the improved internet penetration, increasing disposable income, evolving customer needs, and innovative payment methods are driving customers to make purchases online. The convenience and wide range of product offerings results in significant growth in the e-commerce industry, shifting the focus toward the logistic sector. To meet the growing demand by end-users, companies are focusing on expanding their warehouse spaces to increase the range of products.

Further, the report states that one of the major challenges faced by the global forklift battery market is replacements of electric forklifts by fuel cell forklifts.

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.
Global Forklift Battery Market 2016-2020

Global Forklift Battery Market 2016-2020

Publish date : June 2016
Report code : ASDR-278123
Pages : 60

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