DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/tdmcb4/motive_leadacid) has announced the addition of the "Motive Lead-Acid Battery Market 2015-2019" report to their offering.
This market study report segments the global motive lead-acid battery market by application and includes segments like industrial forklifts, railroads, mining, and others. The market study also analyzes the key regions for this market, including Americas, EMEA, and APAC. Leading vendors in this market are Axion Power International, Exide Technologies, SBS, East Penn Manufacturing, HOPPECKE Batterien, MIDAC Batteries, Navitas System, and Trojan Battery.
Market outlook of the motive lead-acid battery market
Motive lead-acid batteries provide motive power to small transport vehicles like forklifts, golf carts, railroads, and mining vehicles. The global market for motive lead-acid batteries is positively influenced by the rapid increase in material handling and industrial production in regions like Asia, Europe, and the Middle East. These factors spur the prospects for growth in this market during the forecast period and results in its stable market growth rate of more than 7% by 2019.
Globally, it has been observed that lead-acid batteries power almost 70% of the total forklifts manufactured. Since lead-acid batteries aid in bringing down the total cost of ownership, their augmented implementation in forklifts is expected to bring about market growth in the next four years.
Application-based segmentation and analysis of: industrial forklifts, railroads, mining
In this global market research, analysts estimate the industrial forklifts segment to dominate over all the other segments during the forecast period. This segment's high market dominion can be attributed to the augmented demand for batteries from industries that manufacture motive vehicles like forklifts, hand pallets, and automated guided vehicles. By 2019, this segment is envisaged to increase its hold over the market and is estimated to account for close to 85% of the total market share.
This market research offers an analysis of each of the following segments and discusses its impact on the overall market growth
- Industrial forklifts
Key vendors in this market are
- Axion Power International
- Exide Technologies
- East Penn Manufacturing
- HOPPECKE Batterien
- MIDAC Batteries
- Navitas System
- Trojan Battery
For more information visit http://www.researchandmarkets.com/research/tdmcb4/motive_leadacid