Global Forklift Battery Market 2018-2022| APAC Region Dominates the Global Market| Technavio

Technavio has published a new market research report on the global forklift battery market from 2018-2022. (Graphic: Business Wire)

LONDON--()--According to the latest market research report released by Technavio, the global forklift battery market is expected to accelerate at a CAGR of almost 9% during the forecast period. The increasing demand for electric forklift applications is one of the key factors triggering the growth of the market.

This research report titled ‘Global Forklift Battery Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

The market research analysis categorizes the global forklift battery market into the following geographies:

  • Americas
  • APAC
  • EMEA

In 2017, the APAC region accounted for close to 41% of the global market and is projected to reach nearly 43% by 2022, exhibiting almost 2% increase in market share.

Global forklift battery market: Top emerging trend

Legislative support for battery recycling is an emerging trend in the forklift battery market. In countries such as the US, various major battery manufacturers have collaborated to establish the corporation for battery recycling to support battery recycling for future use. The European Union has imposed stringent legislation for battery recycling. However, the current rate of lead-acid battery collection is low in the EU when compared with the US. All battery manufacturers must adhere to the regulated recycling levels. The end-products of recycling are lead scrap, which can be used in the battery industry as a secondary metal.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

  • Market Outline
  • Global Forklift Battery Market Overview

Market Insights

  • Market Sizing and Forecasts
  • Market Growth
  • Market Drivers and Challenges
  • Key Emerging Trends

Market Segmentation Analysis

  • Regional comparison (APAC, Americas, and EMEA)
  • Key leading countries

Vendor Landscape

  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario
  • Analysis of top vendors (East Penn Manufacturing, EnerSys, Exide Technologies, HOPPECKE Batterien, and Saft)

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

According to the latest market research report by Technavio, the global forklift battery market is expected to accelerate at a CAGR of almost 9%.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200