LONDON--(BUSINESS WIRE)--Technavio has been monitoring the motive lead-acid battery market and it is poised to grow by USD 2.21 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Motive Lead-acid Battery Market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, C&D Technologies Inc., Clarios, East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Exide Technologies, GS Yuasa Corp., Leoch International Technology Ltd., and Narada Power Source Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Growing demand for electric forklifts has been instrumental in driving the growth of the market. However, increasing competition from lithium-ion batteries might hamper market growth.
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Motive Lead-acid Battery Market 2020-2024: Segmentation
Motive Lead-acid Battery Market is segmented as below:
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Battery Type
- VRLA
- FLA
-
Geography
- APAC
- EMEA
- Americas
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Motive Lead-acid Battery Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our motive lead-acid battery market report covers the following areas:
- Motive Lead-acid Battery Market Size
- Motive Lead-acid Battery Market Trends
- Motive Lead-acid Battery Market Industry Analysis
This study identifies the emergence of fuel cell-based material handling equipment as one of the prime reasons driving the motive lead-acid battery market growth during the next few years.
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Motive Lead-acid Battery Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist motive lead-acid battery market growth during the next five years
- Estimation of the motive lead-acid battery market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the motive lead-acid battery market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of motive lead-acid battery market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: CUSTOMER LANDSCAPE
PART 07: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- EMEA - Market size and forecast 2019-2024
- Americas - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 08: MARKET SEGMENTATION BY BATTERY TYPE
- Market segmentation by battery type
- Comparison by battery type
- VRLA - Market size and forecast 2019-2024
- FLA - Market size and forecast 2019-2024
- Market opportunity by battery type
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Increasing adoption of AGVs
- Emergence of fuel cell-based material handling equipment
- Rise in battery recycling initiatives
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
- C&D Technologies Inc.
- Clarios
- East Penn Manufacturing Co. Inc.
- EnerSys
- Exide Industries Ltd.
- Exide Technologies
- GS Yuasa Corp.
- Leoch International Technology Ltd.
- Narada Power Source Co. Ltd.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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