The report forecasts the global forklift battery market to grow at a CAGR of 8.1% during the period 2016-2020.
Commenting on the report, an analyst from the research team 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.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- East Penn Manufacturing Co.
- Exide Industries Ltd.
- Midac Batteries S.P.A.
- Navitas System
- LLC Corporate.
- Storage Battery Systems
- Chloride Batteries
- Crown Battery
- Johnson Controls
- Trojan Battery
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information visit http://www.researchandmarkets.com/research/jh5wrc/global_forklift
Research and Markets
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SOURCE Research and Markets