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

July 30, 2018

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

LONDON--(BUSINESS WIRE)--Jul 30, 2018--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.

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

This research report titled ’ ’ 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:

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.

Looking for more information on this market?

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

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.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180730005686/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY MANUFACTURING OTHER MANUFACTURING ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 07/30/2018 02:36 PM/DISC: 07/30/2018 02:36 PM

http://www.businesswire.com/news/home/20180730005686/en

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