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City of Industry, CA -- (SBWIRE) -- 08/16/2018 -- This report studies the global Forklift Battery market status and forecast, categorizes the global Forklift Battery market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
Forklift batteries require high power and energy density. Lead-acid batteries were commonly used in forklifts. However, Li-ion batteries are also now being used in forklifts.
The warehousing application segment held the largest battery market share. According to this forklift battery industry research report, the segment will account for the maximum demand for warehousing forklifts, forklift chargers, and forklift batteries throughout the forecast period owing to the increasing number of warehouses across the globe, particularly, due to the continuous growth of the E-commerce industry.
The APAC dominated the market. Owing to the growing demand for batteries in emerging economies including China and India, this region will continue to dominate the market during the next few years as well.
The major players covered in this report
East Penn Manufacturing
Storage Battery Systems
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
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