ResearchMoz added Latest Research Report titled " Motive Lead-Acid Battery Market 2015-2019: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.
Albany, NY -- (SBWIRE) -- 06/20/2016 -- This market study report segments the global motive lead-acid battery market by application and includes segments like industrial forklifts, railroads, mining, and others. The market study also analyzes the key regions for this market, including Americas, EMEA, and APAC. Leading vendors in this market are Axion Power International, Exide Technologies, SBS, East Penn Manufacturing, HOPPECKE Batterien, MIDAC Batteries, Navitas System, and Trojan Battery.
Motive lead-acid batteries provide motive power to small transport vehicles like forklifts, golf carts, railroads, and mining vehicles. The global market for motive lead-acid batteries is positively influenced by the rapid increase in material handling and industrial production in regions like Asia, Europe, and the Middle East. These factors spur the prospects for growth in this market during the forecast period and results in its stable market growth rate of more than 7% by 2019.
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Technavios market research analyst has estimated eminent factors, such as the increasing demand for forklifts applications, to drive market growth during the forecast period. Globally, it has been observed that lead-acid batteries power almost 70% of the total forklifts manufactured. Since lead-acid batteries aid in bringing down the total cost of ownership, their augmented implementation in forklifts is expected to bring about market growth in the next four years.
Application-based segmentation and analysis of: industrial forklifts, railroads, mining -
In this global market research, analysts estimate the industrial forklifts segment to dominate over all the other segments during the forecast period. This segments high market dominion can be attributed to the augmented demand for batteries from industries that manufacture motive vehicles like forklifts, hand pallets, and automated guided vehicles. By 2019, this segment is envisaged to increase its hold over the market and is estimated to account for close to 85% of the total market share.
This market research offers an analysis of each of the following segments and discusses its impact on the overall market growth -
- Industrial forklifts
Geographical segmentation of the motive lead-acid battery market
Browse detailed Market Insights at: http://www.researchmoz.us/motive-lead-acid-battery-market-2015-2019-report.html
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the motive lead-acid battery market?
- What are the key market trends impacting the growth of the motive lead-acid battery market?
- What are the challenges to market growth?
- Who are the key vendors in the motive lead-acid battery market?
- What are the market opportunities and threats faced by the vendors in the motive lead-acid battery market?
- Trending factors influencing the market shares of APAC, EMEA, and the Americas?
- What are the key outcomes of the five forces analysis of the motive lead-acid battery market?
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