Global Industrial Battery for Material Handling Equipment Market Growth 2023-2029

Global Industrial Battery for Material Handling Equipment Market Growth 2023-2029

Material handling equipment are usually gasoline-powered or electric-powered. Lead-acid batteries power more than three-fourth of the electric forklifts manufactured globally and are cost-effective, offering additional benefits like high resilience in difficult environmental conditions.

LPI (LP Information)' newest research report, the “Industrial Battery for Material Handling Equipment Industry Forecast” looks at past sales and reviews total world Industrial Battery for Material Handling Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Battery for Material Handling Equipment sales for 2023 through 2029. With Industrial Battery for Material Handling Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Battery for Material Handling Equipment industry.

This Insight Report provides a comprehensive analysis of the global Industrial Battery for Material Handling Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Battery for Material Handling Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Industrial Battery for Material Handling Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Battery for Material Handling Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Battery for Material Handling Equipment.

The global Industrial Battery for Material Handling Equipment market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Various mechanical, automotive, food and beverage, logistics, chemical, timber and paper printing, and retail and wholesale companies extensively rely on battery-powered forklifts. Many end-users adopt electric forklifts because they are associated with low noise level and reduced emissions and eliminate the cost of fuel.

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Battery for Material Handling Equipment market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Li-ion Battery
Lead-acid Battery

Segmentation by application
E-commerce & Retail
Food & Beverage
Manufacturing
Pharmaceutical
Airport
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
East Penn Manufacturing
EnerSys
Exide Technologies
Trojan Battery
Valence Technology
Chloride Exide
Crown Battery
EverExceed
Exide Industries
HOPPECKE
MIDAC Batteries
Navitas System

Key Questions Addressed in this Report

What is the 10-year outlook for the global Industrial Battery for Material Handling Equipment market?

What factors are driving Industrial Battery for Material Handling Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Industrial Battery for Material Handling Equipment market opportunities vary by end market size?

How does Industrial Battery for Material Handling Equipment break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.