Market Overview:
The global forklift chargers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for forklifts in warehouses, factories, and distribution centers across the globe. Additionally, the growing adoption of lithium-ion battery chargers is also propelling the growth of this market. However, fluctuations in prices of raw materials used in manufacturing forklift chargers may hamper the market growth during the forecast period. On basis of type, lead-acid battery charger held a dominant position in 2017 and is expected to maintain its dominance throughout the forecast period. This can be attributed to their low cost as compared to lithium-ion battery chargers and wide acceptance among end users owing to their high performance levels and longer life cycle as compared to other types of batteries available in Forklift Chargers Market .
Product Definition:
A forklift charger is a device used to recharge the battery of a forklift. Forklift chargers are important because they ensure that the forklifts have enough power to operate safely and efficiently.
Lithium Battery Charger:
Lithium battery charger is a device used to charge the lithium batteries of forklift trucks. It is an essential part of any forklift truck as it ensures that the driver and co-driver are always equipped with sufficient power to run the equipment. The growing demand for electric vehicles has led to increased production of electric forklifts, which in turn has driven the growth factor in this market.
Lead-acid Battery Charger:
A lead-acid battery charger is an electronic device used to recharge the batteries of a lead-acid battery. The most commonly used type of lead-acid batteries are found in forklifts, which have high power requirements and need to be frequently recharged. Lead acid batteries are very economical as compared to other types of rechargeable batteries and also have a low self-discharge rate, which makes them suitable for use in electric applications where there is no room for error.
Application Insights:
The distribution centers segment accounted for the largest market share of over 30% in 2017. The growth is attributed to the rising demand from small and medium-sized enterprises (SMEs). SMEs usually have a limited number of forklifts, which leads to higher utilization rates. This factor is expected to drive the demand for distribution center chargers in near future.
The warehousing segment is anticipated to witness significant growth over the forecast period owing to increasing e-commerce activities and need for storage facilities by various companies including FMCG, retail etc.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of prominent players such as Exide, Johnson Controls, and Odyssey. These companies are actively engaged in product development to provide advanced charging solutions for forklifts. Moreover, increasing adoption of electric vehicles is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising demand from small & medium enterprises (SMEs). SMEs play a crucial role in job creation and economic activity across Asia Pacific region. Furthermore, rapid industrialization and urbanization have resulted in increased spending on construction activities which will further propel regional demand for forklift chargers over next eight years (2030).
Growth Factors:
- Increasing demand for forklift chargers from the automotive and logistics industries
- Growing popularity of electric vehicles, which will lead to an increase in demand for forklift chargers
- Rising number of warehouses and distribution centers, which will lead to an increase in demand for forklift chargers
- Proliferation of smart factories, which will lead to an increase in demand for forklift chargers
- Development of new technologies that improve the efficiency and performance of forklift chargers
Scope Of The Report
Report Attributes
Report Details
Report Title
Forklift Chargers Market Research Report
By Type
Lithium Battery Charger, Lead-acid Battery Charger
By Application
Warehouses, Factories, Distribution Centers, Others
By Companies
Young Energy, Mengqi, NFA, Kedi, Anliju, Kaimeiwei, Hexinyuan, Gryan, WWT, Kenjie, Noblelift
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Forklift Chargers Market Report Segments:
The global Forklift Chargers market is segmented on the basis of:
Types
Lithium Battery Charger, Lead-acid Battery Charger
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Warehouses, Factories, Distribution Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Young Energy
- Mengqi
- NFA
- Kedi
- Anliju
- Kaimeiwei
- Hexinyuan
- Gryan
- WWT
- Kenjie
- Noblelift
Highlights of The Forklift Chargers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lithium Battery Charger
- Lead-acid Battery Charger
- By Application:
- Warehouses
- Factories
- Distribution Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Forklift Chargers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Forklift chargers are devices that allow forklifts to be plugged into an electrical outlet and charged.
Some of the major players in the forklift chargers market are Young Energy, Mengqi, NFA, Kedi, Anliju, Kaimeiwei, Hexinyuan, Gryan, WWT, Kenjie, Noblelift.
The forklift chargers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Forklift Chargers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Forklift Chargers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Forklift Chargers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Forklift Chargers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Forklift Chargers Market Size & Forecast, 2020-2028
4.5.1 Forklift Chargers Market Size and Y-o-Y Growth
4.5.2 Forklift Chargers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Lithium Battery Charger
5.2.2 Lead-acid Battery Charger
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Warehouses
6.2.2 Factories
6.2.3 Distribution Centers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Forklift Chargers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Forklift Chargers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Lithium Battery Charger
9.6.2 Lead-acid Battery Charger
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Warehouses
9.10.2 Factories
9.10.3 Distribution Centers
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Lithium Battery Charger
10.6.2 Lead-acid Battery Charger
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Warehouses
10.10.2 Factories
10.10.3 Distribution Centers
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Lithium Battery Charger
11.6.2 Lead-acid Battery Charger
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Warehouses
11.10.2 Factories
11.10.3 Distribution Centers
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Lithium Battery Charger
12.6.2 Lead-acid Battery Charger
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Warehouses
12.10.2 Factories
12.10.3 Distribution Centers
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Lithium Battery Charger
13.6.2 Lead-acid Battery Charger
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Warehouses
13.10.2 Factories
13.10.3 Distribution Centers
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Forklift Chargers Market: Competitive Dashboard
14.2 Global Forklift Chargers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Young Energy
14.3.2 Mengqi
14.3.3 NFA
14.3.4 Kedi
14.3.5 Anliju
14.3.6 Kaimeiwei
14.3.7 Hexinyuan
14.3.8 Gryan
14.3.9 WWT
14.3.10 Kenjie
14.3.11 Noblelift
