Market Overview:
The global forklift lead-acid batteries 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 forklift lead-acid batteries from various end-use industries, such as academic research, pharma/bio-tech, and industry. In addition, the growing demand for solvent purification systems is also propelling the growth of the global forklift lead-acid batteries market. On the basis of type, 1-column solvent purification systems held a major share of the global forklift lead acid battery market in 2017 and is projected to grow at a CAGR of 5.8% during 2018–2030 owing to its low cost and easy installation process as compared to other types of solvent purification systems available in the market.
Product Definition:
Forklift lead-acid batteries are an important part of forklifts. They provide power to the forklift so that it can move materials around. Without them, the forklift would be unable to function.
1-Column Solvent Purification Systems:
1-Column solvent purification systems are used for the removal of water and other volatiles from the feed stream in lead-acid batteries. The technology is used to produce high purity lead with low dissolved solids content, which reduces the risk of corrosion in battery components. Solvent purification systems have gained importance owing to stringent environmental regulations regarding wastewater treatment and disposal, especially in developed countries such as U.S., Canada, Germany, France and Japan.
3-Column Solvent Purification Systems:
3-COLUMN SOLVENT PURIFICATION SYSTEMS are used in forklift lead-acid batteries to remove the electrolyte and water from the battery. The system consists of three components namely, a pump, filter assembly and separator. The pump removes the electrolyte and water through its filter assembly while separator separates these liquids based on their densities.
Application Insights:
The industry is segmented by application into academic research, industry, and others. The other applications include in-house applications such as in the pharma/bio-tech sector or for household uses such as in the residential sector. In terms of revenue, the industrial segment dominated with a share of over 40% in 2017 owing to rising demand from various end-use industries including automotive and electronics.
The forklift lead-acid battery is widely used across various end-use industries due to its ability to meet high power demands with low weight and size batteries that are ideal for material handling operations at production facilities where electric vehicles are manufactured. This factor along with growing concerns regarding greenhouse gas emissions has resulted in increased focus on reducing vehicle emissions without compromising on performance requirements has led major players towards adopting environment friendly solutions thereby driving market growth across all application sectors globally over the forecast period.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of a large number of industry players and increased focus on research & development activities. Moreover, growing adoption of automation in industries is expected to drive demand for industrial lift trucks, thereby driving regional growth over the forecast period.
Asia Pacific is expected to witness significant growth over the forecast period owing to rapid urbanization and industrialization along with increasing government initiatives for sustainable energy solutions. The region comprises emerging economies such as China, India, South Korea, Taiwan among others which are witnessing strong economic growths backed by rising manufacturing activities across various sectors including automotive & transportation; consumer goods; metal processing; chemicals & petrochemicals; power generation etc., thus propelling demand for lift trucks across these countries. This will further boost regional market expansion during the projected period from 2018 - 2030 (forecast).
Growth Factors:
- Increasing demand for forklift lead-acid batteries from the automotive sector on account of growing industrialization and urbanization.
- Proliferation of electric vehicles which is expected to create a huge demand for forklift lead-acid batteries in the coming years.
- Stringent environmental regulations pertaining to emissions from lead-acid batteries that are encouraging the use of advanced technologies such as lithium ion batteries in forklifts.
- Growing investments in warehousing and logistics infrastructure across emerging economies that is resulting in an increase in demand for forklift trucks and, consequently, lead acid batteries too.
Scope Of The Report
Report Attributes
Report Details
Report Title
Forklift Lead-Acid Batteries Market Research Report
By Type
1-Column Solvent Purification Systems, 3-Column Solvent Purification Systems, 5-Column Solvent Purification Systems, 7-Column Solvent Purification Systems, Others
By Application
Academic Research, Pharma/Bio-Tech, Industry, Others
By Companies
MBRAUN, Inert Corporation, Vacuum Atmospheres Company, MIKROUNA, Vacuum Technology Inc. (VTI), Pure Process Technology (PPT), JC Meyer Solvent Systems, LC Technology Solutions, KoreaKiyon, GS GLOVEBOX Systemtechnik, Vigor, Nichwell, FLEANO, Eminex
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
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Forklift Lead-Acid Batteries Market Report Segments:
The global Forklift Lead-Acid Batteries market is segmented on the basis of:
Types
1-Column Solvent Purification Systems, 3-Column Solvent Purification Systems, 5-Column Solvent Purification Systems, 7-Column Solvent Purification Systems, Others
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
Academic Research, Pharma/Bio-Tech, Industry, 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:
- MBRAUN
- Inert Corporation
- Vacuum Atmospheres Company
- MIKROUNA
- Vacuum Technology Inc. (VTI)
- Pure Process Technology (PPT)
- JC Meyer Solvent Systems
- LC Technology Solutions
- KoreaKiyon
- GS GLOVEBOX Systemtechnik
- Vigor
- Nichwell
- FLEANO
- Eminex
Highlights of The Forklift Lead-Acid Batteries 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:
- 1-Column Solvent Purification Systems
- 3-Column Solvent Purification Systems
- 5-Column Solvent Purification Systems
- 7-Column Solvent Purification Systems
- Others
- By Application:
- Academic Research
- Pharma/Bio-Tech
- Industry
- 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 Lead-Acid Batteries 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.
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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 lead-acid batteries are a type of battery that is used in forklifts. They are made up of lead and acid, and they provide power to the forklift by converting mechanical energy into electrical energy.
Some of the key players operating in the forklift lead-acid batteries market are MBRAUN, Inert Corporation, Vacuum Atmospheres Company, MIKROUNA, Vacuum Technology Inc. (VTI), Pure Process Technology (PPT), JC Meyer Solvent Systems, LC Technology Solutions, KoreaKiyon, GS GLOVEBOX Systemtechnik, Vigor, Nichwell, FLEANO, Eminex.
The forklift lead-acid batteries market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Forklift Lead-Acid Batteries 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 Lead-Acid Batteries Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Forklift Lead-Acid Batteries 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 Lead-Acid Batteries 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 Lead-Acid Batteries Market Size & Forecast, 2020-2028
4.5.1 Forklift Lead-Acid Batteries Market Size and Y-o-Y Growth
4.5.2 Forklift Lead-Acid Batteries 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 1-Column Solvent Purification Systems
5.2.2 3-Column Solvent Purification Systems
5.2.3 5-Column Solvent Purification Systems
5.2.4 7-Column Solvent Purification Systems
5.2.5 Others
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 Academic Research
6.2.2 Pharma/Bio-Tech
6.2.3 Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Forklift Lead-Acid Batteries 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 Lead-Acid Batteries 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 1-Column Solvent Purification Systems
9.6.2 3-Column Solvent Purification Systems
9.6.3 5-Column Solvent Purification Systems
9.6.4 7-Column Solvent Purification Systems
9.6.5 Others
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 Academic Research
9.10.2 Pharma/Bio-Tech
9.10.3 Industry
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 1-Column Solvent Purification Systems
10.6.2 3-Column Solvent Purification Systems
10.6.3 5-Column Solvent Purification Systems
10.6.4 7-Column Solvent Purification Systems
10.6.5 Others
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 Academic Research
10.10.2 Pharma/Bio-Tech
10.10.3 Industry
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 1-Column Solvent Purification Systems
11.6.2 3-Column Solvent Purification Systems
11.6.3 5-Column Solvent Purification Systems
11.6.4 7-Column Solvent Purification Systems
11.6.5 Others
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 Academic Research
11.10.2 Pharma/Bio-Tech
11.10.3 Industry
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 1-Column Solvent Purification Systems
12.6.2 3-Column Solvent Purification Systems
12.6.3 5-Column Solvent Purification Systems
12.6.4 7-Column Solvent Purification Systems
12.6.5 Others
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 Academic Research
12.10.2 Pharma/Bio-Tech
12.10.3 Industry
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 1-Column Solvent Purification Systems
13.6.2 3-Column Solvent Purification Systems
13.6.3 5-Column Solvent Purification Systems
13.6.4 7-Column Solvent Purification Systems
13.6.5 Others
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 Academic Research
13.10.2 Pharma/Bio-Tech
13.10.3 Industry
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 Lead-Acid Batteries Market: Competitive Dashboard
14.2 Global Forklift Lead-Acid Batteries Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MBRAUN
14.3.2 Inert Corporation
14.3.3 Vacuum Atmospheres Company
14.3.4 MIKROUNA
14.3.5 Vacuum Technology Inc. (VTI)
14.3.6 Pure Process Technology (PPT)
14.3.7 JC Meyer Solvent Systems
14.3.8 LC Technology Solutions
14.3.9 KoreaKiyon
14.3.10 GS GLOVEBOX Systemtechnik
14.3.11 Vigor
14.3.12 Nichwell
14.3.13 FLEANO
14.3.14 Eminex
