Rise in adoption of electric forklifts in warehousing and manufacturing sectors and technological advancements in forklift operations are driving the market.

WILMINGTON, DELAWARE , UNITED STATES, September 26, 2023 /EINPresswire.com/ -- According to Transparency Market Research latest research, the global “𝐅𝐨𝐫𝐤𝐥𝐢𝐟𝐭 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐦𝐚𝐫𝐤𝐞𝐭” looks promising in the next upcoming years. As of 2021, the global Forklift Battery market was estimated at US$ 22.3 Billion, and its anticipated to reach US$ 43.1 Billion in 2031, with a CAGR of 6.8% during the forecast year.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=44174

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐀𝐮𝐭𝐨𝐧𝐨𝐦𝐨𝐮𝐬 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐅𝐨𝐫𝐤𝐥𝐢𝐟𝐭𝐬 𝐏𝐫𝐨𝐩𝐞𝐥𝐥𝐢𝐧𝐠 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐨𝐫𝐤𝐥𝐢𝐟𝐭 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭

Autonomous electric forklifts are equipped with cameras, radar systems, and AI-integrated telematics. Forklift sensors record movement and position of people or stationary objects. The data is then interpreted in the central control unit and results in a corresponding command that directs the forklift to either stop or drive around the obstacle. Adoption of AI in forklifts can help prevent workplace accidents and injuries or property damage. Forklifts can also prioritize orders themselves and thus make decisions regarding the optimal sequence and route.

𝐁𝐮𝐝𝐠𝐞𝐭 𝐜𝐨𝐧𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬? 𝐆𝐞𝐭 𝐢𝐧 𝐭𝐨𝐮𝐜𝐡 𝐰𝐢𝐭𝐡 𝐮𝐬 𝐟𝐨𝐫 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐩𝐫𝐢𝐜𝐢𝐧𝐠 ...... 𝐆𝐞𝐭 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐩𝐫𝐢𝐜𝐢𝐧𝐠 𝐨𝐩𝐭𝐢𝐨𝐧𝐬 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭

This Report Addresses

• Market size from 2021-2031
• Expected market growth until 2031
• Forecast of how market drivers, restrains, and future opportunities will affect the market dynamics
• Segments and regions that will drive or lead market growth and why
• Comprehensive of the competitive landscape
• In-depth analysis of key sustainability strategies adopted by market players

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐄𝐱𝐭𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐁𝐨𝐨𝐤 𝐰𝐢𝐭𝐡 % 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭) - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=44174

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐨𝐫𝐤𝐥𝐢𝐟𝐭 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭

Europe accounted for prominent share of 44.7% of the global forklift battery market in 2021. The market in the region is projected to grow at a significant pace during the forecast period. Germany is a major market for forklift battery in Europe. Asia Pacific is also a key market for forklift battery. The region held 31% share of the global forklift battery market in 2021.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐨𝐫𝐤𝐥𝐢𝐟𝐭 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭

• In June 2022, Vedanta Aluminum, a leading producer of aluminum in India, commissioned the country’s largest electric fleet of 27 forklifts, powered by lithium-ion batteries
• In March 2022, Exide Industries Ltd. entered into a multi-year technical collaboration agreement with SVOLT Energy Technology Co. Ltd (SVOLT) for technology and manufacture of lithium-ion cells in India. As part of the agreement, SVOLT will grant Exide license to use and commercialize the technology in India. Additionally, SVOLT is expected to provide support required for setting up a state-of-the art greenfield manufacturing plant on a turnkey basis.

𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲? 𝐀𝐬𝐤 𝐎𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭𝐬: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=44174

𝐅𝐨𝐫𝐤𝐥𝐢𝐟𝐭 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Exide Industries Ltd, East Penn Manufacturing Industry Company, Amara Raja Batteries Ltd, ENERSYS, Flux Power Holdings Inc., GS Yuasa International Ltd., Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Narada Power Source Co. Ltd., Trojan Battery Company, LLC, OneCharge, Electrovaya, Iberdrola, and Crown Equipment Corporation

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

Type

• Lithium-ion Battery
• Lead-acid Battery
• Nickel-cadmium Battery
• Others

Voltage

• 24 Volt
• 36 Volt
• 48 Volt
• 72 Volt
• Others

End-user

• Warehouses
• Wholesale Stores
• Construction Sites
• Manufacturing Industry
• Others

𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:

• Industry and Market Understanding: This report provides a comprehensive overview of a particular industry or market, including its size, trends, key players, and outlook. By purchasing this research report, you can gain a better understanding of the industry you are operating in or considering entering.
• Competitive Intelligence: This report provides detailed information on competitors, including their strengths and weaknesses, market share, financial analysis, key developments and strategies adopted, and product offerings. This information can help businesses develop effective competitive strategies.
• Investment Decisions: This report helps investors make informed decisions by providing data on market size, growth potential, and key trends. This information can be useful for identifying investment opportunities and evaluating risk.
• Regulatory Compliance: This report includes information on regulatory policies and requirements that affect a particular industry or market. This can be valuable information for businesses seeking to comply with regulations and avoid potential legal issues.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡-

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Nikhil Sawlani
Transparency Market Research Inc.
+ +1 518-618-1030
sales@transparencymarketresearch.com
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