New Energy Powertrains Generate Fresh Growth Opportunities for Forklift Battery Charger Manufacturers

"More than 60% and 80% of the US and European markets, respectively, will comprise electric-powered forklifts, while in Asia-Pacific, China and India will contribute almost 40% of the total unit volumes of electric-powered forklifts," said Saideep Sudhakar, Research Analyst,Mobility, Frost & Sullivan. "The emphasis on reducing carbon footprint and total cost of ownership will also boost the deployment of fast-charging and highly efficient chargers in the global warehouse and manufacturing industries."

"More than 60% and 80% of the US and European markets, respectively, will comprise electric-powered forklifts, while in Asia-Pacific, China and India will contribute almost 40% of the total unit volumes of electric-powered forklifts," said Saideep Sudhakar, Research Analyst,Mobility, Frost & Sullivan. "The emphasis on reducing carbon footprint and total cost of ownership will also boost the deployment of fast-charging and highly efficient chargers in the global warehouse and manufacturing industries."

Frost & Sullivan's recent analysis, Global Forklift Battery Charger Market, 2018-2023, analyzes the market opportunities, trends, and challenges in the adoption of forklift battery chargers across diesel, LPG, electric and hybrid forklifts. It also studies the key market participants and the kinds of products they are developing to meet the needs of customers in North America, Europe, and Asia-Pacific.

For further information on this analysis, please click here.

"Global focus on stricter emission regulations and higher energy efficiency will provide impetus for the electric and hybrid forklift market across different categories with increasing usage of high-frequency chargers," noted Sudhakar. "Fast charging is being widely used across North America and Europe with companies modernizing warehouse operations, deploying multi-shift operations, and eliminating battery change-out rooms."

Successful forklift battery charger manufacturers are likely to gain additional growth opportunities by:

The market is likely to be dominated by Enersys, Exide, and Ametek Prestolite due to their strong product platforms, joint ventures with key regional participants in Europe and Asia-Pacific, and superior operational efficiency across global manufacturing facilities.

Global Forklift Battery Charger Market, 2018–2023 is part of Frost & Sullivan's global Automotive & Transportation Growth Partnership Service program.

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Global Forklift Battery Charger Market, 2018–2023
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