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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 , and will contribute almost 40% of the total unit volumes of electric-powered forklifts," said . "The emphasis on reducing carbon footprint and total cost of ownership will also boost the deployment of and in the global warehouse and manufacturing industries."
Frost & Sullivan's recent analysis, , analyzes the market opportunities, trends, and challenges in the adoption of forklift battery chargers across , , electric and 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 .
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"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 , , and 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.
is part of Frost & Sullivan's global Automotive & Transportation Growth Partnership Service program.
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