DUBLIN, July 27, 2017 /PRNewswire/ --
The "Global Industrial Battery Market for Material Handling Equipment 2017-2021" report has been added to Research and Markets' offering.
The global industrial battery market for material handling equipment to grow at a CAGR of 8.84% during the period 2017-2021.
The report, Global Industrial Battery Market for Material Handling Equipment 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is declining Li-ion battery prices. Li-ion batteries offer higher energy densities than lead-acid or nickel-metal hydride batteries. Having a high energy density means that the battery can store more electricity in the same size cell. This is what makes the Li-ion batteries suitable for use in electric vehicles (EVs).
According to the report, one driver in the market is growth in global e-commerce. The global e-commerce market is anticipated to grow steadily and post an impressive CAGR of more than 12% by 2021. One of the crucial factors contributing to the development of the e-commerce market is the diverse portfolio in several product segments such as apparel, books, electronic gadgets, and cosmetics. E-commerce websites regularly update these categories, which not only attracts new customers but also retains customer loyalty.
Further, the report states that one challenge in the market is high initial investment and maintenance cost for material handling equipment. Material handling equipment require constant technical support and maintenance for smooth and effective operation. The maintenance cost of industrial trucks such as pallet trucks and forklifts can be particularly high in the manufacturing and construction sectors where they are exposed to hazardous conditions continuously, which accelerate the wear and tear and can lead to severe damage. This has made many end-users reluctant to use forklift trucks.
- East Penn Manufacturing
- Exide Technologies
- Trojan Battery
- Valence Technology
Other prominent vendors
- Chloride Exide
- Crown Battery
- Exide Industries
- MIDAC Batteries
- Navitas System
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by battery
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/mr5rs6/global_industrial
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SOURCE Research and Markets