Covering: This market study report segments the global motive lead-acid battery market by application and includes segments like industrial forklifts, railroads, mining, and others. The market study also analyzes the key regions for this market, including Americas, EMEA, and APAC. Leading vendors in this market are Axion Power International, Exide Technologies, SBS, East Penn Manufacturing, HOPPECKE Batterien, MIDAC Batteries, Navitas System, and Trojan Battery.
Market outlook of the motive lead-acid battery market
Motive lead-acid batteries provide motive power to small transport vehicles like forklifts, golf carts, railroads, and mining vehicles. The global market for motive lead-acid batteries is positively influenced by the rapid increase in material handling and industrial production in regions like Asia, Europe, and the Middle East. These factors spur the prospects for growth in this market during the forecast period and results in its stable market growth rate of more than 7% by 2019.
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The market research analyst has estimated eminent factors, such as the increasing demand for forklifts applications, to drive market growth during the forecast period. Globally, it has been observed that lead-acid batteries power almost 70% of the total forklifts manufactured. Since lead-acid batteries aid in bringing down the total cost of ownership, their augmented implementation in forklifts is expected to bring about market growth in the next four years.
Application-based segmentation and analysis of: industrial forklifts, railroads, mining
In this global market research, analysts estimate the industrial forklifts segment to dominate over all the other segments during the forecast period. This segment’s high market dominion can be attributed to the augmented demand for batteries from industries that manufacture motive vehicles like forklifts, hand pallets, and automated guided vehicles. By 2019, this segment is envisaged to increase its hold over the market and is estimated to account for close to 85% of the total market share.
This market research offers an analysis of each of the following segments and discusses its impact on the overall market growth -
- Industrial forklifts
Geographical segmentation of the motive lead-acid battery market
Geographically, the APAC region is envisaged to account for more than 43% of the total market share by 2019. This region’s impressive market share can be attributed to the augmented demand for such batteries from emerging economies for industrial production activities.
Competitive landscape and key vendors: Axion Power International, Exide Technologies, SBS
This market is highly diverse and hosts multiple multinational and regional vendors. Technical and financial challenges facilitate inorganic growth in this market and, therefore, results in the formation of partnerships with companies operating in the automotive, industrial, and commercial sectors. The formation of partnerships helps vendors to maintain their position in the market and also helps them to avoid becoming targets for acquisitions.
Key vendors in this market are -
- Axion Power International
- Exide Technologies
- East Penn Manufacturing
- HOPPECKE Batterien
- MIDAC Batteries
- Navitas System
- Trojan Battery
Other prominent vendors analyzed in this market research report are Chloride Batteries S E Asia, Crown Batteries, GS Yuasa, Johnson Control, and Saft Batteries A.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the motive lead-acid battery market?
- What are the key market trends impacting the growth of the motive lead-acid battery market?
- What are the challenges to market growth?
- Who are the key vendors in the motive lead-acid battery market?
- What are the market opportunities and threats faced by the vendors in the motive lead-acid battery market?
- Trending factors influencing the market shares of APAC, EMEA, and the Americas?
- What are the key outcomes of the five forces analysis of the motive lead-acid battery market?
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