According to our latest market study on “Forklift Battery Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” The global forklift battery market is expected to grow from US$ 4,816.54 million in 2021 to US$ 7,759.94 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028.

Booming Industrialization in Developing Regions to Provide Growth Opportunities for Forklift Battery Market during 2021–2028

The forklift battery market is growing significantly in developing regions due to the rising industrialization and urbanization. The fast-paced industrialization in developing regions is attributed to the government support for the manufacturing industries and low operating cost in region owing to cheap labor wages, which attract businesses from larger manufacturing bases worldwide. For instance, the government of India has launched Make in India campaign to encourage companies to manufacture in India and boost its domestic manufacturing industry. Also, to implement the campaign successfully, the government is providing subsidies to investors. Similarly, the Chinese government has launched “Made in China 2025” plan to increase investment in China’s manufacturing industry and make China a top country in global high-tech manufacturing.

The List of Companies - Forklift Battery Market

·         Accumulatorenwerke Hoppecke Carl Zoellner and Sohn Gmbh

·         Crown Equipment Corporation

·         Forever Pure Corporation

·         Exide Industries Limited

·         EnerSys

·         One Charge

·         Saft Groupe SA

·         Storage Battery Systems, LLC

·         East Penn Manufacturing Company

·         Microtex Energy Private Limited

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NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

COVID-19 Impact Analysis -

The pandemic has had a negative impact on the forklift batter market. Due to closure of major manufacturing industries supply chains, hence, goods handling work at plant and warehouses got impacted adversely and subsequently it also affected the market. On the contrary, due to the operational activities of essential goods such as food & beverage, pharmaceuticals and healthcare equipment, the demand for material stacking and inter-logistics handling work have spurred which has helped in the adoption of forklift trucks. This has led the forklift battery market players to witness the constant flow of demand for their products. Despite the disruption caused by the COVID-19 pandemic, the business of mentioned sectors is likely to surge in the future as business are getting resumed after a long lockdown measure.

Automotive Adhesives Market Regional and Country-wise Analysis:

·         North America (U.S., Canada, Mexico)

·         Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

·         Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

·         Latin America (Brazil, Rest of Latin America)

·         The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

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The purposes of this analysis are:

1. To characterize, portray, and check the Automotive Adhesives market based on product type, application, and region.

2. To estimate and inspect the size of the Automotive Adhesives market (in terms of value) in six key regions, specifically, North and South America, Western Europe, Central & Eastern Europe, the Middle East, Africa, and the Asia-Pacific.

3. To estimate and inspect the Automotive Adhesives markets at country-level in every region.

4. To strategically investigate every sub-market about personal development trends and its contribution to the Automotive Adhesives market.

5. To look at possibilities in the Automotive Adhesives market for shareholder by recognizing excessive-growth segments of the market.

Our report offers:

·         Market share assessments for the regional and country-level segments.

·         Inventory network patterns planning the most recent innovative progressions.

Key suggestions for the new participants.

·         Piece of the pie examination of the top business players.

·         Market conjectures for at least 9 years of the relative multitude of referenced fragments, sub-portions, and the local business sectors.

·         Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and suggestions).

·         Organization profiling with point by point techniques, financials, and ongoing turns of events.

·         Serious arranging planning the key regular patterns.

·         Key suggestions in key business portions dependent on market assessments.

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