Forklift Battery Market 2020 - 2024: Post-Pandemic Industry Planning Structure | Technavio

The forklift battery market is expected to grow by USD 1.80 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the forklift battery market in optimistic, probable, and pessimistic forecast scenarios.

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Technavio has announced its latest market research report titled Global Forklift Battery Market 2020-2024 (Graphic: Business Wire)

The forklift battery market will witness Negative and Inferior impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to Increase as compared to 2019.

Enterprises will go through Respond, Recover and Renew phases. Download free report sample

As the COVID-19 pandemic continues to spread, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through respond, recover and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 and crisis towards the Next Normal.

This post-pandemic business planning research will aid clients to:

• Adjust their strategic planning to move ahead once business stability kicks in.
• Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure. Click here

Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates

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Major Three Forklift Battery Market Participants:

Flux Power Holdings Inc.

Flux Power Holdings Inc. operates its business under the battery segment. The company offers Lithium-ion forklift battery.

GS Yuasa Corp.

GS Yuasa Corp. operates its business under three segments, which include automotive batteries, industrial batteries and power supplies, and automotive lithium-ion batteries. The company offers batteries and chargers for forklifts.

Narada Power Source Co. Ltd.

Narada Power Source Co. Ltd. has business operations under various segments, namely Telecom and IDC, motive power, smart energy, and recycling. The company offers Lithium-ion forklift battery.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/ forklift battery market-industry-analysis

Forklift Battery Market 2020-2024: Segmentation

Forklift Battery is segmented as below:

• Type
  • Lead-acid battery
  • Li-ion battery
• Geography
  • North America
  • Europe
  • APAC
  • MEA
  • South America

The forklift battery market is driven by growing demand for VRLA batteries. In addition, other factors such as increasing demand for electric forklift applications is expected to trigger forklift battery market toward witnessing a CAGR of about 7% during the forecast period.

Get more insights about the global trends impacting the future of forklift battery market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45079

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200923005531/en/