The impact of the COVID-19 pandemic differed in every country across Europe as selected countries witnessed an increase in the number of cases and subsequently attracted strict as well as longer lockdown periods or social isolation. Western European countries such as Germany, France, Russia, and the UK experienced a comparatively modest decrease in their growth activities in 2020 because of their strong healthcare systems. Moreover, European governments made tremendous investments in incorporating technologies in their healthcare systems for the efficient diagnosis of the disease. The UK has a widely spread logistics and transportation sector that handles significantly huge volumes of food and beverages, pharmaceuticals, and chemicals. As a result, the demand for forklift trucks has been high to move higher volumes of pharmaceuticals and consumer goods from the production units to warehouses. As Germany, Denmark, the Netherlands, Switzerland, and Italy are the prominent exporters of medicines and drugs, the deployment of forklift batteries in pharma businesses in these countries is expected to rise in the coming years. Despite the disrupted the supply chains of forklift batteries in the initial phases of the COVID-19 pandemic, the market has recovered with time.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,326.58 Million |
| Market Size by 2028 | US$ 2,027.54 Million |
| CAGR (2021 - 2028) | 6.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Forklift Battery Market is valued at US$ 1,326.58 Million in 2021, it is projected to reach US$ 2,027.54 Million by 2028.
As per our report Europe Forklift Battery Market, the market size is valued at US$ 1,326.58 Million in 2021, projecting it to reach US$ 2,027.54 Million by 2028. This translates to a CAGR of approximately 6.2% during the forecast period.
The Europe Forklift Battery Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Forklift Battery Market report:
The Europe Forklift Battery Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Forklift Battery Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Forklift Battery Market value chain can benefit from the information contained in a comprehensive market report.
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