South America Forklift Battery Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Lithium ion, Lead Acid, and Others) and Application (Warehouses, Construction, Manufacturing, Retail and Wholesale Stores, and Others)
The forklift battery market in South America is expected to grow from US$ 177.25 million in 2021 to US$ 255.27 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.
Technological innovation in forklift trucks such as quick battery charging may reduce the downtime of forklift trucks and can improve the overall operational efficiency at material handling and warehouses. The fast charging technology can enable the material handling centers to charge battery at its desired level so that forklift trucks can operate and all it may happen during the break and can be reused immediately. Whereas, the conventional battery charging gives the forklift operator 8 hours of run-time, it then requires 8 hours of charging time and another 8 hours to cool before it can be used again. Hence, to not experience downtime, additional batteries must be purchased for each shift. So, fast charging technology can help warehouses and material handling centers to save the spending on additional batteries. Also, the technology can reduce the downtime and increase work efficiency. Thus, the fast charging feature is expected to propel the South America forklift battery market in the upcoming years.In South America, Brazil has reported the highest number of COVID-19 cases, followed by Ecuador, Peru, Chile, and Argentina. The continuous growth in the number of patients compelled governments to put a bar on the transportation of humans and goods in 2020. The manufacturing sector witnessed severe losses due to temporary factory shutdowns and low production volumes, which hindered the growth of retail, e-commerce, manufacturing, and logistics sectors. Additionally, the social or physical distancing measures put limitations on the operations of logistics and other service providers. This disruption resulted in a decline in material handling jobs. Due to the disruption of the supply chains of major manufacturing industries, the need for goods handling at plants and warehouses also decreased. On the contrary, due to the continued operations of essential goods such as food & beverages, pharmaceuticals, and healthcare equipment, the demand for material stacking and inter-logistics handling work continued to spur, which contributed to the persistent adoption of forklift trucks, thereby contributing to the forklift battery market growth in South America. Moreover, irrespective of disruptions caused by the COVID-19 pandemic, many businesses resumed their operations in late 2020, which is further likely to boost the demand for forklift trucks and forklift batteries in this region in the coming years.
South America Forklift Battery Market Revenue and Forecast to 2028 (US$ Million)
South America Forklift Battery Market Segmentation
South America Forklift Battery Market – By Type
- Lithium ion
- Lead–Acid
- Others
South America Forklift Battery Market – By Application
- Warehouses
- Construction
- Manufacturing
- Retail and Wholesale Stores
- Others
South America Forklift Battery Market– By Country
- Brazil
- Argentina
- Rest of South America
South America Forklift Battery Market-Companies Mentioned
- Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
- Crown Equipment Corporation
- East Penn Manufacturing Company
- EnerSys
- Exide Industries Limited
- ForeverPure Corporation
- Microtex Energy Private Limited
- Saft Groupe SA
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Forklift Battery Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. SAM Forklift Battery Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Logistics and Warehouses
5.1.2 Rapid Industrialization in Several Countries
5.2 Market Restraints
5.2.1 Electric Pallet Stacker as an Alternate of Forklift Trucks
5.3 Opportunities
5.3.1 Technological Innovations and Features such as Quick Charging
5.4 Future Trends
5.4.1 Solar Based Forklift Batteries with Smart Energy Storage Systems
5.5 Impact Analysis of Drivers And Restraints
6. Forklift Battery – SAM Market Analysis
6.1 SAM Forklift Battery Market Overview
6.2 SAM Forklift battery Market Revenue Forecast and Analysis
7. SAM Forklift Battery Market – By Type
7.1 Overview
7.2 Lithium-Ion
7.2.1 Lithium Ion: SAM Forklift Battery Market - Revenue and Forecasts to 2028 (US$ Million)
7.3 Lead–Acid
7.3.1 Lead–Acid: SAM Forklift Battery Market - Revenue and Forecasts to 2028 (US$ Million)
7.4 Others
7.4.1 Others: SAM Forklift Battery Market - Revenue and Forecasts to 2028 (US$ Million)
8. SAM Forklift Battery Market – By Application
8.1 Overview
8.2 Warehouses
8.2.1 Warehouses: SAM Forklift Battery Market Revenue and Forecasts to 2028 (US$ Million)
8.3 Construction
8.3.1 Construction: SAM Forklift Battery Market Revenue and Forecasts to 2028 (US$ Million)
8.4 Manufacturing
8.4.1 Manufacturing: SAM Forklift Battery Market Revenue and Forecasts to 2028 (US$ Million)
8.5 Retail and Wholesale Stores
8.5.1 Retail and Wholesale Stores: SAM Forklift Battery Market Revenue and Forecasts to 2028 (US$ Million)
8.6 Others
8.6.1 Others: SAM Forklift Battery Market Revenue and Forecasts to 2028 (US$ Million)
9. SAM Forklift Battery Market – Country Analysis
9.1 Overview
9.1.1 SAM: Forklift Battery Market, by Key Country
9.1.1.1 Brazil: Forklift Battery Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Forklift Battery Market, by Type
9.1.1.1.2 Brazil: Forklift Battery Market, by Application
9.1.1.2 Argentina: Forklift Battery Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Forklift Battery Market, by Type
9.1.1.2.2 Argentina: Forklift Battery Market, by Application
9.1.1.3 Rest of SAM: Forklift Battery Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of SAM: Forklift Battery Market, by Type
9.1.1.3.2 Rest of SAM: Forklift Battery Market, by Application
10. SAM Forklift battery Market - COVID-19 Impact Analysis
10.1 SAM Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profiles
12.1 Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Crown Equipment Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 ForeverPure Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Exide Industries Limited
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 EnerSys
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.7 Saft Groupe SA
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.9 East Penn Manufacturing Company
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Microtex Energy Private Limited
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. SAM Forklift battery Market Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM: Forklift Battery Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Forklift Battery Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Forklift Battery Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: Forklift Battery Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina: Forklift Battery Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of SAM: Forklift Battery Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of SAM: Forklift Battery Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Forklift Battery Market Segmentation
Figure 2. SAM Forklift Battery Market Segmentation – By Country
Figure 3. SAM Forklift Battery Market Overview
Figure 4. SAM Forklift Battery Market, By Type
Figure 5. SAM Forklift Battery Market, By Application
Figure 6. SAM Forklift Battery Market, By Country
Figure 7. SAM: PEST Analysis
Figure 8. SAM Forklift Battery Market- Ecosystem Analysis
Figure 9. SAM Forklift battery Market Impact Analysis of Drivers and Restraints
Figure 10. SAM Forklift battery Market Revenue Forecast and Analysis (US$ Million)
Figure 11. SAM Forklift battery Market Breakdown by Type, 2020 & 2028 (%)
Figure 12. Lithium Ion: SAM Forklift Battery Market - Revenue and Forecasts to 2028 (US$ Million)
Figure 13. Lead–Acid: SAM Forklift Battery Market - Revenue and Forecasts to 2028 (US$ Million)
Figure 14. Others: SAM Forklift Battery Market - Revenue and Forecasts to 2028 (US$ Million)
Figure 15. SAM Forklift battery Market Breakdown by Application, 2020 & 2028 (%)
Figure 16. Warehouses: SAM Forklift Battery Market Revenue and Forecasts to 2028 (US$ Million)
Figure 17. Construction: SAM Forklift Battery Market Revenue and Forecasts to 2028 (US$ Million)
Figure 18. Manufacturing: SAM Forklift Battery Market Revenue and Forecasts to 2028 (US$ Million)
Figure 19. Retail and Wholesale Stores: SAM Forklift Battery Market Revenue and Forecasts to 2028 (US$ Million)
Figure 20. Others: SAM Forklift Battery Market Revenue and Forecasts to 2028 (US$ Million)
Figure 21. SAM: Forklift Battery Market, by key Country– Revenue (2020) (US$ Million)
Figure 22. SAM: Forklift Battery Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. Brazil: Forklift Battery Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Argentina: Forklift Battery Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of SAM: Forklift Battery Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in South America Country Markets
- Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
- Crown Equipment Corporation
- East Penn Manufacturing Company
- EnerSys
- Exide Industries Limited
- ForeverPure Corporation
- Microtex Energy Private Limited
- Saft Groupe SA
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America Forklift Battery Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America Forklift Battery Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the Forklift Battery Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution