Main Content start here
Main Layout
Report Description

Report Description

The Saudi Arabia Forklift Battery Market is anticipated to project a rapid CAGR in the upcoming years. The forklift battery market is growing because of the rapid pace in industrialization in the country. Moreover, the government support to the manufacturing sector and low operating costs are attracting businesses to setup the large manufacturing base in many parts of the country.

Also, with the high disposable income of the consumers there is a need for the raw materials to be transported to retail stores and warehouse for smooth day to day operations. Thus, industries are generating the demand for forklift trucks.

Recent Developments

Enersys, a global leader in energy solutions, will extend its manufacturer representative agreement with Industrial Battery & Charger, Inc. (IBCI) in January 2021. IBCI is now in charge of all EnerSys motive power sales and servicing in Alabama. Electric forklift trucks and other industrial electric vehicles employ motive power batteries.

OneCharge Lithium Batteries announced the establishment of its corporate headquarters and new manufacturing facility in Garden Grove, California, in 2021. The new location is three times larger than the previouslocation. This action is being taken in response to rising market demand for various OneCharge lithium batteries.

At Dammam 3rd Industrial City, SABIC's Nusaned Investment unit has formed a joint venture with SCHMID Group to design and produce vanadium redox flow batteries. The battery plant, which will have a capacity of 3 GWh per year and is scheduled to open in 2021. This battery plant will be a significant step forward for Saudi Arabia in its efforts to localize manufacture for developing battery technologies. The Saudi Arabia Government  goal is to  install57.5 GW of renewable energy by 2030, which reflects the governments  intentions to diversify away from oil. , Additionally, it has increased the demand for new battery storage facilities..

Rising Adoption in Warehouse and Manufacturing Sector

The e-Commerce business has experienced a significant rise in recent years, particularly  following the COVID-19 pandemic, which has resulted in a significant increase in warehousing activities around the world. The growing number of warehouses being built in various areas to improve logistics has resulted in increased demand for material handling equipment such as forklifts in Saudi Arabia. Demand for batteries to power the forklift   has expanded , because the demand forklift for operation purpose in industrial and e-Commerce sector is increased,   which is why sales of forklift batteries for warehousing applications are on the rise..

In Feb 2021, Mahindra Logistics engaged in logistics and transportation services for COVID-19 vaccinations, thereby increasing the demand for forklift trucks to maintain efficient material handling operations at warehouses. Thus, contributing to the growth of the forklift battery market

Increasing Demand for Electric Forklifts

Due to technological innovations and the rising  environmental concerns to reduce the carbon emissions electric forklift trucks are being used, which has resulted in less downtime in the operations and  low cost of maintenance as compared to the fossil fuel powered forklift.. Additionally, with high demand of electric forklifts in the industrial organizations, warehouse operations, Thus the demand of forklift battery has also increased.

High Initial Cost

One of the key concerns for data center operators is the significantly higher beginning prices of lithium-ion batteries. Li-ion batteries are typically 1.3 to 2 times the price of lead-acid batteries. The daily price fluctuation of lead is one of the major reasons impeding the growth of the forklift battery industry. Furthermore, replacements such as gasoline or propane forklifts are expected to limit market demand.


Download Free Sample Report

Market Segmentation

The Saudi Arabia Forklift Battery Market is segmented by battery type, application type, regional distribution and competitive landscape. Based on battery type, the market is segmented into lead-acid battery, and lithium-ion.. based on application type, the market is segmented into construction, warehouse, retail & wholesale store, manufacturing.

Company Profiles

EnerSys Limited, Exide Industries Limited, C&D Technologies Inc. FIAMM Energy Technologies S.P.A, , ,Wisdom Industrial Power Technology Co., Ltd. Crown Battery, Foxtron Power Solutions, East Penn Manufacturing Company, SBS Storage Battery Systems, LLC, Onecharge Solutions Limited are the key players developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion, Volume in Units, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Battery Type

By Application Type

          Region

Regional Scope

Northern and Central , Western , Eastern and Southern.

Key Companies Profiled

EnerSys Limited, Exide Industries Limited, C&D Technologies Inc. FIAMM Energy Technologies S.P.A Microtex Energy Private Limited, Saft Groupe SA,  Wisdom Industrial Power Technology Co., Ltd.,Wisdom Industrial Power Technology Co., Ltd. Crown Battery, Foxtron Power Solutions, East Penn Manufacturing Company, SBS Storage Battery Systems, LLC, Onecharge Ssolutions Limited.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, Saudi Arabia Forklift Battery Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

             ·          Saudi Arabia Forklift Battery Market, By Battery Type:

    • Lead- Acid
    • Lithium – Ion
  • Saudi Arabia Forklift Battery Market, By Application Type:
    • Construction
    • Warehouse
    • Retail & Wholesale Store
    • Manufacturing
  • Saudi Arabia Forklift Battery Market, By Region:
      • Northern & Central
      • Western
      • Eastern
      • Southern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Forklift Battery Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

  • Detailed analysis and profiling of additional market players (up to five).

Saudi Arabia Forklift Battery Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Saudi Arabia Forklift Battery Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    Saudi Arabia Forklift Battery Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Volume

6.1.2.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Battery Type (Lead-Acid, Lithium-Ion)

6.2.2.     By Application Type (Construction, Warehouse, Retail & Wholesale store, Manufacturing)

6.2.3.     By Region

6.2.4.     By Company (2022)

6.3.  Saudi Arabia Forklift Battery Market Mapping & Opportunity

6.3.1.     Market Mapping & Opportunity by Battery Type

6.3.2.     Market Mapping & Opportunity by Application Type

6.3.3.     Market Mapping & Opportunity by Region

6.4.  Saudi Arabia: Regional Analysis

6.4.1.     Northern & Central Forklift Battery Market Outlook

6.4.1.1.         Market Size & Forecast

6.4.1.1.1.             By Volume

6.4.1.1.2.             By Value

6.4.1.2.         Market Share & Forecast

6.4.1.2.1.             By Battery Type (Lead-Acid, Lithium-Ion)

6.4.1.2.2.             By Application Type (Construction, Warehouse, Retail & Wholesale store, Manufacturing)

6.4.2.     Western Forklift Battery Market Outlook

6.4.2.1.         Market Size & Forecast

6.4.2.1.1.             By Volume

6.4.2.1.2.             By Value

6.4.2.2.         Market Share & Forecast

6.4.2.2.1.             By Battery Type (Lead-Acid, Lithium-Ion)

6.4.2.2.2.             By Application Type (Construction, Warehouse, Retail & Wholesale store, Manufacturing)

6.4.3.     Eastern Forklift Battery Market Outlook

6.4.3.1.         Market Size & Forecast

6.4.3.1.1.             By Volume

6.4.3.1.2.             By Value

6.4.3.2.         Market Share & Forecast

6.4.3.2.1.             By Battery Type (Lead-Acid, Lithium-Ion)

6.4.3.2.2.             By Application Type (Construction, Warehouse, Retail & Wholesale store, Manufacturing)

6.4.4.     Southern Forklift Battery Market Outlook

6.4.4.1.         Market Size & Forecast

6.4.4.1.1.             By Volume

6.4.4.1.2.             By Value

6.4.4.2.         Market Share & Forecast

6.4.4.2.1.             By Battery Type (Lead-Acid, Lithium-Ion)

6.4.4.2.2.             By Application Type (Construction, Warehouse, Retail & Wholesale store, Manufacturing)

7.    Market Dynamics

7.1.  Drivers

7.1.1.     Rising Adoption in Warehouse and Manufacturing Sector

7.1.2.     Increasing Demand forof Electric Forklifts

7.2.  Challenges

7.2.1.     High Initial Cost

8.    Market Trends and Developments

9.    SWOT Analysis

10.  PESTLE Analysis

11.  Competitive Landscape

11.1.              EnerSys Limited

11.1.1.  Company Details

11.1.2.  Products & Services

11.1.3.  Financial (As Reported)

11.1.4.  Key Market Focus & Geographical Presence

11.1.5.  Recent Development

11.1.6.  Key Management Personnel

11.2.              Exide Industries Limited

11.2.1.  Company Details

11.2.2.  Products & Services

11.2.3.  Financial (As Reported)

11.2.4.  Key Market Focus & Geographical Presence

11.2.5.  Recent Development

11.2.6.  Key Management Personnel

11.3.              C&D Technologies Inc.

11.3.1.  Company Details

11.3.2.  Products & Services

11.3.3.  Financial (As Reported)

11.3.4.  Key Market Focus & Geographical Presence

11.3.5.  Recent Development

11.3.6.  Key Management Personnel

11.4.              FIAMM Energy Technologies S.P.A

11.4.1.  Company Details

11.4.2.  Products & Services

11.4.3.  Financial (As Reported)

11.4.4.  Key Market Focus & Geographical Presence

11.4.5.  Recent Development

11.4.6.  Key Management Personnel

11.5.              Wisdom Industrial Power Technology Co., Ltd.

11.5.1.  Company Details

11.5.2.  Products & Services

11.5.3.  Financial (As Reported)

11.5.4.  Key Market Focus & Geographical Presence

11.5.5.  Recent Development

11.5.6.  Key Management Personnel

11.6.              Crown Battery

11.6.1.  Company Details

11.6.2.  Products & Services

11.6.3.  Financial (As Reported)

11.6.4.  Key Market Focus & Geographical Presence

11.6.5.  Recent Development

11.6.6.  Key Management Personnel

11.7.              Foxtron Power Solutions

11.7.1.  Company Details

11.7.2.  Products & Services

11.7.3.  Financial (As Reported)

11.7.4.  Key Market Focus & Geographical Presence

11.7.5.  Recent Development

11.7.6.  Key Management Personnel

11.8.              East Penn Manufacturing Company

11.8.1.  Company Details

11.8.2.  Products & Services

11.8.3.  Financial (As Reported)

11.8.4.  Key Market Focus & Geographical Presence

11.8.5.  Recent Development

11.8.6.  Key Management Personnel

11.9.              SBS Storage Battery Systems, LLC

11.9.1.  Company Details

11.9.2.  Products & Services

11.9.3.  Financial (As Reported)

11.9.4.  Key Market Focus & Geographical Presence

11.9.5.  Recent Development

11.9.6.  Key Management Personnel

11.10.            Onecharge solutions Limited

11.10.1.   Company Details

11.10.2.   Products & Services

11.10.3.   Financial (As Reported)

11.10.4.   Key Market Focus & Geographical Presence

11.10.5.   Recent Development

11.10.6.   Key Management Personnel

12.  Strategic Recommendations

12.1.              Key Focus Areas

12.2.              Target Regions & Countries

12.3.              Target Type

12.4.              Target Category

13.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

Rising adoption in the warehouse, manufacturing sector and e-commerce, and advancement in technology are driving the growth of the Saudi Arabia Forklift Battery market.

The applications include Construction, Warehouse, Retail & Wholesale Store Manufacturing.

The major player contributing to Saudi Arabia Forklift Battery market are EnerSys Limited, Exide Industries Limited, C&D Technologies Inc. FIAMM Energy Technologies S.P.A Microtex Energy Private Limited, Saft Groupe SA, Wisdom Industrial Power Technology Co., Ltd.,Wisdom Industrial Power Technology Co., Ltd. Crown Battery, Foxtron Power Solutions, East Penn Manufacturing Company, SBS Storage Battery Systems, LLC, Onecharge Ssolutions Limited.

High cost of lithium battery and price fluctuations of leadaffect the growth of Saudi Arabia Forklift Battery market.

Related Reports