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Motive Lead-Acid Battery Market Share and Size, Trends
and Growth Report 2019 by Radiant Insights
Motive Lead-Acid Battery Market 2015-2019
Covering: This market study report segments the global motive lead-acid battery market by application
and includes segments like industrial forklifts, railroads, mining, and others. The market study also
analyzes the Key regions for this market, including Americas, EMEA, and APAC. Leading vendors in this
market are Axion Power International, Exide Technologies, SBS, East Penn Manufacturing, HOPPECKE
Batterien, MIDAC Batteries, Navitas System, and Trojan Battery.
Market outlook of the motive lead-acid battery market
Motive lead-acid batteries provide motive power to small transport vehicles like forklifts, golf carts,
railroads, and mining vehicles. The global market for motive lead-acid batteries is positively influenced
by the rapid increase in material handling and industrial production in regions like Asia, Europe, and the
Middle East. These factors spur the prospects for growth in this market during the forecast period and
results in its stable market growth rate of more than 7% by 2019.
Read Complete Report with TOC @ https://www.radiantinsights.com/research/motive-lead-acidbattery-market-2015-2019
Technavio's market research analyst has estimated eminent factors, such as the increasing demand for
forklifts applications, to drive market growth during the forecast period. Globally, it has been observed
that lead-acid batteries power almost 70% of the total forklifts manufactured. Since lead-acid batteries
aid in bringing down the total cost of ownership, their augmented implementation in forklifts is
expected to bring about market growth in the next four years.
Application-based segmentation and analysis of: industrial forklifts, railroads, mining
In this global market research, analysts estimate the industrial forklifts segment to dominate over all the
other segments during the forecast period. This...