Latest News

  • Movu Robotics: Bringing easier automation to the world’s warehouses
  • Dimerco: Dedicated followers of fashion supply chain on complex projects
  • Garbe Industrial Real Estate leases property at the Westfalenhütte industrial site
  • Move to extensive new facility signals new era for The Finishing Line
  • What’s the future for piece-picking robots?
  • Home
  • News
  • Materials Handling
  • Health & Safety
  • Notice Board
  • Multimedia
    • Audio
    • Book Review
    • T.V.
    • Video
  • Contact Us
  • About Us
  • follow
    • Facebook
    • Twitter
    • Google+
    • Pinterest
    • RSS Feed
    • Linked
    • Youtube

Fast-charging and lithium-ion battery forklifts to enjoy high uptake, finds Frost & Sullivan

Nov 15, 2019 Warehousing Ireland Materials Handling, News Comments Off on Fast-charging and lithium-ion battery forklifts to enjoy high uptake, finds Frost & Sullivan


Global trends such as stricter emission norms, rapidly expanding eCommerce, automated warehouses, and technological advancements like electric and fuel cell forklifts are shaping the future of the forklift market. Electric forklifts are expected to account for 58.5% of the global forklift truck sales by 2023, growing at a compound annual growth rate of 5.2% between 2018 and 2023, with major contributions from North America, Europe, and Asia-Pacific.

“More than 60% and 80% of the US and European markets, respectively, will comprise electric-powered forklifts, while in Asia-Pacific, China and India will contribute almost 40% of the total unit volumes of electric-powered forklifts,” said Saideep Sudhakar, Research Analyst, Mobility, Frost & Sullivan. “The emphasis on reducing carbon footprint and total cost of ownership will also boost the deployment of fast-charging and highly efficient chargers in the global warehouse and manufacturing industries.”

Frost & Sullivan’s recent analysis, Global Forklift Battery Charger Market, 2018-2023, analyses the market opportunities, trends, and challenges in the adoption of forklift battery chargers across diesel, LPG, electric and hybrid forklifts. It also studies the key market participants and the kinds of products they are developing to meet the needs of customers in North America, Europe, and Asia-Pacific.

“Global focus on stricter emission regulations and higher energy efficiency will provide impetus for the electric and hybrid forklift market across different categories with increasing usage of high-frequency chargers,” noted Sudhakar. “Fast charging is being widely used across North America and Europe with companies modernising warehouse operations, deploying multi-shift operations, and eliminating battery change-out rooms.”

Successful forklift battery charger manufacturers are likely to gain additional growth opportunities by:
Collaborating with local vendors and OEMs to build the brand while marketing their products globally.
Partnering with research institutes and governments and investing in pilot projects to establish the technical feasibility of emerging chemistries.
Developing lithium-ion batteries to make the most of their growing demand in pharma, manufacturing, and food processing industries.
Offering fast-charging batteries to tap demand across North America and Europe, where companies are modernising warehouse operations, deploying multi-shift operations, and eliminating battery change-out rooms.
Providing fuel-cell forklifts that are quieter, deliver a faster recharge, and are more efficient.

The market is likely to be dominated by Enersys, Exide, and Ametek Prestolite due to their strong product platforms, joint ventures with key regional participants in Europe and Asia-Pacific, and superior operational efficiency across global manufacturing facilities.

Tweet

  • tweet
Driver awareness with benefits of the Hyster Fortens lift truck Pyroban asks “Are you active?” at EUROPACK 2019

Warehousing Ireland

Related articles
  • Movu Robotics: Bringing easier automation to the world’s warehouses
    Movu Robotics: Bringing easier...

    Sep 30, 2023 Comments Off on Movu Robotics: Bringing easier automation to the world’s warehouses

  • Dimerco: Dedicated followers of fashion supply chain on complex projects
    Dimerco: Dedicated followers of fashion...

    Sep 30, 2023 Comments Off on Dimerco: Dedicated followers of fashion supply chain on complex projects

  • Garbe Industrial Real Estate leases property at the Westfalenhütte industrial site
    Garbe Industrial Real Estate leases...

    Sep 30, 2023 Comments Off on Garbe Industrial Real Estate leases property at the Westfalenhütte industrial site

More in this category
  • Movu Robotics: Bringing easier automation to the world’s warehouses
    Movu Robotics: Bringing easier...

    Sep 30, 2023 Comments Off on Movu Robotics: Bringing easier automation to the world’s warehouses

  • Dimerco: Dedicated followers of fashion supply chain on complex projects
    Dimerco: Dedicated followers of fashion...

    Sep 30, 2023 Comments Off on Dimerco: Dedicated followers of fashion supply chain on complex projects

  • Garbe Industrial Real Estate leases property at the Westfalenhütte industrial site
    Garbe Industrial Real Estate leases...

    Sep 30, 2023 Comments Off on Garbe Industrial Real Estate leases property at the Westfalenhütte industrial site


Tweets by @warehousingIrl

Recent Posts

UKWA Warehouse Roadshow 2023 heads to Belfast: 27 September

UKWA Warehouse Roadshow 2023 heads to Belfast: 27 September

Sep 09, 2023 Comments Off on UKWA Warehouse Roadshow 2023 heads to Belfast: 27 September

Next stop for the UK Warehousing Association (UKWA) Warehouse Roadshow 2023 will be Northern Ireland. Following a successful regional event in Newport, Wales earlier this year, businesses...
Bis Henderson launches “Breathing Space” campaign

Bis Henderson launches “Breathing Space”...

Aug 19, 2023 Comments Off on Bis Henderson launches “Breathing Space” campaign

HPC (Home Project Centre) Group Acquires HandyHardware.ie

HPC (Home Project Centre) Group Acquires...

Aug 05, 2023 Comments Off on HPC (Home Project Centre) Group Acquires HandyHardware.ie

Yale appoints Ron Farr as new Director of Warehouse Sales – EMEA

Yale appoints Ron Farr as new Director of...

Jul 08, 2023 Comments Off on Yale appoints Ron Farr as new Director of Warehouse Sales – EMEA

Trelleborg Wheel Systems joins The Yokohama Rubber Co., Ltd. operating as “Yokohama TWS

Trelleborg Wheel Systems joins The Yokohama...

May 05, 2023 Comments Off on Trelleborg Wheel Systems joins The Yokohama Rubber Co., Ltd. operating as “Yokohama TWS

Recent Posts

Beaverswood has hazards and restricted area marking safely taped

Beaverswood has hazards and restricted area marking safely taped

Nov 05, 2022 Comments Off on Beaverswood has hazards and restricted area marking safely taped

Quick and effective highlighting of hazards and restricted areas in industrial premises and offices is provided by yellow/black self-adhesive marking tape, now available from workplace...
RHA launches tail lift safety guidance

RHA launches tail lift safety guidance

May 15, 2021 Comments Off on RHA launches tail lift safety guidance

Axial Properties Ltd fined €80,000 following serious incident in Clonee warehouse

Axial Properties Ltd fined €80,000 following...

Nov 22, 2020 Comments Off on Axial Properties Ltd fined €80,000 following serious incident in Clonee warehouse

New Modulean Lite shadow boards from Beaverswood

New Modulean Lite shadow boards from Beaverswood

Nov 14, 2020 Comments Off on New Modulean Lite shadow boards from Beaverswood

How to safely buy a used ATEX forklift

How to safely buy a used ATEX forklift

Jul 12, 2020 Comments Off on How to safely buy a used ATEX forklift

Newsletter

Recent Posts

  • Movu Robotics: Bringing easier automation to the world’s warehouses
  • Dimerco: Dedicated followers of fashion supply chain on complex projects
  • Garbe Industrial Real Estate leases property at the Westfalenhütte industrial site
  • Move to extensive new facility signals new era for The Finishing Line
  • What’s the future for piece-picking robots?
  • cargo-partner Ireland helps streamline and digitalize supply chains with control tower solutions
  • DPD & InstaFreight: Strategic partnership for Europe-wide additional transports
  • Combilift launches world’s first autonomous sideloader with the option to operate manually
  • CKF & Qimarox introduce the Highrunner HR9 – Containerised Logistics Palletiser with automatic pattern creation
  • KNAPP partners with Packsize to develop sustainable packaging solutions
  • UKWA Warehouse Roadshow 2023 heads to Belfast: 27 September
  • KASTO automated warehouses describes its digital and ecological credentials
  • Warehouse staff and robots work hand in hand to meet demand
  • Garbe Industrial Real Estate buys brownfield site in Bavaria
  • Arvato and Douglas open modern logistics Centre in Germany
Copyright 2020 Warehousing Ireland / All rights reserved