Market Share of Forklift Battery Industry
The market studied is captured by major players, like Crown Equipment Corporation, East Penn Manufacturing Company, Enersys, Amara Raja Batteries Ltd., and Exide Industries Limited. The market is moderately fragmented, with the presence of several well-known players across the world.
Players are adopting several market penetration strategies, including aligning themselves with key forklift manufacturers and battery distributors to increase their market positioning. Although the present market is in the growth phase, which is driven by changing battery chemistry every ten years, battery manufacturers are consistently reflecting innovation in the present offerings.
Forklift Battery Market Leaders
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Crown Equipment Corporation
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East Penn Manufacturing Company
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Enersys
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Amara Raja Batteries Ltd.
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Exide Industries Limited
*Disclaimer: Major Players sorted in no particular order
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