Canada forklift battery market is expected to grow at a rate of steady CAGR for the forecast period, 2023-2027. Increased demand for the forklift truck for various industrial purposes is accelerating the demand for forklift batteries, and ongoing advancements in battery technology are the primary factors driving the growth of the Canada forklift battery market. Also, the growing retail industry and the opening of new warehouses, and high demand for warehouse owing to the high popularity of e-commerce channels among consumers is expected to create lucrative growth opportunities for the Canada forklift battery market in the forecast period.

High Demand for Forklift Drives the Market Growth

The availability of high-speed internet connection and the proliferation of smart devices is playing a major role in boosting the demand of the e-commerce industry among consumers. The increased expenditure capacity of consumers and rise in the number of online market players are making the e-commerce market players develop an efficient supply chain and distribution network. Market players are opening warehouses to fulfill the needs of the growing e-commerce and retail industry. These warehouse owners require a forklift to move and organize their goods in proper places. High demand for forklifts in end-user industries and the introduction of advanced versions of the forklift into the market by the forklift manufacturers are expected to accelerate the demand of the Canada forklift market in the forecast period.

Launch of Electric Forklift is Expected to Fuel Market Demand

Forklift manufacturers are introducing an electric forklift version to reduce greenhouse emissions released in the environment and promote zero-emission vehicles. The government of Canada is taking strict steps to shift vehicles towards cleaner fuels and has released strict mandates to achieve zero-emission targets by 2035. Leading authorities have allocated considerable funds to bolster the adoption of electric vehicles among consumers. Electric motor power electric forklifts in place of an internal combustion engine using either grid power or rechargeable forklift batteries; therefore, it is required to start the forklift truck. They do not emit any harmful pollutants into the environment.

Market players are making high-end investments for research activities. They are adopting advanced technologies such as the internet of things, connected devices, and fleet management in the existing forklift versions, which is expected to push the sales of forklifts in industries for different work purposes.

Ongoing Infrastructure Development Projects Supports the Market Growth

Canada boasts of one of the best infrastructures in the world as it is as par as the standards set up by high-tech business and international trade. The government of Canada is making efforts and investments to boost infrastructural development in the country to improve the quality of life. The Canadian government has lined up several infrastructure developments projects like GO Expansion – On Corridor, Bruce Power Refurbishment, Darlington Nuclear Refurbishment, Site C Clean Energy Project, and many more as a part of their infrastructure development plan. Forklift trucks are used to transfer bulky materials, which enhances efficiency and lowers operational costs. A large number of several infrastructure development projects, and the surging need to optimize operational costs during construction activities are expected to accelerate the Canada forklift battery market growth in the forecast period.


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Market Segmentation

The Canada forklift battery market is segmented into type, application, company, and regional distribution. Based on type, the market is divided into lithium ion, lead acid, and others. Based on application, the market is divided into warehouses, construction, manufacturing, retail & wholesale stores, and others. The market is also studied by dividing Canada into regions namely Ontario, Quebec, The West, British Columbia, Atlantic Canada, and The North.

Market Players

Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Crown Equipment Corporation, East Penn Manufacturing Company, Enersys, Exide Industries Limited, Microtex Energy Private Limited, NITCO, Storage Battery Systems, LLC, Systems Sunlight S.A., and TOTAL SA are the major market players operating in the Canada forklift battery market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

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

Segments covered

·         Type

·         Application

Region scope

Ontario, Quebec, The West, British Columbia, Atlantic Canada, The North

Key companies profiled

Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Crown Equipment Corporation, East Penn Manufacturing Company, Enersys, Exide Industries Limited, Microtex Energy Private Limited, NITCO, Storage Battery Systems, LLC, Systems Sunlight S.A., and TOTAL SA

Customization scope

10% free report customization with purchase. Addition or alteration to 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/Word format on special request)

 

Report Scope:

In this report, Canada forklift battery market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Canada Forklift Battery Market, By Type:
    • Lithium ion
    • Lead Acid
    • Others
  • Canada Forklift Battery Market, By Application:
    • Warehouses
    • Construction
    • Manufacturing
    • Retail & Wholesale Stores
    • Others
  • Canada Forklift Battery Market, By Region:
    • Ontario
    • Quebec
    • The West
    • British Columbia
    • Atlantic Canada
    • The North

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Canada 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).

Canada 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] 

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Canada Forklift Battery Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Supplier

5.3.  Customer Satisfaction Level

5.4.  Major Challenges Faced

6.    Canada Forklift Battery Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Lithium ion, Lead Acid, and Others)

6.2.2.     By Application (Warehouses, Construction, Manufacturing, Retail & Wholesale Stores, and Others)

6.2.3.     By Region

6.2.4.     By Company

6.3.  Product Market Map

7.    Canada Lithium ion based Forklift Battery Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Application

7.2.2.     By Region

8.    Canada Lead Acid based Forklift Battery Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Application

8.2.2.     By Region

9.    Market Dynamics

9.1.     Drivers

9.2.     Challenges

10.  Market Trends & Developments

11.  Policy & Regulator Landscape

12.  Canada Economic Profile

13.  Company Profiles

13.1.  Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH

13.2.  Crown Equipment Corporation

13.3.  East Penn Manufacturing Company

13.4.  Enersys

13.5.  Exide Industries Limited

13.6.  Microtex Energy Private Limited

13.7.  NITCO

13.8.  Storage Battery Systems, LLC

13.9.  Systems Sunlight S.A.

13.10.            TOTAL SA

14. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]