Global Forklift Battery Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Forklift Battery Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

The forklift battery is a battery for powering electric forklifts. It is mainly divided into lead-acid batteries and lithium-ion batteries. At present, lead-acid batteries occupy a large market share, but with the maturity of lithium-ion battery technology, the future development of lithium-ion batteries better. A forklift battery actually has two functions: The first function is to provide a power source to the forklift. The second, and lesser known function, is to provide mass as a counterweight, which aids the forklift’s lifting capacity.

According to our (Global Info Research) latest study, the global Forklift Battery market size was valued at US$ 2220 million in 2023 and is forecast to a readjusted size of USD 3009 million by 2030 with a CAGR of 4.5% during review period.

Global Forklift Battery key players include EnerSys, Hitachi Chemical, GS Yuasa, Hoppecke, Tianneng Battery Group, LEOCH, etc. Global top six manufacturers hold a share about 50%. China is the largest market, with a share about 42%, followed by Japan, both have a share about 14 percent. In terms of product, Lead-Acid Battery is the largest segment, with a share over 83%. And in terms of application, the largest application is Warehouses, followed by Factories, Distribution Centers, etc.

This report is a detailed and comprehensive analysis for global Forklift Battery market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Forklift Battery market size and forecasts, in consumption value ($ Million), sales quantity (M VAh), and average selling prices (US$/KVAh), 2019-2030

Global Forklift Battery market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M VAh), and average selling prices (US$/KVAh), 2019-2030

Global Forklift Battery market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M VAh), and average selling prices (US$/KVAh), 2019-2030

Global Forklift Battery market shares of main players, shipments in revenue ($ Million), sales quantity (M VAh), and ASP (US$/KVAh), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Forklift Battery

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Forklift Battery market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include EnerSys, Hitachi Chemical, GS Yuasa, Hoppecke, East Penn Manufacturing, Exide Technologies, MIDAC, SYSTEMS SUNLIGHT S.A., ECOBAT Battery Technologies, Triathlon Batterien GmbH, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Forklift Battery market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Lead-Acid Battery
Li-Ion Battery

Market segment by Application
Warehouses
Factories
Distribution Centers
Others

Major players covered
EnerSys
Hitachi Chemical
GS Yuasa
Hoppecke
East Penn Manufacturing
Exide Technologies
MIDAC
SYSTEMS SUNLIGHT S.A.
ECOBAT Battery Technologies
Triathlon Batterien GmbH
Crown Battery
Amara Raja
Storage Battery Systems, LLC
BAE Batterien
Banner Batteries
Saft
Electrovaya
Flux Power Holdings, Inc
FAAM (Seri Industrial)
Tianneng Battery Group
LEOCH
Zibo Torch Energy
Shandong Sacred Sun Power Sources Co.
Camel Group
Western Electrical Co
Jiangsu Frey New Energy Co
Yingde Aokly Power Co
Yantai Goldentide Unikodi Battery Co
BSLBATT

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Forklift Battery product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Forklift Battery, with price, sales quantity, revenue, and global market share of Forklift Battery from 2019 to 2024.

Chapter 3, the Forklift Battery competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Forklift Battery breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Forklift Battery market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Forklift Battery.

Chapter 14 and 15, to describe Forklift Battery sales channel, distributors, customers, research findings and conclusion.