Global Forklift Battery Market Growth 2023-2029

Global Forklift Battery Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Forklift Battery Industry Forecast” looks at past sales and reviews total world Forklift Battery sales in 2022, providing a comprehensive analysis by region and market sector of projected Forklift Battery sales for 2023 through 2029. With Forklift Battery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Forklift Battery industry.
This Insight Report provides a comprehensive analysis of the global Forklift Battery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Forklift Battery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Forklift Battery market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Forklift Battery and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Forklift Battery.
The global Forklift Battery market size is projected to grow from US$ 2010.3 million in 2022 to US$ 2786 million in 2029; it is expected to grow at a CAGR of 2786 from 2023 to 2029.
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 presents a comprehensive overview, market shares, and growth opportunities of Forklift Battery market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Lead-Acid Battery
Li-Ion Battery
Segmentation by application
Warehouses
Factories
Distribution Centers
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Forklift Battery market?
What factors are driving Forklift Battery market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Forklift Battery market opportunities vary by end market size?
How does Forklift Battery break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.