Forklift Battery Global Market Report 2024

Forklift Battery Global Market Report 2024 – By Type (Lithium-Ion Battery, Lead-Acid Battery, Nickel-Cadmium Battery, Other Types), By Voltage (24 Volt, 36 Volt, 48 Volt, 72 Volt, Other Voltages), By Application (Warehouses, Manufacturing, Construction, Retail and Wholesale Stores, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033

Name: Forklift Battery Global Market Report 2024
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Forklift Battery Global Market Report 2024

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Forklift Battery Market Definition

A forklift battery is a type of deep-cycle battery that provides power to an electric forklift. It is a critical component of electric forklifts, providing the power needed to operate the vehicle and the counterweight required to maintain stability. Forklift batteries also balance the forklift and prevent it from tipping over.

The main types of forklift batteries are lithium-ion batteries, lead-acid batteries, nickel-cadmium batteries and others. A lithium-ion battery refers to modern battery technology that relies heavily on lithium ions in its electrochemistry. These are available in various types of voltage, including 24-volt, 36-volt, 48-volt, 72 volt and others and are used in several applications, such as warehouses, manufacturing, construction, retail and wholesale stores and others.

Forklift Battery Market Segmentation

The forklift battery market covered in this report is segmented –

1) By Type: Lithium-Ion Battery; Lead-Acid Battery; Nickel-Cadmium Battery; Other Types

2) By Voltage: 24 Volt; 36 Volt; 48 Volt; 72 Volt; Other Voltages

3) By Application: Warehouses; Manufacturing; Construction; Retail and Wholesale Stores; Other Applications

Global Forklift Battery Market Size 2023 to 2028: Graph

Forklift Battery Market Size 2024 And Growth Rate

The forklift battery market size has grown strongly in recent years. It will grow from $23.76 billion in 2023 to $25.67 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to industrial growth, growth of e-commerce, increased adoption of alternative energies, growing demand for lithium-ion forklift batteries,.

Forklift Battery Market Growth Forecast

The forklift battery market size is expected to see strong growth in the next few years. It will grow to $33.45 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing demand for electric forklifts, growing emphasis on green initiatives, government initiatives, increasing demand for material handling, growing demand for fuel cell forklifts. Major trends in the forecast period include advancements in battery technology, automation and robotics integration, smart battery management, transition to lithium-ion technology, wireless charging technology, advanced battery testing and diagnostics, energy-efficient material handling solutions.

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Forklift Battery Market Driver: E-Commerce Expansion Fuels Forklift Battery Market Growth As Electric Forklifts Meet Warehouse Demands

The growth of the e-commerce industry is expected to propel the growth of the forklift battery market going forward. E-commerce refers to buying and selling goods and services and sending money or data through an electronic network, often the Internet. Electric forklifts that run on batteries are a better option than conventional fuel-powered ones for e-commerce warehouses, which frequently need reliable and efficient material handling equipment. Electric forklifts are widely used in e-commerce warehouses due to their zero-emission nature and reduced carbon footprint. For instance, in September 2022, according to the International Trade Administration, a US-based department of commerce, consumer eCommerce increased to 30% of the UK's overall retail sector (up from 20% in 2020), with an annual e-commerce revenue of more than $120 billion. Further, in 2021, 82% of people in the UK will have made at least one online purchase. Furthermore, in May 2021, according to the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental organization, online retail sales as a percentage of all retail sales climbed from 16% in 2021 to 19% in 2020 due to the growth of e-commerce. Therefore, the growth of the e-commerce industry is driving the growth of the forklift battery market.

Forklift Battery Market Driver: Increasing Construction Activities Propel Growth In The Forklift Battery Market

The increasing construction activities are expected to propel the growth of the forklift battery market. Construction activities refer to the processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their lives. Forklift batteries are used in construction activities to power electric forklifts, which are commonly used to move heavy materials and equipment around construction sites. For instance, in September 2021, according to reports published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42%, or $4.5 trillion, to reach USD 15.2 trillion. Therefore, increasing construction activities are driving the growth of the forklift battery market.

Global Forklift Battery Market Major Players

Major players in the forklift battery market are Tailift Co. Ltd., Crown Equipment Corporation, EnerSys, GS Yuasa Corporation, Exide Technologies, East Penn Manufacturing Co. Inc., Anhui Heli Industrial Vehicle Battery Co. Ltd., Lonking Holdings Limited, Camel Group Co. Ltd., Exide Industries Limited, Amara Raja Batteries Limited, Zhejiang Narada Power Source Co. Ltd., Trojan Battery Company, Crown Battery Manufacturing, Hoppecke Batteries Inc., Flux Power Holdings Inc., Storage Battery Systems LLC, Navitas Systems, Electrovaya Inc., Microtex Energy Private Limited, DAEHAN Battery Co. Ltd., OneCharge Inc., GNB Industrial Power, Systems Sunlight, Douglas Battery, GMP Industrial.

Global Forklift Battery Market Restraint: Constraints Of High Lithium-Ion Battery Costs On The Forklift Battery Market

The high cost of lithium-ion batteries is anticipated to have a constraining effect on the forklift battery market. Lithium-ion batteries are increasingly being used in forklift batteries due to their advantages over traditional lead-acid batteries. For instance, in December 2022, according to energy monitor published article, volume-weighted average prices for lithium-ion battery packs across all sectors have increased to $151/kWh in 2022, a 7% rise from last year in real terms. Therefore, the high cost of lithium-ion batteries is restraining the growth of the forklift battery market.

Global Forklift Battery Market Trend: Companies In Forklift Battery Market Embrace Lithium-Ion Technology For Enhanced Performance And Sustainability

Major companies operating in the forklift battery market are increasing their focus on introducing lithium-ion batteries to gain a competitive edge in the market. Lithium-ion batteries are increasingly being used in forklifts as they are virtually maintenance-free, zero-emission, offer exceptional charging flexibility and long-lasting performance. For instance, in March 2022, Flux Power Holdings Inc., a US-based company that designs, develops and sells rechargeable advanced lithium-ion batteries for industrial uses, unveiled a new lithium-ion battery pack for 3-wheel forklifts. It is designed to address the operational performance issues that businesses currently face. The L36 lithium-ion battery pack delivers better performance, dependability and efficiency than conventional lead-acid batteries. It gives 3-wheel forklifts in high-performance, tight-aisle warehouses a reliable, cutting-edge power source.

Forklift Battery Market Merger And Acquisition: Kion Group Ag Joins Forces With Li-Cycle Holdings Corp. To Advance Lithium-Ion Battery Recycling, Aiming For Sustainable Practices And High Recycling Rates

In March 2023, KION GROUP AG, a Germany-based producer of lithium-ion batteries for forklift trucks, partnered with Li-Cycle Holdings Corp. to recycle lithium-ion batteries via a complex process. The partnership aims to close the loop on lithium recycling and achieve a recycling rate of up to 95%. Li-Cycle is designated as KION's preferred global recycling partner, which will help KION accomplish its sustainability goals. Li-Cycle Holdings Corp. is a Canada-based company specializing in recycling lithium-ion batteries.

Regional Outlook For The Global Forklift Battery Market

North America was the largest region in the forklift battery market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in forklift battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the forklift battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The forklift battery market consists of sales of flooded lead-acid batteries, nickel-iron batteries and lithium-iron-phosphate batteries. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The forklift battery market research report is one of a series of new reports from The Business Research Company that provides forklift battery market statistics, including forklift battery industry global market size, regional shares, competitors with a forklift battery market share, detailed forklift battery market segments, market trends and opportunities and any further data you may need to thrive in the forklift battery industry. This forklift battery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Forklift Battery Report Forecast and Analysis

Report Attribute	Details
Market Size Value In 2024	$25.67 billion
Revenue Forecast In 2033	$33.45 billion
Growth Rate	CAGR of 6.8% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Type: Lithium-Ion Battery; Lead-Acid Battery; Nickel-Cadmium Battery; Other Types 2) By Voltage: 24 Volt; 36 Volt; 48 Volt; 72 Volt; Other Voltages 3) By Application: Warehouses; Manufacturing; Construction; Retail and Wholesale Stores; Other Applications
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Tailift Co. Ltd.; Crown Equipment Corporation; EnerSys; GS Yuasa Corporation; Exide Technologies; East Penn Manufacturing Co. Inc.; Anhui Heli Industrial Vehicle Battery Co. Ltd.; Lonking Holdings Limited; Camel Group Co. Ltd.; Exide Industries Limited; Amara Raja Batteries Limited; Zhejiang Narada Power Source Co. Ltd.; Trojan Battery Company; Crown Battery Manufacturing; Hoppecke Batteries Inc.; Flux Power Holdings Inc.; Storage Battery Systems LLC; Navitas Systems; Electrovaya Inc.; Microtex Energy Private Limited; DAEHAN Battery Co. Ltd.; OneCharge Inc.; GNB Industrial Power; Systems Sunlight; Douglas Battery; GMP Industrial
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Forklift Battery Market Characteristics

3. Forklift Battery Market Trends And Strategies

4. Forklift Battery Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Forklift Battery Market Size and Growth

5.1. Global Forklift Battery Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Forklift Battery Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Forklift Battery Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Forklift Battery Market Segmentation

6.1. Global Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Lithium-Ion Battery

Lead-Acid Battery

Nickel-Cadmium Battery

Other Types

6.2. Global Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24 Volt

36 Volt

48 Volt

72 Volt

Other Voltages

6.3. Global Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Warehouses

Manufacturing

Construction

Retail And Wholesale Stores

Other Applications

7. Forklift Battery Market Regional And Country Analysis

7.1. Global Forklift Battery Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Forklift Battery Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Forklift Battery Market

8.1. Asia-Pacific Forklift Battery Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Forklift Battery Market

9.1. China Forklift Battery Market Overview

9.2. China Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Forklift Battery Market

10.1. India Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Forklift Battery Market

11.1. Japan Forklift Battery Market Overview

11.2. Japan Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Forklift Battery Market

12.1. Australia Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Forklift Battery Market

13.1. Indonesia Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Forklift Battery Market

14.1. South Korea Forklift Battery Market Overview

14.2. South Korea Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Forklift Battery Market

15.1. Western Europe Forklift Battery Market Overview

15.2. Western Europe Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Forklift Battery Market

16.1. UK Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Forklift Battery Market

17.1. Germany Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Forklift Battery Market

18.5. France Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.6. France Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.7. France Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Forklift Battery Market

19.9. Italy Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.10. Italy Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.11. Italy Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Forklift Battery Market

20.13. Spain Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.14. Spain Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.15. Spain Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Forklift Battery Market

21.1. Eastern Europe Forklift Battery Market Overview

21.2. Eastern Europe Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Forklift Battery Market

22.1. Russia Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Forklift Battery Market

23.1. North America Forklift Battery Market Overview

23.2. North America Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Forklift Battery Market

24.1. USA Forklift Battery Market Overview

24.2. USA Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Forklift Battery Market

25.1. Canada Forklift Battery Market Overview

25.2. Canada Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Forklift Battery Market

26.1. South America Forklift Battery Market Overview

26.2. South America Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Forklift Battery Market

27.1. Brazil Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Forklift Battery Market

28.1. Middle East Forklift Battery Market Overview

28.2. Middle East Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Forklift Battery Market

29.1. Africa Forklift Battery Market Overview

29.2. Africa Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Forklift Battery Market Competitive Landscape And Company Profiles

30.1. Forklift Battery Market Competitive Landscape

30.2. Forklift Battery Market Company Profiles

30.2.1. Tailift Co. Ltd.

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Crown Equipment Corporation

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. EnerSys

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. GS Yuasa Corporation

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Exide Technologies

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Forklift Battery Market Other Major And Innovative Companies

31.1. East Penn Manufacturing Co. Inc.

31.2. Anhui Heli Industrial Vehicle Battery Co. Ltd.

31.3. Lonking Holdings Limited

31.4. Camel Group Co. Ltd.

31.5. Exide Industries Limited

31.6. Amara Raja Batteries Limited

31.7. Zhejiang Narada Power Source Co. Ltd.

31.8. Trojan Battery Company

31.9. Crown Battery Manufacturing

31.10. Hoppecke Batteries Inc.

31.11. Flux Power Holdings Inc.

31.12. Storage Battery Systems LLC

31.13. Navitas Systems

31.14. Electrovaya Inc.

31.15. Microtex Energy Private Limited

32. Global Forklift Battery Market Competitive Benchmarking

33. Global Forklift Battery Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Forklift Battery Market

35. Forklift Battery Market Future Outlook and Potential Analysis

35.1 Forklift Battery Market In 2028 - Countries Offering Most New Opportunities

35.2 Forklift Battery Market In 2028 - Segments Offering Most New Opportunities

35.3 Forklift Battery Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Forklift Battery Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Forklift Battery Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Tailift Co. Ltd. Financial Performance

Table 75: Crown Equipment Corporation Financial Performance

Table 76: EnerSys Financial Performance

Table 77: GS Yuasa Corporation Financial Performance

Table 78: Exide Technologies Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Forklift Battery Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Forklift Battery Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Tailift Co. Ltd. Financial Performance

Figure 75: Crown Equipment Corporation Financial Performance

Figure 76: EnerSys Financial Performance

Figure 77: GS Yuasa Corporation Financial Performance

Figure 78: Exide Technologies Financial Performance

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Frequently Asked Questions

What is the definition of the forklift battery market?

How will the forklift battery market drivers and restraints affect the forklift battery market dynamics? What forces will shape the forklift battery industry going forward?

The forklift battery market major growth driver - E-Commerce Expansion Fuels Forklift Battery Market Growth As Electric Forklifts Meet Warehouse Demands. request a sample here

What is the forecast market size or the forecast market value of the forklift battery market?

The forklift battery market size has grown strongly in recent years. It will grow from $23.76 billion in 2023 to $25.67 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to industrial growth, growth of e-commerce, increased adoption of alternative energies, growing demand for lithium-ion forklift batteries, . The forklift battery market size is expected to see strong growth in the next few years. It will grow to $33.45 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing demand for electric forklifts, growing emphasis on green initiatives, government initiatives, increasing demand for material handling, growing demand for fuel cell forklifts. Major trends in the forecast period include advancements in battery technology, automation and robotics integration, smart battery management, transition to lithium-ion technology, wireless charging technology, advanced battery testing and diagnostics, energy-efficient material handling solutions. request a sample here

How is the forklift battery market segmented?

The forklift battery market is segmented
1) By Type: Lithium-Ion Battery, Lead-Acid Battery, Nickel-Cadmium Battery, Other Types
2) By Voltage: 24 Volt, 36 Volt, 48 Volt, 72 Volt, Other Voltages
3) By Application: Warehouses, Manufacturing, Construction, Retail and Wholesale Stores, Other ApplicationsFor further insights on the forklift battery market request a sample here

Which region has the largest share of the forklift battery market? What are the other regions covered in the report?

North America was the largest region in the forklift battery market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in forklift battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. request a sample here.

Who are the major players in the forklift battery market?

What are the key trends in the forklift battery market?

Major trend in the forklift battery market - Companies In Forklift Battery Market Embrace Lithium-Ion Technology For Enhanced Performance And Sustainability. request a sample here.

What are the major opportunities in the forklift battery market? What are the strategies for the forklift battery market?

For detailed insights on the major opportunities and strategies in the forklift battery market, request a sample here.

How does the forklift battery market relate to the overall economy and other similar markets?

For detailed insights on forklift battery market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the forklift battery industry?

For detailed insights on the mergers and acquisitions in the forklift battery industry, request a sample here.

What are the key dynamics influencing the forklift battery market growth? SWOT analysis of the forklift battery market.

For detailed insights on the key dynamics influencing the forklift battery market growth and SWOT analysis of the forklift battery industry, request a sample here.