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Forklift Battery Global Market Report 2025
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Global Forklift Battery Market Report 2025

Report Price : $4490.00

Pages : 175

Format : PDF

Published : January 2025

Delivery Time : 2-3 Business Days

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Forklift Battery Global Market Report 2025

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) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Forklift Battery Market Overview

• Forklift Battery market size has reached to $25.67 billion in 2024

• Expected to grow to $35.42 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%

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

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

• North America was the largest region in 2024 and Asia-Pacific is the fastest growing region.

What Is Covered Under Forklift Battery Market?

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 Size and growth rate 2025 to 2029: Graph

What Is The Forklift Battery Market Size 2025 And Growth Rate?

The forklift battery market size has grown strongly in recent years. It will grow from $25.67 billion in 2024 to $27.08 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. 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,.

What Is The 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 $35.42 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. 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.

The forecast of 6.9% growth over the next five years reflects a sligth reduction of 0.1% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through higher logistics operational costs, as tariffs increase expenses for industrial lithium-ion battery packs and charging systems sourced from China and South Korea. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Electrical and Electronics Industry?

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

How Is The Forklift Battery Market Segmented?

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

Subsegments:

1) By Lithium-Ion Battery: Lithium Iron Phosphate (LiFePO4), Lithium Nickel Manganese Cobalt (NMC)

2) By Lead-Acid Battery: Flooded Lead-Acid Battery, Absorbent Glass Mat (AGM) Battery, Gel Lead-Acid Battery

3) By Nickel-Cadmium Battery: Standard Nickel-Cadmium Battery, High-Rate Discharge Nickel-Cadmium Battery

4) By Other Types: Nickel-Metal Hydride Battery, Zinc-Air Battery, Sodium-Ion Battery

What Is Driving The Forklift Battery Market? 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, according to Shopify Inc., a Canada-based E-commerce company, global ecommerce sales are projected to increase from $5.13 trillion in 2022 to $8.09 trillion by 2028.rise Therefore, the growth of the E-commerce industry is driving the growth of the forklift battery market.

What Is Driving The Forklift Battery Market? 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 July 2023, according to Australian Bureau of Statistics, an Australian-based government administration, in the March quarter of 2023, there were 240,813 dwellings under construction, an increase from 240,065 in 2022. Of these, new houses made up 103,778 in 2023, compared to 101,240 in 2022. Therefore, increasing construction activities are driving the growth of the forklift battery market.

Who Are The Major Players In The Global Forklift Battery Market?

Major companies operating 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.

What Are The Key Trends Of The Global Forklift Battery Market? 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.

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What Are Latest Mergers And Acquisitions In The Forklift Battery Market? 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 2024. 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.

What Defines the Forklift Battery Market?

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.

How is Market Value Defined and Measured?

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.

What is the Market Assessment and Strategic Outlook for the Forklift Battery Industry?

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 Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $27.08 billion
Revenue Forecast In 2034 $35.42 billion
Growth Rate CAGR of 6.9% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
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 Subsegments: 1) By Lithium-Ion Battery: Lithium Iron Phosphate (LiFePO
4), Lithium Nickel Manganese Cobalt (NMC)
2) By Lead-Acid Battery: Flooded Lead-Acid Battery, Absorbent Glass Mat (AGM) Battery, Gel Lead-Acid Battery
3) By Nickel-Cadmium Battery: Standard Nickel-Cadmium Battery, High-Rate Discharge Nickel-Cadmium Battery
4) By Other Types: Nickel-Metal Hydride Battery, Zinc-Air Battery, Sodium-Ion Battery
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 are 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
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Pricing And Purchase OptionsExplore Purchase Options

Table Of Contents

1. Executive Summary

2. Forklift Battery Market Characteristics

3. Forklift Battery Market Trends And Strategies

4. Forklift Battery Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Forklift Battery Growth Analysis And Strategic Analysis Framework

5.1. Global Forklift Battery PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Forklift Battery Market Growth Rate Analysis

5.4. Global Forklift Battery Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Forklift Battery Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Forklift Battery Total Addressable Market (TAM)

6. Forklift Battery Market Segmentation

6.1. Global Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Lithium-Ion Battery

Lead-Acid Battery

Nickel-Cadmium Battery

Other Types

6.2. Global Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24 Volt

36 Volt

48 Volt

72 Volt

Other Voltages

6.3. Global Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Warehouses

Manufacturing

Construction

Retail and Wholesale Stores

Other Applications

6.4. Global Forklift Battery Market, Sub-Segmentation Of Lithium-Ion Battery, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Lithium Iron Phosphate (LiFePO4)

Lithium Nickel Manganese Cobalt (NMC)

6.5. Global Forklift Battery Market, Sub-Segmentation Of Lead-Acid Battery, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Flooded Lead-Acid Battery

Absorbent Glass Mat (AGM) Battery

Gel Lead-Acid Battery

6.6. Global Forklift Battery Market, Sub-Segmentation Of Nickel-Cadmium Battery, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Standard Nickel-Cadmium Battery

High-Rate Discharge Nickel-Cadmium Battery

6.7. Global Forklift Battery Market, Sub-Segmentation Of Other Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Nickel-Metal Hydride Battery

Zinc-Air Battery

Sodium-Ion Battery

7. Forklift Battery Market Regional And Country Analysis

7.1. Global Forklift Battery Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Forklift Battery Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Forklift Battery Market

8.1. Asia-Pacific Forklift Battery Market Overview

Region Information, 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, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Forklift Battery Market

10.1. India Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Forklift Battery Market

12.1. Australia Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Forklift Battery Market

13.1. Indonesia Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Forklift Battery Market

16.1. UK Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Forklift Battery Market

17.1. Germany Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Forklift Battery Market

18.1. France Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Forklift Battery Market

19.1. Italy Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Forklift Battery Market

20.1. Spain Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Forklift Battery Market

22.1. Russia Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Forklift Battery Market

27.1. Brazil Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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. Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Crown Equipment Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.3. EnerSys Overview, Products and Services, Strategy and Financial Analysis

30.2.4. GS Yuasa Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Exide Technologies Overview, Products and Services, Strategy and Financial Analysis

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 And Dashboard

33. Key Mergers And Acquisitions In The Forklift Battery Market

34. Recent Developments In The Forklift Battery Market

35. Forklift Battery Market High Potential Countries, Segments and Strategies

35.1 Forklift Battery Market In 2029 - Countries Offering Most New Opportunities

35.2 Forklift Battery Market In 2029 - Segments Offering Most New Opportunities

35.3 Forklift Battery Market In 2029 - 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, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Forklift Battery Market, Sub-Segmentation Of Lithium-Ion Battery, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Forklift Battery Market, Sub-Segmentation Of Lead-Acid Battery, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Forklift Battery Market, Sub-Segmentation Of Nickel-Cadmium Battery, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Forklift Battery Market, Sub-Segmentation Of Other Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Forklift Battery Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Forklift Battery Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: Tailift Co. Ltd. Financial Performance
  • Table 79: Crown Equipment Corporation Financial Performance
  • Table 80: EnerSys Financial Performance
  • Table 81: GS Yuasa Corporation Financial Performance
  • Table 82: Exide Technologies Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Forklift Battery Market, Sub-Segmentation Of Lithium-Ion Battery, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Forklift Battery Market, Sub-Segmentation Of Lead-Acid Battery, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Forklift Battery Market, Sub-Segmentation Of Nickel-Cadmium Battery, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Forklift Battery Market, Sub-Segmentation Of Other Types, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Forklift Battery Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Forklift Battery Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Forklift Battery Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Forklift Battery Market, Segmentation By Voltage, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Forklift Battery Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: Tailift Co. Ltd. Financial Performance
  • Figure 79: Crown Equipment Corporation Financial Performance
  • Figure 80: EnerSys Financial Performance
  • Figure 81: GS Yuasa Corporation Financial Performance
  • Figure 82: Exide Technologies Financial Performance

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Frequently Asked Questions

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. For further insights on this market, request a sample here

The market major growth driver - E-Commerce Expansion Fuels Forklift Battery Market Growth As Electric Forklifts Meet Warehouse Demands. For further insights on this market, request a sample here

The forklift battery market size has grown strongly in recent years. It will grow from $25.67 billion in 2024 to $27.08 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. 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 $35.42 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. 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. For further insights on this market, request a sample here

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 Subsegments:
1) By Lithium-Ion Battery: Lithium Iron Phosphate (LiFePO4), Lithium Nickel Manganese Cobalt (NMC)
2) By Lead-Acid Battery: Flooded Lead-Acid Battery, Absorbent Glass Mat (AGM) Battery, Gel Lead-Acid Battery
3) By Nickel-Cadmium Battery: Standard Nickel-Cadmium Battery, High-Rate Discharge Nickel-Cadmium Battery
4) By Other Types: Nickel-Metal Hydride Battery, Zinc-Air Battery, Sodium-Ion Battery For further insights on this market, request a sample here

North America was the largest region in the forklift battery market in 2024. 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. For further insights on this market, request a sample here.

Major companies operating 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.. For further insights on this market, request a sample here.

Major trends in this market include Companies In Forklift Battery Market Embrace Lithium-Ion Technology For Enhanced Performance And Sustainability. For further insights on this market, request a sample here.

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Global Forklift Battery Market Report 2025

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