The forklift battery is a battery for powering electric forklifts. It is mainly divided into lead-acid batteries and lithium-ion batteries. At present, lead-acid batteries occupy a large market share, but with the maturity of lithium-ion battery technology, the future development of lithium-ion batteries better. A forklift battery actually has two functions: The first function is to provide a power source to the forklift. The second, and lesser known function, is to provide mass as a counterweight, which aids the forklift’s lifting capacity.
According to our (Global Info Research) latest study, the global Forklift Battery market size was valued at USD 2114.5 million in 2022 and is forecast to a readjusted size of USD 2858.7 million by 2029 with a CAGR of 4.4% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Forklift Battery key players include EnerSys, Hitachi Chemical, GS Yuasa, Hoppecke, Tianneng Battery Group, LEOCH, etc. Global top six manufacturers hold a share about 50%. China is the largest market, with a share about 42%, followed by Japan, both have a share about 14 percent. In terms of product, Lead-Acid Battery is the largest segment, with a share over 83%. And in terms of application, the largest application is Warehouses, followed by Factories, Distribution Centers, etc.
This report is a detailed and comprehensive analysis for global Forklift Battery market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
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This report profiles key players in the global Forklift Battery market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include EnerSys, Hitachi Chemical, GS Yuasa, Hoppecke and East Penn Manufacturing, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segment by Type
Lead-Acid Battery
Li-Ion Battery
Market segment by Application
Warehouses
Factories
Distribution Centers
Others
Major players covered
EnerSys
Hitachi Chemical
GS Yuasa
Hoppecke
East Penn Manufacturing
Exide Technologies
MIDAC
SYSTEMS SUNLIGHT S.A.
ECOBAT Battery Technologies
Triathlon Batterien GmbH
Crown Battery
Amara Raja
Storage Battery Systems, LLC
BAE Batterien
Banner Batteries
Saft
Electrovaya
Flux Power Holdings, Inc
FAAM (Seri Industrial)
Tianneng Battery Group
LEOCH
Zibo Torch Energy
Shandong Sacred Sun Power Sources Co.
Camel Group
Western Electrical Co
Jiangsu Frey New Energy Co
Yingde Aokly Power Co
Yantai Goldentide Unikodi Battery Co
BSLBATT
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Forklift Battery
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Forklift Battery market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Forklift Battery market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Forklift Battery product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Forklift Battery, with price, sales, revenue and global market share of Forklift Battery from 2018 to 2023.
Chapter 3, the Forklift Battery competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Forklift Battery breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Forklift Battery market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Forklift Battery.
Chapter 14 and 15, to describe Forklift Battery sales channel, distributors, customers, research findings and conclusion.
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