Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Forklift Battery, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Forklift Battery. This report contains market size and forecasts of Forklift Battery in global, including the following market information:
Global Forklift Battery Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Forklift Battery Market Sales, 2018-2023, 2024-2029, (M VAh)
Global top five Forklift Battery companies in 2022 (%)
The global Forklift Battery market was valued at US$ 2114.5 million in 2022 and is projected to reach US$ 2858.7 million by 2029, at a CAGR of 4.4% during the forecast 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.
We surveyed the Forklift Battery manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Forklift Battery Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (M VAh)
Global Forklift Battery Market Segment Percentages, by Type, 2022 (%)
Lead-Acid Battery
Li-Ion Battery
Global Forklift Battery Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (M VAh)
Global Forklift Battery Market Segment Percentages, by Application, 2022 (%)
Warehouses
Factories
Distribution Centers
Others
Global Forklift Battery Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (M VAh)
Global Forklift Battery Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Forklift Battery revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Forklift Battery revenues share in global market, 2022 (%)
Key companies Forklift Battery sales in global market, 2018-2023 (Estimated), (M VAh)
Key companies Forklift Battery sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Forklift Battery, market overview.
Chapter 2: Global Forklift Battery market size in revenue and volume.
Chapter 3: Detailed analysis of Forklift Battery manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Forklift Battery in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Forklift Battery capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
