Global Forklift Battery market size in terms of revenue is projected to reach 4,106.63 million USD by 2030 from 2,399.43 million USD in 2023, with a CAGR 7.10% during 2024-2030. Global Forklift Battery market size in terms of sales is projected to reach 27,747.5 million VAh by 2030 from 16,348.0 million VAh in 2023, with a CAGR 7.95% during 2024-2030.
North America market for Forklift Battery is estimated to increase from 674.46 million USD in 2023 to reach 973.66 million USD by 2030, at a CAGR of 6.30% during the forecast period of 2024 through 2030.
Europe market for Forklift Battery is estimated to increase from 588.12 million USD in 2023 to reach 988.12 million USD by 2030, at a CAGR of 6.40% during the forecast period of 2024 through 2030.
Asia-Pacific market for Forklift Battery is estimated to increase from 899.61 million USD in 2023 to reach 1,750.66 million USD by 2030, at a CAGR of 8.12% during the forecast period of 2024 through 2030.
Latin America market for Forklift Battery is estimated to increase from 120.13 million USD in 2023 to reach 199.94 million USD by 2030, at a CAGR of 7.38% during the forecast period of 2024 through 2030.
Middle East and Africa market for Forklift Battery is estimated to increase from 117.11 million USD in 2023 to reach 194.25 million USD by 2030, at a CAGR of 5.79% during the forecast period of 2024 through 2030.
The major global manufacturers of Forklift Battery include EnerSys, Hitachi Chemical (Showa Denko), GS Yuasa, Hoppecke, East Penn Manufacturing, Exide Industries, Amara Raja, MIDAC, Sunlight, TAB, etc. In 2023, the world's top five vendors accounted for approximately 50.61% of the revenue.
Report Scope
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.
The Forklift Battery market size, estimations, and forecasts are provided in terms of sales volume (million VAh) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Forklift Battery market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Forklift Battery market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
Market Segmentation
This report covers the Forklift Battery segments by manufacturers, by Type, by Application, by region and country, and provides market size (value, volume and average price) and CAGR for the history and forecast period (2019-2023, 2024-2030), considering 2023 as the base year. It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
By Company
- EnerSys
- Hitachi Chemical (Showa Denko)
- GS Yuasa
- Hoppecke
- East Penn Manufacturing
- Exide Industries
- Amara Raja
- MIDAC
- Sunlight
- TAB
- Crown Battery
- BAE Batterien
- Banner Batteries
- Saft
- Electrovaya
- Flux Power
- FAAM (Seri Industrial)
- Tianneng Battery Group
- LEOCH
- Camel Group
- Shandong Sacred Sun Power Sources
- Aokly Group
- Zibo Torch Energy
- BSLBATT
- Yantai Goldentide Unikodi Battery
- Jiangsu Frey New Energy
Segment by Type
- Lead Acid Battery
- Lithium-ion Battery
Segment by Application
- Warehouse
- Factory
- Distribution Center
- Others
By Region
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Latin America
- Mexico
- Brazil
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
Chapter Outline
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter Two: Detailed analysis of Forklift Battery manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Forklift Battery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Table of Contents
1 Forklift Battery Market Overview
- 1.1 Forklift Battery Product Overview
- 1.2 Forklift Battery Market by Type
- 1.2.1 Lead Acid Battery
- 1.2.2 Lithium-ion Battery
- 1.3 Global Forklift Battery Market Size by Type
- 1.3.1 Global Forklift Battery Market Size Overview by Type (2019-2030)
- 1.3.2 Global Forklift Battery Historic Market Size Review by Type (2019-2024)
- 1.3.3 Global Forklift Battery Forecasted Market Size by Type (2025-2030)
- 1.4 Key Regions Market Size by Type
- 1.4.1 North America Forklift Battery Sales Breakdown by Type (2019-2024)
- 1.4.2 Europe Forklift Battery Sales Breakdown by Type (2019-2024)
- 1.4.3 Asia-Pacific Forklift Battery Sales Breakdown by Type (2019-2024)
- 1.4.4 Latin America Forklift Battery Sales Breakdown by Type (2019-2024)
- 1.4.5 Middle East and Africa Forklift Battery Sales Breakdown by Type (2019-2024)
2 Forklift Battery Market Competition by Company
- 2.1 Global Top Players by Forklift Battery Sales (2019-2024)
- 2.2 Global Top Players by Forklift Battery Revenue (2019-2024)
- 2.3 Global Top Players by Forklift Battery Price (2019-2024)
- 2.4 Global Top Manufacturers Forklift Battery Manufacturing Base Distribution and Headquarters
- 2.5 Forklift Battery Market Competitive Situation and Trends
- 2.5.1 Forklift Battery Market Concentration Rate (2019-2024)
- 2.5.2 Global 5 and 10 Largest Manufacturers by Forklift Battery Sales and Revenue in 2023
- 2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Forklift Battery as of 2023)
- 2.7 Date of Key Manufacturers Enter into Forklift Battery Market
- 2.8 Key Manufacturers Forklift Battery Product Offered
- 2.9 Mergers & Acquisitions, Expansion
3 Forklift Battery Status and Outlook by Region
- 3.1 Global Forklift Battery Market Size and CAGR by Region: 2019 VS 2023 VS 2030
- 3.2 Global Forklift Battery Historic Market Size by Region
- 3.2.1 Global Forklift Battery Sales in Volume by Region (2019-2024)
- 3.2.2 Global Forklift Battery Sales in Value by Region (2019-2024)
- 3.2.3 Global Forklift Battery Sales (Volume & Value), Price and Gross Margin (2019-2024)
- 3.3 Global Forklift Battery Forecasted Market Size by Region
- 3.3.1 Global Forklift Battery Sales in Volume by Region (2025-2030)
- 3.3.2 Global Forklift Battery Sales in Value by Region (2025-2030)
- 3.3.3 Global Forklift Battery Sales (Volume & Value), Price and Gross Margin (2025-2030)
4 Forklift Battery by Application
- 4.1 Forklift Battery Market by Application
- 4.1.1 Warehouses
- 4.1.2 Factories
- 4.1.3 Distribution Centers
- 4.1.4 Others
- 4.2 Global Forklift Battery Market Size by Application
- 4.2.1 Global Forklift Battery Market Size Overview by Application (2019-2030)
- 4.2.2 Global Forklift Battery Historic Market Size Review by Application (2019-2024)
- 4.2.3 Global Forklift Battery Forecasted Market Size by Application (2025-2030)
- 4.3 Key Regions Market Size by Application
- 4.3.1 North America Forklift Battery Sales Breakdown by Application (2019-2024)
- 4.3.2 Europe Forklift Battery Sales Breakdown by Application (2019-2024)
- 4.3.3 Asia-Pacific Forklift Battery Sales Breakdown by Application (2019-2024)
- 4.3.4 Latin America Forklift Battery Sales Breakdown by Application (2019-2024)
- 4.3.5 Middle East and Africa Forklift Battery Sales Breakdown by Application (2019-2024)
5 North America Forklift Battery by Country
- 5.1 North America Forklift Battery Historic Market Size by Country
- 5.1.1 North America Forklift Battery Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
- 5.1.2 North America Forklift Battery Sales in Volume by Country (2019-2024)
- 5.1.3 North America Forklift Battery Sales in Value by Country (2019-2024)
- 5.2 North America Forklift Battery Forecasted Market Size by Country
- 5.2.1 North America Forklift Battery Sales in Volume by Country (2025-2030)
- 5.2.2 North America Forklift Battery Sales in Value by Country (2025-2030)
6 Europe Forklift Battery by Country
- 6.1 Europe Forklift Battery Historic Market Size by Country
- 6.1.1 Europe Forklift Battery Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
- 6.1.2 Europe Forklift Battery Sales in Volume by Country (2019-2024)
- 6.1.3 Europe Forklift Battery Sales in Value by Country (2019-2024)
- 6.2 Europe Forklift Battery Forecasted Market Size by Country
- 6.2.1 Europe Forklift Battery Sales in Volume by Country (2025-2030)
- 6.2.2 Europe Forklift Battery Sales in Value by Country (2025-2030)
7 Asia-Pacific Forklift Battery by Region
- 7.1 Asia-Pacific Forklift Battery Historic Market Size by Region
- 7.1.1 Asia-Pacific Forklift Battery Market Size Growth Rate (CAGR) by Region: 2019 VS 2023 VS 2030
- 7.1.2 Asia-Pacific Forklift Battery Sales in Volume by Region (2019-2024)
- 7.1.3 Asia-Pacific Forklift Battery Sales in Value by Region (2019-2024)
- 7.2 Asia-Pacific Forklift Battery Forecasted Market Size by Region
- 7.2.1 Asia-Pacific Forklift Battery Sales in Volume by Region (2025-2030)
- 7.2.2 Asia-Pacific Forklift Battery Sales in Value by Region (2025-2030)
8 Latin America Forklift Battery by Country
- 8.1 Latin America Forklift Battery Historic Market Size by Country
- 8.1.1 Latin America Forklift Battery Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
- 8.1.2 Latin America Forklift Battery Sales in Volume by Country (2019-2024)
- 8.1.3 Latin America Forklift Battery Sales in Value by Country (2019-2024)
- 8.2 Latin America Forklift Battery Forecasted Market Size by Country
- 8.2.1 Latin America Forklift Battery Sales in Volume by Country (2025-2030)
- 8.2.2 Latin America Forklift Battery Sales in Value by Country (2025-2030)
9 Middle East and Africa Forklift Battery by Country
- 9.1 Middle East and Africa Forklift Battery Historic Market Size by Country
- 9.1.1 Middle East and Africa Forklift Battery Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
- 9.1.2 Middle East and Africa Forklift Battery Sales in Volume by Country (2019-2024)
- 9.1.3 Middle East and Africa Forklift Battery Sales in Value by Country (2019-2024)
- 9.2 Middle East and Africa Forklift Battery Forecasted Market Size by Country
- 9.2.1 Middle East and Africa Forklift Battery Sales in Volume by Country (2025-2030)
- 9.2.2 Middle East and Africa Forklift Battery Sales in Value by Country (2025-2030)
10 Company Profiles
- 10.1 EnerSys
- 10.1.1 EnerSys Company Information
- 10.1.2 EnerSys Introduction and Business Overview
- 10.1.3 EnerSys Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.1.4 EnerSys Forklift Battery Products Offered
- 10.1.5 EnerSys Recent Development
- 10.2 Hitachi Chemical
- 10.2.1 Hitachi Chemical Company Information
- 10.2.2 Hitachi Chemical Introduction and Business Overview
- 10.2.3 Hitachi Chemical Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.2.4 Hitachi Chemical Forklift Battery Products Offered
- 10.2.5 Hitachi Chemical Recent Development
- 10.3 GS Yuasa
- 10.3.1 GS Yuasa Company Information
- 10.3.2 GS Yuasa Introduction and Business Overview
- 10.3.3 GS Yuasa Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.3.4 GS Yuasa Forklift Battery Products Offered
- 10.3.5 GS Yuasa Recent Development
- 10.4 Hoppecke
- 10.4.1 Hoppecke Company Information
- 10.4.2 Hoppecke Introduction and Business Overview
- 10.4.3 Hoppecke Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.4.4 Hoppecke Forklift Battery Products Offered
- 10.4.5 Hoppecke Recent Development
- 10.5 East Penn Manufacturing
- 10.5.1 East Penn Manufacturing Company Information
- 10.5.2 East Penn Manufacturing Introduction and Business Overview
- 10.5.3 East Penn Manufacturing Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.5.4 East Penn Manufacturing Forklift Battery Products Offered
- 10.5.5 East Penn Manufacturing Recent Development
- 10.6 Exide Industries
- 10.6.1 Exide Industries Company Information
- 10.6.2 Exide Industries Introduction and Business Overview
- 10.6.3 Exide Industries Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.6.4 Exide Industries Forklift Battery Products Offered
- 10.6.5 Exide Industries Recent Development
- 10.7 Amara Raja
- 10.7.1 Amara Raja Company Information
- 10.7.2 Amara Raja Introduction and Business Overview
- 10.7.3 Amara Raja Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.7.4 Amara Raja Forklift Battery Products Offered
- 10.7.5 Amara Raja Recent Development
- 10.8 MIDAC
- 10.8.1 MIDAC Company Information
- 10.8.2 MIDAC Introduction and Business Overview
- 10.8.3 MIDAC Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.8.4 MIDAC Forklift Battery Products Offered
- 10.8.5 MIDAC Recent Development
- 10.9 Sunlight
- 10.9.1 Sunlight Company Information
- 10.9.2 Sunlight Introduction and Business Overview
- 10.9.3 Sunlight Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.9.4 Sunlight Forklift Battery Products Offered
- 10.9.5 Sunlight Recent Development
- 10.10 TAB
- 10.10.1 TAB Company Information
- 10.10.2 TAB Introduction and Business Overview
- 10.10.3 TAB Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.10.4 TAB Forklift Battery Products Offered
- 10.11 Crown Battery
- 10.11.1 Crown Battery Company Information
- 10.11.2 Crown Battery Introduction and Business Overview
- 10.11.3 Crown Battery Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.11.4 Crown Battery Forklift Battery Products Offered
- 10.11.5 Crown Battery Recent Development
- 10.12 BAE Batterien
- 10.12.1 BAE Batterien Company Information
- 10.12.2 BAE Batterien Introduction and Business Overview
- 10.12.3 BAE Batterien Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.12.4 BAE Batterien Forklift Battery Products Offered
- 10.13 Banner Batteries
- 10.13.1 Banner Batteries Company Information
- 10.13.2 Banner Batteries Introduction and Business Overview
- 10.13.3 Banner Batteries Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.13.4 Banner Batteries Forklift Battery Products Offered
- 10.13.5 Banner Batteries Recent Development
- 10.14 Saft
- 10.14.1 Saft Company Information
- 10.14.2 Saft Introduction and Business Overview
- 10.14.3 Saft Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.14.4 Saft Forklift Battery Products Offered
- 10.14.5 Saft Recent Development
- 10.15 Electrovaya
- 10.15.1 Electrovaya Company Information
- 10.15.2 Electrovaya Introduction and Business Overview
- 10.15.3 Electrovaya Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.15.4 Electrovaya Forklift Battery Products Offered
- 10.15.5 Electrovaya Recent Development
- 10.16 Flux Power
- 10.16.1 Flux Power Company Information
- 10.16.2 Flux Power Introduction and Business Overview
- 10.16.3 Flux Power Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.16.4 Flux Power Forklift Battery Products Offered
- 10.16.5 Flux Power Recent Development
- 10.17 FAAM (Seri Industrial)
- 10.17.1 FAAM (Seri Industrial) Company Information
- 10.17.2 FAAM (Seri Industrial) Introduction and Business Overview
- 10.17.3 FAAM (Seri Industrial) Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.17.4 FAAM (Seri Industrial) Forklift Battery Products Offered
- 10.18 Tianneng Battery Group
- 10.18.1 Tianneng Battery Group Company Information
- 10.18.2 Tianneng Battery Group Introduction and Business Overview
- 10.18.3 Tianneng Battery Group Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.18.4 Tianneng Battery Group Forklift Battery Products Offered
- 10.18.5 Tianneng Battery Group Recent Development
- 10.19 LEOCH
- 10.19.1 LEOCH Company Information
- 10.19.2 LEOCH Introduction and Business Overview
- 10.19.3 LEOCH Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.19.4 LEOCH Forklift Battery Products Offered
- 10.19.5 LEOCH Recent Development
- 10.20 Camel Group
- 10.20.1 Camel Group Company Information
- 10.20.2 Camel Group Introduction and Business Overview
- 10.20.3 Camel Group Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.20.4 Camel Group Forklift Battery Products Offered
- 10.21 Shandong Sacred Sun Power Sources
- 10.21.1 Shandong Sacred Sun Power Sources Company Information
- 10.21.2 Shandong Sacred Sun Power Sources Introduction and Business Overview
- 10.21.3 Shandong Sacred Sun Power Sources Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.21.4 Shandong Sacred Sun Power Sources Forklift Battery Products Offered
- 10.21.5 Shandong Sacred Sun Power Sources Recent Development
- 10.22 Aokly Group
- 10.22.1 Aokly Group Company Information
- 10.22.2 Aokly Group Introduction and Business Overview
- 10.22.3 Aokly Group Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.22.4 Aokly Group Forklift Battery Products Offered
- 10.22.5 Aokly Group Recent Development
- 10.23 Zibo Torch Energy
- 10.23.1 Zibo Torch Energy Company Information
- 10.23.2 Zibo Torch Energy Introduction and Business Overview
- 10.23.3 Zibo Torch Energy Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.23.4 Zibo Torch Energy Forklift Battery Products Offered
- 10.23.5 Zibo Torch Energy Recent Development
- 10.24 BSLBATT
- 10.24.1 BSLBATT Company Information
- 10.24.2 BSLBATT Introduction and Business Overview
- 10.24.3 BSLBATT Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.24.4 BSLBATT Forklift Battery Products Offered
- 10.24.5 BSLBATT Recent Development
- 10.25 Yantai Goldentide Unikodi Battery
- 10.25.1 Yantai Goldentide Unikodi Battery Company Information
- 10.25.2 Yantai Goldentide Unikodi Battery Introduction and Business Overview
- 10.25.3 Yantai Goldentide Unikodi Battery Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.25.4 Yantai Goldentide Unikodi Battery Forklift Battery Products Offered
- 10.26 Jiangsu Frey New Energy
- 10.26.1 Jiangsu Frey New Energy Company Information
- 10.26.2 Jiangsu Frey New Energy Introduction and Business Overview
- 10.26.3 Jiangsu Frey New Energy Forklift Battery Sales, Revenue and Gross Margin (2019-2024)
- 10.26.4 Jiangsu Frey New Energy Forklift Battery Products Offered
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
- 11.1 Forklift Battery Key Raw Materials
- 11.1.1 Key Raw Materials
- 11.1.2 Key Raw Materials Price
- 11.1.3 Raw Materials Key Suppliers
- 11.2 Manufacturing Cost Structure
- 11.2.1 Raw Materials
- 11.2.2 Labor Cost
- 11.2.3 Manufacturing Expenses
- 11.3 Forklift Battery Industrial Chain Analysis
- 11.4 Forklift Battery Market Dynamics
- 11.4.1 Forklift Battery Industry Trends
- 11.4.2 Forklift Battery Market Drivers
- 11.4.3 Forklift Battery Market Challenges
- 11.4.4 Forklift Battery Market Restraints
12 Marketing Strategy Analysis, Distributors
- 12.1 Sales Channel
- 12.2 Forklift Battery Distributors
- 12.3 Forklift Battery Downstream Customers
13 Research Findings and Conclusion
14 Appendix
- 14.1 Research Methodology
- 14.1.1 Methodology/Research Approach
- 14.1.2 Data Source
- 14.2 Author Details
- 14.3 Disclaimer