Global Forklift Battery Market Research Report 2024(Status and Outlook)

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 forklifts lifting capacity.

 This report provides a deep insight into the global Forklift Battery market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porters five forces analysis, value chain analysis, etc.

Market Value:

 The Global Forklift Battery Market Size was estimated at USD 2162.11 million in 2023 and is projected to reach USD 2831.83 million by 2029, exhibiting a CAGR of 4.60% during the forecast period.

CAGR of 4.60% (2022 – 2029)

By Types:

• Lead-Acid Battery

• Li-Ion Battery

Warehouses

Factories

Distribution Centers

Others

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