The global Forklift Battery market size is predicted to grow from US$ 2662 million in 2025 to US$ 4077 million in 2031; it is expected to grow at a CAGR of 7.4% from 2025 to 2031.
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.
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.
The “Forklift Battery Industry Forecast” looks at past sales and reviews total world Forklift Battery sales in 2024, providing a comprehensive analysis by region and market sector of projected Forklift Battery sales for 2025 through 2031. With Forklift Battery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Forklift Battery industry.
This Insight Report provides a comprehensive analysis of the global Forklift Battery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Forklift Battery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Forklift Battery market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Forklift Battery and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Forklift Battery.
This report presents a comprehensive overview, market shares, and growth opportunities of Forklift Battery market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Lead Acid Battery
Lithium-ion Battery
Segmentation by Application:
Warehouse
Factory
Distribution Center
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Forklift Battery market?
What factors are driving Forklift Battery market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Forklift Battery market opportunities vary by end market size?
How does Forklift Battery break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Forklift Battery Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Forklift Battery by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Forklift Battery by Country/Region, 2020, 2024 & 2031
2.2 Forklift Battery Segment by Type
2.2.1 Lead Acid Battery
2.2.2 Lithium-ion Battery
2.3 Forklift Battery Sales by Type
2.3.1 Global Forklift Battery Sales Market Share by Type (2020-2025)
2.3.2 Global Forklift Battery Revenue and Market Share by Type (2020-2025)
2.3.3 Global Forklift Battery Sale Price by Type (2020-2025)
2.4 Forklift Battery Segment by Application
2.4.1 Warehouse
2.4.2 Factory
2.4.3 Distribution Center
2.4.4 Others
2.5 Forklift Battery Sales by Application
2.5.1 Global Forklift Battery Sale Market Share by Application (2020-2025)
2.5.2 Global Forklift Battery Revenue and Market Share by Application (2020-2025)
2.5.3 Global Forklift Battery Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Forklift Battery Breakdown Data by Company
3.1.1 Global Forklift Battery Annual Sales by Company (2020-2025)
3.1.2 Global Forklift Battery Sales Market Share by Company (2020-2025)
3.2 Global Forklift Battery Annual Revenue by Company (2020-2025)
3.2.1 Global Forklift Battery Revenue by Company (2020-2025)
3.2.2 Global Forklift Battery Revenue Market Share by Company (2020-2025)
3.3 Global Forklift Battery Sale Price by Company
3.4 Key Manufacturers Forklift Battery Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Forklift Battery Product Location Distribution
3.4.2 Players Forklift Battery Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Forklift Battery by Geographic Region
4.1 World Historic Forklift Battery Market Size by Geographic Region (2020-2025)
4.1.1 Global Forklift Battery Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Forklift Battery Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Forklift Battery Market Size by Country/Region (2020-2025)
4.2.1 Global Forklift Battery Annual Sales by Country/Region (2020-2025)
4.2.2 Global Forklift Battery Annual Revenue by Country/Region (2020-2025)
4.3 Americas Forklift Battery Sales Growth
4.4 APAC Forklift Battery Sales Growth
4.5 Europe Forklift Battery Sales Growth
4.6 Middle East & Africa Forklift Battery Sales Growth
5 Americas
5.1 Americas Forklift Battery Sales by Country
5.1.1 Americas Forklift Battery Sales by Country (2020-2025)
5.1.2 Americas Forklift Battery Revenue by Country (2020-2025)
5.2 Americas Forklift Battery Sales by Type (2020-2025)
5.3 Americas Forklift Battery Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Forklift Battery Sales by Region
6.1.1 APAC Forklift Battery Sales by Region (2020-2025)
6.1.2 APAC Forklift Battery Revenue by Region (2020-2025)
6.2 APAC Forklift Battery Sales by Type (2020-2025)
6.3 APAC Forklift Battery Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Forklift Battery by Country
7.1.1 Europe Forklift Battery Sales by Country (2020-2025)
7.1.2 Europe Forklift Battery Revenue by Country (2020-2025)
7.2 Europe Forklift Battery Sales by Type (2020-2025)
7.3 Europe Forklift Battery Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Forklift Battery by Country
8.1.1 Middle East & Africa Forklift Battery Sales by Country (2020-2025)
8.1.2 Middle East & Africa Forklift Battery Revenue by Country (2020-2025)
8.2 Middle East & Africa Forklift Battery Sales by Type (2020-2025)
8.3 Middle East & Africa Forklift Battery Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Forklift Battery
10.3 Manufacturing Process Analysis of Forklift Battery
10.4 Industry Chain Structure of Forklift Battery
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Forklift Battery Distributors
11.3 Forklift Battery Customer
12 World Forecast Review for Forklift Battery by Geographic Region
12.1 Global Forklift Battery Market Size Forecast by Region
12.1.1 Global Forklift Battery Forecast by Region (2026-2031)
12.1.2 Global Forklift Battery Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Forklift Battery Forecast by Type (2026-2031)
12.7 Global Forklift Battery Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 EnerSys
13.1.1 EnerSys Company Information
13.1.2 EnerSys Forklift Battery Product Portfolios and Specifications
13.1.3 EnerSys Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 EnerSys Main Business Overview
13.1.5 EnerSys Latest Developments
13.2 Hitachi Chemical (Showa Denko)
13.2.1 Hitachi Chemical (Showa Denko) Company Information
13.2.2 Hitachi Chemical (Showa Denko) Forklift Battery Product Portfolios and Specifications
13.2.3 Hitachi Chemical (Showa Denko) Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Hitachi Chemical (Showa Denko) Main Business Overview
13.2.5 Hitachi Chemical (Showa Denko) Latest Developments
13.3 GS Yuasa
13.3.1 GS Yuasa Company Information
13.3.2 GS Yuasa Forklift Battery Product Portfolios and Specifications
13.3.3 GS Yuasa Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 GS Yuasa Main Business Overview
13.3.5 GS Yuasa Latest Developments
13.4 Hoppecke
13.4.1 Hoppecke Company Information
13.4.2 Hoppecke Forklift Battery Product Portfolios and Specifications
13.4.3 Hoppecke Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Hoppecke Main Business Overview
13.4.5 Hoppecke Latest Developments
13.5 East Penn Manufacturing
13.5.1 East Penn Manufacturing Company Information
13.5.2 East Penn Manufacturing Forklift Battery Product Portfolios and Specifications
13.5.3 East Penn Manufacturing Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 East Penn Manufacturing Main Business Overview
13.5.5 East Penn Manufacturing Latest Developments
13.6 Exide Industries
13.6.1 Exide Industries Company Information
13.6.2 Exide Industries Forklift Battery Product Portfolios and Specifications
13.6.3 Exide Industries Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Exide Industries Main Business Overview
13.6.5 Exide Industries Latest Developments
13.7 Amara Raja
13.7.1 Amara Raja Company Information
13.7.2 Amara Raja Forklift Battery Product Portfolios and Specifications
13.7.3 Amara Raja Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Amara Raja Main Business Overview
13.7.5 Amara Raja Latest Developments
13.8 MIDAC
13.8.1 MIDAC Company Information
13.8.2 MIDAC Forklift Battery Product Portfolios and Specifications
13.8.3 MIDAC Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 MIDAC Main Business Overview
13.8.5 MIDAC Latest Developments
13.9 Sunlight
13.9.1 Sunlight Company Information
13.9.2 Sunlight Forklift Battery Product Portfolios and Specifications
13.9.3 Sunlight Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Sunlight Main Business Overview
13.9.5 Sunlight Latest Developments
13.10 TAB
13.10.1 TAB Company Information
13.10.2 TAB Forklift Battery Product Portfolios and Specifications
13.10.3 TAB Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 TAB Main Business Overview
13.10.5 TAB Latest Developments
13.11 Crown Battery
13.11.1 Crown Battery Company Information
13.11.2 Crown Battery Forklift Battery Product Portfolios and Specifications
13.11.3 Crown Battery Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Crown Battery Main Business Overview
13.11.5 Crown Battery Latest Developments
13.12 BAE Batterien
13.12.1 BAE Batterien Company Information
13.12.2 BAE Batterien Forklift Battery Product Portfolios and Specifications
13.12.3 BAE Batterien Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 BAE Batterien Main Business Overview
13.12.5 BAE Batterien Latest Developments
13.13 Banner Batteries
13.13.1 Banner Batteries Company Information
13.13.2 Banner Batteries Forklift Battery Product Portfolios and Specifications
13.13.3 Banner Batteries Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Banner Batteries Main Business Overview
13.13.5 Banner Batteries Latest Developments
13.14 Saft
13.14.1 Saft Company Information
13.14.2 Saft Forklift Battery Product Portfolios and Specifications
13.14.3 Saft Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Saft Main Business Overview
13.14.5 Saft Latest Developments
13.15 Electrovaya
13.15.1 Electrovaya Company Information
13.15.2 Electrovaya Forklift Battery Product Portfolios and Specifications
13.15.3 Electrovaya Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Electrovaya Main Business Overview
13.15.5 Electrovaya Latest Developments
13.16 Flux Power
13.16.1 Flux Power Company Information
13.16.2 Flux Power Forklift Battery Product Portfolios and Specifications
13.16.3 Flux Power Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Flux Power Main Business Overview
13.16.5 Flux Power Latest Developments
13.17 FAAM (Seri Industrial)
13.17.1 FAAM (Seri Industrial) Company Information
13.17.2 FAAM (Seri Industrial) Forklift Battery Product Portfolios and Specifications
13.17.3 FAAM (Seri Industrial) Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 FAAM (Seri Industrial) Main Business Overview
13.17.5 FAAM (Seri Industrial) Latest Developments
13.18 Tianneng Battery Group
13.18.1 Tianneng Battery Group Company Information
13.18.2 Tianneng Battery Group Forklift Battery Product Portfolios and Specifications
13.18.3 Tianneng Battery Group Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.18.4 Tianneng Battery Group Main Business Overview
13.18.5 Tianneng Battery Group Latest Developments
13.19 LEOCH
13.19.1 LEOCH Company Information
13.19.2 LEOCH Forklift Battery Product Portfolios and Specifications
13.19.3 LEOCH Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.19.4 LEOCH Main Business Overview
13.19.5 LEOCH Latest Developments
13.20 Camel Group
13.20.1 Camel Group Company Information
13.20.2 Camel Group Forklift Battery Product Portfolios and Specifications
13.20.3 Camel Group Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.20.4 Camel Group Main Business Overview
13.20.5 Camel Group Latest Developments
13.21 Shandong Sacred Sun Power Sources
13.21.1 Shandong Sacred Sun Power Sources Company Information
13.21.2 Shandong Sacred Sun Power Sources Forklift Battery Product Portfolios and Specifications
13.21.3 Shandong Sacred Sun Power Sources Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.21.4 Shandong Sacred Sun Power Sources Main Business Overview
13.21.5 Shandong Sacred Sun Power Sources Latest Developments
13.22 Aokly Group
13.22.1 Aokly Group Company Information
13.22.2 Aokly Group Forklift Battery Product Portfolios and Specifications
13.22.3 Aokly Group Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.22.4 Aokly Group Main Business Overview
13.22.5 Aokly Group Latest Developments
13.23 Zibo Torch Energy
13.23.1 Zibo Torch Energy Company Information
13.23.2 Zibo Torch Energy Forklift Battery Product Portfolios and Specifications
13.23.3 Zibo Torch Energy Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.23.4 Zibo Torch Energy Main Business Overview
13.23.5 Zibo Torch Energy Latest Developments
13.24 BSLBATT
13.24.1 BSLBATT Company Information
13.24.2 BSLBATT Forklift Battery Product Portfolios and Specifications
13.24.3 BSLBATT Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.24.4 BSLBATT Main Business Overview
13.24.5 BSLBATT Latest Developments
13.25 Yantai Goldentide Unikodi Battery
13.25.1 Yantai Goldentide Unikodi Battery Company Information
13.25.2 Yantai Goldentide Unikodi Battery Forklift Battery Product Portfolios and Specifications
13.25.3 Yantai Goldentide Unikodi Battery Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.25.4 Yantai Goldentide Unikodi Battery Main Business Overview
13.25.5 Yantai Goldentide Unikodi Battery Latest Developments
13.26 Jiangsu Frey New Energy
13.26.1 Jiangsu Frey New Energy Company Information
13.26.2 Jiangsu Frey New Energy Forklift Battery Product Portfolios and Specifications
13.26.3 Jiangsu Frey New Energy Forklift Battery Sales, Revenue, Price and Gross Margin (2020-2025)
13.26.4 Jiangsu Frey New Energy Main Business Overview
13.26.5 Jiangsu Frey New Energy Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
