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Batteries for Forklift-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global Batteries for Forklift market size is expected to reach US$ 2646 million by 2029, growing at a CAGR of 3.6% from 2023 to 2029. The market is mainly driven by the significant applications of Batteries for Forklift in various end use industries. The expanding demands from the Mechanical, Automotive, Food and Beverage and Logistics, are propelling Batteries for Forklift market. Lead-Acid Batteries, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Nickel-Based Batteries segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Batteries for Forklift, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Batteries for Forklift market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Batteries for Forklift market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Batteries for Forklift sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Batteries for Forklift covered in this report include Johnson Controls Inc., Exide Technologies Inc., Enersys Inc., Geebattery, GS Yuasa Corporation, Northstar Battery Company LLC, C&D Technologies, Inc., Robert Bosch GmbH and East Penn Manufacturing Company, etc.
The global Batteries for Forklift market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Johnson Controls Inc.
Exide Technologies Inc.
Enersys Inc.
Geebattery
GS Yuasa Corporation
Northstar Battery Company LLC
C&D Technologies, Inc.
Robert Bosch GmbH
East Penn Manufacturing Company
SBS Battery
ThomasNet
IBCS
Green Cubes Technology
Global Batteries for Forklift market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Batteries for Forklift market, Segment by Type:
Lead-Acid Batteries
Nickel-Based Batteries
Lithium-Based Batteries
Global Batteries for Forklift market, by Application
Mechanical
Automotive
Food and Beverage
Logistics
Chemical
Others
Core Chapters
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, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Batteries for Forklift manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Batteries for Forklift 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, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South 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.
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.
The global Batteries for Forklift market size is expected to reach US$ 2646 million by 2029, growing at a CAGR of 3.6% from 2023 to 2029. The market is mainly driven by the significant applications of Batteries for Forklift in various end use industries. The expanding demands from the Mechanical, Automotive, Food and Beverage and Logistics, are propelling Batteries for Forklift market. Lead-Acid Batteries, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Nickel-Based Batteries segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Batteries for Forklift, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Batteries for Forklift market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Batteries for Forklift market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Batteries for Forklift sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Batteries for Forklift covered in this report include Johnson Controls Inc., Exide Technologies Inc., Enersys Inc., Geebattery, GS Yuasa Corporation, Northstar Battery Company LLC, C&D Technologies, Inc., Robert Bosch GmbH and East Penn Manufacturing Company, etc.
The global Batteries for Forklift market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Johnson Controls Inc.
Exide Technologies Inc.
Enersys Inc.
Geebattery
GS Yuasa Corporation
Northstar Battery Company LLC
C&D Technologies, Inc.
Robert Bosch GmbH
East Penn Manufacturing Company
SBS Battery
ThomasNet
IBCS
Green Cubes Technology
Global Batteries for Forklift market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Batteries for Forklift market, Segment by Type:
Lead-Acid Batteries
Nickel-Based Batteries
Lithium-Based Batteries
Global Batteries for Forklift market, by Application
Mechanical
Automotive
Food and Beverage
Logistics
Chemical
Others
Core Chapters
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, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Batteries for Forklift manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Batteries for Forklift 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, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South 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.
Index1 Batteries for Forklift Market Overview
1.1 Batteries for Forklift Product Overview
1.2 Batteries for Forklift Market Segment by Type
1.2.1 Lead-Acid Batteries
1.2.2 Nickel-Based Batteries
1.2.3 Lithium-Based Batteries
1.3 Global Batteries for Forklift Market Size by Type
1.3.1 Global Batteries for Forklift Market Size Overview by Type (2018-2029)
1.3.2 Global Batteries for Forklift Historic Market Size Review by Type (2018-2023)
1.3.3 Global Batteries for Forklift Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Batteries for Forklift Sales Breakdown by Type (2018-2023)
1.4.2 Europe Batteries for Forklift Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Batteries for Forklift Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Batteries for Forklift Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Batteries for Forklift Sales Breakdown by Type (2018-2023)
2 Global Batteries for Forklift Market Competition by Company
2.1 Global Top Players by Batteries for Forklift Sales (2018-2023)
2.2 Global Top Players by Batteries for Forklift Revenue (2018-2023)
2.3 Global Top Players by Batteries for Forklift Price (2018-2023)
2.4 Global Top Manufacturers Batteries for Forklift Manufacturing Base Distribution, Sales Area, Product Type
2.5 Batteries for Forklift Market Competitive Situation and Trends
2.5.1 Batteries for Forklift Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Batteries for Forklift Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Batteries for Forklift as of 2022)
2.7 Date of Key Manufacturers Enter into Batteries for Forklift Market
2.8 Key Manufacturers Batteries for Forklift Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Batteries for Forklift Status and Outlook by Region
3.1 Global Batteries for Forklift Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Batteries for Forklift Historic Market Size by Region
3.2.1 Global Batteries for Forklift Sales in Volume by Region (2018-2023)
3.2.2 Global Batteries for Forklift Sales in Value by Region (2018-2023)
3.2.3 Global Batteries for Forklift Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Batteries for Forklift Forecasted Market Size by Region
3.3.1 Global Batteries for Forklift Sales in Volume by Region (2024-2029)
3.3.2 Global Batteries for Forklift Sales in Value by Region (2024-2029)
3.3.3 Global Batteries for Forklift Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Batteries for Forklift by Application
4.1 Batteries for Forklift Market Segment by Application
4.1.1 Mechanical
4.1.2 Automotive
4.1.3 Food and Beverage
4.1.4 Logistics
4.1.5 Chemical
4.1.6 Others
4.2 Global Batteries for Forklift Market Size by Application
4.2.1 Global Batteries for Forklift Market Size Overview by Application (2018-2029)
4.2.2 Global Batteries for Forklift Historic Market Size Review by Application (2018-2023)
4.2.3 Global Batteries for Forklift Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Batteries for Forklift Sales Breakdown by Application (2018-2023)
4.3.2 Europe Batteries for Forklift Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Batteries for Forklift Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Batteries for Forklift Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Batteries for Forklift Sales Breakdown by Application (2018-2023)
5 North America Batteries for Forklift by Country
5.1 North America Batteries for Forklift Historic Market Size by Country
5.1.1 North America Batteries for Forklift Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Batteries for Forklift Sales in Volume by Country (2018-2023)
5.1.3 North America Batteries for Forklift Sales in Value by Country (2018-2023)
5.2 North America Batteries for Forklift Forecasted Market Size by Country
5.2.1 North America Batteries for Forklift Sales in Volume by Country (2024-2029)
5.2.2 North America Batteries for Forklift Sales in Value by Country (2024-2029)
6 Europe Batteries for Forklift by Country
6.1 Europe Batteries for Forklift Historic Market Size by Country
6.1.1 Europe Batteries for Forklift Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Batteries for Forklift Sales in Volume by Country (2018-2023)
6.1.3 Europe Batteries for Forklift Sales in Value by Country (2018-2023)
6.2 Europe Batteries for Forklift Forecasted Market Size by Country
6.2.1 Europe Batteries for Forklift Sales in Volume by Country (2024-2029)
6.2.2 Europe Batteries for Forklift Sales in Value by Country (2024-2029)
7 Asia-Pacific Batteries for Forklift by Region
7.1 Asia-Pacific Batteries for Forklift Historic Market Size by Region
7.1.1 Asia-Pacific Batteries for Forklift Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Batteries for Forklift Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Batteries for Forklift Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Batteries for Forklift Forecasted Market Size by Region
7.2.1 Asia-Pacific Batteries for Forklift Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Batteries for Forklift Sales in Value by Region (2024-2029)
8 Latin America Batteries for Forklift by Country
8.1 Latin America Batteries for Forklift Historic Market Size by Country
8.1.1 Latin America Batteries for Forklift Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Batteries for Forklift Sales in Volume by Country (2018-2023)
8.1.3 Latin America Batteries for Forklift Sales in Value by Country (2018-2023)
8.2 Latin America Batteries for Forklift Forecasted Market Size by Country
8.2.1 Latin America Batteries for Forklift Sales in Volume by Country (2024-2029)
8.2.2 Latin America Batteries for Forklift Sales in Value by Country (2024-2029)
9 Middle East and Africa Batteries for Forklift by Country
9.1 Middle East and Africa Batteries for Forklift Historic Market Size by Country
9.1.1 Middle East and Africa Batteries for Forklift Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Batteries for Forklift Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Batteries for Forklift Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Batteries for Forklift Forecasted Market Size by Country
9.2.1 Middle East and Africa Batteries for Forklift Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Batteries for Forklift Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Johnson Controls Inc.
10.1.1 Johnson Controls Inc. Company Information
10.1.2 Johnson Controls Inc. Introduction and Business Overview
10.1.3 Johnson Controls Inc. Batteries for Forklift Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Johnson Controls Inc. Batteries for Forklift Products Offered
10.1.5 Johnson Controls Inc. Recent Development
10.2 Exide Technologies Inc.
10.2.1 Exide Technologies Inc. Company Information
10.2.2 Exide Technologies Inc. Introduction and Business Overview
10.2.3 Exide Technologies Inc. Batteries for Forklift Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Exide Technologies Inc. Batteries for Forklift Products Offered
10.2.5 Exide Technologies Inc. Recent Development
10.3 Enersys Inc.
10.3.1 Enersys Inc. Company Information
10.3.2 Enersys Inc. Introduction and Business Overview
10.3.3 Enersys Inc. Batteries for Forklift Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Enersys Inc. Batteries for Forklift Products Offered
10.3.5 Enersys Inc. Recent Development
10.4 Geebattery
10.4.1 Geebattery Company Information
10.4.2 Geebattery Introduction and Business Overview
10.4.3 Geebattery Batteries for Forklift Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Geebattery Batteries for Forklift Products Offered
10.4.5 Geebattery Recent Development
10.5 GS Yuasa Corporation
10.5.1 GS Yuasa Corporation Company Information
10.5.2 GS Yuasa Corporation Introduction and Business Overview
10.5.3 GS Yuasa Corporation Batteries for Forklift Sales, Revenue and Gross Margin (2018-2023)
10.5.4 GS Yuasa Corporation Batteries for Forklift Products Offered
10.5.5 GS Yuasa Corporation Recent Development
10.6 Northstar Battery Company LLC
10.6.1 Northstar Battery Company LLC Company Information
10.6.2 Northstar Battery Company LLC Introduction and Business Overview
10.6.3 Northstar Battery Company LLC Batteries for Forklift Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Northstar Battery Company LLC Batteries for Forklift Products Offered
10.6.5 Northstar Battery Company LLC Recent Development
10.7 C&D Technologies, Inc.
10.7.1 C&D Technologies, Inc. Company Information
10.7.2 C&D Technologies, Inc. Introduction and Business Overview
10.7.3 C&D Technologies, Inc. Batteries for Forklift Sales, Revenue and Gross Margin (2018-2023)
10.7.4 C&D Technologies, Inc. Batteries for Forklift Products Offered
10.7.5 C&D Technologies, Inc. Recent Development
10.8 Robert Bosch GmbH
10.8.1 Robert Bosch GmbH Company Information
10.8.2 Robert Bosch GmbH Introduction and Business Overview
10.8.3 Robert Bosch GmbH Batteries for Forklift Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Robert Bosch GmbH Batteries for Forklift Products Offered
10.8.5 Robert Bosch GmbH Recent Development
10.9 East Penn Manufacturing Company
10.9.1 East Penn Manufacturing Company Company Information
10.9.2 East Penn Manufacturing Company Introduction and Business Overview
10.9.3 East Penn Manufacturing Company Batteries for Forklift Sales, Revenue and Gross Margin (2018-2023)
10.9.4 East Penn Manufacturing Company Batteries for Forklift Products Offered
10.9.5 East Penn Manufacturing Company Recent Development
10.10 SBS Battery
10.10.1 SBS Battery Company Information
10.10.2 SBS Battery Introduction and Business Overview
10.10.3 SBS Battery Batteries for Forklift Sales, Revenue and Gross Margin (2018-2023)
10.10.4 SBS Battery Batteries for Forklift Products Offered
10.10.5 SBS Battery Recent Development
10.11 ThomasNet
10.11.1 ThomasNet Company Information
10.11.2 ThomasNet Introduction and Business Overview
10.11.3 ThomasNet Batteries for Forklift Sales, Revenue and Gross Margin (2018-2023)
10.11.4 ThomasNet Batteries for Forklift Products Offered
10.11.5 ThomasNet Recent Development
10.12 IBCS
10.12.1 IBCS Company Information
10.12.2 IBCS Introduction and Business Overview
10.12.3 IBCS Batteries for Forklift Sales, Revenue and Gross Margin (2018-2023)
10.12.4 IBCS Batteries for Forklift Products Offered
10.12.5 IBCS Recent Development
10.13 Green Cubes Technology
10.13.1 Green Cubes Technology Company Information
10.13.2 Green Cubes Technology Introduction and Business Overview
10.13.3 Green Cubes Technology Batteries for Forklift Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Green Cubes Technology Batteries for Forklift Products Offered
10.13.5 Green Cubes Technology Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Batteries for Forklift 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 Batteries for Forklift Industrial Chain Analysis
11.4 Batteries for Forklift Market Dynamics
11.4.1 Batteries for Forklift Industry Trends
11.4.2 Batteries for Forklift Market Drivers
11.4.3 Batteries for Forklift Market Challenges
11.4.4 Batteries for Forklift Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Batteries for Forklift Distributors
12.3 Batteries for Forklift 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
Published By : QY Research
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