Forklift Battery Market

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.

Forklift Battery Market contains market size and forecasts of Forklift Battery in global, including the following market information:

Global Forklift Battery Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Forklift Battery Market Sales, 2017-2022, 2023-2028, (M VAh)

Global top five Forklift Battery companies in 2021 (%)

The global Forklift Battery market was valued at 2114.5 million in 2021 and is projected to reach US$ 2858.7 million by 2028, at a CAGR of 4.4% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Lead-Acid Battery Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Forklift Battery include EnerSys, Hitachi Chemical, GS Yuasa, Hoppecke, East Penn Manufacturing, Exide Technologies, MIDAC, SYSTEMS SUNLIGHT S.A. and ECOBAT Battery Technologies, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

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, 2017-2022, 2023-2028 ($ Millions) & (M VAh)

Global Forklift Battery Market Segment Percentages, by Type, 2021 (%)

Lead-Acid Battery

Li-Ion Battery

Global Forklift Battery Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (M VAh)

Global Forklift Battery Market Segment Percentages, by Application, 2021 (%)

Warehouses

Factories

Distribution Centers

Others

Global Forklift Battery Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (M VAh)

Global Forklift Battery Market Segment Percentages, By Region and Country, 2021 (%)

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, 2017-2022 (Estimated), ($ millions)

Key companies Forklift Battery revenues share in global market, 2021 (%)

Key companies Forklift Battery sales in global market, 2017-2022 (Estimated), (M VAh)

Key companies Forklift Battery sales share in global market, 2021 (%)

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

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