Market Overview
According to DIResearch＇s in-depth investigation and research, the global Forklift Battery market size will reach 3,202.46 Million USD in 2025 and is projected to reach 5,199.92 Million USD by 2032, with a CAGR of 7.17% (2025-2032). Notably, the China Forklift Battery market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
A forklift battery, also known as an industrial or electric forklift battery, is a large, rechargeable power source designed specifically for electric forklifts and other material handling equipment. These batteries are typically composed of multiple cells that store electrical energy, usually in the form of lead-acid or, increasingly, lithium-ion technology. Forklift batteries provide the necessary power to drive the electric motor of the forklift, enabling the vehicle to lift, lower, and transport heavy loads efficiently. The size and capacity of forklift batteries vary based on the specific requirements of the forklift and the intensity of its usage. Forklift operators recharge these batteries when their energy levels are depleted, and the batteries are commonly equipped with features like built-in watering systems (for lead-acid batteries) to simplify maintenance. Forklift batteries are a popular choice in warehouse and industrial settings for their environmental friendliness, lower operating costs, and the absence of emissions compared to internal combustion engines.
The major global manufacturers of Forklift Battery 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, Electrovaya, Saft, 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, BSLBATT, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Forklift Battery. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Forklift Battery market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Forklift Battery market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Forklift Battery industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Forklift Battery 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
Electrovaya
Saft
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
BSLBATT
Forklift Battery Product Segment Include:
Lead-Acid Battery
Li-Ion Battery
Forklift Battery Product Application Include:
Warehouses
Factories
Distribution Centers
Others
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Forklift Battery Industry PESTEL Analysis
Chapter 3: Global Forklift Battery Industry Porter's Five Forces Analysis
Chapter 4: Global Forklift Battery Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global Forklift Battery Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global Forklift Battery Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, Forklift Battery Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
- 1 Forklift Battery Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Forklift Battery Product by Type
- 1.2.1 Lead-Acid Battery
- 1.2.2 Li-Ion Battery
- 1.3 Forklift Battery Product by Application
- 1.3.1 Warehouses
- 1.3.2 Factories
- 1.3.3 Distribution Centers
- 1.3.4 Others
- 1.4 Global Forklift Battery Market Revenue and Sales Analysis
- 1.4.1 Global Forklift Battery Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global Forklift Battery Sales Market Size Analysis (2020-2032)
- 1.4.3 Global Forklift Battery Market Sales Price Trend Analysis (2020-2032)
- 1.5 Forklift Battery Market Development Status and Trends
- 1.5.1 Forklift Battery Industry Development Status Analysis
- 1.5.2 Forklift Battery Industry Development Trends Analysis
- 2 Forklift Battery Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 Forklift Battery Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global Forklift Battery Market Analysis by Country
- 4.1 Global Forklift Battery Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 4.1.1 Global Forklift Battery Revenue and Market Share by Country (2020-2025)
- 4.1.2 Global Forklift Battery Revenue and Market Share Forecast by Country (2026-2032)
- 4.2 Global Forklift Battery Sales Analysis by Country: 2024 VS 2025 VS 2032
- 4.2.1 Global Forklift Battery Sales and Market Share by Country (2020-2025)
- 4.2.2 Global Forklift Battery Sales and Market Share Forecast by Country (2026-2032)
- 4.3 United States Forklift Battery Market Sales, Revenue and Growth Rate (2020-2032)
- 4.4 Germany Forklift Battery Market Sales, Revenue and Growth Rate (2020-2032)
- 4.5 Japan Forklift Battery Market Sales, Revenue and Growth Rate (2020-2032)
- 4.6 China Forklift Battery Market Sales, Revenue and Growth Rate (2020-2032)
- 4.7 France Forklift Battery Market Sales, Revenue and Growth Rate (2020-2032)
- 4.8 U.K. Forklift Battery Market Sales, Revenue and Growth Rate (2020-2032)
- 4.9 South Korea Forklift Battery Market Sales, Revenue and Growth Rate (2020-2032)
- 4.10 Canada Forklift Battery Market Sales, Revenue and Growth Rate (2020-2032)
- 4.11 Italy Forklift Battery Market Sales, Revenue and Growth Rate (2020-2032)
- 4.12 Russia Forklift Battery Market Sales, Revenue and Growth Rate (2020-2032)
- 4.13 Mexico Forklift Battery Market Sales, Revenue and Growth Rate (2020-2032)
- 4.14 Brazil Forklift Battery Market Sales, Revenue and Growth Rate (2020-2032)
- 4.15 India Forklift Battery Market Sales, Revenue and Growth Rate (2020-2032)
- 4.16 Vietnam Forklift Battery Market Sales, Revenue and Growth Rate (2020-2032)
- 4.17 Thailand Forklift Battery Market Sales, Revenue and Growth Rate (2020-2032)
- 4.18 South Africa Forklift Battery Market Sales, Revenue and Growth Rate (2020-2032)
- 5 Competition by Manufacturers
- 5.1 Global Forklift Battery Market Sales, Revenue and Sales Price by Key Manufacturers (2021-2025)
- 5.1.1 Global Forklift Battery Market Sales by Key Manufacturers (2021-2025)
- 5.1.2 Global Forklift Battery Market Revenue by Key Manufacturers (2021-2025)
- 5.1.3 Global Forklift Battery Average Sales Price by Manufacturers (2021-2025)
- 5.2 Forklift Battery Competitive Landscape Analysis and Market Dynamic
- 5.2.1 Forklift Battery Competitive Landscape Analysis
- 5.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 5.2.3 Market Dynamic
- 6 Forklift Battery Market Analysis by Type
- 6.1 Global Forklift Battery Market Revenue Analysis by Type
- 6.1.1 Global Forklift Battery Market Size Analysis by Type: 2024 & 2025 & 2032
- 6.1.2 Global Forklift Battery Revenue and Forecast Analysis by Type (2020-2032)
- 6.2 Global Forklift Battery Market Sales and Forecast Analysis by Type (2020-2032)
- 6.3 Global Forklift Battery Sales Price Trend Analysis by Type (2020-2032)
- 7 Key Companies Analysis
- 7.1 EnerSys
- 7.1.1 EnerSys Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.1.2 EnerSys Forklift Battery Product Portfolio
- 7.1.3 EnerSys Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.2 Hitachi Chemical
- 7.2.1 Hitachi Chemical Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.2.2 Hitachi Chemical Forklift Battery Product Portfolio
- 7.2.3 Hitachi Chemical Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.3 GS Yuasa
- 7.3.1 GS Yuasa Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.3.2 GS Yuasa Forklift Battery Product Portfolio
- 7.3.3 GS Yuasa Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.4 Hoppecke
- 7.4.1 Hoppecke Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.4.2 Hoppecke Forklift Battery Product Portfolio
- 7.4.3 Hoppecke Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.5 East Penn Manufacturing
- 7.5.1 East Penn Manufacturing Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.5.2 East Penn Manufacturing Forklift Battery Product Portfolio
- 7.5.3 East Penn Manufacturing Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.6 Exide Technologies
- 7.6.1 Exide Technologies Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.6.2 Exide Technologies Forklift Battery Product Portfolio
- 7.6.3 Exide Technologies Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.7 MIDAC
- 7.7.1 MIDAC Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.7.2 MIDAC Forklift Battery Product Portfolio
- 7.7.3 MIDAC Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.8 SYSTEMS SUNLIGHT S.A.
- 7.8.1 SYSTEMS SUNLIGHT S.A. Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.8.2 SYSTEMS SUNLIGHT S.A. Forklift Battery Product Portfolio
- 7.8.3 SYSTEMS SUNLIGHT S.A. Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.9 ECOBAT Battery Technologies
- 7.9.1 ECOBAT Battery Technologies Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.9.2 ECOBAT Battery Technologies Forklift Battery Product Portfolio
- 7.9.3 ECOBAT Battery Technologies Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.10 Triathlon Batterien GmbH
- 7.10.1 Triathlon Batterien GmbH Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.10.2 Triathlon Batterien GmbH Forklift Battery Product Portfolio
- 7.10.3 Triathlon Batterien GmbH Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.11 Crown Battery
- 7.11.1 Crown Battery Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.11.2 Crown Battery Forklift Battery Product Portfolio
- 7.11.3 Crown Battery Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.12 Amara Raja
- 7.12.1 Amara Raja Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.12.2 Amara Raja Forklift Battery Product Portfolio
- 7.12.3 Amara Raja Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.13 Storage Battery Systems, LLC
- 7.13.1 Storage Battery Systems, LLC Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.13.2 Storage Battery Systems, LLC Forklift Battery Product Portfolio
- 7.13.3 Storage Battery Systems, LLC Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.14 BAE Batterien
- 7.14.1 BAE Batterien Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.14.2 BAE Batterien Forklift Battery Product Portfolio
- 7.14.3 BAE Batterien Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.15 Banner Batteries
- 7.15.1 Banner Batteries Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.15.2 Banner Batteries Forklift Battery Product Portfolio
- 7.15.3 Banner Batteries Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.16 Electrovaya
- 7.16.1 Electrovaya Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.16.2 Electrovaya Forklift Battery Product Portfolio
- 7.16.3 Electrovaya Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.17 Saft
- 7.17.1 Saft Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.17.2 Saft Forklift Battery Product Portfolio
- 7.17.3 Saft Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.18 Flux Power Holdings, Inc
- 7.18.1 Flux Power Holdings, Inc Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.18.2 Flux Power Holdings, Inc Forklift Battery Product Portfolio
- 7.18.3 Flux Power Holdings, Inc Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.19 FAAM (Seri Industrial)
- 7.19.1 FAAM (Seri Industrial) Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.19.2 FAAM (Seri Industrial) Forklift Battery Product Portfolio
- 7.19.3 FAAM (Seri Industrial) Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.20 Tianneng Battery Group
- 7.20.1 Tianneng Battery Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.20.2 Tianneng Battery Group Forklift Battery Product Portfolio
- 7.20.3 Tianneng Battery Group Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.21 LEOCH
- 7.21.1 LEOCH Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.21.2 LEOCH Forklift Battery Product Portfolio
- 7.21.3 LEOCH Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.22 Zibo Torch Energy
- 7.22.1 Zibo Torch Energy Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.22.2 Zibo Torch Energy Forklift Battery Product Portfolio
- 7.22.3 Zibo Torch Energy Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.23 Shandong Sacred Sun Power Sources Co.
- 7.23.1 Shandong Sacred Sun Power Sources Co. Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.23.2 Shandong Sacred Sun Power Sources Co. Forklift Battery Product Portfolio
- 7.23.3 Shandong Sacred Sun Power Sources Co. Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.24 Camel Group
- 7.24.1 Camel Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.24.2 Camel Group Forklift Battery Product Portfolio
- 7.24.3 Camel Group Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.25 Western Electrical Co
- 7.25.1 Western Electrical Co Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.25.2 Western Electrical Co Forklift Battery Product Portfolio
- 7.25.3 Western Electrical Co Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.26 Jiangsu Frey New Energy Co
- 7.26.1 Jiangsu Frey New Energy Co Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.26.2 Jiangsu Frey New Energy Co Forklift Battery Product Portfolio
- 7.26.3 Jiangsu Frey New Energy Co Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.27 Yingde Aokly Power Co
- 7.27.1 Yingde Aokly Power Co Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.27.2 Yingde Aokly Power Co Forklift Battery Product Portfolio
- 7.27.3 Yingde Aokly Power Co Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.28 Yantai Goldentide Unikodi Battery Co
- 7.28.1 Yantai Goldentide Unikodi Battery Co Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.28.2 Yantai Goldentide Unikodi Battery Co Forklift Battery Product Portfolio
- 7.28.3 Yantai Goldentide Unikodi Battery Co Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.29 BSLBATT
- 7.29.1 BSLBATT Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.29.2 BSLBATT Forklift Battery Product Portfolio
- 7.29.3 BSLBATT Forklift Battery Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8 Industry Chain Analysis
- 8.1 Forklift Battery Industry Chain Analysis
- 8.2 Forklift Battery Industry Upstream Supply Analysis
- 8.2.1 Upstream Key Raw Material Supply Analysis
- 8.2.2 Raw Material Suppliers and Contact Information
- 8.3 Forklift Battery Product Downstream Application Analysis
- 8.3.1 Global Forklift Battery Revenue Market Size by Application: 2024 & 2025 & 2032
- 8.3.2 Global Forklift Battery Revenue and Forecast Analysis by Application (2020-2032)
- 8.3.3 Global Forklift Battery Sales and Forecast Analysis by Application (2020-2032)
- 8.4 Forklift Battery Typical Downstream Customers
- 8.5 Forklift Battery Sales Channel Analysis
- 9 Research Findings and Conclusion
- 10 Methodology and Data Source
- 10.1 Methodology/Research Approach
- 10.2 Research Scope
- 10.3 Benchmarks and Assumptions
- 10.4 Date Source
- 10.4.1 Primary Sources
- 10.4.2 Secondary Sources
- 10.5 Data Cross Validation
- 10.6 Disclaimer
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