Global Forklift Battery Supply, Demand and Key Producers, 2026-2032

The global Forklift Battery market size is expected to reach $ 4738 million by 2032, rising at a market growth of 6.9% CAGR during the forecast period (2026-2032).

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.

This report studies the global Forklift Battery production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Forklift Battery and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Forklift Battery that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Forklift Battery total production and demand, 2021-2032, (million VAh)

Global Forklift Battery total production value, 2021-2032, (USD Million)

Global Forklift Battery production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (million VAh), (based on production site)

Global Forklift Battery consumption by region & country, CAGR, 2021-2032 & (million VAh)

U.S. VS China: Forklift Battery domestic production, consumption, key domestic manufacturers and share

Global Forklift Battery production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (million VAh)

Global Forklift Battery production by Type, production, value, CAGR, 2021-2032, (USD Million) & (million VAh)

Global Forklift Battery production by Application, production, value, CAGR, 2021-2032, (USD Million) & (million VAh)

This report profiles key players in the global Forklift Battery market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include EnerSys, Hitachi Chemical (Showa Denko), GS Yuasa, Hoppecke, East Penn Manufacturing, Exide Industries, Amara Raja, MIDAC, Sunlight, TAB, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Forklift Battery market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (million VAh) and average price (USD/kVAh) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.

Global Forklift Battery Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Forklift Battery Market, Segmentation by Type:
Lead Acid Battery
Lithium-ion Battery

Global Forklift Battery Market, Segmentation by Application:
Warehouse
Factory
Distribution Center
Others

Companies Profiled:
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 Answered:

1. How big is the global Forklift Battery market?

2. What is the demand of the global Forklift Battery market?

3. What is the year over year growth of the global Forklift Battery market?

4. What is the production and production value of the global Forklift Battery market?

5. Who are the key producers in the global Forklift Battery market?

6. What are the growth factors driving the market demand? Show more