The forklift battery market size was valued at US$ 5.94 billion in 2024 and is expected to reach US$ 9.23 billion by 2031; it is estimated to record a CAGR of 6.6% from 2025 to 2031. The incorporation of battery-as-a-service (BaaS) in forklifts is likely to bring new trends to the market in the coming years.
Forklift Battery Market Analysis
The forklift battery market is witnessing significant growth, driven by the rapid expansion of warehousing and e-commerce sectors, increasing industrialization, and a global shift toward electric forklifts for sustainability and cost-efficiency. These trends are fueling demand for advanced battery solutions to support longer operational hours and lower emissions. Opportunities in the market include the development of fast and opportunity charging technologies, which reduce downtime and enhance productivity. Additionally, innovations in smart battery management systems are improving performance, safety, and energy efficiency. These advancements present promising prospects for manufacturers and stakeholders aiming to meet the evolving needs of the material handling industry.
Forklift Battery Market Overview
A forklift battery can serve as a power source in the operation of forklifts and other industrial trucks, providing the energy needed for material handling operations. Forklifts typically use lead-acid or lithium-ion (Li-ion) batteries, with the latter being more popular due to its faster charging capabilities, longer lifespan, and reduced environmental impact, among other benefits. The demand for forklift batteries has grown significantly with the increased popularity of electric-powered forklifts, which are favored for their sustainability, lower maintenance needs, and cost-effectiveness compared to traditional internal combustion engine (ICE) forklifts. European and North American industries are known for their emphasis on greener solutions to reduce their carbon footprints, which adds to the demand for electric forklifts. Forklift batteries play a pivotal role in the logistics, warehousing, and manufacturing sectors, wherein they power various machines that are essential for material handling and transportation. In addition to the increasing adoption of electric forklifts, the rise of automation in warehouses in various industrial sectors bolsters the market growth.
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Forklift Battery Market: Strategic Insights
Market Size Value in US$ 4,816.54 Million in 2021 Market Size Value by US$ 7,759.94 Million by 2028 Growth rate CAGR of 7.1% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Forklift Battery Market: Strategic Insights
| Market Size Value in | US$ 4,816.54 Million in 2021 |
| Market Size Value by | US$ 7,759.94 Million by 2028 |
| Growth rate | CAGR of 7.1% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Forklift Battery Market Drivers and Opportunities
Expansion of Warehousing and E-Commerce
The e-commerce industry is flourishing owing to increased internet and smartphone penetration, evolving consumer preferences, and technological advancements. Moreover, cross-border e-commerce is on the rise as consumers seek unique products with competitive pricing internationally. According to Eurostat, in the EU, the share of companies that adopted e-sales strategy increased from 17.21% in 2013 to 23.83% in 2023. Many e-commerce companies are opening warehouses across the globe. For example, Amazon, an e-commerce giant, launched its first fulfillment center in the Netherlands in August 2023. With the new facility, the online marketplace will be able to fulfill Dutch requests without any delay. The rapid growth of e-commerce has led to an increased demand for efficient and clean material handling solutions in warehouses. Companies such as Amazon and DHL are responding by deploying fleets of battery-powered forklifts to enhance operational efficiency and reduce environmental impact. For example, in March 2022, DHL Supply Chain introduced its newest range of autonomous forklifts in Mainland Europe; these pallet movers were the latest addition to its multiuser warehouse in Bornem, Belgium. This installation of autonomous indoor robotic transporters for indoor pallet movement was a part of the company’s Accelerated Digitalization strategy. Thus, a surge in online shopping is reshaping the logistics landscape, prompting companies to invest in automated warehouses and battery-powered forklifts. This shift has a direct impact on the demand for efficient and durable forklift batteries, especially lithium-ion and lead-acid types, to support around-the-clock operations.
Developments in Fast and Opportunity Charging Features
As electric forklifts become more widely used across the globe, there is a growing focus on advanced charging solutions, such as fast charging and opportunity charging. These methods prove valuable for businesses with multi-shift operations owing to their ability to reduce downtime and improve efficiency. Traditionally, forklift batteries follow a conventional charging cycle, which includes 8 hours of operation, 8 hours of charging, and another 8 hours of cooling. This cycle limits battery availability and often requires companies to purchase additional batteries to keep operations running across multiple shifts, increasing both cost and storage needs. Fast and opportunity charging methods address this challenge by allowing forklift operators to plug in during short breaks, meal times, or overnight hours. This helps maintain the battery charge in the range of 40–80%, keeping forklifts available for use throughout the day. To maintain battery health and ensure peak performance, it is still important to perform a weekly equalization charge, which brings the battery to a full 100% charge and helps prevent sulfate buildup.
As more companies look to improve uptime and reduce operational costs, the demand for batteries and charging systems compatible with these methods is expected to grow. Thus, a shift toward fast and opportunity charging presents a significant growth opportunity for the forklift battery market.
Forklift Battery Market Report Segmentation Analysis
Key segments that contributed to the derivation of the forklift battery market analysis are type, capacity, and application.
- Based on type, forklift battery market is segmented into lithium-ion, lead acid, and others. The lead acid segment dominated the market in 2024.
- Based on capacity, the forklift battery market is segmented into 0–600 Ahr, 600–1,200 Ahr, and more than 1,200 Ahr. The 0–600 Ahr segment held the largest share of the market in 2024.
- Based on application, the forklift battery market is segmented into warehouses and logistics, construction, manufacturing, retail and wholesale stores, automotive, and others. The manufacturing segment dominated the market in 2024.
Forklift Battery Market Share Analysis by Geography
- The forklift battery market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific dominated the market in 2024, followed by Europe and North America.
- The North America forklift battery market growth is attributed to the expansion of the logistics & transportation and e-commerce industries. Online shopping in the US has increased in recent years. The Census Bureau of the Department of Commerce announced that the estimation of US retail e-commerce sales for the fourth quarter of 2024, adjusted for seasonal variation but not for price variations, was US$ 308.9 billion, an increase of 2.7 percent (±0.9) from the third quarter of 2024. Many logistics giants in the market, such as UPS, FedEx, USPS, XPO Logistics, and Amazon, recognized the increasing demand for forklifts in their warehouses. These companies have made significant investments in warehouse establishment and in automating their logistics operations. For instance, in November 2023, United Parcel Service opened the largest warehouse in Louisville, Kentucky, with an area of ~20 acres. This warehouse is made for storage and package handling, with a significant investment of US$ 79 million for the establishment of over 3,000 automated robots and industrial vehicles. These robots and industrial vehicles will handle several warehouse tasks, such as lifting and transporting goods from one place to another, by reducing the requirement for manual labor.
- The forklift battery market in Europe is driven by the growing food & beverages sector, the increasing demand for logistics and transportation, and the growing shopping-commerce industry. The logistics sector requires industrial vehicles such as forklifts to lift and transport goods from one place to another. According to the statistics published by the European Commission in July 2024, it has invested US$ 7.97 billion in 134 transport infrastructure projects for sustainable, safe, and smart transport infrastructure. The EU's strategic investment was made to automate the transportation and logistics infrastructure. The growth in the logistics sector has created a demand for electric forklifts for material handling in warehouses, which, in turn, drives the growth of the forklift battery market.
Forklift Battery Market Report Scope
Forklift Battery Market News and Recent Developments
The forklift battery market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the forklift battery market are listed below:
- BSL New Energy Technology Co., Ltd., a leading Chinese lithium battery manufacturer providing high-quality LiFePO4 batteries for motive power and energy storage applications, signed a strategic cooperation agreement with REPT BATTERO Energy Co., Ltd. to offer lithium battery solutions for forklifts.
(Source: BSL New Energy Technology Co., Ltd., Press Release, July 2024)
- East Penn Manufacturing Co. is launching the NEW Deka Ready Power product family at the ProMat 2025 show in Chicago, IL. The Deka Ready Power family of batteries supports the ever-growing need for maintenance-free products for Motive Power applications by offering both Lithium and Gel technologies, providing best-in-class value and the lowest total cost of ownership.
(Source: East Penn Manufacturing Co., Press Release, March 2025)
Forklift Battery Market Report Coverage and Deliverables
The "Forklift Battery Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Forklift battery market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Forklift battery market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Forklift battery market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the forklift battery market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , Application , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Incorporation of Battery-as-a-Service in Forklifts
The forklift battery market is expected to reach US$ 9.23 billion by 2031.
1. Expansion of Warehousing and E-Commerce
2. Growth of Industrialization
3. Shift Toward Electric Forklift
The forklift battery market was valued at US$ 5.94 billion in 2024; it is expected to register a CAGR of 6. 6% during 2025–2031.
The key players operating in the forklift battery market include Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Crown Equipment Corp, Exide Industries Ltd, EnerSys, East Penn Manufacturing Company, Contemporary Amperex Technology Co Ltd, TotalEnergies SE, Amara Raja Energy & Mobility Ltd, GS Yuasa Corp, leoch International Technology Limited Inc, TAB d.d., and BSL NEW ENERGY THCHENOLOGY CO., LTD.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Analyst Market Outlook
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Forklift Battery Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
4.3.2 List of Vendors in Value Chain
5. Forklift Battery Market – Key Market Dynamics
5.1 Forklift Battery Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Expansion of Warehousing and E-Commerce
5.2.2 Growth of Industrialization
5.2.3 Shift Toward Electric Forklift
5.3 Market Restraints
5.3.1 Safety and Operational Challenges
5.4 Market Opportunities
5.4.1 Developments in Fast and Opportunity Charging Features
5.4.2 Smart Battery Management
5.5 Future Trends
5.5.1 Incorporation of Battery-as-a-Service in Forklifts
5.6 Impact of Drivers and Restraints:
6. Forklift Battery Market – Global Market Analysis
6.1 Forklift Battery Market Revenue (US$ Million), 2021–2031
6.2 Forklift Battery Market Forecast Analysis
7. Forklift Battery Market Analysis – by Type
7.1 Lithium Ion
7.1.1 Overview
7.1.2 Lithium Ion: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Lead Acid
7.2.1 Overview
7.2.2 Lead Acid: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
8. Forklift Battery Market Analysis – by Capacity
8.1 0 to 600 Ahr
8.1.1 Overview
8.1.2 0 to 600 Ahr: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
8.2 600 to 1200 Ahr
8.2.1 Overview
8.2.2 600 to 1200 Ahr: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Above 1200 Ahr
8.3.1 Overview
8.3.2 Above 1200 Ahr: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
9. Forklift Battery Market Analysis – by Application
9.1 Manufacturing
9.1.1 Overview
9.1.2 Manufacturing: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Construction
9.2.1 Overview
9.2.2 Construction: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Warehouse and Logistics
9.3.1 Overview
9.3.2 Warehouse and Logistics: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
9.5 Retail and Wholesale Stores
9.5.1 Overview
9.5.2 Retail and Wholesale Stores: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
10. Forklift Battery Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Forklift Battery Market Overview
10.2.2 North America: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.2.3 North America: Forklift Battery Market Breakdown, by Type
10.2.3.1 North America: Forklift Battery Market – Revenue and Forecast Analysis – by Type
10.2.4 North America: Forklift Battery Market Breakdown, by Capacity
10.2.4.1 North America: Forklift Battery Market – Revenue and Forecast Analysis – by Capacity
10.2.5 North America: Forklift Battery Market Breakdown, by Application
10.2.5.1 North America: Forklift Battery Market – Revenue and Forecast Analysis – by Application
10.2.6 North America: Forklift Battery Market – Revenue and Forecast Analysis – by Country
10.2.6.1 North America: Forklift Battery Market – Revenue and Forecast Analysis – by Country
10.2.6.2 United States: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.2.6.2.1 United States: Forklift Battery Market Breakdown, by Type
10.2.6.2.2 United States: Forklift Battery Market Breakdown, by Capacity
10.2.6.2.3 United States: Forklift Battery Market Breakdown, by Application
10.2.6.3 Canada: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.2.6.3.1 Canada: Forklift Battery Market Breakdown, by Type
10.2.6.3.2 Canada: Forklift Battery Market Breakdown, by Capacity
10.2.6.3.3 Canada: Forklift Battery Market Breakdown, by Application
10.2.6.4 Mexico: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.2.6.4.1 Mexico: Forklift Battery Market Breakdown, by Type
10.2.6.4.2 Mexico: Forklift Battery Market Breakdown, by Capacity
10.2.6.4.3 Mexico: Forklift Battery Market Breakdown, by Application
10.3 Europe
10.3.1 Europe Forklift Battery Market Overview
10.3.2 Europe: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.3.3 Europe: Forklift Battery Market Breakdown, by Type
10.3.3.1 Europe: Forklift Battery Market – Revenue and Forecast Analysis – by Type
10.3.4 Europe: Forklift Battery Market Breakdown, by Capacity
10.3.4.1 Europe: Forklift Battery Market – Revenue and Forecast Analysis – by Capacity
10.3.5 Europe: Forklift Battery Market Breakdown, by Application
10.3.5.1 Europe: Forklift Battery Market – Revenue and Forecast Analysis – by Application
10.3.6 Europe: Forklift Battery Market – Revenue and Forecast Analysis – by Country
10.3.6.1 Europe: Forklift Battery Market – Revenue and Forecast Analysis – by Country
10.3.6.2 Germany: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.3.6.2.1 Germany: Forklift Battery Market Breakdown, by Type
10.3.6.2.2 Germany: Forklift Battery Market Breakdown, by Capacity
10.3.6.2.3 Germany: Forklift Battery Market Breakdown, by Application
10.3.6.3 France: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.3.6.3.1 France: Forklift Battery Market Breakdown, by Type
10.3.6.3.2 France: Forklift Battery Market Breakdown, by Capacity
10.3.6.3.3 France: Forklift Battery Market Breakdown, by Application
10.3.6.4 United Kingdom: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.3.6.4.1 United Kingdom: Forklift Battery Market Breakdown, by Type
10.3.6.4.2 United Kingdom: Forklift Battery Market Breakdown, by Capacity
10.3.6.4.3 United Kingdom: Forklift Battery Market Breakdown, by Application
10.3.6.5 Italy: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.3.6.5.1 Italy: Forklift Battery Market Breakdown, by Type
10.3.6.5.2 Italy: Forklift Battery Market Breakdown, by Capacity
10.3.6.5.3 Italy: Forklift Battery Market Breakdown, by Application
10.3.6.6 Spain: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.3.6.6.1 Spain: Forklift Battery Market Breakdown, by Type
10.3.6.6.2 Spain: Forklift Battery Market Breakdown, by Capacity
10.3.6.6.3 Spain: Forklift Battery Market Breakdown, by Application
10.3.6.7 Rest of Europe: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.3.6.7.1 Rest of Europe: Forklift Battery Market Breakdown, by Type
10.3.6.7.2 Rest of Europe: Forklift Battery Market Breakdown, by Capacity
10.3.6.7.3 Rest of Europe: Forklift Battery Market Breakdown, by Application
10.4 Asia Pacific
10.4.1 Asia Pacific Forklift Battery Market Overview
10.4.2 Asia Pacific: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.4.3 Asia Pacific: Forklift Battery Market Breakdown, by Type
10.4.3.1 Asia Pacific: Forklift Battery Market – Revenue and Forecast Analysis – by Type
10.4.4 Asia Pacific: Forklift Battery Market Breakdown, by Capacity
10.4.4.1 Asia Pacific: Forklift Battery Market – Revenue and Forecast Analysis – by Capacity
10.4.5 Asia Pacific: Forklift Battery Market Breakdown, by Application
10.4.5.1 Asia Pacific: Forklift Battery Market – Revenue and Forecast Analysis – by Application
10.4.6 Asia Pacific: Forklift Battery Market – Revenue and Forecast Analysis – by Country
10.4.6.1 Asia Pacific: Forklift Battery Market – Revenue and Forecast Analysis – by Country
10.4.6.2 China: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.4.6.2.1 China: Forklift Battery Market Breakdown, by Type
10.4.6.2.2 China: Forklift Battery Market Breakdown, by Capacity
10.4.6.2.3 China: Forklift Battery Market Breakdown, by Application
10.4.6.3 Japan: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.4.6.3.1 Japan: Forklift Battery Market Breakdown, by Type
10.4.6.3.2 Japan: Forklift Battery Market Breakdown, by Capacity
10.4.6.3.3 Japan: Forklift Battery Market Breakdown, by Application
10.4.6.4 India: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.4.6.4.1 India: Forklift Battery Market Breakdown, by Type
10.4.6.4.2 India: Forklift Battery Market Breakdown, by Capacity
10.4.6.4.3 India: Forklift Battery Market Breakdown, by Application
10.4.6.5 South Korea: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.4.6.5.1 South Korea: Forklift Battery Market Breakdown, by Type
10.4.6.5.2 South Korea: Forklift Battery Market Breakdown, by Capacity
10.4.6.5.3 South Korea: Forklift Battery Market Breakdown, by Application
10.4.6.6 Australia: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.4.6.6.1 Australia: Forklift Battery Market Breakdown, by Type
10.4.6.6.2 Australia: Forklift Battery Market Breakdown, by Capacity
10.4.6.6.3 Australia: Forklift Battery Market Breakdown, by Application
10.4.6.7 Rest of APAC: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.4.6.7.1 Rest of APAC: Forklift Battery Market Breakdown, by Type
10.4.6.7.2 Rest of APAC: Forklift Battery Market Breakdown, by Capacity
10.4.6.7.3 Rest of APAC: Forklift Battery Market Breakdown, by Application
10.5 Middle East and Africa
10.5.1 Middle East and Africa Forklift Battery Market Overview
10.5.2 Middle East and Africa: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.5.3 Middle East and Africa: Forklift Battery Market Breakdown, by Type
10.5.3.1 Middle East and Africa: Forklift Battery Market – Revenue and Forecast Analysis – by Type
10.5.4 Middle East and Africa: Forklift Battery Market Breakdown, by Capacity
10.5.4.1 Middle East and Africa: Forklift Battery Market – Revenue and Forecast Analysis – by Capacity
10.5.5 Middle East and Africa: Forklift Battery Market Breakdown, by Application
10.5.5.1 Middle East and Africa: Forklift Battery Market – Revenue and Forecast Analysis – by Application
10.5.6 Middle East and Africa: Forklift Battery Market – Revenue and Forecast Analysis – by Country
10.5.6.1 Middle East and Africa: Forklift Battery Market – Revenue and Forecast Analysis – by Country
10.5.6.2 South Africa: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.5.6.2.1 South Africa: Forklift Battery Market Breakdown, by Type
10.5.6.2.2 South Africa: Forklift Battery Market Breakdown, by Capacity
10.5.6.2.3 South Africa: Forklift Battery Market Breakdown, by Application
10.5.6.3 United Arab Emirates: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.5.6.3.1 United Arab Emirates: Forklift Battery Market Breakdown, by Type
10.5.6.3.2 United Arab Emirates: Forklift Battery Market Breakdown, by Capacity
10.5.6.3.3 United Arab Emirates: Forklift Battery Market Breakdown, by Application
10.5.6.4 Saudi Arabia: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.5.6.4.1 Saudi Arabia: Forklift Battery Market Breakdown, by Type
10.5.6.4.2 Saudi Arabia: Forklift Battery Market Breakdown, by Capacity
10.5.6.4.3 Saudi Arabia: Forklift Battery Market Breakdown, by Application
10.5.6.5 Rest of Middle East and Africa: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: Forklift Battery Market Breakdown, by Type
10.5.6.5.2 Rest of Middle East and Africa: Forklift Battery Market Breakdown, by Capacity
10.5.6.5.3 Rest of Middle East and Africa: Forklift Battery Market Breakdown, by Application
10.6 South and Central America
10.6.1 South and Central America Forklift Battery Market Overview
10.6.2 South and Central America: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.6.3 South and Central America: Forklift Battery Market Breakdown, by Type
10.6.3.1 South and Central America: Forklift Battery Market – Revenue and Forecast Analysis – by Type
10.6.4 South and Central America: Forklift Battery Market Breakdown, by Capacity
10.6.4.1 South and Central America: Forklift Battery Market – Revenue and Forecast Analysis – by Capacity
10.6.5 South and Central America: Forklift Battery Market Breakdown, by Application
10.6.5.1 South and Central America: Forklift Battery Market – Revenue and Forecast Analysis – by Application
10.6.6 South and Central America: Forklift Battery Market – Revenue and Forecast Analysis – by Country
10.6.6.1 South and Central America: Forklift Battery Market – Revenue and Forecast Analysis – by Country
10.6.6.2 Brazil: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.6.6.2.1 Brazil: Forklift Battery Market Breakdown, by Type
10.6.6.2.2 Brazil: Forklift Battery Market Breakdown, by Capacity
10.6.6.2.3 Brazil: Forklift Battery Market Breakdown, by Application
10.6.6.3 Argentina: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.6.6.3.1 Argentina: Forklift Battery Market Breakdown, by Type
10.6.6.3.2 Argentina: Forklift Battery Market Breakdown, by Capacity
10.6.6.3.3 Argentina: Forklift Battery Market Breakdown, by Application
10.6.6.4 Rest of South and Central America: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
10.6.6.4.1 Rest of South and Central America: Forklift Battery Market Breakdown, by Type
10.6.6.4.2 Rest of South and Central America: Forklift Battery Market Breakdown, by Capacity
10.6.6.4.3 Rest of South and Central America: Forklift Battery Market Breakdown, by Application
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning and Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Crown Equipment Corp
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Exide Industries Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 EnerSys
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 East Penn Manufacturing Company
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Contemporary Amperex Technology Co Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 TotalEnergies SE
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Amara Raja Energy & Mobility Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 GS Yuasa Corp
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 leoch International Technology Limited Inc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 TAB d.d.
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 BSL NEW ENERGY THCHENOLOGY CO., LTD
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
14. Appendix
14.1 Appendix
14.2 About The Insight Partners
List of Tables
Table 1. Forklift Battery Market Segmentation
Table 2. List of Vendors
Table 3. Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million)
Table 4. Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million)
Table 5. Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 6. Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 7. Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 8. Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 9. Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 10. Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 11. North America: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Type
Table 12. North America: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 13. North America: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Capacity
Table 14. North America: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 15. North America: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Application
Table 16. North America: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 17. North America: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Country
Table 18. North America: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Country
Table 19. United States: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 20. United States: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 21. United States: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 22. United States: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 23. United States: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 24. United States: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 25. Canada: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 26. Canada: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 27. Canada: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 28. Canada: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 29. Canada: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 30. Canada: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 31. Mexico: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 32. Mexico: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 33. Mexico: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 34. Mexico: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 35. Mexico: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 36. Mexico: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 37. Europe: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Type
Table 38. Europe: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 39. Europe: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Capacity
Table 40. Europe: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 41. Europe: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Application
Table 42. Europe: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 43. Europe: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Country
Table 44. Europe: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Country
Table 45. Germany: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 46. Germany: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 47. Germany: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 48. Germany: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 49. Germany: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 50. Germany: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 51. France: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 52. France: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 53. France: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 54. France: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 55. France: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 56. France: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 57. United Kingdom: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 58. United Kingdom: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 59. United Kingdom: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 60. United Kingdom: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 61. United Kingdom: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 62. United Kingdom: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 63. Italy: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 64. Italy: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 65. Italy: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 66. Italy: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 67. Italy: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 68. Italy: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 69. Spain: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 70. Spain: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 71. Spain: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 72. Spain: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 73. Spain: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 74. Spain: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 75. Rest of Europe: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 76. Rest of Europe: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 77. Rest of Europe: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 78. Rest of Europe: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 79. Rest of Europe: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 80. Rest of Europe: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 81. Asia Pacific: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Type
Table 82. Asia Pacific: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 83. Asia Pacific: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Capacity
Table 84. Asia Pacific: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 85. Asia Pacific: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Application
Table 86. Asia Pacific: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 87. Asia Pacific: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Country
Table 88. Asia Pacific: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Country
Table 89. China: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 90. China: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 91. China: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 92. China: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 93. China: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 94. China: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 95. Japan: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 96. Japan: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 97. Japan: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 98. Japan: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 99. Japan: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 100. Japan: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 101. India: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 102. India: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 103. India: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 104. India: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 105. India: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 106. India: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 107. South Korea: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 108. South Korea: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 109. South Korea: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 110. South Korea: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 111. South Korea: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 112. South Korea: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 113. Australia: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 114. Australia: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 115. Australia: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 116. Australia: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 117. Australia: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 118. Australia: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 119. Rest of APAC: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 120. Rest of APAC: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 121. Rest of APAC: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 122. Rest of APAC: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 123. Rest of APAC: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 124. Rest of APAC: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 125. Middle East and Africa: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Type
Table 126. Middle East and Africa: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 127. Middle East and Africa: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Capacity
Table 128. Middle East and Africa: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 129. Middle East and Africa: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Application
Table 130. Middle East and Africa: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 131. Middle East and Africa: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Country
Table 132. Middle East and Africa: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Country
Table 133. South Africa: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 134. South Africa: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 135. South Africa: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 136. South Africa: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 137. South Africa: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 138. South Africa: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 139. United Arab Emirates: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 140. United Arab Emirates: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 141. United Arab Emirates: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 142. United Arab Emirates: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 143. United Arab Emirates: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 144. United Arab Emirates: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 145. Saudi Arabia: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 146. Saudi Arabia: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 147. Saudi Arabia: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 148. Saudi Arabia: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 149. Saudi Arabia: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 150. Saudi Arabia: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 151. Rest of Middle East and Africa: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 152. Rest of Middle East and Africa: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 153. Rest of Middle East and Africa: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 154. Rest of Middle East and Africa: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 155. Rest of Middle East and Africa: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 156. Rest of Middle East and Africa: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 157. South and Central America: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Type
Table 158. South and Central America: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 159. South and Central America: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Capacity
Table 160. South and Central America: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 161. South and Central America: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Application
Table 162. South and Central America: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 163. South and Central America: Forklift Battery Market – Revenue, 2021 - 2024 (US$ Million) – by Country
Table 164. South and Central America: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Country
Table 165. Brazil: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 166. Brazil: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 167. Brazil: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 168. Brazil: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 169. Brazil: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 170. Brazil: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 171. Argentina: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 172. Argentina: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 173. Argentina: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 174. Argentina: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 175. Argentina: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 176. Argentina: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 177. Rest of South and Central America: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Type
Table 178. Rest of South and Central America: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Type
Table 179. Rest of South and Central America: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Capacity
Table 180. Rest of South and Central America: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Capacity
Table 181. Rest of South and Central America: Forklift Battery Market – Revenue, 2021 - 2024(US$ Million) – by Application
Table 182. Rest of South and Central America: Forklift Battery Market – Revenue, 2025 - 2031 (US$ Million) – by Application
Table 183. Heat Map Analysis by Key Players
List of Figures
Figure 1. Forklift Battery Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Forklift Battery Market Revenue (US$ Million), 2021–2031
Figure 5. Forklift Battery Market Share (%) – by Type (2024 and 2031)
Figure 6. Lithium Ion: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Lead Acid: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Others: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Forklift Battery Market Share (%) – by Capacity (2024 and 2031)
Figure 10. 0 to 600 Ahr: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. 600 to 1200 Ahr: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Above 1200 Ahr: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Forklift Battery Market Share (%) – by Application (2024 and 2031)
Figure 14. Manufacturing: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Construction: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Warehouse and Logistics: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Automotive: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Retail and Wholesale Stores: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Others: Forklift Battery Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Forklift Battery Market Breakdown by Region, 2024 and 2031 (%)
Figure 21. North America: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 22. North America: Forklift Battery Market Breakdown, by Type (2024 and 2031)
Figure 23. North America: Forklift Battery Market Breakdown, by Capacity (2024 and 2031)
Figure 24. North America: Forklift Battery Market Breakdown, by Application (2024 and 2031)
Figure 25. North America: Forklift Battery Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 26. United States: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 27. Canada: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 28. Mexico: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 29. Europe: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 30. Europe: Forklift Battery Market Breakdown, by Type (2024 and 2031)
Figure 31. Europe: Forklift Battery Market Breakdown, by Capacity (2024 and 2031)
Figure 32. Europe: Forklift Battery Market Breakdown, by Application (2024 and 2031)
Figure 33. Europe: Forklift Battery Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 34. Germany: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 35. France: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 36. United Kingdom: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 37. Italy: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 38. Spain: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 39. Rest of Europe: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 40. Asia Pacific: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 41. Asia Pacific: Forklift Battery Market Breakdown, by Type (2024 and 2031)
Figure 42. Asia Pacific: Forklift Battery Market Breakdown, by Capacity (2024 and 2031)
Figure 43. Asia Pacific: Forklift Battery Market Breakdown, by Application (2024 and 2031)
Figure 44. Asia Pacific: Forklift Battery Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 45. China: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 46. Japan: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 47. India: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 48. South Korea: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 49. Australia: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 50. Rest of APAC: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 51. Middle East and Africa: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 52. Middle East and Africa: Forklift Battery Market Breakdown, by Type (2024 and 2031)
Figure 53. Middle East and Africa: Forklift Battery Market Breakdown, by Capacity (2024 and 2031)
Figure 54. Middle East and Africa: Forklift Battery Market Breakdown, by Application (2024 and 2031)
Figure 55. Middle East and Africa: Forklift Battery Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 56. South Africa: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 57. United Arab Emirates: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 58. Saudi Arabia: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 59. Rest of Middle East and Africa: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 60. South and Central America: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 61. South and Central America: Forklift Battery Market Breakdown, by Type (2024 and 2031)
Figure 62. South and Central America: Forklift Battery Market Breakdown, by Capacity (2024 and 2031)
Figure 63. South and Central America: Forklift Battery Market Breakdown, by Application (2024 and 2031)
Figure 64. South and Central America: Forklift Battery Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 65. Brazil: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 66. Argentina: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 67. Rest of South and Central America: Forklift Battery Market – Revenue, 2021 - 2031 (US$ Million)
Figure 68. Company Positioning and Concentration
The List of Companies - Forklift Battery Market
- Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
- Crown Equipment Corp
- Exide Industries Ltd, EnerSys
- East Penn Manufacturing Company
- Contemporary Amperex Technology Co Ltd
- TotalEnergies SE
- Amara Raja Energy & Mobility Ltd
- GS Yuasa Corp
- leoch International Technology Limited Inc
- TAB d.d.
- BSL NEW ENERGY THCHENOLOGY CO., LTD
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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