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Global Batteries for Forklift Market Growth 2025-2031
Nov 2025
Semiconductor and Electronics
Pages: 115
LPI36496
The global Batteries for Forklift market size is predicted to grow from US$ 2231 million in 2025 to US$ 2780 million in 2031; it is expected to grow at a CAGR of 3.7% from 2025 to 2031.
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The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
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 forklifts 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.
Infinity Market Research newest research report, the Batteries for Forklift Industry Forecast looks at past sales and reviews total world Batteries for Forklift sales in 2024, providing a comprehensive analysis by region and market sector of projected Batteries for Forklift sales for 2025 through 2031. With Batteries for Forklift sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Batteries for Forklift industry.
This Insight Report provides a comprehensive analysis of the global Batteries for Forklift landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Batteries for Forklift portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global Batteries for Forklift market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Batteries for Forklift and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Batteries for Forklift.
This report presents a comprehensive overview, market shares, and growth opportunities of Batteries for Forklift market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Lead-Acid Batteries
Nickel-Based Batteries
Lithium-Based Batteries
Segmentation by Application:
Mechanical
Automotive
Food and Beverage
Logistics
Chemical
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the companys coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Batteries for Forklift market?
What factors are driving Batteries for Forklift market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Batteries for Forklift market opportunities vary by end market size?
How does Batteries for Forklift break out by Type, by Application?
Batteries for Forklift Market Scope
| Report Attribute | Details |
|---|---|
| Market Size (Start Year) | USD XX Million |
| Market Size (End Year) | USD XX Million |
| Compound Annual Growth Rate (CAGR) | USD XX Million |
| Forecast Period | USD XX Million |
| Base Year | USD XX Million |
| Historical Data | USD XX Million |
| Key Players | USD XX Million |
REPORT COVERAGE
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
SEGMENT COVERED
By component, deployment, organization size, application, and industry.
REGIONAL SCOPE
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
COUNTRY SCOPE
Includes key countries across all major regions.
📘 Frequently Asked Questions
1. What is the market size of Global Batteries for Forklift Market?
Answer: The global Batteries for Forklift market size is predicted to grow from US$ 2231 million in 2025 to US$ 2780 million in 2031; it is expected to grow at a CAGR of 3.7% from 2025 to 2031.
2. Which regions are analyzed in the Global Batteries for Forklift Market report?
Answer: The Global Batteries for Forklift Market report covers major regions such as Europe, Middle East & Africa. Each region is analyzed for trends, opportunities, and market dynamics.
3. What methodology is used for forecasting of Global Batteries for Forklift Market?
Answer: The Global Batteries for Forklift Market report uses a mix of primary research, secondary data, and expert analysis to build its forecasts. Models include both qualitative and quantitative approaches.
4. Are emerging markets analyzed separately in the Global Batteries for Forklift Market?
Answer: Yes, the Global Batteries for Forklift Market report highlights high-growth emerging regions with dedicated insights. These include untapped opportunities, risks, and potential for expansion.
5. Does the report include competitive benchmarking of Global Batteries for Forklift Market?
Answer: Yes, Global Batteries for Forklift Market report compares major players based on revenue, product portfolio, innovation, and regional presence. This helps assess competitive positioning.
6. Can I access country-level data within the Global Batteries for Forklift Market report?
Answer: Yes, Global Batteries for Forklift Market report includes detailed data by country, especially for key markets. This allows for localized insights and decision-making.
7. Can I get customized insights or data from the Global Batteries for Forklift Market report?
Answer: Yes, we offer customization options to align with your specific business needs. You can request tailored sections or regional breakdowns.
🔐 Secure Payment Guaranteed
Safe checkout with trusted global payment methods.
🌟 Why Choose Infinity Market Research?
At Infinity Market Research, we dont just deliver data — we deliver clarity, confidence, and competitive edge.
In a world driven by insights, we help businesses unlock the infinite potential of informed decisions.
Here why global brands, startups, and decision-makers choose us:
Industry-Centric Expertise
With deep domain knowledge across sectors — from healthcare and technology to manufacturing and consumer goods — our team delivers insights that matter.
Custom Research, Not Cookie-Cutter Reports
Every business is unique, and so are its challenges. Thats why we tailor our research to your specific goals, offering solutions that are actionable, relevant, and reliable.
Data You Can Trust
Our research methodology is rigorous, transparent, and validated at every step. We believe in delivering not just numbers, but numbers that drive real impact.
Client-Centric Approach
Your success is our priority. From first contact to final delivery, our team is responsive, collaborative, and committed to your goals — because you re more than a client; you re a partner.
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