Forklift Battery Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2024-32
                     Global Forklift Battery 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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las t ing resul ts .
Accord ing  to  the  la tes t  repor t  by  IMARC Group,  t i t l ed  "Fork l i f t  Bat tery  Market :  
G loba l  I ndust ry  T rends ,  Share ,  S ize ,  Grow th ,  Opportun i ty  and  Forecast  2024-
2032, "  t he  g loba l  f o rk l i f t  ba t t e r y  marke t  s i ze  reached  US$ 4 . 9  B i l l i on  i n  2023.
A  fo rk l i f t  ba t t e ry ,  o f t en  made o f  l ead -ac id  o r  l i t h ium- ion ,  i s  a  power  sou rce  
Report spec i f i ca l l y  des igned  to  r un  fo rk l i f t s  and  o t he r  e lec t r i c  indus t r ia l  veh ic l es .  The pr inc ipa l  ro le  o f  t hese  ba t t e r ies  i s  t o  supp ly  t he  necessa ry  energy  t o  r un  the  
veh ic l e ' s  mo to r ,  l i f t ,  and  o the r  opera t iona l  f unc t ions .  
Highlight and A typ i ca l  f o r k l i f t  ba t t e r y  i s  r echargeab le  and  bu i l t  t o  endure  r igo rous  use  ove r  
severa l  yea rs .  Lead-ac id  ba t t e r ies  a re  t r ad i t i ona l l y  used  due  t o  the i r  r obus t ness  
Description and  cos t -e f fec t i veness ,  bu t  l i t h ium- ion  ba t te r ies  a re  g row ing  in  popu la r i t y  because  o f  t he i r  super io r  ene rgy  e f f i c iency ,  l onger  l i f espan,  and  f as te r  cha rg ing  
t imes .  They  a lso  requ i re  l ess  ma in tenance ,  mak ing  t hem inc reas ing ly  f avo red  i n  
app l i ca t ions  requ i r ing  h igh  up t im e and produc t i v i t y .
Request  fo r  a  PDF sample  o f  th is  repor t :  
ht tps : / / www. imarcgroup .com/ f o rk l i f t -ba t te r y -m arke t / reques t samp le
Report Description
G lo b a l  F o r k l i f t  B a t t e r y  M a r k e t  T r e n d s :
T h e  i n c r e a s i n g  n e e d  f o r  e f f i c i e n t  w a r e h o u s e  m a n a g e m e n t  s y s t e m s  a n d  m a t e r i a l  h a n d l i n g  e q u i p m e n t  i n  v a r i o u s  i n d u s t r i e s ,  s u c h  a s  
a u t o m o t i v e ,  e - c o m m e r c e ,  f o o d  &  b e v e r a g e s  ( F & B ) ,  a n d  c o n s t r u c t i o n ,  i s  p r o p e l l i n g  t h e  d e m a n d  f o r  f o r k l i f t  b a t t e r i e s .  B e s i d e s  t h i s ,  
s i g n i f i c a n t  a d v a n c e m e n t s  i n  b a t t e r y  t e c h n o l o g y  a n d  t h e  p u s h  t o w a r d  s u s t a i n a b i l i t y  h a v e  l e d  t o  t h e  i n c r e a s e d  a d o p t i o n  o f  e l e c t r i c  
a n d  h y b r i d  f o r k l i f t s ,  w h i c h  r e l y  o n  b a t t e r i e s  f o r  o p e r a t i o n ,  t h u s  c r e a t i n g  a  p o s i t i v e  o u t l o o k  f o r  m a r k e t  e x p a n s i o n .  M o r e o v e r ,  t h e  
r i s i n g  p o p u l a r i t y  o f  b a t t e r y  t e c h n o l o g i e s ,  s u c h  a s  l i t h i u m - i o n ,  d u e  t o  t h e i r  l o n g  l i f e  c y c l e ,  h i g h  e n e r g y  d e n s i t y ,  a n d  f a s t  c h a r g i n g  
c a p a b i l i t y  i s  a i d i n g  i n  m a r k e t  e x p a n s i o n .  I n  a d d i t i o n  t o  t h i s ,  t h e  i m p l e m e n t a t i o n  o f  i n c r e a s i n g l y  s t r i n g e n t  e n v i r o n m e n t a l  
r e g u l a t i o n s  i s  e n c o u r a g i n g  t h e  s h i f t  f r o m  i n t e r n a l  c o m b u s t i o n  e n g i n e  f o r k l i f t s  t o  e l e c t r i c  f o r k l i f t s ,  w h i c h ,  i n  t u r n ,  i s  b o l s t e r i n g  t h e  
d e m a n d  f o r  f o r k l i f t  b a t t e r i e s .  F u r t h e r m o r e ,  t h e  r i s e  i n  a u to m a t i o n  a n d  t h e  a d v e n t  o f  I n d u s t r y  4 .0  h a s  f a c i l i t a t e d  t h e  n e e d  f o r  m o r e  
e f f i c i e n t ,  d u r a b l e ,  a n d  f a s t - c h a r g i n g  p o w e r  s o l u t i o n s ,  c o n t r i b u t i n g  t o  t h e  ma r k e t ' s  g r o w t h .  C o n c u r r e n t  w i t h  t h i s ,  o n g o i n g  
t e c h n o l o g i c a l  a d v a n c e m e n ts ,  s u c h  a s  t h e  i n t e g r a t i o n  o f  t h e  I n t e r n e t  o f  T h i n g s  ( I o T )  a n d  a r t i f i c i a l  i n t e l l i g e n c e  ( A I )  i n  f o r k l i f t s  t o  
i n c r e a s e  o p e r a t i o n a l  e f f i c i e n c y ,  i s  c r e a t i n g  a n  u p s u r g e  i n  t h e  f o r k l i f t  b a t t e r y  m a r k e t .
L o o k in g  f o r w a r d ,  t h e  m a r k e t  v a lu e  i s  p r o j e c t e d  t o  r e a c h  U S $  7 . 7  B i l l i o n  b y  2 0 3 2 ,  e x p a n d in g  a t  a  C A G R  o f  4 . 9 %  d u r in g  2 0 2 4 -
2 0 3 2 .
V ie w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / f o r k l i f t - b a t t e r y - m a r k e t
Breakup by Type:
• Lithium-ion Battery
• Lead–Acid Battery
• Others
 
Breakup by Sales Channel:
• OEM
Report 
• Aftermarket
Segmentation
Breakup by Application:
• Warehouses
• Manufacturing
• Construction
• Retai l  and Wholesale Stores
• Others
Breakup by Region:
• North America
• Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
Report 
Segmentation
• Accumulatorenwerke HOPPECKE Carl  
Zoel lner & Sohn GmbH
• Amara Raja Batteries Ltd.
• Camel Group Co. Ltd.
• Crown Equipment Corporat ion
Competitive 
• East Penn Manufacturing Company
Landscape • Enersys
with Key • Exide Industr ies Limited
• Flux Power
Players
• Microtex Energy Private Limited
• Northland Industr ia l  Truck Co. Inc. (Alta 
Enterprises LLC)
• Storage Battery Systems LLC
• Systems Sunlight S.A.
What was the size of the global forklift battery market 
in 2023?
What is the expected growth rate of the global forklift 
battery market during 2024-2032?
What are the key factors driving the global forklift 
Key battery market?
Questions What has been the impact of COVID-19 on the global forklift battery market?
Answered in 
What is the breakup of the global forklift battery 
the Report market based on the type?
What is the breakup of the global forklift battery 
market based on the application?
What are the key regions in the global forklift battery 
market?
Who are the key players/companies in the global forklift 
battery market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  F o r k l i f t  B a t t e r y  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  T y p e
    6 . 1     L i t h i u m - i o n  B a t t e r y
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     L e a d – A c i d  B a t t e r y
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     O t h e r s
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  S a l e s  C h a n n e l
       
    7 . 1     O E M
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     A f t e r m a r k e t
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  A p p l i c a t i o n
    8 . 1     W a r e h o u s e s
        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
    8 . 2     M a n u f a c t u r i n g
        8 . 2 . 1  M a r k e t  T r e n d s
Table of         8 . 2 . 2  M a r k e t  F o r e c a s t
    8 . 3     C o n s t r u c t i o n
        8 . 3 . 1  M a r k e t  T r e n d s
Contents         8 . 3 . 2  M a r k e t  F o r e c a s t    8 . 4     R e t a i l  a n d  W h o l e s a l e  S t o r e s
        8 . 4 . 1  M a r k e t  T r e n d s
        8 . 4 . 2  M a r k e t  F o r e c a s t
    8 . 5     O t h e r s
        8 . 5 . 1  M a r k e t  T r e n d s
        8 . 5 . 2  M a r k e t  F o r e c a s t
9    M a r k e t  B r e a k u p  b y  R e g i o n
    9 . 1     N o r t h  A m e r i c a
        9 . 1 . 1  U n i t e d  S t a t e s
           9 . 1 . 1 . 1  M a r k e t  T r e n d s
           9 . 1 . 1 . 2  M a r k e t  F o r e c a s t
        9 . 1 . 2  C a n a d a
           9 . 1 . 2 . 1  M a r k e t  T r e n d s
           9 . 1 . 2 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / f o r k l i f t - b a t t e r y - m a r ke t / t o c
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