Analysts’ Viewpoint on Forklift Battery Market Scenario
Increase in preference for renewable and sustainable energy sources is driving the global forklift battery market. Industries are shifting toward electric forklifts instead of diesel-powered counterparts. Electric forklifts are widely used in manufacturing, warehousing, retail, e-commerce, and food and beverages sectors. Many companies aim to achieve Net Zero Carbon by 2050. This is further propelling the usage of electric forklifts. Electrification of forklift offers numerous benefits, including reduced fuel costs, fewer CO2 emissions, and less maintenance, regardless of the battery type. These benefits are expected to augment the global forklift battery market during the forecast period. Market players are investing in R&D of sodium-sulfur battery to develop long-duration grid-scale energy storage systems.
Electric forklifts run on a battery that serves as a power source and a counterweight to stabilize the equipment. These batteries are rechargeable and help lower CO2 emissions. Forklift battery types include lithium-ion battery, lead-acid battery, and nickel-cadmium battery. Forklift battery capacity varies from 140 Ah to 1550 Ah. Majority of warehousing operations rely on two main battery types to power their forklifts: lithium-ion batteries and lead-acid batteries. Forklift battery voltage varies from 36 volts to 48 volts. The choice of electric forklift battery depends on operation need, budget, and future planning. Lead-acid battery is cheaper to buy upfront, but may well end up costing more over five years due its maintenance. On the other hand, forklift lithium battery is costlier, but potentially more economical in the long run.
Paradigm shift toward electric forklifts is expected to drive the global forklift battery market during the forecast period. Construction, warehouse, and manufacturing industries in developing countries such as India, China, and Brazil have been growing since the last few years. These industries are increasingly adopting electric forklifts to reduce their carbon footprint. Electric forklifts produce zero emissions. This significantly minimizes their environmental impact. These forklifts can be used for indoor and outdoor applications. The zero-emission advantage of electric trucks means they do not emit fumes, making them an ideal addition to warehouses and factories.
Electric forklifts are cheaper to operate and maintain compared to fossil fuel-powered forklifts. In their lifetime, electric forklifts cost less in terms of fuel; require lower maintenance as they have fewer moving parts; need fewer fluids to replace such as engine oil, coolants, and filters; and have considerably fewer lost hours from maintenance downtime and breakdown. The plastic components of used forklift batteries can even be reused to make new battery cases.
Several international companies are planning to establish their businesses through FDI incentive schemes in emerging economies. This is anticipated to boost the number of warehouses and logistic centers that require electric forklifts for daily operations. Thus, expansion of warehouses and logistic centers is projected to fuel the forklift battery market during the forecast period.
Autonomous electric forklifts are equipped with cameras, radar systems, and AI-integrated telematics. Forklift sensors record movement and position of people or stationary objects. The data is then interpreted in the central control unit and results in a corresponding command that directs the forklift to either stop or drive around the obstacle. Adoption of AI in forklifts can help prevent workplace accidents and injuries or property damage. Forklifts can also prioritize orders themselves and thus make decisions regarding the optimal sequence and route.
Based on type, the global forklift battery market has been classified into lithium-ion battery, lead-acid battery, nickel-cadmium battery, and others. The lead-acid battery segment held major share of 62.3% of the global market in 2021. It is estimated to dominate the market during the forecast period, as lead-acid batteries are mature, durable, reliable, and well-understood source of energy. The self-discharge of lead-acid batteries is among the lowest of rechargeable battery systems.
The lithium-ion battery segment is also expected to grow significantly during the forecast period. Lithium-ion forklift battery offers integrated advantages including long lifespan, high productivity, and low maintenance. It is cost effective and energy efficient. It also has a fast-charging time, requiring just two to three hours to fully charge with no cool down period. Recharge efficiency of lithium-ion forklift batteries is greater than 98%. This results in higher energy savings and mitigates the negative impact of overheating.
In terms of voltage, the global forklift battery market has been segmented into 24 volt, 36 volt, 48 volt, 72 volt, and others. The 36 volt segment held major share of 33.4% of the global market in 2021. It is estimated to dominate the market during the forecast period, as 36 volt forklift battery is increasingly used in 3-wheel and 4-wheel forklifts for more stability on uneven ground. Adoption of 36 volt batteries is widespread in forklift brands such as Caterpillar, Mitsubishi, and BTPrimeMover.
The 24 volt segment accounted for 22.9% share of the market in 2021. It is estimated to grow at a steady pace during the forecast period. 24 volt batteries are used in forklifts that are employed in warehouses and wholesale stores.
Based on end-use, the global forklift battery market has been segregated into warehouses, wholesale stores, construction sites, manufacturing industry, and others. The warehouses segment held significant share of 30.1% of the global market in 2021. Growth of the segment can be ascribed to rapid expansion of the e-commerce sector during the COVID-19 pandemic.
Europe accounted for prominent share of 44.7% of the global forklift battery market in 2021. The market in the region is projected to grow at a significant pace during the forecast period. Germany is a major market for forklift battery in Europe. Asia Pacific is also a key market for forklift battery. The region held 31% share of the global forklift battery market in 2021.
The global forklift battery market is consolidated, with a small number of large-scale vendors that control majority of the share. Market players are investing significantly in R&D activities to enhance their market share. Key players operating in global forklift battery market are Exide Industries Ltd, East Penn Manufacturing Industry Company, Amara Raja Batteries Ltd, ENERSYS, Flux Power Holdings Inc., GS Yuasa International Ltd., Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Narada Power Source Co. Ltd., Trojan Battery Company, LLC, OneCharge, Electrovaya, Iberdrola, and Crown Equipment Corporation.
Each of these players has been profiled in the global forklift battery market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
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Attribute |
Detail |
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Market Size Value in 2021 |
US$ 22.3 Bn |
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Market Forecast Value in 2031 |
US$ 43.1 Bn |
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Growth Rate (CAGR) |
6.8% |
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Forecast Period |
2022–2031 |
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Historical Data Available for |
2020 |
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Quantitative Units |
US$ Bn for Value & Units for Volume |
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Market Analysis |
It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
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Competition Landscape |
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Format |
Electronic (PDF) + Excel |
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Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon request |
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Pricing |
Available upon request |
The forklift battery market stood at US$ 22.3 Bn in 2021
The forklift battery market is expected to grow at a CAGR of 6.8% from 2022 to 2031
Rise in adoption of electric forklifts in warehousing and manufacturing sectors and technological advancements in forklift operations are driving the market
Lead-acid battery was the largest type segment that accounted for 62.3% share of the forklift battery market in 2021
Europe was the most lucrative region of the forklift battery market in 2021
Exide Industries Ltd, East Penn Manufacturing Industry Company, Amara Raja Batteries Ltd, ENERSYS, Flux Power Holdings Inc., GS Yuasa International Ltd., Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Narada Power Source Co. Ltd, Trojan Battery Company, LLC, OneCharge, Electrovaya, Iberdrola, and Crown Equipment Corporation
1. Executive Summary
1.1. Forklift Battery Market Snapshot
1.2. Key Market Trends
1.3. Current Market and Future Potential
1.4. TMR’s Growth Opportunity Wheel
2. Market Overview
2.1. Market Segmentation
2.2. Market Trends
2.3. Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Opportunities
2.4. Porter’s Five Forces Analysis
2.5. Regulatory Analysis
2.6. Value Chain Analysis
2.6.1. List of Key Manufacturers
2.6.2. List of Suppliers/ Distributors
2.6.3. List of Potential Customers
3. COVID-19 Impact Analysis
4. Impact of Current Geopolitical Scenario
5. Production Output Analysis, 2021
6. Price Trend Analysis
7. Global Forklift Battery Market Analysis and Forecast, by Type, 2020–2031
7.1. Introduction and Definitions
7.2. Global Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
7.2.1. Lithium-ion Battery
7.2.2. Lead-acid Battery
7.2.3. Nickel-cadmium Battery
7.2.4. Others
7.3. Global Forklift Battery Market Attractiveness, by Type
8. Global Forklift Battery Market Analysis and Forecast, by Voltage, 2020–2031
8.1. Introduction and Definitions
8.2. Global Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
8.2.1. 24 Volt
8.2.2. 36 Volt
8.2.3. 48 Volt
8.2.4. 72 Volt
8.2.5. Others
8.3. Global Forklift Battery Market Attractiveness, by Voltage
9. Global Forklift Battery Market Analysis and Forecast, by End-use, 2020–2031
9.1. Introduction and Definitions
9.2. Global Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
9.2.1. Warehouses
9.2.2. Wholesale Stores
9.2.3. Construction Sites
9.2.4. Manufacturing Industry
9.2.5. Others
9.3. Global Forklift Battery Market Attractiveness, by End-use
10. Global Forklift Battery Market Analysis and Forecast, by Region, 2020–2031
10.1. Key Findings
10.2. Global Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Region, 2020–2031
10.2.1. North America
10.2.2. Europe
10.2.3. Asia Pacific
10.2.4. Middle East & Africa
10.2.5. Latin America
10.3. Global Forklift Battery Market Attractiveness, by Region
11. North America Forklift Battery Market Analysis and Forecast, 2020–2031
11.1. Key Findings
11.2. North America Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
11.3. North America Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
11.4. North America Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
11.5. North America Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Country, 2020–2031
11.5.1. U.S. Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
11.5.2. U.S. Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
11.5.3. U.S. Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
11.5.4. Canada Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
11.5.5. Canada Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
11.5.6. Canada Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
11.6. North America Forklift Battery Market Attractiveness Analysis
12. Europe Forklift Battery Market Analysis and Forecast, 2020–2031
12.1. Key Findings
12.2. Europe Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
12.3. Europe Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
12.4. Europe Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
12.5. Europe Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031
12.5.1. Germany Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
12.5.2. Germany Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
12.5.3. Germany Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
12.5.4. France Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
12.5.5. France Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
12.5.6. France Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
12.5.7. U.K. Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
12.5.8. U.K. Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
12.5.9. U.K. Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
12.5.10. Italy Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
12.5.11. Italy Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
12.5.12. Italy Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
12.5.13. Spain Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
12.5.14. Spain Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
12.5.15. Spain Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
12.5.16. Russia & CIS Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
12.5.17. Russia & CIS Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
12.5.18. Russia & CIS Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
12.5.19. Rest of Europe Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
12.5.20. Rest of Europe Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
12.5.21. Rest of Europe Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
12.6. Europe Forklift Battery Market Attractiveness Analysis
13. Asia Pacific Forklift Battery Market Analysis and Forecast, 2020–2031
13.1. Key Findings
13.2. Asia Pacific Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type
13.3. Asia Pacific Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
13.4. Asia Pacific Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
13.5. Asia Pacific Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031
13.5.1. China Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
13.5.2. China Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
13.5.3. China Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
13.5.4. Japan Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
13.5.5. Japan Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
13.5.6. Japan Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
13.5.7. India Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
13.5.8. India Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
13.5.9. India Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
13.5.10. ASEAN Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
13.5.11. ASEAN Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
13.5.12. ASEAN Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
13.5.13. Rest of Asia Pacific Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
13.5.14. Rest of Asia Pacific Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
13.5.15. Rest of Asia Pacific Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
13.6. Asia Pacific Forklift Battery Market Attractiveness Analysis
14. Latin America Forklift Battery Market Analysis and Forecast, 2020–2031
14.1. Key Findings
14.2. Latin America Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
14.3. Latin America Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
14.4. Latin America Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
14.5. Latin America Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031
14.5.1. Brazil Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
14.5.2. Brazil Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
14.5.3. Brazil Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
14.5.4. Mexico Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
14.5.5. Mexico Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
14.5.6. Mexico Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
14.5.7. Rest of Latin America Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
14.5.8. Rest of Latin America Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
14.5.9. Rest of Latin America Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
14.6. Latin America Forklift Battery Market Attractiveness Analysis
15. Middle East & Africa Forklift Battery Market Analysis and Forecast, 2020–2031
15.1. Key Findings
15.2. Middle East & Africa Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
15.3. Middle East & Africa Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
15.4. Middle East & Africa Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
15.5. Middle East & Africa Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Country and Sub-region, 2020-2031
15.5.1. GCC Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
15.5.2. GCC Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
15.5.3. GCC Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
15.5.4. South Africa Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
15.5.5. South Africa Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
15.5.6. South Africa Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
15.5.7. Rest of Middle East & Africa Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Type, 2020–2031
15.5.8. Rest of Middle East & Africa Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by Voltage, 2020–2031
15.5.9. Rest of Middle East & Africa Forklift Battery Market Volume (Units) and Value (US$ Bn) Forecast, by End-use, 2020–2031
15.6. Middle East & Africa Forklift Battery Market Attractiveness Analysis
16. Competition Landscape
16.1. Global Forklift Battery Company Market Share Analysis, 2020
16.2. Company Profiles (Details – Overview, Financials, Recent Developments, and Strategy)
16.2.1. Exide Industries Ltd
16.2.1.1. Company Description
16.2.1.2. Business Overview
16.2.1.3. Financial Overview
16.2.1.4. Strategic Overview
16.2.2. Camel Group Co., Ltd
16.2.2.1. Company Description
16.2.2.2. Business Overview
16.2.2.3. Financial Overview
16.2.2.4. Strategic Overview
16.2.3. East Penn Manufacturing Industry Company
16.2.3.1. Company Description
16.2.3.2. Business Overview
16.2.3.3. Financial Overview
16.2.3.4. Strategic Overview
16.2.4. Amara Raja Batteries Ltd.
16.2.4.1. Company Description
16.2.4.2. Business Overview
16.2.4.3. Financial Overview
16.2.4.4. Strategic Overview
16.2.5. ENERSYS
16.2.5.1. Company Description
16.2.5.2. Business Overview
16.2.5.3. Financial Overview
16.2.5.4. Strategic Overview
16.2.6. Flux Power Holdings Inc.
16.2.6.1. Company Description
16.2.6.2. Business Overview
16.2.6.3. Financial Overview
16.2.6.4. Strategic Overview
16.2.7. GS Yuasa International Ltd
16.2.7.1. Company Description
16.2.7.2. Business Overview
16.2.7.3. Financial Overview
16.2.7.4. Strategic Overview
16.2.8. Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
16.2.8.1. Company Description
16.2.8.2. Business Overview
16.2.8.3. Financial Overview
16.2.8.4. Strategic Overview
16.2.9. Narada Power Source Co. Ltd
16.2.9.1. Company Description
16.2.9.2. Business Overview
16.2.9.3. Financial Overview
16.2.9.4. Strategic Overview
16.2.10. Trojan Battery Company, LLC
16.2.10.1. Company Description
16.2.10.2. Business Overview
16.2.10.3. Financial Overview
16.2.10.4. Strategic Overview
16.2.11. OneCharge
16.2.11.1. Company Description
16.2.11.2. Business Overview
16.2.11.3. Financial Overview
16.2.11.4. Strategic Overview
16.2.12. Electrovaya
16.2.12.1. Company Description
16.2.12.2. Business Overview
16.2.12.3. Financial Overview
16.2.12.4. Strategic Overview
16.2.13. Crown Equipment Corporation
16.2.13.1. Company Description
16.2.13.2. Business Overview
16.2.13.3. Financial Overview
16.2.13.4. Strategic Overview
17. Primary Research: Key Insights
18. Appendix
List of Tables
Table 1: Global Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 2: Global Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 3: Global Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 4: Global Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 5: Global Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 6: Global Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 7: Global Forklift Battery Market Volume (Units) Forecast, by Region, 2020–2031
Table 8: Global Forklift Battery Market Value (US$ Bn) Forecast, by Region, 2020–2031
Table 9: North America Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 10: North America Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 11: North America Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 12: North America Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 13: North America Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 14: North America Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 15: North America Forklift Battery Market Volume (Units) Forecast, by Country, 2020–2031
Table 16: North America Forklift Battery Market Value (US$ Bn) Forecast, by Country, 2020–2031
Table 17: U.S. Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 18: U.S. Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 19: U.S. Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 20: U.S. Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 21: U.S. Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 22: U.S. Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 23: Canada Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 24: Canada Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 25: Canada Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 26: Canada Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 27: Canada Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 28: Canada Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 29: Europe Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 30: Europe Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 31: Europe Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 32: Europe Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 33: Europe Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 34: Europe Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 35: Europe Forklift Battery Market Volume (Units) Forecast, by Country and Sub-region, 2020–2031
Table 36: Europe Forklift Battery Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020–2031
Table 37: Germany Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 38: Germany Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 39: Germany Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 40: Germany Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 41: Germany Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 42: Germany Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 43: France Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 44: France Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 45: France Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 46: France Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 47: France Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 48: France Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 49: U.K. Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 50: U.K. Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 51: U.K. Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 52: U.K. Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 53: U.K. Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 54: U.K. Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 55: Italy Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 56: Italy Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 57: Italy Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 58: Italy Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 59: Italy Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 60: Italy Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 61: Spain Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 62: Spain Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 63: Spain Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 64: Spain Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 65: Spain Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 66: Spain Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 67: Russia & CIS Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 68: Russia & CIS Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 69: Russia & CIS Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 70: Russia & CIS Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 71: Russia & CIS Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 72: Russia & CIS Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 73: Rest of Europe Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 74: Rest of Europe Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 75: Rest of Europe Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 76: Rest of Europe Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 77: Rest of Europe Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 78: Rest of Europe Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 79: Asia Pacific Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 80: Asia Pacific Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 81: Asia Pacific Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 82: Asia Pacific Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 83: Asia Pacific Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 84: Asia Pacific Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 85: Asia Pacific Forklift Battery Market Volume (Units) Forecast, by Country and Sub-region, 2020–2031
Table 86: Asia Pacific Forklift Battery Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020–2031
Table 87: China Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 88: China Forklift Battery Market Value (US$ Bn) Forecast, by Type 2020–2031
Table 89: China Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 90: China Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 91: China Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 92: China Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 93: Japan Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 94: Japan Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 95: Japan Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 96: Japan Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 97: Japan Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 98: Japan Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 99: India Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 100: India Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 101: India Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 102: India Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 103: India Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 104: India Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 105: India Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 106: India Forklift Battery Market Value (US$ Bn) Forecast, by End-use 2020–2031
Table 107: ASEAN Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 108: ASEAN Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 109: ASEAN Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 110: ASEAN Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 111: ASEAN Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 112: ASEAN Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 113: Rest of Asia Pacific Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 114: Rest of Asia Pacific Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 115: Rest of Asia Pacific Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 116: Rest of Asia Pacific Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 117: Rest of Asia Pacific Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 118: Rest of Asia Pacific Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 119: Latin America Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 120: Latin America Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 121: Latin America Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 122: Latin America Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 123: Latin America Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 124: Latin America Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 125: Latin America Forklift Battery Market Volume (Units) Forecast, by Country and Sub-region, 2020–2031
Table 126: Latin America Forklift Battery Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020–2031
Table 127: Brazil Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 128: Brazil Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 129: Brazil Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 130: Brazil Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 131: Brazil Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 132: Brazil Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 133: Mexico Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 134: Mexico Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 135: Mexico Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 136: Mexico Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 137: Mexico Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 138: Mexico Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 139: Rest of Latin America Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 140: Rest of Latin America Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 141: Rest of Latin America Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 142: Rest of Latin America Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 143: Rest of Latin America Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 144: Rest of Latin America Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 145: Middle East & Africa Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 146: Middle East & Africa Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 147: Middle East & Africa Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 148: Middle East & Africa Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 149: Middle East & Africa Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 150: Middle East & Africa Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 151: Middle East & Africa Forklift Battery Market Volume (Units) Forecast, by Country and Sub-region, 2020–2031
Table 152: Middle East & Africa Forklift Battery Market Value (US$ Bn) Forecast, by Country and Sub-region, 2020–2031
Table 153: GCC Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 154: GCC Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 155: GCC Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 156: GCC Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 157: GCC Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 158: GCC Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 159: South Africa Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 160: South Africa Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 161: South Africa Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 162: South Africa Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 163: South Africa Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 164: South Africa Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
Table 165: Rest of Middle East & Africa Forklift Battery Market Volume (Units) Forecast, by Type, 2020–2031
Table 166: Rest of Middle East & Africa Forklift Battery Market Value (US$ Bn) Forecast, by Type, 2020–2031
Table 167: Rest of Middle East & Africa Forklift Battery Market Volume (Units) Forecast, by Voltage, 2020–2031
Table 168: Rest of Middle East & Africa Forklift Battery Market Value (US$ Bn) Forecast, by Voltage, 2020–2031
Table 169: Rest of Middle East & Africa Forklift Battery Market Volume (Units) Forecast, by End-use, 2020–2031
Table 170: Rest of Middle East & Africa Forklift Battery Market Value (US$ Bn) Forecast, by End-use, 2020–2031
List of Figures
Figure 1: Global Forklift Battery Market Volume Share Analysis, by Type, 2020, 2025, and 2031
Figure 2: Global Forklift Battery Market Attractiveness, by Type
Figure 3: Global Forklift Battery Market Volume Share Analysis, by Voltage, 2020, 2025, and 2031
Figure 4: Global Forklift Battery Market Attractiveness, by Voltage
Figure 5: Global Forklift Battery Market Volume Share Analysis, by End-use, 2020, 2025, and 2031
Figure 6: Global Forklift Battery Market Attractiveness, by End-use
Figure 7: Global Forklift Battery Market Volume Share Analysis, by Region, 2020, 2025, and 2031
Figure 8: Global Forklift Battery Market Attractiveness, by Region
Figure 9: North America Forklift Battery Market Volume Share Analysis, by Type, 2020, 2025, and 2031
Figure 10: North America Forklift Battery Market Attractiveness, by Type
Figure 11: North America Forklift Battery Market Volume Share Analysis, by Voltage, 2020, 2025, and 2031
Figure 12: North America Forklift Battery Market Attractiveness, by Voltage
Figure 13: North America Forklift Battery Market Volume Share Analysis, by End-use, 2020, 2025, and 2031
Figure 14: North America Forklift Battery Market Attractiveness, by End-use
Figure 15: North America Forklift Battery Market Attractiveness, by Country
Figure 16: Europe Forklift Battery Market Volume Share Analysis, by Type, 2020, 2025, and 2031
Figure 17: Europe Forklift Battery Market Attractiveness, by Type
Figure 18: Europe Forklift Battery Market Volume Share Analysis, by Voltage, 2020, 2025, and 2031
Figure 19: Europe Forklift Battery Market Attractiveness, by Voltage
Figure 20: Europe Forklift Battery Market Volume Share Analysis, by End-use, 2020, 2025, and 2031
Figure 21: Europe Forklift Battery Market Attractiveness, by End-use
Figure 22: Europe Forklift Battery Market Volume Share Analysis, by Country and Sub-region, 2020, 2025, and 2031
Figure 23: Europe Forklift Battery Market Attractiveness, by Country and Sub-region
Figure 24: Asia Pacific Forklift Battery Market Volume Share Analysis, by Type, 2020, 2025, and 2031
Figure 25: Asia Pacific Forklift Battery Market Attractiveness, by Type
Figure 26: Asia Pacific Forklift Battery Market Volume Share Analysis, by Voltage, 2020, 2025, and 2031
Figure 27: Asia Pacific Forklift Battery Market Attractiveness, by Voltage
Figure 28: Asia Pacific Forklift Battery Market Volume Share Analysis, by End-use, 2020, 2025, and 2031
Figure 29: Asia Pacific Forklift Battery Market Attractiveness, by End-use
Figure 30: Asia Pacific Forklift Battery Market Volume Share Analysis, by Country and Sub-region, 2020, 2025, and 2031
Figure 31: Asia Pacific Forklift Battery Market Attractiveness, by Country and Sub-region
Figure 32: Latin America Forklift Battery Market Volume Share Analysis, by Type, 2020, 2025, and 2031
Figure 33: Latin America Forklift Battery Market Attractiveness, by Type
Figure 34: Latin America Forklift Battery Market Volume Share Analysis, by Voltage, 2020, 2025, and 2031
Figure 35: Latin America Forklift Battery Market Attractiveness, by Voltage
Figure 36: Latin America Forklift Battery Market Volume Share Analysis, by End-use, 2020, 2025, and 2031
Figure 37: Latin America Forklift Battery Market Attractiveness, by End-use
Figure 38: Latin America Forklift Battery Market Volume Share Analysis, by Country and Sub-region, 2020, 2025, and 2031
Figure 39: Latin America Forklift Battery Market Attractiveness, by Country and Sub-region
Figure 40: Middle East & Africa Forklift Battery Market Volume Share Analysis, by Type, 2020, 2025, and 2031
Figure 41: Middle East & Africa Forklift Battery Market Attractiveness, by Type
Figure 42: Middle East & Africa Forklift Battery Market Volume Share Analysis, by Voltage, 2020, 2025, and 2031
Figure 43: Middle East & Africa Forklift Battery Market Attractiveness, by Voltage
Figure 44: Middle East & Africa Forklift Battery Market Volume Share Analysis, by End-use, 2020, 2025, and 2031
Figure 45: Middle East & Africa Forklift Battery Market Attractiveness, by End-use
Figure 46: Middle East & Africa Forklift Battery Market Volume Share Analysis, by Country and Sub-region, 2020, 2025, and 2031
Figure 47: Middle East & Africa Forklift Battery Market Attractiveness, by Country and Sub-region
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Forklift Battery Market
