The global Forklift Battery market size is projected to reach USD 2.6 billion by 2029

Forklift Battery Market Summary

According to the new market research report “Global Forklift Battery Market Report 2023-2029”, published by GlobalInfoResearch, the global Forklift Battery market size is projected to reach USD 2.6 billion by 2029, at a CAGR of 4.0% during the forecast period.

• Global Forklift Battery MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Forklift Battery Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(published in 2023). If you need the latest data, plaese contact GlobalInfoResearch.

The forklift battery is a battery for powering electric forklifts. It is mainly divided into lead-acid batteries and lithium-ion batteries. At present, lead-acid batteries occupy a large market share, but with the maturity of lithium-ion battery technology, the future development of lithium-ion batteries better. A forklift battery actually has two functions:The first function is to provide a power source to the forklift.The second, and lesser known function, is to provide mass as a counterweight, which aids the forklift’s lifting capacity.

In this report: VAh calculated by V*Ah. Such as：100 sets 12V100Ah battery, the conversion result as the following: 12V*100Ah*100=120000VAh=120KVAh, also 1 M VAh=1000 KVAh.

• Global Forklift Battery Top10Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)

Source: GlobalInfoResearch, “Global Forklift Battery Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(published in 2023). If you need the latest data, plaese contact GlobalInfoResearch.

According to GlobalInfoResearch Top Players Research Center, the global key manufacturers of Forklift Battery include EnerSys, Hitachi Chemical, etc. In 2022, the global top three players had a share approximately 55.0% in terms of revenue.

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