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Forklift Battery Market Share

Report ID: GMI6119
Published Date: Jun 2023
Report Format: PDF

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Forklift Battery Market Share

Some of the major players operating in the forklift battery business landscape are

BYD
Crown Equipment
East Penn Manufacturing
Electrovaya
Enersys
Exide Industries
Flux Power Holdings
GB Industrial Battery

These players are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are heavily investing in research to introduce innovative products and garner the maximum market revenue.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of forklift battery reached USD 5 Billion in 2022 and will register over 6.5% CAGR during 2023 to 2032, owing to the growing demand for electric forklifts for cleaner & more sustainable operations.

The manufacturing segment crossed around USD 1.7 billion revenue of the forklift battery industry in 2022, due to extensive product usage for these facilities for various material handling tasks.

Asia Pacific forklift battery industry accounted for around 35% share in 2022 as the region has a significant industrial & warehousing sector with numerous manufacturing plants, distribution centers, and warehouses.

BYD, Crown Equipment, East Penn Manufacturing, Electrovaya, Enersys, Exide Industries, Flux Power Holdings, and GB Industrial Battery.