Allied Market Research

2025

Electric Forklift Batteries Market

Electric Forklift Batteries Market Size, Share, Competitive Landscape and Trend Analysis Report, by Battery Type (Lithium-ion, Lead Acid, Nickel-Metal Hydride (Ni-MH), Others), by Voltage (24V, 36V, 48V, 72V, Others), by Application (Warehouse and Distribution, Manufacturing, Food and Beverage, Retail, Others), by End-user (Automotive, Construction, Agriculture, Mining, Others) and, by Sales Channel (OEM, Aftermarket): Opportunity Analysis and Industry Forecast, 2024-2033

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Author's: | Eswara Prasad
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Key Benefits

  • The Electric forklift batteries market study provides in-depth analysis pertaining to the global market size & forecast, segmental analysis, country level outlook, market opportunities, drivers, and key trends.

  • The Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies. Below mentioned pointers are included under this section:

    • Threat of new entrants

    • Threat of substitutes

    • Bargaining power of suppliers

    • Bargaining power of consumers

    • Competitive rivalry among key players

  • A comprehensive analysis of the factors that drive and restrict the growth of the global Electric forklift batteries market is provided in the report.

  • The global Electric forklift batteries market report offers qualitative and quantitative analysis for 2024 to 2033 years. Qualitative analysis includes value chain analysis, key regulations, patent analysis, and pain point analysis.

    • Value chain analysis: AMR offers a detailed analysis on all the stages along with the key stakeholders operating in that respective stage in addition to their strategic moves and their impact on the market.

    • Key regulations: AMR provides key regulations and standards for the industries. This section lists, not exhaustively, some of the regulatory documents of product type.

    • Pain points analysis: The report includes the details about the challenges faced by major stakeholders operating in all stages of the value chain in addition to the strategic decisions taken by other players to overcome them.

Competition Analysis

Key companies identified in the report are East Penn Manufacturing Co., Johnson Controls International plc, Exide Technologies, Crown Equipment Corporation, EnerSys, GS Yuasa Corporation, Panasonic Corporation, BYD Co. Ltd., The Raymond Corporation, Flux Power Holdings, Inc.

The report offers top 10 company profiles (not limited to 10) and their market share analysis. Company profiles include detailed information related to market share, key developments, company description, and financial details. Furthermore, company profiles section includes the data related to the company’s product/services and brand names.

Key Classification and Analysis of the Market

The global Electric forklift batteries market has been segmented into by battery type, by voltage, by application, by end-user, by sales channel. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key segmental analysis is provided in both quantitative and qualitative terms. This will help to assess current addressable market along with untapped growth opportunities. by battery type, by voltage, by application, by end-user, by sales channel are the key segments covered under this section.

Electric Forklift Batteries Market Report Highlights

Aspects Details
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By Battery Type
  • Lithium-ion
  • Lead Acid
  • Nickel-Metal Hydride (Ni-MH)
  • Others
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By Voltage
  • 24V
  • 36V
  • 48V
  • 72V
  • Others
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By Application
  • Warehouse and Distribution
  • Manufacturing
  • Food and Beverage
  • Retail
  • Others
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By End-user
  • Automotive
  • Construction
  • Agriculture
  • Mining
  • Others
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By Sales Channel
  • OEM
  • Aftermarket
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

BYD Co. Ltd., East Penn Manufacturing Co., GS Yuasa Corporation, Exide Technologies, Panasonic Corporation, EnerSys, Flux Power Holdings, Crown Equipment Corporation, The Raymond Corporation, Johnson Controls International plc

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Electric Forklift Batteries Market

Opportunity Analysis and Industry Forecast, 2024-2033