Forklift Battery Market Players:
- Crown Equipment Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- East Penn Manufacturing Company
- Enersys
- Amara Raja Batteries Ltd.
- Exide Industries Limited
- Storage Battery Systems, LLC
- Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
- Flux Power Holdings Inc.
- Narada Power Source Co. Ltd.
- Trojan Battery Co. LLC
The forklift battery market is highly competitive with major players following innovation, strategic alliances, and expansion to consolidate their market share. Key market players in the market are Exide Industries Limited, Storage Battery Systems, LLC, Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Crown Equipment Corporation, East Penn Manufacturing Company, Enersys, Amara Raja Batteries Ltd., Flux Power Holdings Inc., Narada Power Source Co. Ltd., and Trojan Battery Co. LLC.
The players in the industry are investing in research and development to launch next-generation battery technologies and meet the changing demands of other industries. In September 2025, EnerSys was awarded a USD 199 million contract to build a state-of-the-art gigafactory of lithium-ion cells to supply batteries to electric forklifts and other industrial users. Such massive investments reflect the competitive forklift battery market scenario and the focus on technological upgrades. Organizations also aim to expand their footprint in the global market through mergers and acquisitions and alliances to gain market leverage.
Here are some leading players in the forklift battery market:
