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Forklift Battery Market Analysis

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Report ID: 2749
Published Date: Oct 18, 2024
Report Format: PDF, PPT

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Forklift Battery Market Analysis

The forklift battery market is segmented by type into lead acid, lithium ion (Li-ion) and others, out of which, the lead acid segment is anticipated to hold the largest market share in the market on account of its broad usage in most end-use industries. The lead-acid battery provides an efficient and highly preferable combination of power and counterbalance.

Our in-depth analysis of the global market includes the following segments:

By Type	Lead acid Li-Ion Others
By Application	Warehouses Manufacturing Construction Retail & Wholesale Stores Others

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Browse Key Market Insights with Data Illustration:

Forklift Battery Market Size & Share, Growth Forecast 2036

Author Credits: Dhruv Bhatia

Report ID: 2749
Published Date: Oct 18, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of forklift battery is assessed at USD 6.49 billion.

Forklift Battery Market size was valued at USD 6.18 billion in 2023 and is expected to reach USD 13.67 billion by 2036, expanding at around 6.3% CAGR during the forecast period i.e., between 2024-2036.

Europe industry is expected to hold largest revenue share by 2036, on account of increasing number of construction projects in the region.

The major players in the market are East Penn Manufacturing Company, Chloride Batteries, NITCO, SAFT Batteries, EnerSys, Crown Equipment Corporation, Microtex Energy Pvt. Limited, Navitas System, LLC Corporate, Southwest Battery Company, and others.

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