Selected research
Industry Growth & Trends
Global Industrial Truck Battery Industry Growth and Trends Forecast to 2032
Market perspective
The global Industrial Truck Battery market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
The North America market for Industrial Truck Battery is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026-2032.
The Europe market for Industrial Truck Battery is projected to increase from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for Industrial Truck Battery is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of Industrial Truck Battery include Navico Group, Hollingsworth & Vose, OneCharge, East Penn Manufacturing Company, Johnson Controls, Inc., SAFT America, Inc., Flux Power, Exponential Power and Hawker Powersource, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report provides a structured, data-driven view of the global Industrial Truck Battery market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Industrial Truck Battery market size, estimates, and forecasts are presented in terms of sales volume (k units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Industrial Truck Battery market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Industrial Truck Battery.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Industrial Truck Battery market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Industrial Truck Battery Market by Company
Navico Group
Hollingsworth & Vose
OneCharge
East Penn Manufacturing Company
Johnson Controls, Inc.
SAFT America, Inc.
Flux Power
Exponential Power
Hawker Powersource
Superior Battery Manufacturing Company Inc.
Materials Transportation Co.
IOTA Engineering LLC
Motor Appliance Corp.
Midtronics, Inc.
Hoppecke Batteries, Inc.
Industrial Truck Battery Segment by Type
Lead-acid Batteries
Lithium-ion Batteries
Nickel-cadmium Batteries
Nickel-metal Hydride Batteries
Fuel Cell Batteries
Industrial Truck Battery Segment by Application
Material Handling
Warehousing
Manufacturing
Distribution Centers
Retail
Industrial Truck Battery Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Industrial Truck Battery market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Industrial Truck Battery and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Industrial Truck Battery.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Industrial Truck Battery manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Industrial Truck Battery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Lead-acid Batteries
- Lithium-ion Batteries
- Nickel-cadmium Batteries
- Nickel-metal Hydride Batteries
- Fuel Cell Batteries
Applications
- Material Handling
- Warehousing
- Manufacturing
- Distribution Centers
- Retail
Companies covered
- Navico Group
- Hollingsworth & Vose
- OneCharge
- East Penn Manufacturing Company
- Johnson Controls, Inc.
- SAFT America, Inc.
- Flux Power
- Exponential Power
- Hawker Powersource
- Superior Battery Manufacturing Company Inc.
- Materials Transportation Co.
- IOTA Engineering LLC
- Motor Appliance Corp.
- Midtronics, Inc.
- Hoppecke Batteries, Inc.
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Industrial Truck Battery Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Industrial Truck Battery Sales Estimates and Forecasts (2021-2032)
- 1.3 Industrial Truck Battery Market by Type
- 1.3.1 Lead-acid Batteries
- 1.3.2 Lithium-ion Batteries
- 1.3.3 Nickel-cadmium Batteries
- 1.3.4 Nickel-metal Hydride Batteries
- 1.3.5 Fuel Cell Batteries
- 1.4 Global Industrial Truck Battery Market Size by Type
- 1.4.1 Global Industrial Truck Battery Market Size Overview by Type (2021-2032)
- 1.4.2 Global Industrial Truck Battery Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Industrial Truck Battery Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Industrial Truck Battery Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Industrial Truck Battery Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Industrial Truck Battery Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Industrial Truck Battery Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Industrial Truck Battery Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Industrial Truck Battery Industry Trends
- 2.2 Industrial Truck Battery Industry Drivers
- 2.3 Industrial Truck Battery Industry Opportunities and Challenges
- 2.4 Industrial Truck Battery Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Industrial Truck Battery Revenue (2021-2026)
- 3.2 Global Top Players by Industrial Truck Battery Sales (2021-2026)
- 3.3 Global Top Players by Industrial Truck Battery Price (2021-2026)
- 3.4 Global Industrial Truck Battery Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Industrial Truck Battery Major Company Production Sites & Headquarters
- 3.6 Global Industrial Truck Battery Company, Product Type & Application
- 3.7 Global Industrial Truck Battery Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Industrial Truck Battery Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Industrial Truck Battery Players Market Share by Revenue in 2025
- 3.8.3 2025 Industrial Truck Battery Tier 1, Tier 2, and Tier 3
4 Industrial Truck Battery Regional Status and Outlook
- 4.1 Global Industrial Truck Battery Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Industrial Truck Battery Historic Market Size by Region
- 4.2.1 Global Industrial Truck Battery Sales in Volume by Region (2021-2026)
- 4.2.2 Global Industrial Truck Battery Sales in Value by Region (2021-2026)
- 4.2.3 Global Industrial Truck Battery Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Industrial Truck Battery Forecasted Market Size by Region
- 4.3.1 Global Industrial Truck Battery Sales in Volume by Region (2027-2032)
- 4.3.2 Global Industrial Truck Battery Sales in Value by Region (2027-2032)
- 4.3.3 Global Industrial Truck Battery Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Industrial Truck Battery by Application
- 5.1 Industrial Truck Battery Market by Application
- 5.1.1 Material Handling
- 5.1.2 Warehousing
- 5.1.3 Manufacturing
- 5.1.4 Distribution Centers
- 5.1.5 Retail
- 5.2 Global Industrial Truck Battery Market Size by Application
- 5.2.1 Global Industrial Truck Battery Market Size Overview by Application (2021-2032)
- 5.2.2 Global Industrial Truck Battery Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Industrial Truck Battery Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Industrial Truck Battery Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Industrial Truck Battery Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Industrial Truck Battery Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Industrial Truck Battery Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Industrial Truck Battery Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Navico Group
- 6.1.1 Navico Group Company Information
- 6.1.2 Navico Group Business Overview
- 6.1.3 Navico Group Industrial Truck Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Navico Group Industrial Truck Battery Product Portfolio
- 6.1.5 Navico Group Recent Developments
- 6.2 Hollingsworth & Vose
- 6.2.1 Hollingsworth & Vose Company Information
- 6.2.2 Hollingsworth & Vose Business Overview
- 6.2.3 Hollingsworth & Vose Industrial Truck Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Hollingsworth & Vose Industrial Truck Battery Product Portfolio
- 6.2.5 Hollingsworth & Vose Recent Developments
- 6.3 OneCharge
- 6.3.1 OneCharge Company Information
- 6.3.2 OneCharge Business Overview
- 6.3.3 OneCharge Industrial Truck Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 OneCharge Industrial Truck Battery Product Portfolio
- 6.3.5 OneCharge Recent Developments
- 6.4 East Penn Manufacturing Company
- 6.4.1 East Penn Manufacturing Company Company Information
- 6.4.2 East Penn Manufacturing Company Business Overview
- 6.4.3 East Penn Manufacturing Company Industrial Truck Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 East Penn Manufacturing Company Industrial Truck Battery Product Portfolio
- 6.4.5 East Penn Manufacturing Company Recent Developments
- 6.5 Johnson Controls, Inc.
- 6.5.1 Johnson Controls, Inc. Company Information
- 6.5.2 Johnson Controls, Inc. Business Overview
- 6.5.3 Johnson Controls, Inc. Industrial Truck Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Johnson Controls, Inc. Industrial Truck Battery Product Portfolio
- 6.5.5 Johnson Controls, Inc. Recent Developments
- 6.6 SAFT America, Inc.
- 6.6.1 SAFT America, Inc. Company Information
- 6.6.2 SAFT America, Inc. Business Overview
- 6.6.3 SAFT America, Inc. Industrial Truck Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 SAFT America, Inc. Industrial Truck Battery Product Portfolio
- 6.6.5 SAFT America, Inc. Recent Developments
- 6.7 Flux Power
- 6.7.1 Flux Power Company Information
- 6.7.2 Flux Power Business Overview
- 6.7.3 Flux Power Industrial Truck Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Flux Power Industrial Truck Battery Product Portfolio
- 6.7.5 Flux Power Recent Developments
- 6.8 Exponential Power
- 6.8.1 Exponential Power Company Information
- 6.8.2 Exponential Power Business Overview
- 6.8.3 Exponential Power Industrial Truck Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Exponential Power Industrial Truck Battery Product Portfolio
- 6.8.5 Exponential Power Recent Developments
- 6.9 Hawker Powersource
- 6.9.1 Hawker Powersource Company Information
- 6.9.2 Hawker Powersource Business Overview
- 6.9.3 Hawker Powersource Industrial Truck Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Hawker Powersource Industrial Truck Battery Product Portfolio
- 6.9.5 Hawker Powersource Recent Developments
- 6.10 Superior Battery Manufacturing Company Inc.
- 6.10.1 Superior Battery Manufacturing Company Inc. Company Information
- 6.10.2 Superior Battery Manufacturing Company Inc. Business Overview
- 6.10.3 Superior Battery Manufacturing Company Inc. Industrial Truck Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Superior Battery Manufacturing Company Inc. Industrial Truck Battery Product Portfolio
- 6.10.5 Superior Battery Manufacturing Company Inc. Recent Developments
- 6.11 Materials Transportation Co.
- 6.11.1 Materials Transportation Co. Company Information
- 6.11.2 Materials Transportation Co. Business Overview
- 6.11.3 Materials Transportation Co. Industrial Truck Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Materials Transportation Co. Industrial Truck Battery Product Portfolio
- 6.11.5 Materials Transportation Co. Recent Developments
- 6.12 IOTA Engineering LLC
- 6.12.1 IOTA Engineering LLC Company Information
- 6.12.2 IOTA Engineering LLC Business Overview
- 6.12.3 IOTA Engineering LLC Industrial Truck Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 IOTA Engineering LLC Industrial Truck Battery Product Portfolio
- 6.12.5 IOTA Engineering LLC Recent Developments
- 6.13 Motor Appliance Corp.
- 6.13.1 Motor Appliance Corp. Company Information
- 6.13.2 Motor Appliance Corp. Business Overview
- 6.13.3 Motor Appliance Corp. Industrial Truck Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Motor Appliance Corp. Industrial Truck Battery Product Portfolio
- 6.13.5 Motor Appliance Corp. Recent Developments
- 6.14 Midtronics, Inc.
- 6.14.1 Midtronics, Inc. Company Information
- 6.14.2 Midtronics, Inc. Business Overview
- 6.14.3 Midtronics, Inc. Industrial Truck Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 Midtronics, Inc. Industrial Truck Battery Product Portfolio
- 6.14.5 Midtronics, Inc. Recent Developments
- 6.15 Hoppecke Batteries, Inc.
- 6.15.1 Hoppecke Batteries, Inc. Company Information
- 6.15.2 Hoppecke Batteries, Inc. Business Overview
- 6.15.3 Hoppecke Batteries, Inc. Industrial Truck Battery Sales, Revenue and Gross Margin (2021-2026)
- 6.15.4 Hoppecke Batteries, Inc. Industrial Truck Battery Product Portfolio
- 6.15.5 Hoppecke Batteries, Inc. Recent Developments
7 North America by Country
- 7.1 North America Industrial Truck Battery Sales by Country
- 7.1.1 North America Industrial Truck Battery Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Industrial Truck Battery Sales by Country (2021-2026)
- 7.1.3 North America Industrial Truck Battery Sales Forecast by Country (2027-2032)
- 7.2 North America Industrial Truck Battery Market Size by Country
- 7.2.1 North America Industrial Truck Battery Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Industrial Truck Battery Market Size by Country (2021-2026)
- 7.2.3 North America Industrial Truck Battery Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Industrial Truck Battery Sales by Country
- 8.1.1 Europe Industrial Truck Battery Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Industrial Truck Battery Sales by Country (2021-2026)
- 8.1.3 Europe Industrial Truck Battery Sales Forecast by Country (2027-2032)
- 8.2 Europe Industrial Truck Battery Market Size by Country
- 8.2.1 Europe Industrial Truck Battery Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Industrial Truck Battery Market Size by Country (2021-2026)
- 8.2.3 Europe Industrial Truck Battery Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Industrial Truck Battery Sales by Country
- 9.1.1 Asia-Pacific Industrial Truck Battery Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Industrial Truck Battery Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Industrial Truck Battery Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Industrial Truck Battery Market Size by Country
- 9.2.1 Asia-Pacific Industrial Truck Battery Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Industrial Truck Battery Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Industrial Truck Battery Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Industrial Truck Battery Sales by Country
- 10.1.1 South America Industrial Truck Battery Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Industrial Truck Battery Sales by Country (2021-2026)
- 10.1.3 South America Industrial Truck Battery Sales Forecast by Country (2027-2032)
- 10.2 South America Industrial Truck Battery Market Size by Country
- 10.2.1 South America Industrial Truck Battery Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Industrial Truck Battery Market Size by Country (2021-2026)
- 10.2.3 South America Industrial Truck Battery Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Industrial Truck Battery Sales by Country
- 11.1.1 Middle East and Africa Industrial Truck Battery Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Industrial Truck Battery Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Industrial Truck Battery Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Industrial Truck Battery Market Size by Country
- 11.2.1 Middle East and Africa Industrial Truck Battery Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Industrial Truck Battery Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Industrial Truck Battery Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Industrial Truck Battery Value Chain Analysis
- 12.1.1 Industrial Truck Battery Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Industrial Truck Battery Production Mode & Process
- 12.2 Industrial Truck Battery Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Industrial Truck Battery Distributors
- 12.2.3 Industrial Truck Battery Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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