The global forklift battery market is seeing rapid growth due to several factors, including advancements in technology, the expansion of e-commerce, and increased demand for sustainable energy solutions. In 2024, the market is expected to grow from $23.76 billion in 2023 to $25.67 billion , with a CAGR of 8.0% . By 2028, the market is forecasted to reach $33.45 billion , driven by increased adoption of lithium-ion batteries and government incentives promoting green energy【7†source】【9†source】. Key Market Segments Lead-acid batteries : Traditional batteries, still widely used in industries like manufacturing and construction, but their market share is declining as more businesses shift towards greener alternatives. Lithium-ion batteries : The fastest-growing segment, these batteries offer higher energy density, faster charging times, and longer lifespan, making them ideal for intensive operations【8†source】. Table 1: Forklift Battery Market by Type (2024 Forecas...