Material handling equipment are usually gasoline-powered or electric-powered. Lead-acid batteries power more than three-fourth of the electric forklifts manufactured globally and are cost-effective, offering additional benefits like high resilience in difficult environmental conditions.
Various mechanical, automotive, food and beverage, logistics, chemical, timber and paper printing, and retail and wholesale companies extensively rely on battery-powered forklifts. Many end-users adopt electric forklifts because they are associated with low noise level and reduced emissions and eliminate the cost of fuel.

Market Analysis and Insights: Global Industrial Battery for Material Handling Equipment Market
In 2020, the global Industrial Battery for Material Handling Equipment market size was US$ XX million and it is expected to reach US$ XX million by the end of 2027, with a CAGR of XX% between 2021 and 2027
Global Industrial Battery for Material Handling Equipment Scope and Market Size
The global Industrial Battery for Material Handling Equipment market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Industrial Battery for Material Handling Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

Segment by Type
Li-ion Battery
Lead-acid Battery

Segment by Application
E-commerce & Retail
Food & Beverage
Manufacturing
Pharmaceutical
Airport
Others

By Company
East Penn Manufacturing
EnerSys
Exide Technologies
Trojan Battery
Valence Technology
Chloride Exide
Crown Battery
EverExceed
Exide Industries
HOPPECKE
MIDAC Batteries
Navitas System

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE