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Lithium-Ion Industrial Traction Batteries - Global Strategic Business Report

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    Report

  • 173 Pages
  • June 2025
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 6070030
The global market for Lithium-Ion Industrial Traction Batteries was estimated at US$6.1 Billion in 2024 and is projected to reach US$19.0 Billion by 2030, growing at a CAGR of 20.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Lithium-Ion Industrial Traction Batteries market.

Global Lithium-Ion Industrial Traction Battery Market - Key Trends & Drivers Summarized

Why Are Lithium-Ion Industrial Traction Batteries Gaining Unstoppable Momentum?

The global lithium-ion industrial traction battery market is witnessing an unprecedented surge, driven by the increasing adoption of electric vehicles (EVs), automated guided vehicles (AGVs), and material handling equipment across industries such as logistics, warehousing, and manufacturing. These high-performance batteries are replacing traditional lead-acid counterparts due to their superior energy density, longer lifespan, and faster charging capabilities. As industries strive for greater efficiency and sustainability, lithium-ion traction batteries have become the preferred choice for powering forklifts, cranes, railways, and mining vehicles. Governments worldwide are also enforcing stringent emission norms, accelerating the transition from diesel-powered industrial vehicles to battery-operated solutions. The e-commerce boom has further fueled demand for lithium-ion-powered warehouse automation, as companies seek to enhance operational efficiency with electrified fleets of pallet jacks and order pickers. Additionally, lithium-ion batteries enable seamless integration with renewable energy sources, making them an attractive option for industrial applications focused on reducing carbon footprints. While cost remains a factor, advancements in battery technology and economies of scale are gradually bringing down prices, making lithium-ion traction batteries more accessible. The growing investments in battery recycling and second-life applications are also addressing sustainability concerns, ensuring that lithium-ion technology remains at the forefront of industrial electrification.

How Are Breakthrough Innovations Reshaping Industrial Traction Battery Performance?

Continuous technological advancements in lithium-ion battery chemistry and design are reshaping the industrial traction battery landscape, pushing the boundaries of efficiency, safety, and durability. One of the most notable breakthroughs is the development of lithium iron phosphate (LFP) batteries, which offer enhanced thermal stability and a longer cycle life compared to nickel-manganese-cobalt (NMC) alternatives. LFP batteries are gaining prominence in industrial applications due to their lower risk of thermal runaway, making them ideal for safety-critical operations in warehousing and mining. Additionally, the advent of solid-state lithium-ion batteries is poised to revolutionize the market by offering higher energy densities, faster charging times, and extended operational life. Another key innovation driving adoption is the implementation of advanced battery management systems (BMS), which optimize energy utilization, prevent overcharging, and improve overall battery lifespan. Smart connectivity features, such as IoT-enabled monitoring and predictive maintenance, are becoming increasingly prevalent, allowing businesses to track battery health and usage patterns in real time. Furthermore, rapid-charging technology is eliminating one of the primary limitations of lithium-ion traction batteries, enabling equipment operators to minimize downtime and maximize productivity. The introduction of wireless charging solutions is another game-changer, as it allows industrial vehicles to charge autonomously during idle periods without requiring manual intervention. With continuous R&D efforts, lithium-ion traction batteries are becoming more robust, cost-efficient, and adaptable to diverse industrial environments, solidifying their position as the leading power source for electrified material handling and transport systems.

What Role Does Consumer Behavior Play in the Adoption of Lithium-Ion Traction Batteries?

Consumer preferences and operational demands are significantly shaping the trajectory of the lithium-ion industrial traction battery market. Companies across industries are prioritizing sustainability, reliability, and efficiency in their fleet management strategies, leading to a growing preference for lithium-ion technology over conventional lead-acid batteries. One of the primary drivers behind this shift is the increasing focus on reducing total cost of ownership (TCO). Although lithium-ion batteries have a higher initial cost, their superior longevity, lower maintenance requirements, and reduced downtime make them a more cost-effective choice in the long run. The rising labor costs and the need for automated operations have also contributed to the widespread adoption of lithium-ion-powered AGVs and robotic warehouse systems, enabling businesses to maintain round-the-clock operations without human intervention. The e-commerce sector, in particular, has witnessed exponential growth, necessitating high-speed order fulfillment processes that rely heavily on battery-powered forklifts and conveyor systems. Additionally, the emergence of Industry 4.0 and digitalization trends has accelerated the demand for smart battery solutions that offer real-time analytics, remote diagnostics, and predictive maintenance capabilities. Logistics and supply chain operators are increasingly opting for lithium-ion traction batteries due to their rapid-charging capabilities, which allow for more flexible and uninterrupted workflows. Moreover, fleet electrification initiatives in railways and airports are gaining traction as operators seek to transition toward cleaner and more energy-efficient mobility solutions. As end-users continue to demand higher efficiency and sustainability in their industrial operations, lithium-ion traction batteries are expected to remain the preferred energy source for powering next-generation electrified fleets.

Which Factors Are Driving the Accelerated Growth of the Lithium-Ion Industrial Traction Battery Market?

The growth in the lithium-ion industrial traction battery market is driven by several factors, including technological advancements, regulatory pressures, evolving industry requirements, and shifting consumer preferences. One of the most critical growth drivers is the global push toward sustainability and decarbonization, as governments enforce stricter emissions regulations across industries. The transition to battery-electric vehicles (BEVs) in material handling, logistics, and railway transportation is being fueled by incentives, subsidies, and favorable policies aimed at reducing reliance on fossil fuels. Simultaneously, rapid advancements in battery chemistries, including solid-state and LFP technologies, are making lithium-ion traction batteries more efficient, affordable, and safer for industrial applications. The booming e-commerce sector is another significant driver, as it necessitates faster and more reliable warehouse automation solutions powered by lithium-ion batteries. Additionally, the increasing deployment of AGVs and automated forklifts in logistics and manufacturing environments is accelerating demand for high-performance energy storage solutions. Rising electricity costs and grid instability are also prompting industries to adopt lithium-ion-powered equipment with energy management features, reducing operational expenses while enhancing productivity. Fleet electrification initiatives in public transportation, ports, and airports are further propelling the adoption of lithium-ion traction batteries, as these sectors seek long-term cost savings and improved sustainability. The integration of IoT, AI, and predictive analytics into battery management systems is also playing a crucial role in optimizing performance, ensuring longer lifespans, and minimizing unexpected failures. Furthermore, ongoing investments in battery recycling and second-life applications are addressing environmental concerns and creating new business opportunities within the circular economy. As industries continue to prioritize efficiency, sustainability, and automation, the lithium-ion industrial traction battery market is set for exponential growth, driven by the convergence of innovation, policy support, and evolving consumer expectations.

Scope of Study:

The report analyzes the Lithium-Ion Industrial Traction Batteries market in terms of units by the following Segments, and Geographic Regions/Countries:
  • Segments: Application (Forklift, Railroads, Others)
  • Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Forklift segment, which is expected to reach US$10.3 Billion by 2030 with a CAGR of a 19.5%. The Railroads segment is also set to grow at 22.3% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $1.7 Billion in 2024, and China, forecasted to grow at an impressive 27.8% CAGR to reach $4.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Lithium-Ion Industrial Traction Batteries Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Lithium-Ion Industrial Traction Batteries Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Lithium-Ion Industrial Traction Batteries Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of players such as BYD Company Ltd., CATL (Contemporary Amperex Technology Co., Limited), Crown Equipment Corporation, East Penn Manufacturing, EnerSys and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 32 companies featured in this Lithium-Ion Industrial Traction Batteries market report include:

  • BYD Company Ltd.
  • CATL (Contemporary Amperex Technology Co., Limited)
  • Crown Equipment Corporation
  • East Penn Manufacturing
  • EnerSys
  • Exide Technologies
  • Flux Power
  • Green Cubes Technology
  • Hyster-Yale Materials Handling, Inc.
  • KION Group (Linde Material Handling)
  • Leclanché S.A.
  • LG Energy Solution
  • Lishen Battery
  • Mitsubishi Logisnext Co., Ltd.
  • OneCharge
  • Panasonic Corporation
  • Samsung SDI
  • Toyota Industries Corporation
  • Valence Technology
  • Yaskawa Electric Corporation

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

  • Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
  • Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
  • Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
  • Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
  • Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
  • Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
  • Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
Tariff Impact on Global Supply Chain Patterns
Lithium-Ion Industrial Traction Batteries - Global Key Competitors Percentage Market Share in 2025 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Rising Automation in Warehousing and Logistics Operations Drives Demand for Lithium-Ion Industrial Traction Batteries
Expansion of Electric Forklifts and AGVs in Material Handling Throws the Spotlight on High-Cycle Traction Batteries
OEM Focus on Zero-Maintenance and Fast-Charging Battery Platforms Strengthens Business Case for Lithium-Ion Replacement
Surge in Adoption of 24/7 Multishift Operations Spurs Need for Opportunity Charging and Extended Battery Lifespan
Shift From Lead-Acid to Lithium-Ion Technologies Expands Addressable Market in Industrial Powertrains
OEM Development of Modular Battery Packs Enhances System Scalability and Retrofits for Existing Fleets
Increased Use in Airport Ground Support Equipment Propels Demand for Vibration-Resistant and High-Torque Batteries
Growth in Cold Storage and Refrigerated Warehousing Drives Demand for Low-Temperature Operable Lithium-Ion Batteries
Regulatory Push for Emission-Free Indoor Operations Promotes Adoption of Clean Energy Traction Systems
OEM Integration of Battery Management Systems With Fleet Telematics Enhances Preventive Maintenance and Uptime
Expansion of Automated Container Terminals and Ports Spurs High-Capacity Battery Deployment in Port Logistics
Growing Use of Lithium-Ion Batteries in Mining Locomotives and Utility Vehicles Expands Heavy-Duty Applications
OEM Emphasis on TCO Optimization Over Lifecycle Strengthens ROI Case for High-Cycle Lithium Solutions
Increased Demand for Quick Swappable Batteries in Short-Duration Shifts Drives Modular Design Innovation
Rising Safety and Fire-Prevention Requirements Encourage Development of LFP-Based Industrial Battery Chemistries
OEM Collaboration With Equipment Manufacturers Enables Seamless Powertrain and Battery Integration
Growth in Leasing and Battery-as-a-Service Models Facilitates Cost-Efficient Transition to Lithium-Ion Platforms
Focus on Standardized Battery Form Factors Supports Interoperability Across OEM Equipment Lines
Expansion of Green Logistics and ESG Reporting Requirements Reinforces Shift to Sustainable Battery Power
Government Incentives and Policy Support for Clean Industrial Vehicles Accelerates Market Adoption
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Lithium-Ion Industrial Traction Batteries Market Analysis of Annual Sales in US$ Million for Years 2015 through 2030
TABLE 2: World Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 3: World Historic Review for Lithium-Ion Industrial Traction Batteries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 4: World 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2015, 2025 & 2030
TABLE 5: World Recent Past, Current & Future Analysis for Forklift by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 6: World Historic Review for Forklift by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 7: World 15-Year Perspective for Forklift by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
TABLE 8: World Recent Past, Current & Future Analysis for Railroads by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 9: World Historic Review for Railroads by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 10: World 15-Year Perspective for Railroads by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
TABLE 11: World Recent Past, Current & Future Analysis for Others by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 12: World Historic Review for Others by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 13: World 15-Year Perspective for Others by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
III. MARKET ANALYSIS
UNITED STATES
Lithium-Ion Industrial Traction Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
TABLE 14: USA Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 15: USA Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 16: USA 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
CANADA
TABLE 17: Canada Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 18: Canada Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 19: Canada 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
JAPAN
Lithium-Ion Industrial Traction Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
TABLE 20: Japan Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 21: Japan Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 22: Japan 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
CHINA
Lithium-Ion Industrial Traction Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
TABLE 23: China Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 24: China Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 25: China 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
EUROPE
Lithium-Ion Industrial Traction Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
TABLE 26: Europe Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 27: Europe Historic Review for Lithium-Ion Industrial Traction Batteries by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 28: Europe 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2015, 2025 & 2030
TABLE 29: Europe Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 30: Europe Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 31: Europe 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
FRANCE
Lithium-Ion Industrial Traction Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
TABLE 32: France Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 33: France Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 34: France 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
GERMANY
Lithium-Ion Industrial Traction Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
TABLE 35: Germany Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 36: Germany Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 37: Germany 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
ITALY
TABLE 38: Italy Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 39: Italy Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 40: Italy 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
UNITED KINGDOM
Lithium-Ion Industrial Traction Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
TABLE 41: UK Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 42: UK Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 43: UK 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
SPAIN
TABLE 44: Spain Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 45: Spain Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 46: Spain 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
RUSSIA
TABLE 47: Russia Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 48: Russia Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 49: Russia 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
REST OF EUROPE
TABLE 50: Rest of Europe Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 51: Rest of Europe Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 52: Rest of Europe 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
ASIA-PACIFIC
Lithium-Ion Industrial Traction Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
TABLE 53: Asia-Pacific Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 54: Asia-Pacific Historic Review for Lithium-Ion Industrial Traction Batteries by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 55: Asia-Pacific 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2015, 2025 & 2030
TABLE 56: Asia-Pacific Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 57: Asia-Pacific Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 58: Asia-Pacific 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
AUSTRALIA
Lithium-Ion Industrial Traction Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2025 (E)
TABLE 59: Australia Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 60: Australia Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 61: Australia 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
INDIA
Lithium-Ion Industrial Traction Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2025 (E)
TABLE 62: India Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 63: India Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 64: India 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
SOUTH KOREA
TABLE 65: South Korea Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 66: South Korea Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 67: South Korea 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
REST OF ASIA-PACIFIC
TABLE 68: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 69: Rest of Asia-Pacific Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 70: Rest of Asia-Pacific 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
LATIN AMERICA
Lithium-Ion Industrial Traction Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2025 (E)
TABLE 71: Latin America Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 72: Latin America Historic Review for Lithium-Ion Industrial Traction Batteries by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 73: Latin America 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2015, 2025 & 2030
TABLE 74: Latin America Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 75: Latin America Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 76: Latin America 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
ARGENTINA
TABLE 77: Argentina Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 78: Argentina Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 79: Argentina 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
BRAZIL
TABLE 80: Brazil Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 81: Brazil Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 82: Brazil 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
MEXICO
TABLE 83: Mexico Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 84: Mexico Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 85: Mexico 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
REST OF LATIN AMERICA
TABLE 86: Rest of Latin America Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 87: Rest of Latin America Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 88: Rest of Latin America 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
MIDDLE EAST
Lithium-Ion Industrial Traction Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2025 (E)
TABLE 89: Middle East Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
TABLE 90: Middle East Historic Review for Lithium-Ion Industrial Traction Batteries by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 91: Middle East 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2015, 2025 & 2030
TABLE 92: Middle East Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 93: Middle East Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 94: Middle East 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
IRAN
TABLE 95: Iran Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 96: Iran Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 97: Iran 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
ISRAEL
TABLE 98: Israel Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 99: Israel Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 100: Israel 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
SAUDI ARABIA
TABLE 101: Saudi Arabia Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 102: Saudi Arabia Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 103: Saudi Arabia 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
UNITED ARAB EMIRATES
TABLE 104: UAE Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 105: UAE Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 106: UAE 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
REST OF MIDDLE EAST
TABLE 107: Rest of Middle East Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 108: Rest of Middle East Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 109: Rest of Middle East 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
AFRICA
Lithium-Ion Industrial Traction Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2025 (E)
TABLE 110: Africa Recent Past, Current & Future Analysis for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
TABLE 111: Africa Historic Review for Lithium-Ion Industrial Traction Batteries by Application - Forklift, Railroads and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
TABLE 112: Africa 15-Year Perspective for Lithium-Ion Industrial Traction Batteries by Application - Percentage Breakdown of Value Sales for Forklift, Railroads and Others for the Years 2015, 2025 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BYD Company Ltd.
  • CATL (Contemporary Amperex Technology Co., Limited)
  • Crown Equipment Corporation
  • East Penn Manufacturing
  • EnerSys
  • Exide Technologies
  • Flux Power
  • Green Cubes Technology
  • Hyster-Yale Materials Handling, Inc.
  • KION Group (Linde Material Handling)
  • Leclanché S.A.
  • LG Energy Solution
  • Lishen Battery
  • Mitsubishi Logisnext Co., Ltd.
  • OneCharge
  • Panasonic Corporation
  • Samsung SDI
  • Toyota Industries Corporation
  • Valence Technology
  • Yaskawa Electric Corporation

Table Information