Forklift Battery Charger Market Report 2026

The forklift battery charger market size has grown strongly in recent years. It will grow from $2.02 billion in 2025 to $2.19 billion in 2026 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to expansion of electric forklift adoption, growth of warehouse electrification, increasing demand for reliable charging systems, availability of lead-acid charging infrastructure, rising material handling automation.

The forklift battery charger market size is expected to see strong growth in the next few years. It will grow to $3.04 billion in 2030 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to increasing penetration of lithium-ion forklifts, rising demand for fast charging solutions, expansion of smart warehouse infrastructure, growing focus on energy management systems, increasing investments in battery safety technologies. Major trends in the forecast period include shift toward lithium-ion charging systems, smart battery charging solutions, fast charging infrastructure deployment, energy efficient charger design, integrated battery management systems.

The increasing adoption of automation is expected to drive significant growth in the forklift battery charger market. Automation in material handling involves the use of automated systems and robots to optimize the movement, storage, and management of goods in warehouses and industrial settings. The growing preference for automation is driven by the need to improve efficiency, reduce labor costs, enhance safety, and increase accuracy in these operations. Forklift battery chargers play an important role in automation by enabling efficient, unattended charging, which helps optimize fleet uptime and reduces the need for manual intervention in warehouse and industrial tasks. For example, in October 2024, the International Federation of Robotics reported that the number of industrial robots operating worldwide reached over 4.2 million units in 2023, marking a 10% increase compared to the previous year. The installation of new industrial robots also reached a record high of 541,302 units in 2023, highlighting the continued demand for automation. As a result, the growing adoption of automation is fueling the demand for forklift battery chargers.

Companies in the forklift battery charger market are focusing on developing innovative solutions such as high-frequency smart charging technology to improve efficiency, save energy, and introduce smart features such as remote monitoring and adaptive charging. High-frequency smart charging technology utilizes high-frequency power and intelligent algorithms to enable fast, efficient, and adaptive battery charging. For instance, in March 2023, Mitsubishi Logisnext Americas Inc., a US-based machinery manufacturer, introduced its Triathlon lithium-ion battery and charger solutions for the Unicarriers product line. These solutions enhance forklift performance, efficiency, and sustainability by offering benefits such as rapid charging, longer operational durations, and minimal maintenance needs, addressing the growing demand for eco-friendly and energy-efficient material handling equipment. This innovation is in line with market trends focused on sustainability and improving productivity in warehouse and industrial operations.

In April 2023, EnerSys, a US-based battery manufacturing company, acquired Industrial Battery and Charger Services Limited (IBCS) for an undisclosed amount. This acquisition strengthens EnerSys’ motive power services and expands its presence in the UK industrial battery and charger sector, supporting its growth and improving customer service. IBCS, a UK-based company, specializes in providing industrial battery and charger solutions.

Major companies operating in the forklift battery charger market are Shanghai Sange Electric S&T Co.Ltd, Jungheinrich AG, Crown Equipment Corporation, Exide Technologies, Fronius International GmbH, Hawker Powersource, Micropower, Power Designers Sibex, Delta-Q Technologies, ElCon Chargers, PosiCharge, Advanced Charging Technologies (ACT), PBM SRL, Applied Energy Solutions (AES), ATIB Elettronica S.r.l., Microtex, EFFIC, Rhyl Co. Ltd, Guangzhou Evaisun Industrial Co. Ltd., Delta Electronics, Inc.

North America was the largest region in the forklift battery charger market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the forklift battery charger market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the forklift battery charger market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The forklift battery charger market includes sales of single-phase and three-phase chargers, portable chargers, high-frequency chargers, and battery management systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.