According to Cognitive Market Research, the global forklift battery market size is USD $2.3bn in 2025. It is set to expand at a compound annual growth rate (CAGR) of 6.20% from 2025 to 2033. The global IC (Internal Combustion) engine powered forklift market was valued at approximately $5.76 billion in 2024 and is projected to reach around $8.12 billion by 2033.
This article was first published in the September 15th 2025 issue of Warehouse & Logistics News, subscribe to the magazine by clicking here.
Espex Batteries is proud to announce that it has been approved for SafeContractor accreditation. SafeContractor is designed to take the pain out of compliance for organisations, helping them protect their people, their operations, and the planet. The scheme covers the standards that matter most, from health and safety and sustainability to ethical behaviour.
Rising sustainability expectations, tighter diesel regulations and greater efficiency of electric drives are accelerating the shift towards electric forklifts, even in traditionally diesel-dominated heavy-duty sectors. High-performance Hoppecke traction batteries, which can deliver up to 120 volts, are used to power electric forklifts for intensive tasks without any compromise. To meet the demanding performance standards of heavy-duty forklifts, Hoppecke recommends its high-performance trak | uplift quadro battery system—a solution engineered specifically for high-tonnage vehicles, high-current applications, and dynamic load profiles.
Ecobat, a global leader in battery recycling, has announced that it has entered into a binding agreement to sell its battery recycling and specialty lead operations in Germany and Austria to Clarios, a global leader in advanced energy storage solutions. The transaction includes Ecobat’s facilities in Freiberg and Braubach, Germany, as well as the Arnoldstein operation in Austria. The transaction is expected to close by early 2026, pending regulatory approvals.
Fronius UK is excited to announce its participation at Solar & Storage Live UK 2025, taking place from 23rd to 25th September at the NEC Birmingham. The company will be presenting its latest technologies designed to drive energy independence and sustainability, whilst the solar technology leader also recognises a major milestone: 80 years of Fronius’ innovations and technology. Fronius’ mission is to enable energy independence through renewable energy.
It’s great to see the innovation in the power sources sector, keeping forklifts moving.
George Simpson
Features Editor
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