According to The Insight Partners Research report and latest market study on “Forklift Battery Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” The global forklift battery market is expected to grow from US$ 4,816.54 million in 2021 to US$ 7,759.94 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028.