The global autonomous forklift market is anticipated to grow at a significant CAGR of 7.9% during the forecast period. The major factor driving the growth of the global autonomous forklift market during the forecast perio is the increasing complexities of product handling. Product handling is becoming important and complex in industries such as logistics and warehousing, among others which is rising the need for product safety which in turn is driving the growth of the market. Additionally, the rising need for smart logistics as well as better space utilization is also boosting the growth of the market during the forecast period. Furthermore, the growing growing consumerism through online platforms is also driving the market growth. The growth of the e-commerce industry is increasing the demand for warehousing which is boosting the demand for forklifts which is further boosting the growth of the market during the forecast period.
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The COVID-19 pandemic had impacted the global Autonomous Forklift Market to a great extent. During COVID-19, as of May 2020, 212 countries had been impacted by the pandemic, and the governments of these countries had ordered nationwide lockdowns which shut down operations of various industries and halted the use of forklifts which in turn affected the market growth. However, as the COVID-19 situation normalizes, the global autonomous forklift market started to recover due to the lifting of regulations by the government of several countries which initiated the operations of industries.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Autonomous Forklift Market Report by Segment
By Tonnage Capacity
- Below 5 tons
- 5-10 tons
- Above 10 tons
By Application
- Manufacturing
- Warehousing
- Material handling
- Logistics and Freight
- Others
By Navigation Technology
- Laser Guidance
- Magnetic Guidance
- Vision Guidance
- Inductive Guidance
- Optical Tape Guidance
- Others
By Industry
- Food and Beverages
- Automotive
- Paper and Pulp
- Metals and Heavy Machinery
- E-commerce
- Aviation
- Semiconductors and Electronics
- Healthcare
- Others
By Propulsion
- Electric
- ICE
- Alternate Fuels
By Type
- Indoor
- Outdoor
Global Autonomous Forklift Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Autonomous Forklift Market market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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