The global autonomous forklift Market is anticipated to grow at a significant CAGR of 7.9% during the forecast period. Autonomous forklifts can load, unload and transport goods without any human involvement. Additionally, it can also independently maneuver in the storehouses as well as carry heavy loads without any damage. The major factor driving the growth of the global Autonomous Forklift Market during the forecast period is the increasing demand for autonomous forklifts in several industries across the globe.
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Furthermore, the growth of the market is can also be attributed to increased productivity and work efficiency by forklifts. Moreover, these forklifts reduce the risk of accidents as well as deliver material without any damage or risk. Apart from this, the autonomous forklift reduces the labor cost significantly which is further boosting the growth of the market.
The major companies serving the global autonomous forklift market include Hyster-Yale Materials Handling, Jungheinrich AG, Kion Group AG, Mitsubishi Logisnext Co Ltd., and Toyota Industries Corp., among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships and collaborations, and geographical expansion, to stay competitive in the market. For instance, in July 2021, Jungheinrich AG announced that it has entered into an intralogistics partnership with TRUMPG. Additionally, the company will supply driverless vehicles to TRUMPF to autonomously transport sheet metal parts between various machine tools and storage positions, while TRUMPF will supply its production-control software TruTops Fab to help manufacturers make their logistics more efficient.
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Market Coverage
- Segment Covered-
o By Tonnage Capacity
o By Application
o By Navigation Technology
o By Industry
o By Propulsion
o By Type
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Hyster-Yale Materials Handling, Jungheinrich AG, Kion Group AG, Mitsubishi Logisnext Co Ltd., and Toyota Industries Corp. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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
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