The 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 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.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
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
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 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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