This Autonomous Forklifts Market research report contains a complete background analysis of the industry, which includes an assessment of the parental market. All the statistical and numerical that have been forecasted in this report is represented with the help of graphs, charts, or tables which makes this report more user-friendly. This Autonomous Forklifts Market report contains a thorough description, competitive scenario, wide product portfolio of key vendors, and business strategy adopted by competitors along with their SWOT analysis and porter’s five force analysis. Whether it is about renewing a business plan, preparing a presentation for a key client, or giving recommendations to an executive, this Autonomous Forklifts Market report will surely help you to a degree.
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In terms of revenue, the global autonomous forklifts market was estimated to be US$ 6,576.60 Mn in 2022 and is expected to reach US$ 12,158.10 Mn by 2030 growing at a CAGR of 7.14% over the forecast period. AB Volvo, Anhui Heli Co., Ltd. , BALYO, Crown Equipment Corporation, Dematic, Doosan Industrial Vehicle America Corp, Gen Surv Robotics, Godrej Material Handling , Hyundai Construction Equipment Co., Ltd., Jungheinrich AG, Kollmorgen, Linde Material Handling, Mitsubishi Caterpillar Forklift America Inc., Nichiyu Forklift, Northland Industrial Truck Company, Inc. , Scott, Seegrid Corporation, Swisslog Holding AG, TOYOTA INDUSTRIES CORPORATION, UniCarriers Americas Corporation, among others.
Global Autonomous Forklifts Market:
- By Type
- By Fuel Source
- Petrol and Diesel
- Fuel Cells
- By Technology
- Line Guided
- Laser Guided
- Vision Guided (3D)
- By Industry
- Paper and Print
- Food and Beverage
- By Truck Type
- Side Loader
- Counterbalance Forklift
- Rough Terrain Forklift
- Pallet Jack
- Walkie Stacker
- Order Picker
- Reach Fork Truck
- By Channel
- By Capacity
- Less than 1000
- Above 5000
- By Region
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
- North America
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Autonomous forklifts are self-driving forklifts that eliminate the human need in the warehousing process. Forklift are the trucks equipped with additional capabilities than a normal truck and are used to lift and shift heavy loads from one place to another, reducing the physical activity. The growing demand for autonomous forklifts in various commercial and industrial applications including manufacturing, construction and freight & logistics for loading and unloading the items is driving the growth of global autonomous forklifts market. Autonomous forklifts are being majorly deployed in the industries where human operators are restricted. On the basis of type, global autonomous forklift market is classified as indoor and outdoor forklifts. The majority of forklifts are used within premises such as warehouses, which is increasing the demand for indoor forklifts. With the increasing need for optimized facilities for mass storage and tall racking in warehouses, forklifts are used to increase the efficiency of process. For instance, Gen Surv Robotics, an automated solutions provider in Thailand, offers PLY AGV indoor forklift, for heavy load indoor transports in warehouses and factories. These forklifts can be integrated to warehouse management system providing a real time monitoring of stock location and tasks. Forklifts helps optimizing the process flow by utilizing advanced logistics and automating material handling processes to move products quickly and more efficiently. Therefore the growing need among organizations to adopt advanced automation technology to amplify productivity is driving the autonomous forklifts market in the forecast period.
The autonomous forklifts are being used across various industries including pharmaceutical, chemical, manufacturing, automotive, paper and print, food and beverage amongst others. For instance, Seegrid Corporation, a provider of vehicle autonomous kits for all kinds of OEM, 3PLs and distribution centers, offers a self-driving, vision guides vehicles along with software and engineering systems to minimize human involvement and maximize productivity. Similarly, Toyota offers autopilot vision systems for forklifts and also offers automated carts for factories and warehouses. The autonomous forklifts eliminate the manual work and provide efficiency in the industrial and commercial environment by transferring the materials between the point of storage and point of consumption. Thereby driving the autonomous forklifts market in the forecast period. Material handling warehouse activities are being automated, owing to technology advances and competitive nature of business. Picking, packing, shipping automation is seemingly taking over throughout every aspect of the warehouse.
Forklifts are effectively used in distribution and manufacturing environments, however, places with limited spaces and high number of product loads, forklifts are often not regarded as the most effective or safest form of material handling. Various technologies are being integrated in autonomous forklifts including line guided, laser-guided, vision-guided (3D) amongst others. Vision Guided (3D) is expected to dominate the segment in the forecast period owing to its easy integration into the existing infrastructure by using 3D modelling technology that builds a map for flexible operation. 3D modeling develops the mathematical representation of the objects in three dimensions through software guiding the forklifts for further motion. For instance, Bastian Solutions, Inc., an automated solutions provider, offers with vision guided technology into the vehicles that can navigate their way through a warehouse without infrastructure modification. The vision technology allows VGVs to build a 3D map through a series of images taken when an operator tours the vehicle through the warehouse.
Furthermore, these technologies can be integrated with different types of trucks such as side loader, counterbalance forklift, telehandler, rough terrain forklift, pallet jack, walkie stacker, order picker, reach fork truck and others. Telehandler accounted for the highest share in the autonomous forklifts market in 2018, owing to its easy forward and backward movements of loads without moving their base. Telehandler can be fitted with multiple attachments meanwhile, and can carry out specific tasks acting as a mini-crane. Moreover, the larger wheelbases and bodies on telehandlers are able to maneuver effectively on slippery and uneven surfaces, making them much more suited to construction sites and outdoor areas. Forklifts are ideal for outdoor construction having rough terrain, providing stability and better maneuverability. Furthermore, the growing need for smart factories with multi-robot systems (MRS) that are interconnected, cooperative, and interactive with virtual elements to enhance the productivity of organization is anticipated to propel the autonomous forklifts market in the forecast period.
The autonomous forklifts market is expected to gain momentum in the Asia Pacific region over the forecast period. Technological advancements in the transportation and construction industry with the growing demand for infrastructure development requiring lifting and shifting of materials is anticipated to propel the growth of the autonomous forklifts market in the region.
Key Questions Answered with this Study
1) What makes Autonomous Forklifts Market feasible for long term investment?
2) Know value chain areas where players can create value?
3) Teritorry that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for product/services?
5) What opportunity emerging territory would offer to established and new entrants in Autonomous Forklifts market?
6) Risk side analysis connected with service providers?
7) How influencing factors driving the demand of Autonomous Forklifts in next few years?
8) What is the impact analysis of various factors in the Autonomous Forklifts market growth?
9) What strategies of big players help them acquire share in mature market?
10) How Technology and Customer-Centric Innovation is bringing big Change in Autonomous Forklifts Market?
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