Autonomous Forklifts Market 2021-2030 Share, Industry Growth, Size, Trends, Revenue Analysis | Absolute Markets Insights

Autonomous Forklifts Market

In terms of revenue, the global autonomous forklifts market was estimated to be US$ 6,576.60 Mn in 2020 and is expected to reach US$ 12,158.10 Mn by 2030 growing at a CAGR of 7.14% over the forecast period.  Latest added Autonomous Forklifts Market research study by Absolute Markets Insights (AMI) offers detailed product outlook and elaborates market review till 2030. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are 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. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

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This report studies the Autonomous Forklifts Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Autonomous Forklifts Market by companies, region, type and end-use industry.

Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on ”Autonomous Forklifts Market By Type (Indoor, Outdoor); By Fuel Source (Electric, CNG, Petrol And Diesel, Fuel Cells); By Technology (Line Guided, Laser Guided, Vision Guided (3D), Others); By Industry (Pharmaceutical, Chemical, Manufacturing, Automotive, Paper And Print, Food And Beverage, Others); By Truck Type (Side Loader, Counterbalance Forklift, Telehandler, Rough Terrain Forklift, Pallet Jack, Walkie Stacker, Order Picker, Reach Fork Truck, Others); By Channel (OEM, Aftermarket); By Capacity (Less Than 1000, 1000-2000 , 2000-5000, Above 5000); By Region (U.S., Canada, Mexico, Rest Of North America, France, The UK, Spain, Germany, Italy, Nordic Countries, Benelux Union, Rest Of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia, Rest Of Asia Pacific, Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa, Brazil, Argentina, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2021 – 2030″. Early buyers will get 10% customization on study.

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To Avail deep insights of Autonomous Forklifts Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.

Unlock new opportunities in Autonomous Forklifts Market; the latest release from Absolute Markets Insights (AMI) highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.

Industry Trends

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.

Global Autonomous Forklifts Market:

Autonomous Forklifts Market: By Type 

    • Indoor
    • Outdoor

Autonomous Forklifts Market: By Fuel Source

    • Electric
    • CNG
    • Petrol and Diesel
    • Fuel Cells

Autonomous Forklifts Market: By Technology

    • Line Guided
    • Laser Guided
    • Vision Guided (3D)
    • Others

Autonomous Forklifts Market: By Industry

    • Pharmaceutical
    • Chemical
    • Manufacturing
    • Automotive
    • Paper and Print
    • Food and Beverage
    • Others

Autonomous Forklifts Market: By Truck Type

    • Side Loader
    • Counterbalance Forklift
    • Telehandler
    • Rough Terrain Forklift
    • Pallet Jack
    • Walkie Stacker
    • Order Picker
    • Reach Fork Truck
    • Others

Autonomous Forklifts Market: By Channel 

    • OEM
    • Aftermarket

Autonomous Forklifts Market: By Capacity

    • Less than 1000
    • 1000-2000
    • 2000-5000
    • Above 5000

Autonomous Forklifts Market: By Region

    • North America
    • Europe
    • Asia Pacific
    • Middle East and Africa
    • Latin America

The large scale Autonomous Forklifts Market report defines CAGR value fluctuation during the forecast period of 2021-2030 for the market. The market research analysis conducted in this report provides an examination of various market segments that are relied upon to monitor the fastest development amid the estimated forecast frame. The company profiles leading to all the chief and dominating market players and brands that are taking steps such as product launches, joint ventures, mergers and acquisitions have been included in the report. Autonomous Forklifts Market research report is a window to the industry which explains what market definition, classifications, applications, engagements and market trends are.

The research report of the global Autonomous Forklifts market provides answers to the following key questions:

  • What is the expected market size, share, and CAGR of the Autonomous Forklifts report by the end of the forecast period of 2030?
  • Does the report give customized insights on market segmentation as well as the intended audience?
  • What are the prime market growth driving factors and threats responsible for setting up the development of the Autonomous Forklifts market worldwide?
  • What are the prominent market players operating in the Autonomous Forklifts market? What strategies are adopted by them to stay ahead in the market?
  • What are the emerging and evolving technologies shaping the growth of the global market across various regions?
  • What are the opportunities in store of the business owners in the years to come?

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