The North America Autonomous Forklift Market should witness market growth of 12.5% CAGR during the forecast period (2023-2029).
Autonomously driven forklifts are a more cost-effective option for highly repetitive processes in various industries such as distribution centers and manufacturing. Using unmanned forklifts eliminates the need for human operators, resulting in reduced labor costs. This technology can also be applied in a hybrid setting, further increasing efficiency and cost savings.
The integration of these operations can facilitate continuous round-the-clock coverage across multiple shifts. In addition, autonomous forklift trucks exhibit efficient speed control and routing coordination. This allows material flows to retain optimal levels as well as the use of energy is restricted to a minimum. According to facilities managers, the use of unmanned forklifts results in a significant reduction in damage to shelving, pallets, loads, and other trucks. This is due to the autonomous forklifts' ability to navigate with greater accuracy and safety than manned forklifts.
The modern manufacturing industry relies heavily on cutting-edge technologies and innovative techniques to enhance the quality of products, increase production speed, and reduce costs. Therefore, implementing advanced software and hardware has become imperative for survival in the present competitive landscape, owing to the region's workforce shortage.
The American market for automated solutions is one of the biggest and most developed in the world. The country's desire for automated solutions in the logistics industry is driven by the robust economy, which has increased e-commerce activity, port traffic, and other major manufacturing indicators that have all contributed to a significant increase in manufacturing. The need for automated forklifts and other AGVs like unit loading AGVs, tug AGVs, assembly lines, and special purpose goods, which are widely used in food and beverage manufacturing companies, is significantly increased due to this reason.
The US market dominated the North America Autonomous Forklift Market by Country in 2022; thereby, achieving a market value of $1,847.9 million by 2029. The Canada market is experiencing a CAGR of 15% during (2023-2029). Additionally, The Mexico would exhibit a CAGR of 14% during (2023-2029).
Based on Type, the market is segmented into Pallet Jacks and Pallet Stackers. Based on Application, the market is segmented into Material Handling, Warehousing, Logistics & Freight, Manufacturing and Others. Based on Navigation Technology, the market is segmented into Vision Guidance, Laser Guidance, Magnetic & Inductive Guidance, Optical Tape Guidance and SLAM & Others. Based on Tonnage Capacity, the market is segmented into Below 5 Tons, 5-10 Tons and Above 10 Tons. Based on Operation Type, the market is segmented into Indoor and Outdoor. Based on Propulsion Type, the market is segmented into Electric and ICE & Others. Based on Vertical, the market is segmented into Food & Beverages, 3PL, Healthcare, Automotive & Aviation, Retail & Ecommerce, Paper & Pulp, Electronics & Semiconductors and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mitsubishi Logisnext Co., Ltd., Toyota Industries Corporation, Oceaneering International, Inc., Kuka AG (Swisslog Holding AG), Hyster-Yale Materials Handling, Inc., Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.), Jungheinrich AG, Balyo, KION GROUP AG and AGILOX Services GmbH
Autonomously driven forklifts are a more cost-effective option for highly repetitive processes in various industries such as distribution centers and manufacturing. Using unmanned forklifts eliminates the need for human operators, resulting in reduced labor costs. This technology can also be applied in a hybrid setting, further increasing efficiency and cost savings.
The integration of these operations can facilitate continuous round-the-clock coverage across multiple shifts. In addition, autonomous forklift trucks exhibit efficient speed control and routing coordination. This allows material flows to retain optimal levels as well as the use of energy is restricted to a minimum. According to facilities managers, the use of unmanned forklifts results in a significant reduction in damage to shelving, pallets, loads, and other trucks. This is due to the autonomous forklifts' ability to navigate with greater accuracy and safety than manned forklifts.
The modern manufacturing industry relies heavily on cutting-edge technologies and innovative techniques to enhance the quality of products, increase production speed, and reduce costs. Therefore, implementing advanced software and hardware has become imperative for survival in the present competitive landscape, owing to the region's workforce shortage.
The American market for automated solutions is one of the biggest and most developed in the world. The country's desire for automated solutions in the logistics industry is driven by the robust economy, which has increased e-commerce activity, port traffic, and other major manufacturing indicators that have all contributed to a significant increase in manufacturing. The need for automated forklifts and other AGVs like unit loading AGVs, tug AGVs, assembly lines, and special purpose goods, which are widely used in food and beverage manufacturing companies, is significantly increased due to this reason.
The US market dominated the North America Autonomous Forklift Market by Country in 2022; thereby, achieving a market value of $1,847.9 million by 2029. The Canada market is experiencing a CAGR of 15% during (2023-2029). Additionally, The Mexico would exhibit a CAGR of 14% during (2023-2029).
Based on Type, the market is segmented into Pallet Jacks and Pallet Stackers. Based on Application, the market is segmented into Material Handling, Warehousing, Logistics & Freight, Manufacturing and Others. Based on Navigation Technology, the market is segmented into Vision Guidance, Laser Guidance, Magnetic & Inductive Guidance, Optical Tape Guidance and SLAM & Others. Based on Tonnage Capacity, the market is segmented into Below 5 Tons, 5-10 Tons and Above 10 Tons. Based on Operation Type, the market is segmented into Indoor and Outdoor. Based on Propulsion Type, the market is segmented into Electric and ICE & Others. Based on Vertical, the market is segmented into Food & Beverages, 3PL, Healthcare, Automotive & Aviation, Retail & Ecommerce, Paper & Pulp, Electronics & Semiconductors and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mitsubishi Logisnext Co., Ltd., Toyota Industries Corporation, Oceaneering International, Inc., Kuka AG (Swisslog Holding AG), Hyster-Yale Materials Handling, Inc., Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.), Jungheinrich AG, Balyo, KION GROUP AG and AGILOX Services GmbH
Scope of the Study
By Type
- Pallet Jacks
- Pallet Stackers
By Application
- Material Handling
- Warehousing
- Logistics & Freight
- Manufacturing
- Others
By Navigation Technology
- Vision Guidance
- Laser Guidance
- Magnetic & Inductive Guidance
- Optical Tape Guidance
- SLAM & Others
By Tonnage Capacity
- Below 5 Tons
- 5-10 Tons
- Above 10 Tons
By Operation Type
- Indoor
- Outdoor
By Propulsion Type
- Electric
- ICE & Others
By Vertical
- Food & Beverages
- 3PL
- Healthcare
- Automotive & Aviation
- Retail & Ecommerce
- Paper & Pulp
- Electronics & Semiconductors
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Mitsubishi Logisnext Co., Ltd.
- Toyota Industries Corporation
- Oceaneering International, Inc.
- Kuka AG (Swisslog Holding AG)
- Hyster-Yale Materials Handling, Inc.
- Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.)
- Jungheinrich AG
- Balyo
- KION GROUP AG
- AGILOX Services GmbH
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. North America Autonomous Forklift Market by Type
Chapter 5. North America Autonomous Forklift Market by Application
Chapter 6. North America Autonomous Forklift Market by Navigation Technology
Chapter 7. North America Autonomous Forklift Market by Tonnage Capacity
Chapter 8. North America Autonomous Forklift Market by Operation Type
Chapter 9. North America Autonomous Forklift Market by Propulsion Type
Chapter 10. North America Autonomous Forklift Market by Vertical
Chapter 11. North America Autonomous Forklift Market by Country
Chapter 12. Company Profiles
Companies Mentioned
- Mitsubishi Logisnext Co., Ltd.
- Toyota Industries Corporation
- Oceaneering International, Inc.
- Kuka AG (Swisslog Holding AG)
- Hyster-Yale Materials Handling, Inc.
- Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.)
- Jungheinrich AG
- Balyo
- KION GROUP AG
- AGILOX Services GmbH
Methodology
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