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Autonomous Forklift Market by Tonnage, Navigation Technology, End-use, Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 345 Pages
  • February 2023
  • Region: Global
  • Allied Market Research
  • ID: 5781801
Description Jump to:
The integration of electronics, IoT, communication systems, and others, will reduce human intervention in machines. Autonomous forklifts are one of the innovations that can load, unload and transport goods without human intervention. In addition, forklifts can be independently maneuvered within warehouses and transport heavy loads without damage. Autonomous forklifts are equipped with cameras and sensors that provide information about their operation. Also, automatic forklifts operate according to programs loaded in software. Due to such benefits offered by autonomous forklifts, factory owners are increasingly procuring autonomous forklifts for transporting goods, which creates ample opportunities for the growth of the market across the globe.

The autonomous forklift market is segmented into tonnage, navigation technology, end-use, application and region. By tonnage, the market is classified into below 5 Tons, 5-10 Tons, and above 10 Tons. On the basis of navigation technology, it is segregated into laser, vision, optical tape, magnetic and inductive guidance. Depending on end-use, it is bifurcated into retail & wholesale, logistics, automotive, food industry and others. By application, the market is classified into indoor and outdoor. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in this report include Agilox Services GmbH, Balyo, Hyster-Yale Materials Handling, Hyundai Construction Equipment Co., Ltd., Jungheinrich AG, KION Group AG, Mitsubishi Logisnext Co., Ltd., Oceaengineering International, Inc., Swisslog AG, and Toyota Industries Corporation.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the autonomous forklift market analysis from 2021 to 2031 to identify the prevailing autonomous forklift market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the autonomous forklift market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global autonomous forklift market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Tonnage

  • Below 5 Tons
  • 5 to 10 Tons
  • Above 10 Tons

By Navigation Technology

  • Laser
  • Vision
  • Optical Tape
  • Magnetic
  • Inductive Guidance

By End Use

  • Retail and Wholesale
  • Logistics
  • Automotive
  • Food Industry
  • Others

By Application

  • Indoor
  • Outdoor

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • France
  • Germany
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Mitsubishi Logisnext Co., Ltd.
  • Toyota Industries Corporation
  • Jungheinrich AG
  • BALYO
  • KION GROUP AG
  • Oceaneering International, Inc.
  • AGILOX Services GmbH
  • Swisslog Holding AG
  • Hyster-Yale Materials Handling, Inc.,
  • Hyundai Construction Equipment Co., Ltd.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate bargaining power of buyers
3.3.3. Moderate threat of substitutes
3.3.4. High threat of new entrants
3.3.5. Moderate intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Surging demand for automation solution in various industries
3.4.1.2. Reduction of labor cost in organizations
3.4.1.3. Increase in safety, accuracy and productivity
3.4.2. Restraints
3.4.2.1. Lack in flexibility of autonomous forklift
3.4.2.2. High initial investment cost
3.4.3. Opportunities
3.4.3.1. Growth in e-commerce industry
3.4.3.2. Incorporation of industry 4.0.
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE
4.1. Overview
4.1.1. Market size and forecast
4.2. Below 5 Tons
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. 5 to 10 Tons
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Above 10 Tons
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY
5.1. Overview
5.1.1. Market size and forecast
5.2. Laser
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Vision
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Optical Tape
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Magnetic
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
5.6. Inductive Guidance
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market share analysis by country
CHAPTER 6: AUTONOMOUS FORKLIFT MARKET, BY END USE
6.1. Overview
6.1.1. Market size and forecast
6.2. Retail and Wholesale
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Logistics
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Automotive
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Food Industry
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
6.6. Others
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis by country
CHAPTER 7: AUTONOMOUS FORKLIFT MARKET, BY APPLICATION
7.1. Overview
7.1.1. Market size and forecast
7.2. Indoor
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market share analysis by country
7.3. Outdoor
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market share analysis by country
CHAPTER 8: AUTONOMOUS FORKLIFT MARKET, BY REGION
8.1. Overview
8.1.1. Market size and forecast By Region
8.2. North America
8.2.1. Key trends and opportunities
8.2.2. Market size and forecast, by Tonnage
8.2.3. Market size and forecast, by Navigation Technology
8.2.4. Market size and forecast, by End Use
8.2.5. Market size and forecast, by Application
8.2.6. Market size and forecast, by country
8.2.6.1. U.S.
8.2.6.1.1. Key market trends, growth factors and opportunities
8.2.6.1.2. Market size and forecast, by Tonnage
8.2.6.1.3. Market size and forecast, by Navigation Technology
8.2.6.1.4. Market size and forecast, by End Use
8.2.6.1.5. Market size and forecast, by Application
8.2.6.2. Canada
8.2.6.2.1. Key market trends, growth factors and opportunities
8.2.6.2.2. Market size and forecast, by Tonnage
8.2.6.2.3. Market size and forecast, by Navigation Technology
8.2.6.2.4. Market size and forecast, by End Use
8.2.6.2.5. Market size and forecast, by Application
8.2.6.3. Mexico
8.2.6.3.1. Key market trends, growth factors and opportunities
8.2.6.3.2. Market size and forecast, by Tonnage
8.2.6.3.3. Market size and forecast, by Navigation Technology
8.2.6.3.4. Market size and forecast, by End Use
8.2.6.3.5. Market size and forecast, by Application
8.3. Europe
8.3.1. Key trends and opportunities
8.3.2. Market size and forecast, by Tonnage
8.3.3. Market size and forecast, by Navigation Technology
8.3.4. Market size and forecast, by End Use
8.3.5. Market size and forecast, by Application
8.3.6. Market size and forecast, by country
8.3.6.1. UK
8.3.6.1.1. Key market trends, growth factors and opportunities
8.3.6.1.2. Market size and forecast, by Tonnage
8.3.6.1.3. Market size and forecast, by Navigation Technology
8.3.6.1.4. Market size and forecast, by End Use
8.3.6.1.5. Market size and forecast, by Application
8.3.6.2. France
8.3.6.2.1. Key market trends, growth factors and opportunities
8.3.6.2.2. Market size and forecast, by Tonnage
8.3.6.2.3. Market size and forecast, by Navigation Technology
8.3.6.2.4. Market size and forecast, by End Use
8.3.6.2.5. Market size and forecast, by Application
8.3.6.3. Germany
8.3.6.3.1. Key market trends, growth factors and opportunities
8.3.6.3.2. Market size and forecast, by Tonnage
8.3.6.3.3. Market size and forecast, by Navigation Technology
8.3.6.3.4. Market size and forecast, by End Use
8.3.6.3.5. Market size and forecast, by Application
8.3.6.4. Italy
8.3.6.4.1. Key market trends, growth factors and opportunities
8.3.6.4.2. Market size and forecast, by Tonnage
8.3.6.4.3. Market size and forecast, by Navigation Technology
8.3.6.4.4. Market size and forecast, by End Use
8.3.6.4.5. Market size and forecast, by Application
8.3.6.5. Rest of Europe
8.3.6.5.1. Key market trends, growth factors and opportunities
8.3.6.5.2. Market size and forecast, by Tonnage
8.3.6.5.3. Market size and forecast, by Navigation Technology
8.3.6.5.4. Market size and forecast, by End Use
8.3.6.5.5. Market size and forecast, by Application
8.4. Asia-Pacific
8.4.1. Key trends and opportunities
8.4.2. Market size and forecast, by Tonnage
8.4.3. Market size and forecast, by Navigation Technology
8.4.4. Market size and forecast, by End Use
8.4.5. Market size and forecast, by Application
8.4.6. Market size and forecast, by country
8.4.6.1. China
8.4.6.1.1. Key market trends, growth factors and opportunities
8.4.6.1.2. Market size and forecast, by Tonnage
8.4.6.1.3. Market size and forecast, by Navigation Technology
8.4.6.1.4. Market size and forecast, by End Use
8.4.6.1.5. Market size and forecast, by Application
8.4.6.2. Japan
8.4.6.2.1. Key market trends, growth factors and opportunities
8.4.6.2.2. Market size and forecast, by Tonnage
8.4.6.2.3. Market size and forecast, by Navigation Technology
8.4.6.2.4. Market size and forecast, by End Use
8.4.6.2.5. Market size and forecast, by Application
8.4.6.3. India
8.4.6.3.1. Key market trends, growth factors and opportunities
8.4.6.3.2. Market size and forecast, by Tonnage
8.4.6.3.3. Market size and forecast, by Navigation Technology
8.4.6.3.4. Market size and forecast, by End Use
8.4.6.3.5. Market size and forecast, by Application
8.4.6.4. Australia
8.4.6.4.1. Key market trends, growth factors and opportunities
8.4.6.4.2. Market size and forecast, by Tonnage
8.4.6.4.3. Market size and forecast, by Navigation Technology
8.4.6.4.4. Market size and forecast, by End Use
8.4.6.4.5. Market size and forecast, by Application
8.4.6.5. Rest of Asia-Pacific
8.4.6.5.1. Key market trends, growth factors and opportunities
8.4.6.5.2. Market size and forecast, by Tonnage
8.4.6.5.3. Market size and forecast, by Navigation Technology
8.4.6.5.4. Market size and forecast, by End Use
8.4.6.5.5. Market size and forecast, by Application
8.5. LAMEA
8.5.1. Key trends and opportunities
8.5.2. Market size and forecast, by Tonnage
8.5.3. Market size and forecast, by Navigation Technology
8.5.4. Market size and forecast, by End Use
8.5.5. Market size and forecast, by Application
8.5.6. Market size and forecast, by country
8.5.6.1. Latin America
8.5.6.1.1. Key market trends, growth factors and opportunities
8.5.6.1.2. Market size and forecast, by Tonnage
8.5.6.1.3. Market size and forecast, by Navigation Technology
8.5.6.1.4. Market size and forecast, by End Use
8.5.6.1.5. Market size and forecast, by Application
8.5.6.2. Middle East
8.5.6.2.1. Key market trends, growth factors and opportunities
8.5.6.2.2. Market size and forecast, by Tonnage
8.5.6.2.3. Market size and forecast, by Navigation Technology
8.5.6.2.4. Market size and forecast, by End Use
8.5.6.2.5. Market size and forecast, by Application
8.5.6.3. Africa
8.5.6.3.1. Key market trends, growth factors and opportunities
8.5.6.3.2. Market size and forecast, by Tonnage
8.5.6.3.3. Market size and forecast, by Navigation Technology
8.5.6.3.4. Market size and forecast, by End Use
8.5.6.3.5. Market size and forecast, by Application
CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021
CHAPTER 10: COMPANY PROFILES
10.1. AGILOX Services GmbH
10.1.1. Company overview
10.1.2. Key Executives
10.1.3. Company snapshot
10.1.4. Operating business segments
10.1.5. Product portfolio
10.2. BALYO
10.2.1. Company overview
10.2.2. Key Executives
10.2.3. Company snapshot
10.2.4. Operating business segments
10.2.5. Product portfolio
10.2.6. Key strategic moves and developments
10.3. Hyster-Yale Materials Handling, Inc.,
10.3.1. Company overview
10.3.2. Key Executives
10.3.3. Company snapshot
10.3.4. Operating business segments
10.3.5. Product portfolio
10.3.6. Business performance
10.3.7. Key strategic moves and developments
10.4. Hyundai Construction Equipment Co., Ltd.
10.4.1. Company overview
10.4.2. Key Executives
10.4.3. Company snapshot
10.4.4. Operating business segments
10.4.5. Product portfolio
10.4.6. Key strategic moves and developments
10.5. Jungheinrich AG
10.5.1. Company overview
10.5.2. Key Executives
10.5.3. Company snapshot
10.5.4. Operating business segments
10.5.5. Product portfolio
10.5.6. Business performance
10.6. KION GROUP AG
10.6.1. Company overview
10.6.2. Key Executives
10.6.3. Company snapshot
10.6.4. Operating business segments
10.6.5. Product portfolio
10.6.6. Business performance
10.6.7. Key strategic moves and developments
10.7. Mitsubishi Logisnext Co., Ltd.
10.7.1. Company overview
10.7.2. Key Executives
10.7.3. Company snapshot
10.7.4. Operating business segments
10.7.5. Product portfolio
10.7.6. Business performance
10.7.7. Key strategic moves and developments
10.8. Oceaneering International, Inc.
10.8.1. Company overview
10.8.2. Key Executives
10.8.3. Company snapshot
10.8.4. Operating business segments
10.8.5. Product portfolio
10.8.6. Business performance
10.9. Swisslog Holding AG
10.9.1. Company overview
10.9.2. Key Executives
10.9.3. Company snapshot
10.9.4. Operating business segments
10.9.5. Product portfolio
10.9.6. Business performance
10.10. Toyota Industries Corporation
10.10.1. Company overview
10.10.2. Key Executives
10.10.3. Company snapshot
10.10.4. Operating business segments
10.10.5. Product portfolio
10.10.6. Business performance
10.10.7. Key strategic moves and developments
List of Tables
TABLE 01. GLOBAL AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 02. AUTONOMOUS FORKLIFT MARKET FOR BELOW 5 TONS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 03. AUTONOMOUS FORKLIFT MARKET FOR 5 TO 10 TONS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 04. AUTONOMOUS FORKLIFT MARKET FOR ABOVE 10 TONS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 05. GLOBAL AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 06. AUTONOMOUS FORKLIFT MARKET FOR LASER, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 07. AUTONOMOUS FORKLIFT MARKET FOR VISION, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 08. AUTONOMOUS FORKLIFT MARKET FOR OPTICAL TAPE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 09. AUTONOMOUS FORKLIFT MARKET FOR MAGNETIC, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 10. AUTONOMOUS FORKLIFT MARKET FOR INDUCTIVE GUIDANCE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 11. GLOBAL AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 12. AUTONOMOUS FORKLIFT MARKET FOR RETAIL AND WHOLESALE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 13. AUTONOMOUS FORKLIFT MARKET FOR LOGISTICS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 14. AUTONOMOUS FORKLIFT MARKET FOR AUTOMOTIVE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 15. AUTONOMOUS FORKLIFT MARKET FOR FOOD INDUSTRY, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 16. AUTONOMOUS FORKLIFT MARKET FOR OTHERS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 17. GLOBAL AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 18. AUTONOMOUS FORKLIFT MARKET FOR INDOOR, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 19. AUTONOMOUS FORKLIFT MARKET FOR OUTDOOR, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 20. AUTONOMOUS FORKLIFT MARKET, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 21. NORTH AMERICA AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 22. NORTH AMERICA AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 23. NORTH AMERICA AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 24. NORTH AMERICA AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 25. NORTH AMERICA AUTONOMOUS FORKLIFT MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 26. U.S. AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 27. U.S. AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 28. U.S. AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 29. U.S. AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 30. CANADA AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 31. CANADA AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 32. CANADA AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 33. CANADA AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 34. MEXICO AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 35. MEXICO AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 36. MEXICO AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 37. MEXICO AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 38. EUROPE AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 39. EUROPE AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 40. EUROPE AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 41. EUROPE AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 42. EUROPE AUTONOMOUS FORKLIFT MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 43. UK AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 44. UK AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 45. UK AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 46. UK AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 47. FRANCE AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 48. FRANCE AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 49. FRANCE AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 50. FRANCE AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 51. GERMANY AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 52. GERMANY AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 53. GERMANY AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 54. GERMANY AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 55. ITALY AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 56. ITALY AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 57. ITALY AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 58. ITALY AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 59. REST OF EUROPE AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 60. REST OF EUROPE AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 61. REST OF EUROPE AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 62. REST OF EUROPE AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 63. ASIA-PACIFIC AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 64. ASIA-PACIFIC AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 65. ASIA-PACIFIC AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 66. ASIA-PACIFIC AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 67. ASIA-PACIFIC AUTONOMOUS FORKLIFT MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 68. CHINA AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 69. CHINA AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 70. CHINA AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 71. CHINA AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 72. JAPAN AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 73. JAPAN AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 74. JAPAN AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 75. JAPAN AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 76. INDIA AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 77. INDIA AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 78. INDIA AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 79. INDIA AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 80. AUSTRALIA AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 81. AUSTRALIA AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 82. AUSTRALIA AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 83. AUSTRALIA AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 84. REST OF ASIA-PACIFIC AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 85. REST OF ASIA-PACIFIC AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 86. REST OF ASIA-PACIFIC AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 87. REST OF ASIA-PACIFIC AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 88. LAMEA AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 89. LAMEA AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 90. LAMEA AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 91. LAMEA AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 92. LAMEA AUTONOMOUS FORKLIFT MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 93. LATIN AMERICA AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 94. LATIN AMERICA AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 95. LATIN AMERICA AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 96. LATIN AMERICA AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 97. MIDDLE EAST AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 98. MIDDLE EAST AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 99. MIDDLE EAST AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 100. MIDDLE EAST AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 101. AFRICA AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021-2031 (REVENUE, $MILLION)
TABLE 102. AFRICA AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021-2031 (REVENUE, $MILLION)
TABLE 103. AFRICA AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 104. AFRICA AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 105. AGILOX SERVICES GMBH: KEY EXECUTIVES
TABLE 106. AGILOX SERVICES GMBH: COMPANY SNAPSHOT
TABLE 107. AGILOX SERVICES GMBH: PRODUCT SEGMENTS
TABLE 108. AGILOX SERVICES GMBH: PRODUCT PORTFOLIO
TABLE 109. BALYO: KEY EXECUTIVES
TABLE 110. BALYO: COMPANY SNAPSHOT
TABLE 111. BALYO: PRODUCT SEGMENTS
TABLE 112. BALYO: PRODUCT PORTFOLIO
TABLE 113. BALYO: KEY STRATERGIES
TABLE 114. HYSTER-YALE MATERIALS HANDLING, INC.,: KEY EXECUTIVES
TABLE 115. HYSTER-YALE MATERIALS HANDLING, INC.,: COMPANY SNAPSHOT
TABLE 116. HYSTER-YALE MATERIALS HANDLING, INC.,: PRODUCT SEGMENTS
TABLE 117. HYSTER-YALE MATERIALS HANDLING, INC.,: PRODUCT PORTFOLIO
TABLE 118. HYSTER-YALE MATERIALS HANDLING, INC.,: KEY STRATERGIES
TABLE 119. HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: KEY EXECUTIVES
TABLE 120. HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: COMPANY SNAPSHOT
TABLE 121. HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: PRODUCT SEGMENTS
TABLE 122. HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: PRODUCT PORTFOLIO
TABLE 123. HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.: KEY STRATERGIES
TABLE 124. JUNGHEINRICH AG: KEY EXECUTIVES
TABLE 125. JUNGHEINRICH AG: COMPANY SNAPSHOT
TABLE 126. JUNGHEINRICH AG: PRODUCT SEGMENTS
TABLE 127. JUNGHEINRICH AG: PRODUCT PORTFOLIO
TABLE 128. KION GROUP AG: KEY EXECUTIVES
TABLE 129. KION GROUP AG: COMPANY SNAPSHOT
TABLE 130. KION GROUP AG: PRODUCT SEGMENTS
TABLE 131. KION GROUP AG: PRODUCT PORTFOLIO
TABLE 132. KION GROUP AG: KEY STRATERGIES
TABLE 133. MITSUBISHI LOGISNEXT CO., LTD.: KEY EXECUTIVES
TABLE 134. MITSUBISHI LOGISNEXT CO., LTD.: COMPANY SNAPSHOT
TABLE 135. MITSUBISHI LOGISNEXT CO., LTD.: PRODUCT SEGMENTS
TABLE 136. MITSUBISHI LOGISNEXT CO., LTD.: PRODUCT PORTFOLIO
TABLE 137. MITSUBISHI LOGISNEXT CO., LTD.: KEY STRATERGIES
TABLE 138. OCEANEERING INTERNATIONAL, INC.: KEY EXECUTIVES
TABLE 139. OCEANEERING INTERNATIONAL, INC.: COMPANY SNAPSHOT
TABLE 140. OCEANEERING INTERNATIONAL, INC.: PRODUCT SEGMENTS
TABLE 141. OCEANEERING INTERNATIONAL, INC.: PRODUCT PORTFOLIO
TABLE 142. SWISSLOG HOLDING AG: KEY EXECUTIVES
TABLE 143. SWISSLOG HOLDING AG: COMPANY SNAPSHOT
TABLE 144. SWISSLOG HOLDING AG: PRODUCT SEGMENTS
TABLE 145. SWISSLOG HOLDING AG: PRODUCT PORTFOLIO
TABLE 146. TOYOTA INDUSTRIES CORPORATION: KEY EXECUTIVES
TABLE 147. TOYOTA INDUSTRIES CORPORATION: COMPANY SNAPSHOT
TABLE 148. TOYOTA INDUSTRIES CORPORATION: PRODUCT SEGMENTS
TABLE 149. TOYOTA INDUSTRIES CORPORATION: PRODUCT PORTFOLIO
TABLE 150. TOYOTA INDUSTRIES CORPORATION: KEY STRATERGIES
List of Figures
FIGURE 01. AUTONOMOUS FORKLIFT MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF AUTONOMOUS FORKLIFT MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN AUTONOMOUS FORKLIFT MARKET (2022-2031)
FIGURE 04. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05. MODERATE BARGAINING POWER OF BUYERS
FIGURE 06. MODERATE THREAT OF SUBSTITUTES
FIGURE 07. HIGH THREAT OF NEW ENTRANTS
FIGURE 08. MODERATE INTENSITY OF RIVALRY
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALAUTONOMOUS FORKLIFT MARKET
FIGURE 10. AUTONOMOUS FORKLIFT MARKET, BY TONNAGE, 2021 (%)
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF AUTONOMOUS FORKLIFT MARKET FOR BELOW 5 TONS, BY COUNTRY 2021-2031 (%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF AUTONOMOUS FORKLIFT MARKET FOR 5 TO 10 TONS, BY COUNTRY 2021-2031 (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF AUTONOMOUS FORKLIFT MARKET FOR ABOVE 10 TONS, BY COUNTRY 2021-2031 (%)
FIGURE 14. AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY, 2021 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF AUTONOMOUS FORKLIFT MARKET FOR LASER, BY COUNTRY 2021-2031 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF AUTONOMOUS FORKLIFT MARKET FOR VISION, BY COUNTRY 2021-2031 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF AUTONOMOUS FORKLIFT MARKET FOR OPTICAL TAPE, BY COUNTRY 2021-2031 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF AUTONOMOUS FORKLIFT MARKET FOR MAGNETIC, BY COUNTRY 2021-2031 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF AUTONOMOUS FORKLIFT MARKET FOR INDUCTIVE GUIDANCE, BY COUNTRY 2021-2031 (%)
FIGURE 20. AUTONOMOUS FORKLIFT MARKET, BY END USE, 2021 (%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF AUTONOMOUS FORKLIFT MARKET FOR RETAIL AND WHOLESALE, BY COUNTRY 2021-2031 (%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF AUTONOMOUS FORKLIFT MARKET FOR LOGISTICS, BY COUNTRY 2021-2031 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF AUTONOMOUS FORKLIFT MARKET FOR AUTOMOTIVE, BY COUNTRY 2021-2031 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF AUTONOMOUS FORKLIFT MARKET FOR FOOD INDUSTRY, BY COUNTRY 2021-2031 (%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF AUTONOMOUS FORKLIFT MARKET FOR OTHERS, BY COUNTRY 2021-2031 (%)
FIGURE 26. AUTONOMOUS FORKLIFT MARKET, BY APPLICATION, 2021 (%)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF AUTONOMOUS FORKLIFT MARKET FOR INDOOR, BY COUNTRY 2021-2031 (%)
FIGURE 28. COMPARATIVE SHARE ANALYSIS OF AUTONOMOUS FORKLIFT MARKET FOR OUTDOOR, BY COUNTRY 2021-2031 (%)
FIGURE 29. AUTONOMOUS FORKLIFT MARKET BY REGION, 2021
FIGURE 30. U.S. AUTONOMOUS FORKLIFT MARKET, 2021-2031 ($MILLION)
FIGURE 31. CANADA AUTONOMOUS FORKLIFT MARKET, 2021-2031 ($MILLION)
FIGURE 32. MEXICO AUTONOMOUS FORKLIFT MARKET, 2021-2031 ($MILLION)
FIGURE 33. UK AUTONOMOUS FORKLIFT MARKET, 2021-2031 ($MILLION)
FIGURE 34. FRANCE AUTONOMOUS FORKLIFT MARKET, 2021-2031 ($MILLION)
FIGURE 35. GERMANY AUTONOMOUS FORKLIFT MARKET, 2021-2031 ($MILLION)
FIGURE 36. ITALY AUTONOMOUS FORKLIFT MARKET, 2021-2031 ($MILLION)
FIGURE 37. REST OF EUROPE AUTONOMOUS FORKLIFT MARKET, 2021-2031 ($MILLION)
FIGURE 38. CHINA AUTONOMOUS FORKLIFT MARKET, 2021-2031 ($MILLION)
FIGURE 39. JAPAN AUTONOMOUS FORKLIFT MARKET, 2021-2031 ($MILLION)
FIGURE 40. INDIA AUTONOMOUS FORKLIFT MARKET, 2021-2031 ($MILLION)
FIGURE 41. AUSTRALIA AUTONOMOUS FORKLIFT MARKET, 2021-2031 ($MILLION)
FIGURE 42. REST OF ASIA-PACIFIC AUTONOMOUS FORKLIFT MARKET, 2021-2031 ($MILLION)
FIGURE 43. LATIN AMERICA AUTONOMOUS FORKLIFT MARKET, 2021-2031 ($MILLION)
FIGURE 44. MIDDLE EAST AUTONOMOUS FORKLIFT MARKET, 2021-2031 ($MILLION)
FIGURE 45. AFRICA AUTONOMOUS FORKLIFT MARKET, 2021-2031 ($MILLION)
FIGURE 46. TOP WINNING STRATEGIES, BY YEAR
FIGURE 47. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 48. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 49. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 50. COMPETITIVE DASHBOARD
FIGURE 51. COMPETITIVE HEATMAP: AUTONOMOUS FORKLIFT MARKET
FIGURE 52. TOP PLAYER POSITIONING, 2021
FIGURE 53. HYSTER-YALE MATERIALS HANDLING, INC.,: NET SALES, 2019-2021 ($MILLION)
FIGURE 54. HYSTER-YALE MATERIALS HANDLING, INC.,: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 55. HYSTER-YALE MATERIALS HANDLING, INC.,: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 56. JUNGHEINRICH AG: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 57. JUNGHEINRICH AG: NET SALES, 2019-2021 ($MILLION)
FIGURE 58. JUNGHEINRICH AG: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 59. JUNGHEINRICH AG: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 60. KION GROUP AG: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 61. KION GROUP AG: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 62. KION GROUP AG: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 63. KION GROUP AG: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 64. MITSUBISHI LOGISNEXT CO., LTD.: NET SALES, 2019-2021 ($MILLION)
FIGURE 65. OCEANEERING INTERNATIONAL, INC.: NET SALES, 2019-2021 ($MILLION)
FIGURE 66. OCEANEERING INTERNATIONAL, INC.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 67. OCEANEERING INTERNATIONAL, INC.: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 68. SWISSLOG HOLDING AG: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 69. SWISSLOG HOLDING AG: NET SALES, 2019-2021 ($MILLION)
FIGURE 70. SWISSLOG HOLDING AG: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 71. SWISSLOG HOLDING AG: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 72. TOYOTA INDUSTRIES CORPORATION: NET SALES, 2019-2021 ($MILLION)
FIGURE 73. TOYOTA INDUSTRIES CORPORATION: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021
FIGURE 74. TOYOTA INDUSTRIES CORPORATION: REVENUE SHARE BY SEGMENT, 2021 (%)

Executive Summary

The Autonomous Forklift Market is expected to experience a significant growth rate of 11.9% from 2022 to 2031 owing to the increasing trend for automated guided vehicles to be used in different industries across the globe.

Autonomous forklifts are also known as self-propelled forklifts that lift goods without human assistance. All storage services can be handled individually. This eliminates the need for human labor for warehouse operations. Defects introduced by human intervention in warehouse operations can be conveniently managed with the advent of automated forklifts. The rapid growth of the logistics and construction industries has increased the demand for autonomous devices. The need to handle heavy loads in material handling and supply chains is driving the demand for automated forklifts. Advances in technology have also increased the efficiency of industrial trucks. Automated forklifts make a significant contribution to optimizing intralogistics processes. This ensures that the right part is always in the right place at the right time. This technology helps drivers avoid potential hazards by calculating the safest maneuver in difficult situations. This will significantly reduce accidents.

The key factors driving the growth of autonomous forklift market includes surging demand for automation solution in various industries, reduction of labor cost in organizations, and increase in safety, accuracy & productivity which creates a wider scope for the growth of the market across the globe. For instance, Flipkart is using artificial intelligence (AI) powered bots that enable bots and humans to work together efficiently. Around 350 AI-powered bots monitored autonomous forklift assist operators to process almost 4,500 shipments per hour at twice the speed with remarkable accuracy. Furthermore, company claims that with the adoption of these bots the throughput and storage capacity has doubled as well. Thus, increasing demand for automation will further help in driving demand of autonomous forklift market.

The market also offers opportunistic factors to the key players operating in the market to enhance their services, which creates ample opportunities for the growth of the market across the globe. This includes growth in e-commerce industry and incorporation of industry 4.0. which crates ample opportunities for the growth of the market across the globe. The e-commerce market continues to grow at a significant rate. Increase in demand for consumer products has led to rise in requirement of warehousing space, for storage of products, which are then distributed to retail stores in bulk, via pallet loads, and cases. Various distribution strategies and warehouse technologies are adopted to distribute the products to the location without any damage. To reduce time and space, forklift is used in the warehouses to place and arrange materials or goods in a proper manner. As per the usage, these trucks are available in different models such as counterbalanced sit-down riders, swing-reach turrets, and order pickers, with different power options including electric, natural gas, diesel, autonomous and gasoline. For instance, in May 2021, according to UNCTAD, a United Nation Conference on Trade and Development expert, the share of the global e-commerce sector's retail sales increased dramatically from 16% to 19% in 2020. Similarly, according to the India Brand Equity Foundation (IBEF) organization, India's e-commerce is expected to reach $99 billion by 2024, growing 27.00% compared to 2019-2024, with food and fashion apparel expected to be major products in it. Thus, developments and growth in the e-commerce industry will further provide opportunities for global autonomous forklift market.

The autonomous forklift market is segmented into tonnage, navigation technology, end-use, application and region. By tonnage, the market is classified into below 5 Tons, 5-10 Tons, and above 10 Tons. On the basis of navigation technology, it is segregated into the laser, vision, optical tape, magnetic and inductive guidance. Depending on end-use, it is classified into retail & wholesale, logistics, automotive, food industry, and others. By application, the market is classified into indoor and outdoor. Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia and the Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players profiled in the study include Agilox Services GmbH, Balyo, Hyster-Yale Materials Handling, Hyundai Construction Equipment Co., Ltd., Jungheinrich AG, KION Group AG, Mitsubishi Logisnext Co., Ltd., Oceaengineering International, Inc., Swisslog AG, and Toyota Industries Corporation. For instance, in January, 2023, BALYO received investment from Danone Group for the manufacturing of “REACHY” robot forklifts. Similarly, in September, 2021, Hyster-yale materials handling, inc., with Association for Advancing Automation (A3) developed advance automation technology. As a member of A3, Hyster continues to innovate robotic lift trucks, which include a robotic tow tractor, end rider, counterbalanced stacker, and reach truck. Similarly, in May, 2020, Hyundai Construction Equipment Co., Ltd. (HCE) entered into a partnership with Korea Telecom to develop driverless autonomous forklift trucks and smart logistics solutions using 5G technology-based solutions. Such developments carried out by these manufacturers create ample opportunities for the growth of the market across the globe.

Key Market Insights

  • By tonnage, the above 10 tons segment was the highest revenue contributor to the market, and is estimated to reach $4.32 billion by 2031, with a CAGR of 12.0%.
  • By navigation technology, the laser segment dominated the global market, and is estimated to reach $3.6 billion by 2031, with a CAGR of 11.2%.
  • By end use, the retail & wholesale segment was the highest revenue contributor to the market, with $3.3 billion in 2031, with a CAGR of 9.4%.
  • By application, the indoor segment was the highest revenue contributor to the market, with $6.6 billion in 2031, with a CAGR of 11.4%.
  • By region, Asia-Pacific was the highest revenue contributor, accounting for $3.9 billion in 2031, with a CAGR of 10.5% during the forecast period.

Companies Mentioned

  • Mitsubishi Logisnext Co., Ltd.
  • Toyota Industries Corporation
  • Jungheinrich AG
  • BALYO
  • KION GROUP AG
  • Oceaneering International, Inc.
  • AGILOX Services GmbH
  • Swisslog Holding AG
  • Hyster-Yale Materials Handling, Inc.
  • Hyundai Construction Equipment Co., Ltd.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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