Market Overview:
The global autonomous forklifts market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for autonomous forklifts from various end-use industries, such as transportation and logistics, manufacturing, paper industry, wood industry, construction, automotive and food and beverages. Moreover, the increasing adoption of industrial robots is also contributing to the growth of this market. However, lack of awareness about autonomous forklifts among end-users may restrain the growth of this market during the forecast period.
Product Definition:
An autonomous forklift is a forklift that can move around without input from a driver. This allows for increased efficiency and safety in the workplace, as it removes the need for an operator to be present when the forklift is in use.
Autonomous Telescopic Handler Forklifts:
Autonomous telescopic handler forklifts are used to transfer material from one place to another without any human intervention. These forklifts have the ability to work in a predefined path and can reach and pick up items from different locations. The working principle of these devices is based on the optical system that includes a camera, LED light source, and an ultrasonic detector along with some other sensors that help in measuring the distance between objects.
Autonomous Industrial Side Loader Forklifts:
The autonomous industrial side loader forklifts are used to transport goods and materials from one place to another without any manual intervention. These vehicles have in-built sensors, which help them in avoiding obstacles while moving forward. The autonomous forklifts can be programmed using a remote control or they can be directly operated by the driver. They are equipped with GPS and other such devices that help the operator keep track of the vehicle's movement throughout its operation.
Application Insights:
The transportation and logistics segment accounted for the largest market share in 2017. The growth can be attributed to the increasing demand for automation in this industry. The rising need to reduce costs, increase productivity, and focus on core business is driving adoption of autonomous forklifts across shipping and storage warehouses among other industries.
The manufacturing segment is expected to grow at a significant rate over the forecast period owing to various advantages offered by autonomous forklifts such as increased safety levels, reduced human effort, improved reliability & efficiency along with cost savings resulting from reduced downtime due to mechanical failure or operator error reduction etc. These benefits are estimated to drive adoption of these machines across numerous industrial applications including automotive production lines among others during next eight years (2018-2030).
Autonomous telescopic handler Forkelift trucks have been gaining popularity in warehouse facilities where heavy lifting is required frequently throughout products life cycle stages i.e.
Regional Analysis:
The Asia Pacific region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing investments in automation, rising adoption of electric vehicles, and growing demand for industrial robots. Increasing government initiatives towards implementation of autonomous vehicles are also anticipated to drive regional growth over the coming years. For instance, Japan has been working on developing a new law that would allow robotaxis operated by companies such as Daimler AG and Nissan Motor Co., Ltd.
Growth Factors:
- Increasing demand for warehouse automation to drive the growth of the autonomous forklifts market
- Rising demand for electric and hybrid vehicles across different industries is expected to fuel the growth of the autonomous forklifts market
- Proliferation of Internet of Things (IoT) is anticipated to create new opportunities for the autonomous forklifts market in near future
- Growing trend of Industry 4.0 is expected to have a positive impact on the growth prospects of autonomous forklift market in coming years
- Stringent government regulations pertaining to emission and safety are likely to propel adoption rates of autonomous forklifts over conventional ones
Scope Of The Report
Report Attributes
Report Details
Report Title
Autonomous Forklifts Market Research Report
By Type
Autonomous Telescopic Handler Forklifts, Autonomous Industrial Side Loader Forklifts, Autonomous Rough Terrain Forklifts, Autonomous Industrial Counterbalance Forklifts, Other
By Application
Transportation & Logistics, Manufacturing, Paper Industry, Wood Industry, Construction, Automotive, Food and Beverages, Other
By Companies
Toyota Industries, Mitsubishi Heavy Industries, Hyster-Yale Materials Handling, Jungheinrich, Doosan, Volvo, Komatsu, KION GROUP, Hyundai Construction Equipment, Cat Lift Truck, NITCO, Anhui Heli, Anhui Yufeng Warehousing Equipment, BHS Corrugated, BALYO, CLARK, Godrej Industries, Corecon, HANGCHA Group, SINKOBE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Autonomous Forklifts Market Report Segments:
The global Autonomous Forklifts market is segmented on the basis of:
Types
Autonomous Telescopic Handler Forklifts, Autonomous Industrial Side Loader Forklifts, Autonomous Rough Terrain Forklifts, Autonomous Industrial Counterbalance Forklifts, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation & Logistics, Manufacturing, Paper Industry, Wood Industry, Construction, Automotive, Food and Beverages, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Toyota Industries
- Mitsubishi Heavy Industries
- Hyster-Yale Materials Handling
- Jungheinrich
- Doosan
- Volvo
- Komatsu
- KION GROUP
- Hyundai Construction Equipment
- Cat Lift Truck
- NITCO
- Anhui Heli
- Anhui Yufeng Warehousing Equipment
- BHS Corrugated
- BALYO
- CLARK
- Godrej Industries
- Corecon
- HANGCHA Group
- SINKOBE
Highlights of The Autonomous Forklifts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Autonomous Telescopic Handler Forklifts
- Autonomous Industrial Side Loader Forklifts
- Autonomous Rough Terrain Forklifts
- Autonomous Industrial Counterbalance Forklifts
- Other
- By Application:
- Transportation & Logistics
- Manufacturing
- Paper Industry
- Wood Industry
- Construction
- Automotive
- Food and Beverages
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Autonomous Forklifts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Autonomous forklifts are self-driving machines that move goods around warehouses and other facilities. They can autonomously navigate their way through a facility, picking up and dropping off cargo as they go.
Some of the major players in the autonomous forklifts market are Toyota Industries, Mitsubishi Heavy Industries, Hyster-Yale Materials Handling, Jungheinrich, Doosan, Volvo, Komatsu, KION GROUP, Hyundai Construction Equipment, Cat Lift Truck, NITCO, Anhui Heli, Anhui Yufeng Warehousing Equipment, BHS Corrugated, BALYO, CLARK, Godrej Industries, Corecon, HANGCHA Group, SINKOBE.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Autonomous Forklifts Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Autonomous Forklifts Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Autonomous Forklifts Market - Supply Chain
4.5. Global Autonomous Forklifts Market Forecast
4.5.1. Autonomous Forklifts Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Autonomous Forklifts Market Size (000 Units) and Y-o-Y Growth
4.5.3. Autonomous Forklifts Market Absolute $ Opportunity
5. Global Autonomous Forklifts Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Autonomous Forklifts Market Size and Volume Forecast by Type
5.3.1. Autonomous Telescopic Handler Forklifts
5.3.2. Autonomous Industrial Side Loader Forklifts
5.3.3. Autonomous Rough Terrain Forklifts
5.3.4. Autonomous Industrial Counterbalance Forklifts
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Autonomous Forklifts Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Autonomous Forklifts Market Size and Volume Forecast by Application
6.3.1. Transportation & Logistics
6.3.2. Manufacturing
6.3.3. Paper Industry
6.3.4. Wood Industry
6.3.5. Construction
6.3.6. Automotive
6.3.7. Food and Beverages
6.3.8. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Autonomous Forklifts Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Autonomous Forklifts Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Autonomous Forklifts Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Autonomous Forklifts Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Autonomous Forklifts Demand Share Forecast, 2019-2026
9. North America Autonomous Forklifts Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Autonomous Forklifts Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Autonomous Forklifts Market Size and Volume Forecast by Application
9.4.1. Transportation & Logistics
9.4.2. Manufacturing
9.4.3. Paper Industry
9.4.4. Wood Industry
9.4.5. Construction
9.4.6. Automotive
9.4.7. Food and Beverages
9.4.8. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Autonomous Forklifts Market Size and Volume Forecast by Type
9.7.1. Autonomous Telescopic Handler Forklifts
9.7.2. Autonomous Industrial Side Loader Forklifts
9.7.3. Autonomous Rough Terrain Forklifts
9.7.4. Autonomous Industrial Counterbalance Forklifts
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Autonomous Forklifts Demand Share Forecast, 2019-2026
10. Latin America Autonomous Forklifts Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Autonomous Forklifts Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Autonomous Forklifts Market Size and Volume Forecast by Application
10.4.1. Transportation & Logistics
10.4.2. Manufacturing
10.4.3. Paper Industry
10.4.4. Wood Industry
10.4.5. Construction
10.4.6. Automotive
10.4.7. Food and Beverages
10.4.8. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Autonomous Forklifts Market Size and Volume Forecast by Type
10.7.1. Autonomous Telescopic Handler Forklifts
10.7.2. Autonomous Industrial Side Loader Forklifts
10.7.3. Autonomous Rough Terrain Forklifts
10.7.4. Autonomous Industrial Counterbalance Forklifts
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Autonomous Forklifts Demand Share Forecast, 2019-2026
11. Europe Autonomous Forklifts Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Autonomous Forklifts Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Autonomous Forklifts Market Size and Volume Forecast by Application
11.4.1. Transportation & Logistics
11.4.2. Manufacturing
11.4.3. Paper Industry
11.4.4. Wood Industry
11.4.5. Construction
11.4.6. Automotive
11.4.7. Food and Beverages
11.4.8. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Autonomous Forklifts Market Size and Volume Forecast by Type
11.7.1. Autonomous Telescopic Handler Frklifts
11.7.2. Autonomous Industrial Side Loader Forklifts
11.7.3. Autonomous Rough Terrain Forklifts
11.7.4. Autonomous Industrial Counterbalance Forklifts
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Autonomous Forklifts Demand Share, 2019-2026
12. Asia Pacific Autonomous Forklifts Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Autonomous Forklifts Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Autonomous Forklifts Market Size and Volume Forecast by Application
12.4.1. Transportation & Logistics
12.4.2. Manufacturing
12.4.3. Paper Industry
12.4.4. Wood Industry
12.4.5. Construction
12.4.6. Automotive
12.4.7. Food and Beverages
12.4.8. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Autonomous Forklifts Market Size and Volume Forecast by Type
12.7.1. Autonomous Telescopic Handler Forklifts
12.7.2. Autonomous Industrial Side Loader Forklifts
12.7.3. Autonomous Rough Terrain Forklifts
12.7.4. Autonomous Industrial Counterbalance Forklifts
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Autonomous Forklifts Demand Share, 2019-2026
13. Middle East & Africa Autonomous Forklifts Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Autonomous Forklifts Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Autonomous Forklifts Market Size and Volume Forecast by Application
13.4.1. Transportation & Logistics
13.4.2. Manufacturing
13.4.3. Paper Industry
13.4.4. Wood Industry
13.4.5. Construction
13.4.6. Automotive
13.4.7. Food and Beverages
13.4.8. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Autonomous Forklifts Market Size and Volume Forecast by Type
13.7.1. Autonomous Telescopic Handler Forklifts
13.7.2. Autonomous Industrial Side Loader Forklifts
13.7.3. Autonomous Rough Terrain Forklifts
13.7.4. Autonomous Industrial Counterbalance Forklifts
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Autonomous Forklifts Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Autonomous Forklifts Market: Market Share Analysis
14.2. Autonomous Forklifts Distributors and Customers
14.3. Autonomous Forklifts Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Toyota Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mitsubishi Heavy Industries
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hyster-Yale Materials Handling
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Jungheinrich
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Doosan
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Volvo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Komatsu
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. KION GROUP
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hyundai Construction Equipment
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cat Lift Truck
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. NITCO
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Anhui Heli
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Anhui Yufeng Warehousing Equipment
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. BHS Corrugated
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. BALYO
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. CLARK
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Godrej Industries
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Corecon
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. HANGCHA Group
14.4.19.1. Overview
