Market Overview:
The global forklift sensory systems market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for forklifts in various industrial applications, such as construction, warehouse & logistics, automotive, and others. Additionally, the growing awareness about safety regulations across different industries is also propelling the demand for forklift sensory systems globally. The global forklift sensory systems market can be segmented on the basis of type into gripper sensor, fork inclination sensor, and others. The gripper sensor segment is expected to hold a major share of the global market during the forecast period owing to its wide application in various industrial sectors. On the basis of application, construction held a dominant share of 43% in 2017 and is projected to grow at a CAGR of 6% during 2018-2030 owing to increasing infrastructure development activities across different regions worldwide.
Product Definition:
Forklift Sensory Systems are a system of devices and sensors that allow forklifts to interact with their surroundings. This system is important because it allows forklifts to move safely and efficiently in tight spaces.
Gripper Sensor:
Gripper sensor is a device that is used in forklift sensory systems for detecting the presence and position of load. Forklift sensors are an integral part of forklifts, without them, the forklifts would be unable to detect when a load is present or reach out to pick it up. The system comprises of various components such as infrared detectors, ultrasonic sensors or electromagnetic pickups which work together to enable the sensing and alerting capabilities of a forklift.
Fork Inclination:
Fork inclination is a device used in forklift sensory systems to help the driver maintain proper balance and stability while operating the forklift. It helps prevent accidents caused by improper balancing, which may lead to loss of control of the vehicle and could result in injury or damage to persons or property.
The system consists of an inclinometer mounted on a bracket that can be attached either above or below the steering wheel.
Application Insights:
The construction application segment led the market and accounted for more than 24.0% share of the global revenue in 2017. The growth can be attributed to increasing demand for construction materials and equipment, such as cement, steel, pipes & cables, paving stones among others. Furthermore, it is also affected by public & private infrastructure projects such as Highways (Pavements), Railways (Track), Buildings (Roofing/Siding/Cladding) along with various other worksite solutions such as Material Handling Equipment (Lifting Devices) used on a site that requires heavy lifting operations at a building site or within a quarry etc.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of a large number of industry players and increased adoption of automation technology. The region is expected to maintain its dominance over the forecast period, with an increase in demand from U.S., Canada, and Mexico for material handling equipment such as forklifts.
The growing construction sector across emerging economies including China and India coupled with favorable government initiatives on infrastructural development are some factors that are anticipated would boost regional growth during 2018 - 2030 period.
Growth Factors:
- Increasing demand for forklifts in warehouses and distribution centers
- Rising adoption of forklifts in the automotive and manufacturing industries
- Growing demand for electric forklifts
- Proliferation of automated material handling systems
- Increasing use of warehouse management software
Scope Of The Report
Report Attributes
Report Details
Report Title
Forklift Sensory Systems Market Research Report
By Type
Gripper Sensor, Fork Inclination, Others
By Application
Construction, Warehouse & Logistics, Automotive, Others
By Companies
Linde Material Handling（Kion Group）, LeddarTech, Pepperl + Fuchs, Flexco Industries, Global Industrial, Bosch, Cognizant, Cisco, Toyota Industries Corporation, SIS, Lintech Enterprises
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
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Forklift Sensory Systems Market Report Segments:
The global Forklift Sensory Systems market is segmented on the basis of:
Types
Gripper Sensor, Fork Inclination, Others
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
Construction, Warehouse & Logistics, Automotive, Others
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:
- Linde Material Handling（Kion Group）
- LeddarTech
- Pepperl + Fuchs
- Flexco Industries
- Global Industrial
- Bosch
- Cognizant
- Cisco
- Toyota Industries Corporation
- SIS
- Lintech Enterprises
Highlights of The Forklift Sensory Systems 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:
- Gripper Sensor
- Fork Inclination
- Others
- By Application:
- Construction
- Warehouse & Logistics
- Automotive
- Others
- 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 Forklift Sensory Systems 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?
Forklift sensory systems are designed to provide operators with information about the forklift's status and operating conditions. Sensors can be located on the forks, boom, or chassis of a forklift to collect data such as speed, position, and torque. This data is then processed by the forklift's computer system to provide operators with real-time information about their machine's performance.
Some of the major companies in the forklift sensory systems market are Linde Material Handling（Kion Group）, LeddarTech, Pepperl + Fuchs, Flexco Industries, Global Industrial, Bosch, Cognizant, Cisco, Toyota Industries Corporation, SIS, Lintech Enterprises.
The forklift sensory systems market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Forklift Sensory Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Forklift Sensory Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Forklift Sensory Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Forklift Sensory Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Forklift Sensory Systems Market Size & Forecast, 2018-2028
4.5.1 Forklift Sensory Systems Market Size and Y-o-Y Growth
4.5.2 Forklift Sensory Systems Market Absolute $ Opportunity
Chapter 5 Global Forklift Sensory Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Forklift Sensory Systems Market Size Forecast by Type
5.2.1 Gripper Sensor
5.2.2 Fork Inclination
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Forklift Sensory Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Forklift Sensory Systems Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Warehouse & Logistics
6.2.3 Automotive
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Forklift Sensory Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Forklift Sensory Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Forklift Sensory Systems Analysis and Forecast
9.1 Introduction
9.2 North America Forklift Sensory Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Forklift Sensory Systems Market Size Forecast by Type
9.6.1 Gripper Sensor
9.6.2 Fork Inclination
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Forklift Sensory Systems Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Warehouse & Logistics
9.10.3 Automotive
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Forklift Sensory Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Forklift Sensory Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Forklift Sensory Systems Market Size Forecast by Type
10.6.1 Gripper Sensor
10.6.2 Fork Inclination
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Forklift Sensory Systems Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Warehouse & Logistics
10.10.3 Automotive
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Forklift Sensory Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Forklift Sensory Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Forklift Sensory Systems Market Size Forecast by Type
11.6.1 Gripper Sensor
11.6.2 Fork Inclination
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Forklift Sensory Systems Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Warehouse & Logistics
11.10.3 Automotive
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Forklift Sensory Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Forklift Sensory Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Forklift Sensory Systems Market Size Forecast by Type
12.6.1 Gripper Sensor
12.6.2 Fork Inclination
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Forklift Sensory Systems Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Warehouse & Logistics
12.10.3 Automotive
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Forklift Sensory Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Forklift Sensory Systems Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Forklift Sensory Systems Market Size Forecast by Type
13.6.1 Gripper Sensor
13.6.2 Fork Inclination
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Forklift Sensory Systems Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Warehouse & Logistics
13.10.3 Automotive
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Forklift Sensory Systems Market: Competitive Dashboard
14.2 Global Forklift Sensory Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Linde Material Handling（Kion Group）
14.3.2 LeddarTech
14.3.3 Pepperl + Fuchs
14.3.4 Flexco Industries
14.3.5 Global Industrial
14.3.6 Bosch
14.3.7 Cognizant
14.3.8 Cisco
14.3.9 Toyota Industries Corporation
14.3.10 SIS
14.3.11 Lintech Enterprises
