Autonomous Forklifts Market 2022-2030 Business Updates

A latest report from Absolute Markets Insights covers insights into the global Autonomous Forklifts market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Autonomous Forklifts market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Autonomous Forklifts report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Autonomous Forklifts report also shows a new uptrend that includes market conditions and market forecast 2022-2030.

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Some of the major players operating in the global Autonomous Forklifts market include: 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.

In terms of revenue, the global autonomous forklifts market was estimated to be US$ 6,576.60 Mn in 2022 and is expected to reach US$ 12,158.10 Mn by 2030 growing at a CAGR of 7.14% over the forecast period.

The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.

Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Autonomous Forklifts Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.

Key insights from the report:

  • The report provides key statistics on the market status of Autonomous Forklifts Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
  • The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
  • The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
  • The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
  • The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
  • Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
  • The report makes some important proposals for a new project of Autonomous Forklifts Market before evaluating its feasibility.

Covid-19 cumulative impact:

This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Autonomous Forklifts Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Autonomous Forklifts Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.

Key questions answered in this report:

  • What will the market size and growth rate be in 2030?
  • What are the key drivers of the global market?
  • What are the key market trends impacting the growth of the global market?
  • What are the market growth challenges?
  • Who are the key vendors in the global market?
  • What are the global market opportunities and challenges for sellers?
  • What are the key findings of the global five-point analysis of the Autonomous Forklifts market?

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 Segmentation:

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, 2022 – 2030

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