South Korea Autonomous Forklifts Market to 2032
Overview
The South Korea Autonomous Forklifts Market is expected to reach a 178.14 USD Million by 2032 and is projected to grow at a CAGR of 16.13% from 2025 to 2032.
Revenue, 2024 (USD Million)
93.05
Forecast, 2032 (USD Million)
178.14
CAGR, 2024 - 2032
16.13%
Report Coverage
South Korea
South Korea Autonomous Forklifts Market 2018-2032 USD Million
South Korea Autonomous Forklifts Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 93.05 USD Million
- Projected Market Size (2032): 178.14 USD Million
- CAGR (2025-2032): 16.13%
Key Findings of South Korea Autonomous Forklifts Market
- The South Korea Autonomous Forklifts Market was valued at 93.05 USD Million in 2024.
- The South Korea Autonomous Forklifts Market is likely to grow at a CAGR of 16.13% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Leasing in Sales Channel Segment accounted for the largest share of the market with a revenue of 59.69 USD Million
- The fastest growing segment Electric Motor Rider Forklifts in Type Segment grew Fastest with a CAGR of 19.70% during the forecast period from 2024 to 2032.
South Korea Autonomous Forklifts Market Scope
South Korea Autonomous Forklifts Market Segmentation & Scope
End-Users
- Others
- Wood Industry
- Paper Industry
- Manufacturing
- Food & Beverages
- Retail
- Transportation & Logistics
- Automotive
- Construction
Function
- Others
- Manufacturing
- Logistics & Freight
- Warehousing
- Material Handling
Component
- Service
- Software
- Hardware
Sales Channel
- In-House Purchase
- Leasing
Tonnage
- More Than 10 Tons
- 5-10 Tons
- Below 5 Tons
Type
- Rough Terrain Forklift Trucks
- Electric/IC Engine Tow Tractors
- Internal Combustion Pneumatic Tire Forklifts
- Internal Combustion Cushion Tire Forklifts
- Electric Pallet Jacks, Stackers, and Tow Tractors
- Electric Motor Narrow Aisle Forklifts
- Electric Motor Rider Forklifts
Level of Automation
- Level 5
- Level 4
- Level 3
- Level 2
- Level 1
South Korea Autonomous Forklifts Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2018 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 93.05 USD Million |
| Market Value in 2032 | 178.14 USD Million |
| CAGR (2025-2032) | 16.13% |
| Historic Data | 2016-2023 |
| Market Segments Covered | End-Users,Function,Component,Sales Channel,Tonnage,Type,Level of Automation |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 93.05 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 93.05 USD Million in 2024.
Segments and Scope
-
South Korea Autonomous Forklifts Market to 2032, By End-Users
- Construction is the largest segment in South Korea Autonomous Forklifts Market to 2032 with a revenue of 22.72 USD Million in the year 2024.
- Construction is the Fastest growing segment in South Korea Autonomous Forklifts Market to 2032 with a Growth rate of 18.47 % in forecast period 2025-2032.
-
South Korea Autonomous Forklifts Market to 2032, By Function
- Material Handling is the largest segment in South Korea Autonomous Forklifts Market to 2032 with a revenue of 35.07 USD Million in the year 2024.
- Material Handling is the Fastest growing segment in South Korea Autonomous Forklifts Market to 2032 with a Growth rate of 19.33 % in forecast period 2025-2032.
-
South Korea Autonomous Forklifts Market to 2032, By Component
- Hardware is the largest segment in South Korea Autonomous Forklifts Market to 2032 with a revenue of 41.67 USD Million in the year 2024.
- Software is the Fastest growing segment in South Korea Autonomous Forklifts Market to 2032 with a Growth rate of 16.26 % in forecast period 2025-2032.
-
South Korea Autonomous Forklifts Market to 2032, By Sales Channel
- Leasing is the largest segment in South Korea Autonomous Forklifts Market to 2032 with a revenue of 59.69 USD Million in the year 2024.
- Leasing is the Fastest growing segment in South Korea Autonomous Forklifts Market to 2032 with a Growth rate of 17.00 % in forecast period 2025-2032.
-
South Korea Autonomous Forklifts Market to 2032, By Tonnage
- Below 5 Tons is the largest segment in South Korea Autonomous Forklifts Market to 2032 with a revenue of 43.86 USD Million in the year 2024.
- Below 5 Tons is the Fastest growing segment in South Korea Autonomous Forklifts Market to 2032 with a Growth rate of 17.93 % in forecast period 2025-2032.
-
South Korea Autonomous Forklifts Market to 2032, By Type
- Electric Motor Rider Forklifts is the largest segment in South Korea Autonomous Forklifts Market to 2032 with a revenue of 28.76 USD Million in the year 2024.
- Electric Motor Rider Forklifts is the Fastest growing segment in South Korea Autonomous Forklifts Market to 2032 with a Growth rate of 19.70 % in forecast period 2025-2032.
-
South Korea Autonomous Forklifts Market to 2032, By Level of Automation
- Level 1 is the largest segment in South Korea Autonomous Forklifts Market to 2032 with a revenue of 27.09 USD Million in the year 2024.
- Level 2 is the Fastest growing segment in South Korea Autonomous Forklifts Market to 2032 with a Growth rate of 14.80 % in forecast period 2025-2032.
South Korea Autonomous Forklifts Market Company Share Analysis
| Company Name |
|
||
| MITSUBISHI HEAVY INDUSTRIES, LTD. | |||
| Jungheinrich AG | |||
| KION GROUP AG | |||
| TOYOTA MATERIAL HANDLING GROUP | |||
| Hyster-Yale Materials Handling, Inc. | |||
South Korea Autonomous Forklifts Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Autonomous Forklifts Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Autonomous Forklifts Market is segmented based on Segmentation End-Users,Function,Component,Sales Channel,Tonnage,Type,Level of Automation.
South Korea Autonomous Forklifts Market was valued at USD 93.05(Revenue in USD Million) in 2018.
South Korea Autonomous Forklifts Market is projected to grow at a CAGR of 16.13% during the forecast period of 2024 to 2032.
The Leasing segment is expected to dominate the South Korea Autonomous Forklifts Market, holding a largest market share of 59.69 USD Million in 2024
South Korea Autonomous Forklifts Market Scope
South Korea Autonomous Forklifts Market Segmentation & Scope
End-Users
- Others
- Wood Industry
- Paper Industry
- Manufacturing
- Food & Beverages
- Retail
- Transportation & Logistics
- Automotive
- Construction
Function
- Others
- Manufacturing
- Logistics & Freight
- Warehousing
- Material Handling
Component
- Service
- Software
- Hardware
Sales Channel
- In-House Purchase
- Leasing
Tonnage
- More Than 10 Tons
- 5-10 Tons
- Below 5 Tons
Type
- Rough Terrain Forklift Trucks
- Electric/IC Engine Tow Tractors
- Internal Combustion Pneumatic Tire Forklifts
- Internal Combustion Cushion Tire Forklifts
- Electric Pallet Jacks, Stackers, and Tow Tractors
- Electric Motor Narrow Aisle Forklifts
- Electric Motor Rider Forklifts
Level of Automation
- Level 5
- Level 4
- Level 3
- Level 2
- Level 1
Frequently Asked Questions
The South Korea Autonomous Forklifts Market is segmented based on Segmentation End-Users,Function,Component,Sales Channel,Tonnage,Type,Level of Automation.
South Korea Autonomous Forklifts Market was valued at USD 93.05(Revenue in USD Million) in 2018.
South Korea Autonomous Forklifts Market is projected to grow at a CAGR of 16.13% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Autonomous Forklifts Market for final year is USD 178.14 (USD Million).
South Korea Autonomous Forklifts Market Company Profiling
Frequently Asked Questions
The South Korea Autonomous Forklifts Market is segmented based on Segmentation End-Users,Function,Component,Sales Channel,Tonnage,Type,Level of Automation.
South Korea Autonomous Forklifts Market was valued at USD 93.05(Revenue in USD Million) in 2018.
South Korea Autonomous Forklifts Market is projected to grow at a CAGR of 16.13% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Autonomous Forklifts Market for final year is USD 178.14 (USD Million).
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