Press Release

Nov, 08 2023

Toyota Industries Corporation, KION GROUP AG, MITSUBISHI HEAVY INDUSTRIES, LTD are Dominating the Market for Global Autonomous Forklifts Market in 2018

Global Autonomous Forklifts Market is expected to grow with the substantial CAGR of 7.3% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.

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Autonomous forklift are those type of material handling truck which can be assisted without any human intervention. It increases productivity and logistical process and it reduces the risk of accidents on industrial spaces. Forklift is the most advanced electric truck which can run on the power batteries also. That battery has enough power to run without discharging. The electric motor which is placed in forklift is strong enough to lift very heavy material loads and move easily. Along with its advance technology, it is a very expensive machine truck. It cost around USD 20,000 to USD 50,000 for a normal mid-sized forklifts. Also it has stringent safety regulations for it operators.

The major players dealing in global autonomous forklift market are introducing wide range of product in the market. The product with new advancement acts as the strength for the market as the companies are generating adequate revenue form new technologies. This has also helped the company to maximize the sales with enhanced product portfolio. For instance, In April 2019, Hangcha announced that they have launched A Series Medium Level Order Picker 1.0t, which has load capacity range covering up to 1.0t. This is a high tech advanced product that company launched which enhanced there portfolio of advanced technology product.

Toyota Industries Corporation is the dominating player in global autonomous forklift market. The other key players existing in the market includes Hyster-Yale Materials Handling, Inc., Jungheinrich AG, Doosan Corporation, Komatsu Ltd., KION GROUP AG, Toyota Industries Corporation, Mitsubishi Heavy Industries, Ltd, Hyundai Construction Equipment. Europe, Cat Lift Truck, NITCO, Anhui Heli Co., Ltd., Anhui Yufeng warehousing equipment Co, Ltd, BHS Corrugated Maschinen-und Anlagenbau GmbH, AB Volvo, BALYO, CLARK, Godrej Industries Limited, Corecon, Inc, HANGCHA Group, SINKOBE CO., LTD among others.

Toyota Industries Corporation

Toyota Industries Corporation headquartered in kariya, Japan which was founded in 1926. The company engages in manufacturing for materials handling equipment’s, automobile products and textile machinery      

The company has wide global presence across the globe such as Europe, North America, Asia-Pacific, South America In addition to it, the company also generates its revenue from the various subsidiary companies such as Toyota Motor Corporation (Japan), (Sweden), Toyota Material Handling U.S.A. (U.S.), Vanderlande Industries(Netherlands), Aichi Corporation (Japan) and others

 For instance:

  • In January 2019, Toyota Material Handling had introduced a new 3-Wheel Electric Forklift. This new forklift is available in the range of 3,000 – 4,000 lb. The major benefit of this model is that it enhances the travelling speed which in turn improves the supply chain. This new model integrates with a disc brake that further increases the overall uptime and dependability.


KION GROUP AG was founded in 2006.The products offered by the company are e-trucks, IC-trucks, pallet trucks, pallet stackers, very narrow aisle trucks, reach trucks, order pickers, tow tractors, logistic trains, and automated trucks.

The company also generates its revenue from the various subsidiary companies STILL GmbH (Germany), Linde Material Handling Asia Pacific Pte. Ltd. (Balkans), Linde Sterling Ltd. (U.K.), Linde Heavy Truck Division Ltd. (U.K.), Kion Rental Services SpA (Lombardy) and others. As company has its presence in North America, Europe, Asia-Pacific and South America.

For instance,

  • In January 2019, Linde Material Handling which is a subsidiary of the KION Group AG expanded the range of their forklift. This forklift utilizes lithium-ion battery which in turn emits less carbon for the environment. The major advantage of this forklift is that it is a highly cost effective energy solution which helps the company to minimize the carbon footprint from the environment.


MITSUBISHI HEAVY INDUSTRIES, LTD has headquartered in Tokyo, Japan; the company provides internal combustion cushion tire lift truck, internal combustion pneumatic tire lift trucks, AC electric rider lift trucks, AC electric pallet trucks, AC electric tow tractor, electric walkie stackers, AC electric reach trucks, AGVs, hand pallet trucks.

The company also generates its revenue from the various subsidiary companies such as Mitsubishi Hitachi Power Systems, Ltd. (Japan), Mitsubishi Aircraft Corporation (Japan), Mitsubishi Heavy Industries Machinery Systems, Ltd. (Japan), Mitsubishi Heavy Industries Environmental & Chemical Engineering co., Ltd (Japan), MHI Solution Technologies Co. LTD (Japan) and others. As company has its presence in Japan, North America, South America, Europe, Middle East, Asia, China, Oceania, and Africa.

For instance,

In April 2019, Mitsubishi Logisnext Co., Ltd acquired Pon Material Handling, NA, Inc, a dealer of material handling equipment in the U.S. After the acquisition of Pon Material Handling, NA, Inc, Mitsubishi Heavy Industries, Ltd entered in the U.S. market of material handling equipment.

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