Global Autonomous Forklifts Market, By Type (Electric Motor Rider Forklifts, Electric Motor Narrow Aisle Forklifts, Electric Pallet Jacks, Stackers, and Tow Tractors, Internal Combustion Cushion Tire Forklifts, Internal Combustion Pneumatic Tire Forklifts, Electric/IC Engine Tow Tractors and Rough Terrain Forklift Trucks), Level of Automation (Level 1, Level 2, Level 3, Level 4 and Level 5), Tonnage (Below 5 Tons, 5-10 Tons and More Than 10 Tons), Component (Hardware, Software and Service), Sales Channel (In-House Purchase and Leasing), Function (Manufacturing, Warehousing, Material Handling, Logistics and Freight and Others), End Users (Transportation and Logistics, Manufacturing, Paper Industry, Wood Industry, Construction, Automotive, Food and Beverages, Retail and Others), Country (U.S., Canada, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the autonomous forklifts market would exhibit a CAGR of 7.3% for the forecast period. Rising construction activities, infrastructural development and urbanization are the major factors driving the growth of autonomous forklifts market.
Autonomous forklifts are the powered machines that are capable of transporting heavy loads from one place to another. These are designed to be capable of carrying maximum loads of weight in the warehouses. These are capable of load and unloading with requiring any human intervention. Therefore, autonomous forklifts help to minimize human errors and reduce the probability of industrial accidents.
Rapid industrialization and growth and expansion of construction industry are the two major factors fostering growth in the demand for autonomous forklifts. Rising demand for machines that can load and unload heavy weights in the warehouses is further inducing growth of autonomous forklifts. Increasing cases of warehouse accidents and human errors is also bolstering the growth of market.
However, high initial investment will restrict the growth of the market. Also, high operating and maintenance costs will further pose a challenge to the market growth. Fluctuating prices of raw materials that are used in the manufacturing of components will further create hurdles.
This global autonomous forklifts market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on autonomous forklifts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Autonomous Forklifts Market Scope and Market Size
The autonomous forklifts market is segmented on the basis of type, level of automation, tonnage, component, sales channel, function and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the autonomous forklifts market is segmented into electric motor rider forklifts, electric motor narrow aisle forklifts, electric pallet jacks, stackers, and tow tractors, internal combustion cushion tire forklifts, internal combustion pneumatic tire forklifts, electric/IC engine tow tractors and rough terrain forklift trucks.
- On the basis of level of automation, the autonomous forklifts market is segmented into level 1, level 2, level 3, level 4 and level 5.
- On the basis of tonnage, the autonomous forklifts market is segmented into below 5 tons, 5-10 tons and more than 10 tons.
- On the basis of component, the autonomous forklifts market is segmented into hardware, software and service.
- On the basis of sales channel, the autonomous forklifts market is segmented into in-house purchase and leasing.
- On the basis of function, the autonomous forklifts market is segmented into manufacturing, warehousing, material handling, logistics and freight and others.
- On the basis of end users, the autonomous forklifts market is segmented into transportation and logistics, manufacturing, paper industry, wood industry, construction, automotive food and beverages, retail and others.
Global Autonomous Forklifts Market Country Level Analysis
The global autonomous forklifts market is analysed and market size insights and trends are provided by country, type, level of automation, tonnage, component, sales channel, function and end users as referenced above.
The countries covered in the autonomous forklifts market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the autonomous forklifts market owing to a major share of transportation in the global market. Application of autonomous forklifts in railways and sea transportation, which are the major modes of transportation in this region, is a major factor fostering market growth in this region.
The country section of the autonomous forklifts market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Autonomous Forklifts Market Share Analysis
The autonomous forklifts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to autonomous forklifts market.
The major players covered in the autonomous forklifts market report are Caterpillar., Hangcha, HYSTER, Jungheinrich AG, Linde Material Handling, TOYOTA MOTOR CORPORATION., Komatsu Ltd., STILL GmbH, Crown Equipment Corporation, MITSUBISHI MOTORS CORPORATION., KAUP GmbH & Co. KG, Doosan Corporation., Hyundai Construction Equipment Europe, MLE B.V., NITCO, Anhui Heli Co., Ltd., Anhui Yufeng Equipment Co.,Ltd., BHS Corrugated Maschinen- und Anlagenbau GmbH, AB Volvo and Baylo. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.