Autonomous Forklift Market size was valued at US$ 4.03 Bn. in 2022. Warehousing technology is expected to dominate the post COVID era for Autonomous Forklift Market.
Autonomous Forklift Market Overview:
Extensive primary and secondary research Autonomous Forklift Market has been undertaken by a dedicated research team to conduct a comprehensive study of the worldwide industry’s market. The secondary research was employed to augment existing data, segment the market, evaluate the overall market size, forecast growth rates, and delve deeper into market analysis.
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Autonomous Forklift Market Scope:
Maximize, our team, aggregates market information and data from various sources to offer a more realistic regional perspective. The country-level analysis within the study relies on an examination of numerous regional stakeholders, regional tax regulations, consumer behavior patterns, and macroeconomic statistics.
Autonomous Forklift Market Drivers:
Driverless industrial vehicles are gaining a lot of interest right now as a way to automate tasks like carrying, lifting, lowering, putting away, or retrieving cargo without the need for a human operator. Although automated forklifts account for less than 2% of all forklifts sold in North America, there has never been a greater need for this technology. Many manufacturers are looking to automate material handling operations since limiting human interaction minimizes the risk of COVID-19 exposure. COVID-19 has made autonomous forklifts a reality for small footprint industrial companies, despite being acknowledged years ago. Automated guided vehicles (AGVs) include autonomous forklifts, however the word is most generally used to designate conveyances that don’t have forks and only provide horizontal movement.
Due of a constrained labour market in the United States, significant growth for this product category was projected prior to the pandemic. The apparent solution to filling that labour gap was automation, which provided continuous, constant performance 24 hours a day, seven days a week while lowering the expense of recruiting and onboarding new employees.
Autonomous Forklift Market Segmentation:
by Component
• Software
• Hardware
• Services
by Application
• Freight and Logistics
• Manufacturing
• Warehousing
• Others
by level of Autonomy
• Level 1
• Level 2
• Level 3
• Level 4
• Level 5
by Tonnage
• <5 tons
• 5-10 tons
• >10
by Sales Channel
• Leasing
• In house purchasing
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Autonomous Forklift Market Key Players: The prominent players include:
• Caterpillar
• Hangcha
• Hyster
• Jungheinrich AG
• Kaup
• Linde Material Handling
• Hyster-Yale Materials Handling Inc.
• Doosan Corporation
• Komatsu Ltd.
• Toyota Industries Corporation
• Mitsubishi Heavy Industries Ltd.
• STILL GmbH
• Crown Equipment Corporation
• Doosan Corporation.
• Hyundai Construction Equipment Europe
• MLE B.V.
• NITCO
• Anhui Heli Co., Ltd.
• Anhui Yufeng Equipment Co., Ltd.
• BHS Corrugated Maschinen
• Anlagenbau GmbH
• AB Volvo
• Baylo
Regional Analysis:
The country-level assessment of the Autonomous Forklift Market focuses on categories identified as potential areas for high growth, countries holding significant market shares, and those demonstrating high developmental prospects. Regional breakdowns in the Autonomous Forklift Market report encompass North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other countries.
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COVID-19 Impact Analysis on Autonomous Forklift Market: The report also incorporates an analysis of the impact of COVID-19 on the global Autonomous Forklift market.
Key Questions Addressed in the Autonomous Forklift Market Report:
- Which product segment dominated the Autonomous Forklift market share in 2020?
- How is the anticipated competitive landscape of the Autonomous Forklift market forecasted for the period 2021-2027?
- What are the primary factors contributing to the growth of the Autonomous Forklift market?
- Which region accounted for the largest share in the Autonomous Forklift market in 2020?
- What is the projected Compound Annual Growth Rate (CAGR) of the global Autonomous Forklift market during the forecast period (2021-2027)?
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