Global autonomous forklift market is set to witness a stable CAGR in the forecast period of 2019- 2026: AB Volvo, Automatic Guided Vehicles, Clearpath Robotics, HYUNDAI HEAVY INDUSTRIES GROUP and others
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Global autonomous forklift market is set to witness a stable CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Advancement in smart cities and more favourable government regulations are the major factor for the growth of this market.
Key Players: Global Autonomous Forklifts Market
Few of the major competitors currently working in the global autonomous forklift market are
• AB Volvo
• Automatic Guided Vehicles
• Clearpath Robotics, Inc
• HYUNDAI HEAVY INDUSTRIES GROUP
• The Raymond Corporation
• Seegrid Corporation
• IAM Robotics
• KION GROUP AG
• Cranoist Engineers
• SINKOBE CO., LTD.
• Anhui Yufeng Equipment Co.,Ltd.
• UniCarriers Corporation
• Jungheinrich AG.
Key Developments in the Market:
• In October 2018, BYD and Asian engineering giant ST Engineering announced the launch of their new electric forklift – universal loader which is specially designed for airports, warehouses, docks and other industrial purposes. This new electric forklift also has features like obstacle avoidance, access control identification, target guidance, unloading and loading operations etc. The main aim is provide new technologies for public, private and industrial use.
• In September 2018, OTTO Motors announced the launch of their first self-driving forklift truck which is specially designed for factories and warehouses. The main aim of the launch is to increase the safety and enhance the productivity. It will also help them to reduce the material handling cost. This new autonomous forklift can do floor- to- floor deliveries and can do difficult loading and unloading tasks.
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• Rising connected infrastructure is driving the market growth
• Technological advancement and development is another factor driving the growth of this market
• Growth in the logistics industry is factor driving the market
• Rising safety awareness among population is another important factor driving the market growth.
• High production cost is restraining the market growth
• Increasing problems related to data management is restraining market
Segmentation: Global Autonomous Forklifts Market
• Electric Motor Rider Forklifts
• Electric Motor Narrow Aisle Forklifts
• Hand Rider Forklifts
• IC Engine Forklifts,
• Electric and IC Engine Tractors
• Rough Terrain Forklifts
• Vision System
• GPS Receiver
By Level of Automation
• Level 3
• Level 4
• Level 5
By End- Users
• Retail Sector
• Transportation & Logistics
• Automotive Sector
• Manufacturing Sector
• Food and Beverages
• Wood Industry
• Paper Industry
Global autonomous forklift market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of autonomous forklift market for global, Europe, North America, Asia-Pacific and South America.
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