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Autonomous Forklift Market 2023 - Growth Opportunities, Top Players, Industry Share, Trends And Forecast To 2032
Autonomous Forklift Market Analysis
Autonomous Forklift Market Size, Growth Rate, And Forecast
The global autonomous forklift market size grew from $5.85 billion in 2022 to $6.51 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The autonomous forklift market size is expected to grow to $9.47 billion in 2027 at a CAGR of 9.8%.
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Autonomous Forklift Market Drivers
The increasing demand for automated warehouses is expected to drive the growth of the autonomous forklift market going forward. Automated warehouses refer to the systems used for warehouse operations with automated material handling equipment integrated with artificial intelligence and robotics. Manufacturers are adopting autonomous forklifts for their operations as they offer a significant improvement in productivity, reduce product damage, improve safety and efficiency, and reduce labor costs. These benefits have encouraged industries to embrace the use of autonomous forklifts, thereby increasing their demand.
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Autonomous Forklift Market Segments
1) By Type: Indoor, Outdoor
2) By Component: Hardware, Software, Service
3) By Navigation Technology: Laser Guidance, Magnetic Guidance, Vision Guidance, Inductive Guidance, Optical Tape Guidance, Other Navigation Technology
4) By Application: Manufacturing, Warehousing, Material handling, Logistics and Freight, Other Applications
● By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the autonomous forklift market.
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Autonomous Forklift Market Key Players
Major competitors in the autonomous forklift market include Hangcha Group Co, Hyster-Yale Material Handling Inc., Jungheinrich AG, KAUP GmbH & Co, Linde Material Handling, Toyota Industries Corporation, Komatsu Ltd.
The Business Research Company's "Global Autonomous Forklift Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Autonomous Forklift Market Include:
1. Executive Summary
2. Autonomous Forklift Market Characteristics
3. Autonomous Forklift Market Trends And Strategies
4. Autonomous Forklift - Macro Economic Scenario
5. Autonomous Forklift Market Size And Growth
……..
26. Africa Autonomous Forklift Market
27. Autonomous Forklift Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Autonomous Forklift Market
29. Autonomous Forklift Market Future Outlook and Potential Analysis
30. Appendix
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