Lifting the Future : A Close Look at the Autonomous Forklift Market From 2022 to 2031

According to a new report published by Allied Market Research, titled, "Autonomous Forklift Market," The autonomous forklift market was valued at $3.5 billion in 2021, and is estimated to reach $10.5 billion by 2031, growing at a CAGR of 11.9% from 2022 to 2031.

In addition, developments have been carried out by the key manufacturers such as Agilox Services GmbH, Balyo, Hyster-Yale Materials Handling, Hyundai Construction Equipment Co., Ltd. And others towards offering superior quality autonomous forklifts which has attracted numerous logistic service providers to include autonomous forklifts in operations thereby creating a wider scope for the growth of the market across the globe.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/9972

For instance, in January, 2023, BALYO received investment from Danone Group for the manufacturing of "REACHY" robot forklifts which can be used across different industries along with the increased indoor & outdoor applications. Similarly, in September, 2021, Hyster-yale materials handling, inc., with Association for Advancing Automation (A3) developed advance automation technology. As a member of A3, Hyster continues to innovate robotic lift trucks, which include a robotic tow tractor, end rider, counterbalanced stacker, and reach truck.

In addition, countries across the globe has created an infrastructure towards the adoption of automation in vehicles and other relevant sectors which has also created an increased traction of AGVs across the globe. For instance, The U.S. started integrating automation in warehouses for the retail sector. In addition, radical growth in the e-commerce segment of the retail sector in U.S. has increased the demand for autonomous forklift in warehouses. Innovative forklift applications involve unmanned operation are being increasingly explored for high-risk work environments, such as those in the military across the U.S region. Moreover, growth in collaborations and mergers between market players in the country to enhance technologies is expected to fuel growth of the autonomous forklift market. For instance, Nestle, DHL and Walmart are among the high-profile businesses to have already adopted the VisionNav driverless truck system, while many small and medium sized forklift users are also benefiting from the solution.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/autonomous-forklift-market/purchase-options

Similarly, with the rising interest in automation technologies, Europe is expected to occupy one of the major shares of the autonomous forklift market size. Europe has been one of the most developed markets in terms of warehouse and material handling automation installation. High labor costs, a lack of space, and strict worker safety regulations are just a few of the key issues driving automation technology adoption in the European material handling ecosystem. Moreover, the growth of the regional market is primarily driven by increase in demand for material handling equipment by incumbents of the manufacturing industry. In addition, growth in adoption of Industry 4.0 technologies is another factor, which propels growth of the autonomous forklift market in Europe. Moreover, the region is involved in high industrial activity, especially in the automotive sector, which increases demand for autonomous forklift in the region. For instance, in January 2022, VisionNav Robotics announced that it is bringing its range of fully automated, vision-guided forklift trucks and intelligent operating systems to the European market.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Agilox Services GmbH,
Balyo,
Hyster-Yale Materials Handling,
Hyundai Construction Equipment Co., Ltd.,
Jungheinrich AG,
KION Group AG,
Mitsubishi Logisnext Co., Ltd.,
Oceaengineering International, Inc.,
Swisslog AG,
Toyota Industries Corporation.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/9972

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘 :

By tonnage, the below 5 tons segment is projected to dominate the global market in terms of growth rate.

By navigation technology, the vision segment is projected to dominate the global autonomous forklift market in terms of growth rate.

By end use, the food industry segment is projected to dominate the global market in terms of growth rate.

By application, the outdoor segment is projected to dominate the global market in terms of growth rate.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

David Correa
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This release was published on openPR.