Global Driverless Forklift Market Accelerates - Innovation, China's Rise, and Industry Reshaping

According to LookWhole Insight, the global Driverless Forklifts market is projected to reach USD 2.43 Billion in 2024. It is expected to grow to USD 5.67 Billion by 2033, registering a compound annual growth rate (CAGR) of 9.85% during the forecast period (2025-2033). - LookWhole Insight

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Driverless Forklifts Market Analysis
A driverless forklift is an intelligent industrial robotic vehicle that operates without human intervention. By integrating various navigation technologies, mapping algorithms, and obstacle avoidance safety systems into traditional forklifts, these machines achieve fully autonomous operation. Driverless forklifts can automatically plan routes and execute material handling and stacking tasks based on pre-set programs and instructions, without requiring manual driving.
As one of the most popular categories in the mobile robotics industry, driverless forklifts are experiencing rapid global growth. According to LookWhole Insight, global sales of driverless forklifts increased from 5,700 units in 2019 to 30,700 units in 2023, registering a compound annual growth rate (CAGR) of 52.34%, indicating a booming market. China has emerged as the leading global market, with its share steadily increasing year by year-reaching over 60% of global sales by 2023. In 2024, sales in China reached 24,500 units, a year-on-year increase of 25.64%. Although driverless forklifts currently account for less than 2% of total forklift sales, with technological advancements and expanding market demand, the potential for intelligent development is substantial.
Industry Chain and Key Technology Analysis
The components of a driverless forklift include positioning and navigation devices, vehicle body, onboard control system, power supply, drive system, communication devices, and other parts such as safety protection systems and actuators. From a cost structure perspective, positioning and navigation systems constitute the largest share-about 25% of total costs. The vehicle body, serving as the core hardware (including the frame and mechanical components), provides the foundational structure and mounting platform for other components and accounts for approximately 20% of the cost. Overall, the major production costs are concentrated in software and intelligent control systems, which differentiate driverless forklifts from traditional models.
Positioning and navigation functionality is a key advantage of driverless forklifts over traditional forklifts. These systems use a variety of sensors to monitor the working environment in real time, providing location data and environmental parameters to ensure safe, efficient, and precise operation. Currently, Laser SLAM (Simultaneous Localization and Mapping) is the primary sensing technology used for navigation, obstacle avoidance, and terminal recognition. By identifying cargo locations and obstacles, SLAM enables optimal route planning and ensures the forklift reaches its destination accurately.

Traditional Forklift Market Analysis
With the continuous increase in labor costs and the policy side continuing to increase the smart logistics infrastructure, the global smart logistics industry has entered a stage of large-scale expansion, but the efficiency bottleneck of traditional logistics equipment has become a shortcoming that restricts the upgrading of the industry.
Looking at the overall supply and demand of forklifts around the world, the supply and demand relationship in the global forklift market remains balanced overall. However, with the continuous growth of market demand, especially the rapid expansion in Asia, the supply and demand relationship of forklifts may be tense in certain periods and regions. From the data, it can be seen that global sales have exceeded orders since 2023. Mainly because forklift manufacturers are constantly expanding production capacity and increasing production in order to meet market demand. The competitive landscape of global forklift suppliers is characterized by diversification and dynamic changes. In 2024, according to the US MMH magazine, internationally renowned brands such as Toyota and Kion continued to occupy a leading position in the market. These companies have maintained strong market competitiveness with their deep technical accumulation, strong brand influence and extensive global sales network.
Global TOP20 Forklift Suppliers:
ToyotaIndustries Corporation
KION Group
Jungheinrich AG
Crown Equipment Corporation
Mitsubishi Logisnext Co., Ltd.
Hyster-Yale Materials Handling
Anhui Forklift Group (HELI)
Hangcha Group
Doosan Bobcat
CLARK Material Handling
Hyundai Material Handling
EP Equipment (Zhongli Co., Ltd.)
Komatsu Ltd.
Lonking Forklift Co., Ltd.
Combilift Ltd. (Ireland)
Guangxi LiuGong Machinery Co., Ltd.
Noblelift Intelligent Equipment
Manitou Group
HUBTEX Maschinenbau GmbH
Godrej Group

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