Press release
Autonomous Forklift Market is Projected to Reach USD 11.52 Billion by 2030: Cognitive Market Research
Autonomous Forklift Market is Projected to Reach USD 11.52 Billion by 2030: Cognitive Market Research
What is Autonomous Forklift?
The autonomous forklift market refers to the segment of the material handling industry that deals with the manufacturing, distribution, and sales of self-driving forklifts. These forklifts are equipped with advanced technology such as sensors, cameras, and artificial intelligence that enable them to operate without human intervention. Autonomous forklifts are used for lifting and moving heavy loads in manufacturing plants, warehouses, and distribution centers. The market includes manufacturers of autonomous forklifts, as well as companies that provide related services such as maintenance, repair, and training. The market is expected to grow rapidly in the coming years as businesses seek to improve their efficiency and reduce their labor costs through the adoption of automation.
Summary:
As per the study of CMR, the Global Autonomous Forklift Market size was valued at USD 4.67 Billion in 2022 and will reach USD 11.52 Billion by 2030 and is expected to grow at a CAGR of 13.7% during the forecast period (2023-2030).
To know more about The Autonomous Forklift Market statistics click here: https://www.cognitivemarketresearch.com/autonomous-forklifts-market-report
Market Dynamics:
Autonomous Forklift Market Drivers:
Autonomous forklifts can operate without the need for human operators, which can significantly reduce labor costs for businesses. Thus, further supporting the market growth.
Self-driving forklifts can operate 24/7 without the need for breaks or rest, which can increase the productivity of a warehouse or distribution center which is significantly boost the market growth.
Autonomous Forklift Market Opportunities:
Autonomous forklifts can be integrated with other technologies such as warehouse management systems and Internet of Things (IoT) devices, providing businesses with a more comprehensive and connected approach to logistics and supply chain management will further create significant opportunities in the upcoming years.
Autonomous Forklift Market Restraints:
The use of autonomous forklifts may be subject to regulatory and legal restrictions, such as requirements for safety certifications or restrictions on the use of autonomous technology in certain industries which may create hampering factors for market growth.
Market Segmentation:
Tonnage Capacity:
• Below 5 tons
• 5-10 tons
• Above 10 tons
Based on tonnage capacity, the below 5 tons segment has the largest revenue share in the autonomous forklift market. Due to their restricted lifting capacity, autonomous forklifts under 5 tons are mostly utilized indoors. Production, storage, handling materials, logistics, and freight all use autonomous forklifts. Within confined warehouse floor spaces, these little elevators speed up the secure and straightforward transfer of goods. These autonomous forklifts enhance human resource safety by transporting hazardous materials in constrained warehouse areas.
Application:
• Manufacturing
• Warehousing
• Material Handling
• Logistics and Freight
• Others
Navigation Technology:
• Laser Guidance
• Magnetic Guidance
• Vision Guidance
• Inductive Guidance
• Optical Tape Guidance
• SLAM
• Others
Industry:
• 3PL
• Food & Beverages
• Automotive
• Paper and Pulp
• Metals & Heavy Machinery
• Aviation
• Semiconductors & Electronics
• Healthcare
• Others
Forklift Type:
• Pallet Jacks
• Pallet Stackers
Propulsion:
• Electric
• ICE
• Alternate Fuels
Sales Channel:
• In-House Purchase
• Leasing
Competitive Analysis of the Autonomous Forklift Market: Toyota Industries, Mitsubishi Heavy Industries, Hyster Yale Materials Handling, Jungheinrich, Doosan, Volvo, Komatsu, KION GROUP, Hyundai Construction Equipment, Cat Lift Truck, NITCO, Anhui Heli, Anhui Yufeng Warehousing Equipment, BHS Corrugated, BALYO, CLARK, Godrej Industries, Corecon, HANGCHA Group, SINKOBE
Get free sample pages of the latest published Autonomous Forklift Market Report: https://www.cognitivemarketresearch.com/autonomous-forklifts-market-report#request_sample
Regional Analysis:
Asia Pacific accounted for the largest share of the autonomous forklift market.
Asia Pacific has the largest revenue share in the autonomous forklift market. Due to China and India's increasing deployment of autonomous forklifts, the Asia Pacific region is predicted to dominate this market. While it is projected that other countries in the region, such as Japan and South Korea, will grow their share by updating and changing the machinery now used for automated material handling. International manufacturers of autonomous forklifts are also relocating their businesses here. The technology transfer has increased the number of local players, which is likely to minimize the cost of adopting autonomous forklifts in the region, therefore it is anticipated that the region will grow its share throughout the forecast period.
Autonomous Forklift Market News
R-Matic is an autonomous reach vehicle that was launched by Linde Material Handling Equipment. (November 2022)
R-Matic is an autonomous reach vehicle that was introduced by Linde Material Handling Equipment. The hybrid design of reach trucks enables the driver to take control at any time and switch the vehicle to manual mode. Automated industrial vehicles have fast-charging batteries installed, allowing them to move independently to the charging station for recharging.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Autonomous Forklifts Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Autonomous Forklifts Market Segmentation
1.5.1 Autonomous Forklifts Market Regional Fragmentation
1.5.1 Autonomous Forklifts Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Autonomous Forklifts Market
• 3.1 Global Autonomous Forklifts Market Size 2018 - 2030, (USD Million)
• 3.2 Global Autonomous Forklifts Value, Absolute & Opportunity Analysis
• 3.3 Global Autonomous Forklifts Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Autonomous Forklifts Market Statistics 2022: Snapshot
Chapter 4 Global Autonomous Forklifts Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Autonomous Forklifts Market by Tonnage Capacity Segmentation Analysis (2018-2030)
Chapter 10 Global Autonomous Forklifts Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Autonomous Forklifts Market by Navigation Technology Segmentation Analysis (2018-2030)
Chapter 12 Global Autonomous Forklifts Market by End-Use Industry Segmentation Analysis (2018-2030)
Chapter 13 Global Autonomous Forklifts Market by Forklift Type Segmentation Analysis (2018-2030)
Chapter 14 Global Autonomous Forklifts Market by Sales Channel Segmentation Analysis (2018-2030)
Chapter 15 Global Autonomous Forklifts Market Regional Analysis
Chapter 16 North America Autonomous Forklifts Market Outlook (2018 - 2030)
Chapter 17 Europe Autonomous Forklifts Market Outlook (2018 - 2030)
Chapter 18 Asia Pacific Autonomous Forklifts Market Outlook (2018 - 2030)
Chapter 19 Latin America Autonomous Forklifts Market Outlook (2018 - 2030)
Chapter 20 Middle East and Africa Autonomous Forklifts Market Outlook (2018 - 2030)
Chapter 21 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Autonomous Forklift Market TOC click here: https://www.cognitivemarketresearch.com/autonomous-forklifts-market-report#table_of_contents
Related Report:
• Autonomous Agents Market- https://www.cognitivemarketresearch.com/autonomous-agents-market-report
• Forklift Market- https://www.cognitivemarketresearch.com/forklift-market-report
• Industrial Vehicles Market- https://www.cognitivemarketresearch.com/industrial-vehicles-market-report
Blog:
• How Big Data is Improving Market Research: Cognitive Market Research- https://www.cognitivemarketresearch.com/blog/how-big-data-is-improving-market-research
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• Rising awareness of Garment Knitting Market- https://www.cognitivemarketresearch.com/articles/rising-awareness-of-garment-knitting-market
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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