Autonomous Forklifts Market 2020-2027 : Size, Share and Forecast Report

Autonomous forklifts also referred as self-driving forklifts which eliminates the human factor in warehouse work. They are capable of independently maneuvering in the barns, carrying heavy loads, and loading-unloading them without any human interference. Autonomous Forklifts usually used in the warehouses and distribution centers it is a powered industrial truck used to lift and move materials over short distances.

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Market Drivers

Growing investment on infrastructure development and rapid industrialization coupled with the expansion of the construction and transportation industry in developing regions are expected to boost the global autonomous forklifts market growth during this forecast period. Furthermore, advancements in technology provide more efficiency to mechanical components like forklifts will positively influence the market growth. Moreover, the rise in e-commerce sector, along with the suppliers and distributors start acquiring the autonomous forklifts in order to improve productivity is expected to drive the growth of the global autonomous forklifts market.

Market Restraints

High initial cost and maintenance cost of autonomous forklifts is expected to hinder the global autonomous forklifts market growth during this forecast period. Also, the availability of autonomous forklifts lower the product ownership may limit the market growth.

Market Key Players

Various key players are discussed in this report such as Godrej Industries Limited, AB Volvo, Jungheinrich AG, Caterpillar, Mitsubishi Heavy Industries, Linde Material Handling, KION Group AG, Toyota Material Handling Group, OTTO Motors, Balyo Robotic, Jungheinrich AG, Hyster, etc.

Market Taxonomy

By Tonnage Type

Below 5 Tons
5-10 Tons
Above 10 Tons

By Application

Warehousing
Manufacturing
Construction
Others

By Sales Channel

In-House
Leasing

By Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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