Autonomous Forklift Market

Autonomous Forklift Market by Tonnage Capacity (<5, 5-10, >10), Navigation Technology (Laser, Vision, Optical Tape, Magnetic, Inductive Guidance), Sales Channel, Application, End-Use Industry, Type, Propulsion and Region (2022 - 2027)

Report Code: AT 8069 Mar, 2022, by marketsandmarkets.com

[247 Pages Report] The autonomous forklift market size is projected to reach USD 6.4 billion by 2027 from an estimated USD 3.1 billion in 2021, at a CAGR of 12.7% from 2021 to 2027. The growth of the market is influenced by factors such as rising complexities for product handling, rising need for smart logistics, good return on investment, better space utilization, and growing consumerism through online platforms. Therefore, the autonomous forklifts market is expected to witness significant growth in the coming years.

Autonomous Forklift Market

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COVID-19 Impact on Autonomous Forklift Market

The spread of COVID-19 is expected to increase the demand for shopping from e-commerce platforms, prompting retailers to invest in automation solutions to cater to the burgeoning demand. Companies endeavoring to protect themselves from supply chain disruptions in the future are also likely to deploy automation solutions. Consequently, the growth of the autonomous forklift market is driven by the increased demand for automated storage and retrieval solutions from the e-commerce and food & beverages industries. However, the imposition of lockdowns in different countries has led to severe cash flow issues for market players. The semiconductor & electronics manufacturing curve has flattened as well but is stable. In addition, the size of the machinery industry is contracting but is expected to stabilize in the coming years. Furthermore, halting or slowing down production in manufacturing-based industries such as automotive, metals and heavy machinery, aviation, and semiconductor & electronics industries globally resulted in a decline in demand for autonomous forklifts in 2020. However, the market is expected to gain momentum due to the growing e-commerce and retail industries after 2020.

Market Dynamics

DRIVER: Increasing demand for automated warehouses and automated material handling equipment

Autonomous forklift is an important part of automated material handling equipment. Automated material handling eliminates the need for human intervention in basic operations, such as precise storage of an item at a predefined location, retrieval of an item, and transferring goods to specific processing or interface points without any risk of damage. Thus, the implementation of autonomous forklift reduces costs incurred on laborers and improves space utilization. The growing warehouse rents and reducing availability of warehouses are expected to drive the adaptation of autonomous forklift during the forecasted period.

RESTRAINT: High integration and switching costs due to AI and WMS

The initial cost for the purchase of an autonomous forklift is high. Operating this equipment requires skilled labor. Companies often experience high ongoing costs for maintaining and updating various subsystems. Making such huge investments is difficult for small and medium-sized enterprises. The starting costs of an automated material handling systems are quite high, which includes autonomous forklift. The one-stop solution reduces the effort and resources spent on analyzing various components and saves the cost incurred on assessing the compatibility of the system, which reduces the cost of implementation to some extent. But still, only a handful of autonomous forklifts are currently being implemented across various industries due to their cost-benefit ratio

OPPORTUNITY: Development of IoT integrated autonomous forklifts

The increasing automation and decreasing human intervention of the supply chain with the advent of Industry 4.0, Internet of Things (IoT), big data analytics, and cloud computing has positively impacted material handling operations.

IoT is a closed-loop system that integrates technology with the material handling equipment and physical process. The autonomous forklift is heavily dependent on precise data-driven optimization. Various sensors and encoders are required to continuously monitor the health of the forklift to reduce any possibility of damage to the equipment and facility. IoT creates an isolated ecosystem that makes it possible for an operator to monitor the working of the autonomous forklifts with the help of a fleet management interface. The autonomous forklift system has been able to improve the operational efficiency of the plant and has been able to reduce the strain of physically demanding repetitive processes from workers. Other advantages such as accurate picking of mixed cases, optimization of travel & lift speed, and real-time location determination are expected to further increase the application of IoT-driven autonomous forklifts in supply chain applications.

CHALLENGE: Technical challenges related to sensing elements

Any automated material handling system is a complex system operating in synchronization with several sensors, motors, and equipment guided by programming software. Any technical issue related to the sensing element in the system may halt an entire operational process, which leads to additional time and cost to the company. Any fault in the software programming can also lead to improper functioning of the automated system, thereby delaying the entire production process and increasing downtime that can range from a few minutes to several days. Therefore, system failures adversely affect the process and result in diminishing profits.

Below 5-tons Tonnage Capacity to register as the fastest growing segment in market from 2021 to 2027

The below 5-tons autonomous forklifts are used primarily for indoor applications. One of the reasons for the same is the limitation of its lifting capacity. These autonomous forklifts find applications in manufacturing, warehousing, material handling, and logistics and freight operations. These are compact lifts that help in easy maneuverability and safe movement of goods within small warehouse floor areas. Also, these autonomous forklifts allow human resource safety when used in the movement of hazardous goods in small warehousing areas.

Electric Propulsion segment is predicted to grow largest during the forecasted period

Electrification of the products is the future of the industrial automation industry. The inclination towards the adoption of electric fueled equipment is rapidly increasing in all the regions because of advantages like reduced emissions, decreased operational costs and easy maneuverability. The growing electric infrastructure specially in Asia Pacific, Europe, and North America countries, supporting government legislations and easy integration with the automotive software and hardware technologies are some of the major reasons contributing to growth of the electric propulsion autonomous forklifts during the forecasted period.

Laser Guidance Navigation Technology segment is projected to grow at the fastest rate during the forecast period

Operational efficiency is one of the major reasons for adoption of automated forklifts in intralogistics systems. It contributes to many challenges such as the threat of collision, damage to the racking system, and improper handling of the load. This helps in easy tracking of products for picking and sorting which helps in increased operational efficiency. This new system can reduce downtime by leveraging sensor-driven laser guidance and machine learning algorithm to conduct predictive maintenance. The application of laser guidance in material handling process includes the storage, control, and safe retrieval of goods. The use of laser guidance navigation technology in the material handling applications in Asia Pacific region is estimated to have largest market share due to the growth of the e-commerce and warehouse industry. The labor shortage issue in the Europe and North America regions have raised demand for automated material handling equipment creating demand for adoption to the laser guidance navigation technology for easy maneuverability of the autonomous forklift. Laser Guidance navigation technology provides the solution for easy mobility solution for the autonomous forklift.

Autonomous Forklift Market by Region

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Asia Pacific is projected to be the largest market by 2027

The Asia Pacific is projected to hold the largest share of the autonomous forklift market by 2027 because of the increasing adoption in China, and India. While other countries in the region such as Japan and South Korea are projected to improve their share through the up-gradation and retrofitting of existing automated material handling equipment. Furthermore, global autonomous forklift OEMs are relocating their operations in the region. The technology transfer has led to growth in the number of local players which is expected to reduce the cost of autonomous forklift adoption in the region. Hence the region is expected to increase its share during the forecast period.

Key Market Players & Start-ups

The autonomous forklift market is dominated by players such as Toyota Industries Corporation (Japan), Kion Group AG (Germany), Mitsubishi Logisnext Co Ltd (France), Jungheinrich AG (Germany), Hyster-Yale Materials Handling (US), and Agilox Services GMBH (Austria). These companies offer autonomous forklift automation services and have strong distribution networks at the global level. These companies have adopted extensive expansion strategies; and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the growing market for autonomous forklift market.

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2027

Base year considered

2020

Forecast period

2022–2027

Forecast volume

Units

Forecast value

USD Million

Segments covered

By Tonnage Capacity, Navigation Technology, Sales Channel, Application, End-Use Industry, Type, Propulsion, and Region

Geographies covered

Asia Pacific, Europe, North America, and Rest of the World

Companies covered

Toyota Industries Corporation (Japan), Kion Group AG (Germany), Mitsubishi Logisnext Co Ltd (France), Jungheinrich AG (Germany), and Hyster-Yale Materials Handling (US). (Total of 20 companies)

The study categorizes the autonomous forklift market based on tonnage capacity, navigation technology, sales channel, application, end-use industry, type, propulsion and, region at regional and global levels.

By Tonnage Capacity

  • Below 5 tons
  • 5-10 tons
  • Above 10 tons

By Application

  • Manufacturing
  • Warehousing
  • Material handling
  • Logistics and Freight
  • Others

By Navigation Technology

  • Laser Guidance
  • Magnetic Guidance
  • Vision Guidance
  • Inductive Guidance
  • Optical Tape Guidance
  • Others

By Industry

  • 3PL
  • Food and Beverages
  • Automotive
  • Paper and Pulp
  • Metals and Heavy Machinery
  • E-commerce
  • Aviation
  • Semiconductors and Electronics
  • Healthcare
  • Others

By Propulsion

  • Electric
  • ICE
  • Alternate Fuels

By Sales Channel

  • In-House Purchase
  • Leasing

By Type

  • Indoor
  • Outdoor

By Region

  • Asia Pacific
  • Europe
  • North America
  • Rest of the World

Recent Developments

  • In July 2021, Jungheinrich AG entered intralogistics partnership with TRUMPG. Jungheinrich AG announced the supply of driverless vehicles to TRUMPF to autonomously transport sheet metal parts between various machine tools and storage positions, while TRUMPF will supply its production-control software TruTops Fab, which will help manufacturers make their logistics more efficient.
  • In June 2021, AGILOX Services Gmbh entered investment agreement Carlyle Group. Carlyle Group is a global investment firm that undertakes investments in emerging technologies. The new capital influx will help AGILOX improve its geographic reach and product development.
  • In November 2020, Swisslog AG and e-commerce order fulfillment specialist SKUtopia further extended their Australian leadership by introducing an automated Micro-Fulfillment Centre (MFC) in Sydney.
  • In September 2020, Jungheinrich AG acquired stakes in Munich-based robotics startup Magazino and agreed on broad strategic collaboration and intent to combine skill sets in the field of mobile automation.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 26)
    1.1 OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE
           FIGURE 1 AUTONOMOUS FORKLIFT MARKET: MARKET SEGMENTATION
           FIGURE 2 MARKET: BY REGION
           1.3.1 YEARS CONSIDERED IN THE STUDY
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 30)
    2.1 RESEARCH DATA
           FIGURE 3 AUTONOMOUS FORKLIFT MARKET: RESEARCH DESIGN
           FIGURE 4 RESEARCH METHODOLOGY MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of Key secondary sources to estimate base numbers
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
                    2.1.2.1 Sampling techniques & data collection methods
    2.2 MARKET ESTIMATION METHODOLOGY
           FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 7 BOTTOM-UP APPROACH: AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 8 TOP-DOWN APPROACH: MARKET, BY APPLICATION, END USE INDUSTRY, TYPE, SALES CHANNEL, PROPULSION AND NAVIGATION TECHNOLOGY
                    FIGURE 9 MARKET: RESEARCH DESIGN & METHODOLOGY
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 10 DATA TRIANGULATION
    2.4 FACTOR ANALYSIS
           2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND- AND SUPPLY-SIDE
    2.5 RESEARCH ASSUMPTIONS
    2.6 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 43)
    3.1 PRE- & POST-COVID-19 SCENARIOS
           FIGURE 11 PRE- & POST-COVID-19: AUTONOMOUS FORKLIFT MARKET, 2019–2027 (USD MILLION)
           TABLE 1 MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2019–2027 (USD MILLION)
    3.2 REPORT SUMMARY
           FIGURE 12 MARKET, BY REGION, 2021 VS. 2027 (USD MILLION)

4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 ATTRACTIVE OPPORTUNITIES IN MARKET
           FIGURE 13 RISE IN DEMAND FOR AUTOMATED MATERIAL HANDLING EQUIPMENT EXPECTED TO DRIVE GLOBAL MARKET
    4.2 AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY
           FIGURE 14 BELOW 5 TON AUTONOMOUS FORKLIFT ESTIMATED TO ACCOUNT FOR LARGER MARKET SHARE, BY VALUE
    4.3 MARKET, BY NAVIGATION TECHNOLOGY
           FIGURE 15 VISION GUIDANCE SEGMENT TO HAVE FASTEST GROWTH DURING FORECAST PERIOD
    4.4 MARKET, BY INDUSTRY
           FIGURE 16 FOOD AND BEVERAGES SEGMENT TO ACCOUNT FOR LARGEST SHARE IN 2021
    4.5 MARKET, BY SALES CHANNEL
           FIGURE 17 IN-HOUSE PURCHASE SEGMENT TO ACCOUNT FOR LARGEST SHARE IN 2021
    4.6 MARKET, BY PROPULSION
           FIGURE 18 ELECTRIC AUTONOMOUS FORKLIFT TO LEAD THE MARKET DURING FORECAST PERIOD
    4.7 MARKET, BY TYPE
           FIGURE 19 INDOOR SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD
    4.8 AUTONOMOUS FORKLIFT MARKET, BY APPLICATION
           FIGURE 20 MATERIAL HANDLING SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
    4.9 MARKET, BY REGION
           FIGURE 21 ASIA PACIFIC DOMINATED THE MARKET IN 2021

5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 22 AUTONOMOUS FORKLIFT MARKET: MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for automated warehouses and automated material handling equipment
                               FIGURE 23 COST BREAKDOWN OF NON-AUTONOMOUS VS. AUTONOMOUS FORKLIFTS
                               FIGURE 24 GLOBAL WAREHOUSE AUTOMATION MARKET, BY VALUE (2016-2025)
                    5.2.1.2 Growth in e-commerce, logistics, and warehousing sectors
                               FIGURE 25 GLOBAL E-COMMERCE MARKET, BY VALUE (2018-2025)
           5.2.2 RESTRAINTS
                    5.2.2.1 High integration and switching costs due to AI and WMS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Usage of 5G connectivity in future for warehouse operations
                    5.2.3.2 Development of IoT integrated autonomous forklifts
           5.2.4 CHALLENGES
                    5.2.4.1 Technical challenges related to sensing elements
                    5.2.4.2 Susceptibility of autonomous forklifts and automated warehouses to cyberattacks
    5.3 MARKET SCENARIO
           FIGURE 26 MARKET SCENARIO, 2019–2027 (USD MILLION)
           5.3.1 REALISTIC SCENARIO
                    TABLE 2 MARKET (REALISTIC SCENARIO), BY REGION, 2019–2027 (USD MILLION)
           5.3.2 HIGH COVID-19 IMPACT SCENARIO
                    TABLE 3 MARKET (HIGH COVID-19 IMPACT SCENARIO), BY REGION, 2019–2027 (USD MILLION)
           5.3.3 LOW COVID-19 IMPACT SCENARIO
                    TABLE 4 MARKET (LOW COVID-19 IMPACT SCENARIO), BY REGION, 2019–2027 (USD MILLION)
    5.4 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 27 PORTER’S FIVE FORCES ANALYSIS: PRESENCE OF ESTABLISHED GLOBAL PLAYERS INCREASES DEGREE OF COMPETITION
           5.4.1 PORTER’S FIVE FORCES ANALYSIS
                    TABLE 5 PORTER’S FIVE FORCES ANALYSIS
           5.4.2 THREAT OF SUBSTITUTES
           5.4.3 THREAT OF NEW ENTRANTS
           5.4.4 BARGAINING POWER OF BUYERS
           5.4.5 BARGAINING POWER OF SUPPLIERS
           5.4.6 INTENSITY OF COMPETITIVE RIVALRY
    5.5 TRENDS/DISRUPTIONS IMPACTING AUTONOMOUS FORKLIFT MARKET
                    FIGURE 28 REVENUE SHIFT FOR MARKET
    5.6 MARKET ECOSYSTEM
           FIGURE 29 AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET ECOSYSTEM
           FIGURE 30 MARKET ECOSYSTEM
           TABLE 6 MARKET: ROLE OF COMPANIES IN THE ECOSYSTEM
    5.7 SUPPLY CHAIN ANALYSIS
           FIGURE 31 SUPPLY CHAIN ANALYSIS: MARKET
    5.8 PATENT ANALYSIS
    5.9 AVERAGE SELLING PRICE ANALYSIS
           5.9.1 AVERAGE REGIONAL PRICE TREND: AUTONOMOUS FORKLIFTS, 2021
           5.9.2 AVERAGE REGIONAL PRICE TREND: AUTONOMOUS FORKLIFTS, BY TONNAGE CAPACITY, 2021
    5.10 CASE STUDY
           5.10.1 USE CASE 1: HAVAL PRODUCTION PLANT
           5.10.2 USE CASE 2: PANASONIC ENERGY BELGIUM NV
           5.10.3 USE CASE 3: IMPLEMENTING DEMATIC’S AUTONOMOUS FORKLIFT TO REDUCE DELIVERY TIME AT L‘ORΙAL
           5.10.4 USE CASE 4: AER MANUFACTURING
    5.11 KEY CONFERENCES & EVENTS IN 2022-2023
                    TABLE 7 MARKET: DETAILED LIST OF CONFERENCES & EVENTS
    5.12 REGULATORY FRAMEWORK
           5.12.1 NORTH AMERICA
           5.12.2 EUROPE
           5.12.3 ASIA PACIFIC
    5.13 TECHNOLOGY ANALYSIS
           5.13.1 INDUSTRY 4.0
           5.13.2 5G CONNECTIVITY
           5.13.3 PREDICTIVE ANALYTICS
           5.13.4 MACHINE LEARNING (ML)

6 AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY (Page No. - 75)
Note: The market size and forecast of each tonnage capacity autonomous forklift is further segmented into regions – Asia Pacific, Europe, North America, and Rest of the World
    6.1 INTRODUCTION
           6.1.1 RESEARCH METHODOLOGY
           6.1.2 ASSUMPTIONS
           6.1.3 INDUSTRY INSIGHTS
                    FIGURE 32 MARKET, BY TONNAGE CAPACITY, 2021 VS. 2027 (USD MILLION)
                    TABLE 8 MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
                    TABLE 9 MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
                    TABLE 10 MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
                    TABLE 11 AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)
    6.2 BELOW 5 TONS
           6.2.1 EASY OPERATIONAL FLEXIBILITY IN COMPACT WAREHOUSES TO DRIVE DEMAND
                    TABLE 12 BELOW 5 TONS: MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 13 BELOW 5 TONS: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 14 BELOW 5 TONS: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 15 BELOW 5 TONS: MARKET, BY REGION, 2021–2027 (USD MILLION)
    6.3 5-10 TONS
           6.3.1 GROWING ELECTRIC INFRASTRUCTURE TO DRIVE DEMAND
                    TABLE 16 5-10 TONS: MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 17 5-10 TONS: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 18 5-10 TONS: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 19 5-10 TONS: MARKET, BY REGION, 2021–2027 (USD MILLION)
    6.4 ABOVE 10 TONS
           6.4.1 USAGE IN HEAVY-DUTY OPERATIONS TO DRIVE DEMAND
                    TABLE 20 ABOVE 10-TONS: MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 21 ABOVE 10-TONS: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 22 ABOVE 10-TONS: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 23 ABOVE 10-TONS: MARKET, BY REGION, 2021–2027 (USD MILLION)

7 AUTONOMOUS FORKLIFT MARKET, BY APPLICATION (Page No. - 84)
Note: The market size and forecast of each application is further segmented into regions – Asia Pacific, Europe, North America, and Rest of the World
    7.1 INTRODUCTION
           7.1.1 RESEARCH METHODOLOGY
           7.1.2 ASSUMPTIONS
           7.1.3 INDUSTRY INSIGHTS
                    FIGURE 33 MARKET, BY APPLICATION, 2021 VS 2027 (USD MILLION)
                    TABLE 24 MARKET, BY APPLICATION, 2018–2020 (UNITS)
                    TABLE 25 MARKET, BY APPLICATION, 2021–2027 (UNITS)
                    TABLE 26 MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
                    TABLE 27 MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
    7.2 MANUFACTURING
           7.2.1 BENEFITS LIKE EFFICIENCY OF OPERATIONS TO DRIVE DEMAND
                    TABLE 28 MANUFACTURING: MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 29 MANUFACTURING: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 30 MANUFACTURING: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 31 MANUFACTURING: MARKET, BY REGION, 2021–2027 (USD MILLION)
    7.3 WAREHOUSING
           7.3.1 INCREASING PRODUCT DIFFERENTIATION AND REDUCED PALLET SIZE TO DRIVE DEMAND
                    TABLE 32 WAREHOUSING: MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 33 WAREHOUSING: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 34 WAREHOUSING: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 35 WAREHOUSING: MARKET, BY REGION, 2021–2027 (USD MILLION)
    7.4 MATERIAL HANDLING
           7.4.1 INCREASE IN DATA-DRIVEN AUTOMATED TECHNOLOGY TO DRIVE DEMAND
                    TABLE 36 MATERIAL HANDLING: MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 37 MATERIAL HANDLING: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 38 MATERIAL HANDLING: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 39 MATERIAL HANDLING: MARKET, BY REGION, 2021–2027 (USD MILLION)
    7.5 LOGISTICS AND FREIGHT
           7.5.1 NEED FOR REDUCTION IN DELIVERY TIME AND RISING CONCERNS OVER DAMAGES AND LOSS OF GOODS TO DRIVE DEMAND
                    TABLE 40 LOGISTICS AND FREIGHT: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 41 LOGISTICS AND FREIGHT SENSOR MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 42 LOGISTICS AND FREIGHT: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 43 LOGISTICS AND FREIGHT: MARKET, BY REGION, 2021–2027 (USD MILLION)
    7.6 OTHER APPLICATIONS
           TABLE 44 OTHERS: MARKET, BY REGION, 2018–2020 (UNITS)
           TABLE 45 OTHERS: MARKET, BY REGION, 2021–2027 (UNITS)
           TABLE 46 OTHERS: MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 47 OTHERS: MARKET, BY REGION, 2021–2027 (USD MILLION)

8 AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY (Page No. - 97)
Note: The market size and forecast of each navigation technology is further segmented into regions – Asia Pacific, Europe, North America, and Rest of the World
    8.1 INTRODUCTION
           8.1.1 RESEARCH METHODOLOGY
           8.1.2 ASSUMPTIONS
           8.1.3 INDUSTRY INSIGHTS
                    FIGURE 34 MARKET, BY NAVIGATION TECHNOLOGY, 2021 VS 2027 (USD MILLION)
                    TABLE 48 MARKET, BY NAVIGATION TECHNOLOGY, 2018–2020 (USD MILLION)
                    TABLE 49 MARKET, BY NAVIGATION TECHNOLOGY, 2021–2027 (USD MILLION)
    8.2 LASER GUIDANCE
           8.2.1 SPEED, ACCURACY, GROWING PRODUCT DIFFERENTIATION, AND COMPLEXITIES OF AGV TRACKS TO DRIVE DEMAND
                    TABLE 50 LASER GUIDANCE: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 51 LASER GUIDANCE: MARKET, BY REGION, 2021–2027 (USD MILLION)
    8.3 MAGNETIC GUIDANCE
           8.3.1 EASE OF INSTALLATION AND LOW COST OF OPERATION TO DRIVE DEMAND
                    TABLE 52 MAGNETIC GUIDANCE: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 53 MAGNETIC GUIDANCE: MARKET, BY REGION, 2021–2027 (USD MILLION)
    8.4 INDUCTIVE GUIDANCE
           8.4.1 GROWING APPLICATIONS IN OUTDOOR ENVIRONMENTS TO DRIVE DEMAND
                    TABLE 54 INDUCTIVE GUIDANCE: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 55 INDUCTIVE GUIDANCE: MARKET, BY REGION, 2021–2027 (USD MILLION)
    8.5 OPTICAL TAPE GUIDANCE
           8.5.1 GROWING APPLICATIONS IN NON-INDUSTRIAL SETTINGS TO DRIVE DEMAND
                    TABLE 56 OPTICAL TAPE GUIDANCE: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 57 OPTICAL TAPE GUIDANCE: MARKET, BY REGION, 2021–2027 (USD MILLION)
    8.6 VISION GUIDANCE
           8.6.1 REAL-TIME PATH OPTIMIZATION AND OBSTACLE DETECTION TO DRIVE DEMAND
                    TABLE 58 VISION GUIDANCE: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 59 VISION GUIDANCE MARKET, BY REGION, 2021–2027 (USD MILLION)
    8.7 OTHER NAVIGATION TECHNOLOGIES
           TABLE 60 OTHERS: MARKET, BY REGION, 2018–2020 (USD MILLION)
           TABLE 61 OTHERS: MARKET, BY REGION, 2021–2027 (SUNDAY, FAUSD MILLION)

9 AUTONOMOUS FORKLIFT MARKET, BY END USE INDUSTRY (Page No. - 107)
Note: The market size and forecast of each end use industry is further segmented into regions – Asia Pacific, Europe, North America, and Rest of the World
    9.1 INTRODUCTION
           9.1.1 RESEARCH METHODOLOGY
           9.1.2 ASSUMPTIONS
           9.1.3 INDUSTRY INSIGHTS
                    FIGURE 35 AUTONOMOUS FORKLIFT MARKET, BY INDUSTRY, 2021 VS 2027 (USD MILLION)
                    TABLE 62 MARKET, BY INDUSTRY, 2018–2020 (UNITS)
                    TABLE 63 MARKET, BY INDUSTRY, 2021–2027 (UNITS)
                    TABLE 64 MARKET, BY INDUSTRY, 2018–2020 (USD MILLION)
                    TABLE 65 MARKET, BY INDUSTRY, 2021–2027 (USD MILLION)
    9.2 THIRD-PARTY LOGISTICS (3PL)
           9.2.1 NEED FOR SAFE AND SPEEDY STORAGE TO DRIVE DEMAND
                    TABLE 66 THIRD-PARTY LOGISTICS: MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 67 THIRD-PARTY LOGISTICS: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 68 THIRD-PARTY LOGISTICS: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 69 THIRD-PARTY LOGISTICS: MARKET, BY REGION, 2021–2027 (USD MILLION)
    9.3 FOOD & BEVERAGES
           9.3.1 NEED TO REDUCE OPERATIONAL COSTS TO DRIVE DEMAND
                    TABLE 70 FOOD & BEVERAGES: MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 71 FOOD & BEVERAGES: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 72 FOOD & BEVERAGES: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 73 FOOD & BEVERAGES: MARKET, BY REGION, 2021–2027 (USD MILLION)
    9.4 AUTOMOTIVE
           9.4.1 NEED FOR EFFICIENT INVENTORY MANAGEMENT TO DRIVE DEMAND
                    TABLE 74 AUTOMOTIVE: MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 75 AUTOMOTIVE: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 76 AUTOMOTIVE: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 77 AUTOMOTIVE: MARKET, BY REGION, 2021–2027 (USD MILLION)
    9.5 PAPER & PULP
           9.5.1 NEED FOR OPTIMIZATION OF BOTTLENECKS TO DRIVE DEMAND
                    TABLE 78 PAPER & PULP: MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 79 PAPER & PULP: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 80 PAPER & PULP: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 81 PAPER & PULP: MARKET, BY REGION, 2021–2027 (USD MILLION)
    9.6 METALS & HEAVY MACHINERY
           9.6.1 NEED FOR EFFICIENT OPERATIONS TO DRIVE DEMAND
                    TABLE 82 METALS & HEAVY MACHINERY: MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 83 METALS & HEAVY MACHINERY: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 84 METALS & HEAVY MACHINERY: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 85 METALS & HEAVY MACHINERY: MARKET, BY REGION, 2021–2027 (USD MILLION)
    9.7 E-COMMERCE
           9.7.1 NEED TO OPTIMIZE WAREHOUSING OPERATIONS TO DRIVE DEMAND
                    TABLE 86 E-COMMERCE: MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 87 E-COMMERCE: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 88 E-COMMERCE: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 89 E-COMMERCE: MARKET, BY REGION, 2021–2027 (USD MILLION)
    9.8 AVIATION
           9.8.1 INCREASING MANUFACTURING AND ASSEMBLY OPERATIONS TO DRIVE DEMAND
                    TABLE 90 AVIATION: MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 91 AVIATION: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 92 AVIATION: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 93 AVIATION: MARKET, BY REGION, 2021–2027 (USD MILLION)
    9.9 SEMICONDUCTORS & ELECTRONICS
           9.9.1 NEED FOR CLEANROOM WAREHOUSING PROCESS TO DRIVE DEMAND
                    TABLE 94 SEMI-CONDUCTORS & ELECTRONICS: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 95 SEMI-CONDUCTORS & ELECTRONICS: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 96 SEMI-CONDUCTORS & ELECTRONICS: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 97 SEMI-CONDUCTORS & ELECTRONICS: MARKET, BY REGION, 2021–2027 (USD MILLION)
    9.10 CHEMICAL
           9.10.1 NEED TO ENSURE WORKPLACE SAFETY OF EMPLOYEES AND MANAGE WORKFLOW EFFECTIVELY TO DRIVE DEMAND
                    TABLE 98 CHEMICAL: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 99 CHEMICAL: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 100 CHEMICAL: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 101 CHEMICAL: MARKET, BY REGION, 2021–2027 (USD MILLION)
    9.11 HEALTHCARE
           9.11.1 NEED FOR AUTOMATED WAREHOUSING OPERATIONS TO DRIVE DEMAND
                    TABLE 102 HEALTHCARE: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 103 HEALTHCARE: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 104 HEALTHCARE: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 105 HEALTHCARE: MARKET, BY REGION, 2021–2027 (USD MILLION)
    9.12 OTHERS
                    TABLE 106 OTHERS: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS)
                    TABLE 107 OTHERS: MARKET, BY REGION, 2021–2027 (UNITS)
                    TABLE 108 OTHERS: MARKET, BY REGION, 2018–2020 (USD MILLION)
                    TABLE 109 OTHERS: MARKET, BY REGION, 2021–2027 (USD MILLION)

10 AUTONOMOUS FORKLIFT MARKET, BY PROPULSION (Page No. - 133)
Note: The market size and forecast of each propulsion type is further segmented into regions – Asia Pacific, Europe, North America, and Rest of the World
     10.1 INTRODUCTION
             10.1.1 RESEARCH METHODOLOGY
             10.1.2 ASSUMPTIONS
             10.1.3 INDUSTRY INSIGHTS
                       FIGURE 36 AUTONOMOUS FORKLIFT MARKET, BY PROPULSION, 2021 VS. 2027 (USD MILLION)
                       TABLE 110 MARKET, BY PROPULSION, 2018–2020 (UNITS)
                       TABLE 111 MARKET, BY PROPULSION, 2021–2027 (UNITS)
                       TABLE 112 MARKET, BY PROPULSION, 2018–2020 (USD MILLION)
                       TABLE 113 MARKET, BY PROPULSION, 2021–2027 (USD MILLION)
     10.2 ELECTRIC
             10.2.1 FOCUS ON ZERO-EMISSION WORKING ENVIRONMENT TO DRIVE DEMAND
                       TABLE 114 ELECTRIC: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS)
                       TABLE 115 ELECTRIC: MARKET, BY REGION, 2021–2027 (UNITS)
                       TABLE 116 ELECTRIC: MARKET, BY REGION, 2018–2020 (USD MILLION)
                       TABLE 117 ELECTRIC: MARKET, BY REGION, 2021–2027 (USD MILLION)
     10.3 INTERNAL COMBUSTION ENGINE (ICE)
             10.3.1 INCREASE IN HEAVY-DUTY OPERATIONS TO DRIVE DEMAND
                       TABLE 118 ICE: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS)
                       TABLE 119 ICE: MARKET, BY REGION, 2021–2027 (UNITS)
                       TABLE 120 ICE: MARKET, BY REGION, 2018–2020 (USD MILLION)
                       TABLE 121 ICE: MARKET, BY REGION, 2021–2027 (USD MILLION)
     10.4 ALTERNATE FUELS
             10.4.1 GROWING HEAVY INDUSTRY OPERATIONS AND CHANGING PRICES OF CONVENTIONAL FUELS TO DRIVE DEMAND
                       TABLE 122 ALTERNATE FUELS: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS)
                       TABLE 123 ALTERNATE FUELS: MARKET, BY REGION, 2021–2027 (UNITS)
                       TABLE 124 ALTERNATE FUELS: MARKET, BY REGION, 2018–2020 (USD MILLION)
                       TABLE 125 ALTERNATE FUELS: MARKET, BY REGION, 2021–2027 (USD MILLION)

11 AUTONOMOUS FORKLIFT MARKET, BY SALES CHANNEL (Page No. - 142)
Note: The market size and forecast of each sales channel is further segmented into regions – Asia Pacific, Europe, North America, and Rest of the World
     11.1 INTRODUCTION
             11.1.1 RESEARCH METHODOLOGY
             11.1.2 ASSUMPTIONS
             11.1.3 INDUSTRY INSIGHTS
                       FIGURE 37 AUTONOMOUS FORKLIFT MARKET, BY SALES CHANNEL, 2021 VS. 2027 (USD MILLION)
                       TABLE 126 MARKET, BY SALES CHANNEL, 2018–2020 (UNITS)
                       TABLE 127 MARKET, BY SALES CHANNEL, 2021–2027 (UNITS)
                       TABLE 128 MARKET, BY SALES CHANNEL, 2018–2020 (USD MILLION)
                       TABLE 129 MARKET, BY SALES CHANNEL, 2021–2027 (USD MILLION)
     11.2 IN-HOUSE PURCHASE
             11.2.1 LONG DURATION USAGE TO DRIVE DEMAND
                       TABLE 130 IN-HOUSE PURCHASE: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS)
                       TABLE 131 IN-HOUSE PURCHASE: MARKET, BY REGION, 2021–2027 (UNITS)
                       TABLE 132 IN-HOUSE PURCHASE: MARKET, BY REGION, 2018–2020 (USD MILLION)
                       TABLE 133 IN-HOUSE PURCHASE: MARKET, BY REGION, 2021–2027 (USD MILLION)
     11.3 LEASING
             11.3.1 NEED FOR BUDGETING STABILITY TO DRIVE DEMAND
                       TABLE 134 LEASING: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS)
                       TABLE 135 LEASING: MARKET, BY REGION, 2021–2027 (UNITS)
                       TABLE 136 LEASING: MARKET, BY REGION, 2018–2020 (USD MILLION)
                       TABLE 137 LEASING: MARKET, BY REGION, 2021–2027 (USD MILLION)

12 AUTONOMOUS FORKLIFT MARKET, BY TYPE (Page No. - 149)
Note: The market size and forecast of each type is further segmented into regions – Asia Pacific, Europe, North America, and Rest of the World
     12.1 INTRODUCTION
             12.1.1 RESEARCH METHODOLOGY
             12.1.2 ASSUMPTIONS
             12.1.3 INDUSTRY INSIGHTS
                       FIGURE 38 AUTONOMOUS FORKLIFT MARKET, BY TYPE, 2021 VS 2027 (USD MILLION)
                       TABLE 138 MARKET, BY TYPE, 2018–2020 (UNITS)
                       TABLE 139 MARKET, BY TYPE, 2021–2027 (UNITS)
                       TABLE 140 MARKET, BY TYPE, 2018–2020 (USD MILLION)
                       TABLE 141 MARKET, BY TYPE, 2021–2027 (USD MILLION)
     12.2 INDOOR
             12.2.1 GROWTH OF GLOBAL E-COMMERCE INDUSTRY TO DRIVE DEMAND
                       TABLE 142 INDOOR: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS)
                       TABLE 143 INDOOR: MARKET, BY REGION, 2021–2027 (UNITS)
                       TABLE 144 INDOOR: MARKET, BY REGION, 2018–2020 (USD MILLION)
                       TABLE 145 INDOOR: MARKET, BY REGION, 2021–2027 (USD MILLION)
     12.3 OUTDOOR
             12.3.1 GROWING AUTOMATION IN LOGISTICS AND FREIGHT SECTOR TO DRIVE DEMAND
                       TABLE 146 OUTDOOR: AUTONOMOUS FORKLIFT MARKET, BY REGION, 2018–2020 (UNITS)
                       TABLE 147 OUTDOOR MARKET, BY REGION, 2021–2027 (UNITS)
                       TABLE 148 OUTDOOR: MARKET, BY REGION, 2018–2020 (USD MILLION)
                       TABLE 149 OUTDOOR MARKET, BY REGION, 2021–2027 (USD MILLION)

13 AUTONOMOUS FORKLIFT MARKET, BY REGION (Page No. - 156)
Note: The market size and forecast of each country is further segmented into autonomous forklift tonnage capacity – Below 5 Tons, 5-10 Tons, and Above 10 Tons
     13.1 INTRODUCTION
             13.1.1 RESEARCH METHODOLOGY
             13.1.2 ASSUMPTIONS
             13.1.3 INDUSTRY INSIGHTS
                       FIGURE 39 MARKET, BY REGION, 2021 VS. 2027 (USD MILLION)
                       TABLE 150 MARKET, BY REGION, 2018–2020 (UNITS)
                       TABLE 151 MARKET, BY REGION, 2021–2027 (UNITS)
                       TABLE 152 MARKET, BY REGION, 2018–2020 (USD MILLION)
            TABLE 153 MARKET, BY REGION, 2021–2027 (USD MILLION)
     13.2 ASIA PACIFIC
               FIGURE 40 ASIA PACIFIC: MARKET SNAPSHOT
               TABLE 154 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2020 (UNITS)
               TABLE 155 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2027 (UNITS)
               TABLE 156 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
               TABLE 157 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             13.2.1 CHINA
                       13.2.1.1 Growth of industrial sector to drive the market
               TABLE 158 CHINA: MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
               TABLE 159 CHINA: MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
               TABLE 160 CHINA: MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
               TABLE 161 CHINA: MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)
             13.2.2 INDIA
                       13.2.2.1 Growth of automotive and e-commerce sectors to drive the market
                                   TABLE 162 INDIA: MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
                                   TABLE 163 INDIA: MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
                                   TABLE 164 INDIA: MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
                                   TABLE 165 INDIA: MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)
             13.2.3 JAPAN
                       13.2.3.1 Growth of automation technologies to drive the market
                                   TABLE 166 JAPAN: MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
                                   TABLE 167 JAPAN: MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
                                   TABLE 168 JAPAN: MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
                                   TABLE 169 JAPAN: MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)
             13.2.4 SOUTH KOREA
                       13.2.4.1 Demand for increased efficiency to drive the market
                                   TABLE 170 SOUTH KOREA: MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
                                   TABLE 171 SOUTH KOREA: MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
                                   TABLE 172 SOUTH KOREA: MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
                                   TABLE 173 SOUTH KOREA: MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)
     13.3 NORTH AMERICA
               FIGURE 41 NORTH AMERICA: MARKET SNAPSHOT
               TABLE 174 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2020 (UNITS)
               TABLE 175 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2027 (UNITS)
               TABLE 176 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
               TABLE 177 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             13.3.1 US
                       13.3.1.1 Inclination toward automation process to drive the market
                                   TABLE 178 US: MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
                                   TABLE 179 US: MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
                                   TABLE 180 US: MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
                                   TABLE 181 US: MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)
             13.3.2 MEXICO
                       13.3.2.1 Growth of foreign manufacturing units to drive the market
                                   TABLE 182 MEXICO: MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
                                   TABLE 183 MEXICO: MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
                                   TABLE 184 MEXICO: MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
                                   TABLE 185 MEXICO: MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)
             13.3.3 CANADA
                       13.3.3.1 Growing export infrastructure to drive the market
                                   TABLE 186 CANADA: MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
                                   TABLE 187 CANADA: MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
                                   TABLE 188 CANADA: MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
                                   TABLE 189 CANADA: MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)
     13.4 EUROPE
               FIGURE 42 EUROPE: MARKET SNAPSHOT
               TABLE 190 EUROPE: MARKET, BY COUNTRY, 2018–2020 (UNITS)
               TABLE 191 EUROPE: MARKET, BY COUNTRY, 2021–2027 (UNITS)
               TABLE 192 EUROPE: MARKET, BY COUNTRY, 2018–2020 (USD MILLION)
               TABLE 193 EUROPE: MARKET, BY COUNTRY, 2021–2027 (USD MILLION)
             13.4.1 GERMANY
                       13.4.1.1 High-volume logistics sector to drive the market
                                   TABLE 194 GERMANY: MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
                                   TABLE 195 GERMANY: MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
                                   TABLE 196 GERMANY: MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
                                   TABLE 197 GERMANY: MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)
             13.4.2 UK
                       13.4.2.1 Increase in automation in automotive sector to drive the market
                                   TABLE 198 UK: MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
                                   TABLE 199 UK: MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
                                   TABLE 200 UK: MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
                                   TABLE 201 UK: MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)
             13.4.3 FRANCE
                       13.4.3.1 Need for automation technology in growing industrial sectors to drive the market
                                   TABLE 202 FRANCE: MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
                                   TABLE 203 FRANCE: MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
                                   TABLE 204 FRANCE: MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
                                   TABLE 205 FRANCE: MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)
             13.4.4 RUSSIA
                       13.4.4.1 Expansion of warehouses to drive the market
                                   TABLE 206 RUSSIA: MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
                                   TABLE 207 RUSSIA: MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
                                   TABLE 208 RUSSIA: MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
                                   TABLE 209 RUSSIA: MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)
             13.4.5 ITALY
                       13.4.5.1 Thriving e-commerce sector to drive the market
                                   TABLE 210 ITALY: MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
                                   TABLE 211 ITALY: MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
                                   TABLE 212 ITALY: MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
                                   TABLE 213 ITALY: MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)
             13.4.6 SPAIN
                       13.4.6.1 Strategic location for logistics and warehousing to drive the market
                                   TABLE 214 SPAIN: MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
                                   TABLE 215 SPAIN: MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
                                   TABLE 216 SPAIN: MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
                                   TABLE 217 SPAIN: MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)
             13.4.7 REST OF EUROPE
                       TABLE 218 REST OF EUROPE: MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
                       TABLE 219 REST OF EUROPE: MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
                       TABLE 220 REST OF EUROPE: MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
                       TABLE 221 REST OF EUROPE: MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)
     13.5 REST OF THE WORLD (ROW)
               FIGURE 43 ROW: MARKET, 2021 VS. 2027 (USD MILLION)
               TABLE 222 ROW: MARKET, BY REGION, 2018–2020 (UNITS)
               TABLE 223 ROW: MARKET, BY REGION, 2021–2027 (UNITS)
               TABLE 224 ROW: MARKET, BY REGION, 2018–2020 (USD MILLION)
               TABLE 225 ROW: MARKET, BY REGION, 2021–2027 (USD MILLION)
             13.5.1 AFRICA
                       13.5.1.1 Expansion of warehouses due to growing export activities to drive demand
                                   TABLE 226 AFRICA: MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
                                   TABLE 227 AFRICA: MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
                                   TABLE 228 AFRICA: MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
                                   TABLE 229 AFRICA: MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)
             13.5.2 AUSTRALIA AND OCEANIA
                       13.5.2.1 Growing industrial activities to drive the market
                                   TABLE 230 AUSTRALIA AND OCEANIA: MARKET, BY TONNAGE CAPACITY, 2018–2020 (UNITS)
                                   TABLE 231 AUSTRALIA AND OCEANIA: MARKET, BY TONNAGE CAPACITY, 2021–2027 (UNITS)
                                   TABLE 232 AUSTRALIA AND OCEANIA: MARKET, BY TONNAGE CAPACITY, 2018–2020 (USD MILLION)
                                   TABLE 233 AUSTRALIA AND OCEANIA: MARKET, BY TONNAGE CAPACITY, 2021–2027 (USD MILLION)

14 COMPETITIVE LANDSCAPE (Page No. - 196)
     14.1 OVERVIEW
     14.2 AUTONOMOUS FORKLIFT MARKET SHARE ANALYSIS, 2020
               TABLE 234 MARKET SHARE ANALYSIS FOR MARKET, 2020
               FIGURE 44 MARKET SHARE, 2020
     14.3 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
     14.4 COMPETITIVE EVALUATION QUADRANT
             14.4.1 TERMINOLOGY
             14.4.2 STAR
             14.4.3 EMERGING LEADERS
             14.4.4 PERVASIVE
             14.4.5 PARTICIPANTS
                       FIGURE 45 AUTONOMOUS FORKLIFT MANUFACTURERS: COMPETITIVE EVALUATION MATRIX, 2021
     14.5 AUTONOMOUS FORKLIFT MARKET: COMPANY FOOTPRINT
               TABLE 235 MARKET: COMPANY FOOTPRINT, 2021
               TABLE 236 MARKET: COMPANY PRODUCT FOOTPRINT, 2021
               TABLE 237 MARKET: COMPANY REGION FOOTPRINT, 2021
     14.6 COMPETITIVE SCENARIO
             14.6.1 PRODUCT LAUNCHES
                       TABLE 238 PRODUCT LAUNCHES, 2018-2021
             14.6.2 DEALS
                       TABLE 239 DEALS, 2018–2021
             14.6.3 EXPANSIONS, 2018–2021
                       TABLE 240 EXPANSIONS, 2018–2021
     14.7 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2018–2021
               TABLE 241 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS AND EXPANSION AS KEY GROWTH STRATEGIES, 2017–2021


15 COMPANY PROFILES (Page No. - 209)
The Business Overview, Products Offered, and Recent Developments are covered for Top 11 Autonomous Forklift Market players.
MnM View is covered for first 5 Autonomous Forklift Market players
Profiles of ‘Additional players’ cover Business Overview, Products Offered and Company’s Regional Presence
(Business overview, Products offered, Recent developments & MnM View)*
     15.10 AUTONOMOUS FORKLIFT MARKET - KEY PLAYERS
             15.1.1 TOYOTA INDUSTRIES CORPORATION
                       TABLE 242 TOYOTA INDUSTRIES CORPORATION: BUSINESS OVERVIEW
                       FIGURE 46 TOYOTA INDUSTRIES CORPORATION: COMPANY SNAPSHOT
                       TABLE 243 TOYOTA MATERIAL HANDLING– DEALS
             15.1.2 KION GROUP AG
                       TABLE 244 KION GROUP AG: BUSINESS OVERVIEW
                       FIGURE 47 KION GROUP AG: COMPANY SNAPSHOT
                       TABLE 245 KION GROUP AG: EXPANSION
             15.1.3 MITSUBISHI LOGISNEXT CO. LTD
                       TABLE 246 MITSUBISHI LOGISNEXT CO. LTD: BUSINESS OVERVIEW
                       FIGURE 48 MITSUBISHI LOGISNEXT CO. LTD: COMPANY SNAPSHOT
             15.1.4 JUNGHEINRICH AG
                       TABLE 247 JUNGHEINRICH AG: BUSINESS OVERVIEW
                       FIGURE 49 JUNGHEINRICH AG: COMPANY SNAPSHOT
                       TABLE 248 JUNGHEINRICH AG: DEALS
                       TABLE 249 JUNGHEINRICH AG: EXPANSIONS
             15.1.5 AGILOX SERVICES GMBH
                       TABLE 250 AGILOX SERVICES GMBH: BUSINESS OVERVIEW
                       TABLE 251 AGILOX SERVICES GMBH: DEALS
                       TABLE 252 AGILOX SERVICES GMBH: PRODUCT LAUNCHES
             15.1.6 HYSTER-YALE MATERIALS HANDLING
                       TABLE 253 HYSTER-YALE MATERIALS HANDLING: BUSINESS OVERVIEW
                       FIGURE 50 HYSTER-YALE MATERIALS HANDLING: COMPANY SNAPSHOT
                       TABLE 254 HYSTER-YALE MATERIALS HANDLING: DEALS
             15.1.7 SWISSLOG AG
                       TABLE 255 SWISSLOG AG: BUSINESS OVERVIEW
                       FIGURE 51 SWISSLOG AG: COMPANY SNAPSHOT
                       TABLE 256 SWISSLOG AG: DEALS
             15.1.8 OCEANEERING INTERNATIONAL, INC
                       TABLE 257 OCEANEERING INTERNATIONAL INC: BUSINESS OVERVIEW
                       FIGURE 52 OCEANEERING INTERNATIONAL INC: COMPANY SNAPSHOT
             15.1.9 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.
                       TABLE 258 HYUNDAI CONSTRUCTION EQUIPMENT CO., LIMITED: BUSINESS OVERVIEW
                       FIGURE 53 HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD: COMPANY SNAPSHOT
             15.1.10 BALYO SA
                       TABLE 259 BALYO SA: BUSINESS OVERVIEW
                       FIGURE 54 BALYO SA: COMPANY SNAPSHOT
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     15.2 AUTONOMOUS FORKLIFT MARKET – ADDITIONAL PLAYERS
             15.2.1 ANHUI HELI CO., LTD
                       TABLE 260 ANHUI HELI CO., LTD: COMPANY OVERVIEW
             15.2.2 CROWN EQUIPMENT CORPORATION
                       TABLE 261 CROWN EQUIPMENT CORPORATION: COMPANY OVERVIEW
             15.2.3 AGVE AB
                       TABLE 262 AGVE AB: COMPANY OVERVIEW
             15.2.4 MOVIĜO ROBOTICS BV
                       TABLE 263 MOVIĜO ROBOTICS BV: COMPANY OVERVIEW
             15.2.5 OTTO MOTORS
                       TABLE 264 OTTO MOTORS: COMPANY OVERVIEW
             15.2.6 VECNA ROBOTICS
                       TABLE 265 VECNA ROBOTICS: COMPANY OVERVIEW
             15.2.7 SEEGRID CORPORATION
                       TABLE 266 SEEGRID CORPORATION: COMPANY OVERVIEW
             15.2.8 ELETTRIC80 S.P.A
                       TABLE 267 ELETTRIC80 S.P.A: COMPANY OVERVIEW
             15.2.9 MULTIWAY ROBOTICS (SHENZHEN) COMPANY
                       TABLE 268 MULTIWAY ROBOTICS (SHENZHEN) COMPANY: COMPANY OVERVIEW
             15.2.10 SCOTT AUTOMATION
                       TABLE 269 SCOTT AUTOMATION: COMPANY OVERVIEW
             15.2.11 SHENZHEN WELLWIT ROBOTICS CO., LTD
                       TABLE 270 SHENZHEN WELLWIT ROBOTICS CO., LTD: COMPANY OVERVIEW

16 RECOMMENDATIONS (Page No. - 239)
     16.1 ASIA PACIFIC TO DOMINATE AUTONOMOUS FORKLIFT MARKET
     16.2 E-COMMERCE EXPECTED TO BE KEY FOCUS FOR MANUFACTURERS
     16.3 CONCLUSION

17 APPENDIX (Page No. - 240)
     17.1 INSIGHTS OF INDUSTRY EXPERTS
     17.2 DISCUSSION GUIDE
     17.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     17.4 AVAILABLE CUSTOMIZATIONS
             17.4.1 AUTONOMOUS FORKLIFT MARKET, BY LEVEL OF AUTONOMY
                       17.4.1.1 Level 1
                       17.4.1.2 Level 2
                       17.4.1.3 Level 3
                       17.4.1.4 Level 4
             17.4.2 AUTONOMOUS FORKLIFT MARKET, BY TYPE AND COUNTRY
                       17.4.2.1 Asia Pacific
                                   17.4.2.1.1 China
                                   17.4.2.1.2 Japan
                                   17.4.2.1.3 South Korea
                                   17.4.2.1.4 India
                       17.4.2.2 Europe
                                   17.4.2.2.1 Germany
                                   17.4.2.2.2 France
                                   17.4.2.2.3 UK
                                   17.4.2.2.4 Italy
                                   17.4.2.2.5 Spain
                                   17.4.2.2.6 Russia
                       17.4.2.3 North America
                                   17.4.2.3.1 US
                                   17.4.2.3.2 Canada
                                   17.4.2.3.3 Mexico
                       17.4.2.4 Rest of the World
                                   17.4.2.4.1 Africa
                                   17.4.2.4.2 Australia and Oceania
     17.5 RELATED REPORTS
     17.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the autonomous forklift market. Exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as company websites, press releases, industry association publications, Intralogistics magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, and technical articles were used to identify and collect information useful for an extensive commercial study of the autonomous forklift market.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as CXOs; vice presidents; directors from business development, marketing, and product development/innovation teams; and related key executives from various key companies. Various system integrators, industry associations, independent consultants/industry veterans, and key opinion leaders were also interviewed.

Primary interviews were conducted to gather insights such as autonomous forklift market forecast, current technology trends, and upcoming technologies in the market. Data triangulation of all these points was carried out with the information gathered from secondary research. Stakeholders from the supply side were interviewed to understand their views on the points mentioned above.

Primary interviews were conducted with market experts from the supply side (autonomous forklift manufacturers) across four major regions, namely, North America, Europe, Asia-Pacific, and Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews.

In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales and operations, to provide a holistic viewpoint in our report. After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Autonomous Forklift Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach was used to estimate and validate the size of the autonomous forklift market by tonnage capacity, and region. Whereas the top-down approach was used to derive market size by navigation technology, by type, by application, by propulsion, by sales channel and by end-use industry. To determine the market size by tonnage capacity, the country-level estimated value share of autonomous forklifts for each tonnage capacity was multiplied by the average selling price (below 5-tons, 5-10 tons, above 10-tons).

The country-level market sizes were summed up to arrive at the regional market size, which was further added to derive the autonomous forklift market size. The market size of the navigation technology, by type, by application, by propulsion, by sales channel and by end-use industry segments was derived based on the share of navigation technology, by type, by application, by propulsion, by sales channel and by end-use industry then multiplied by region-wise market volume and by value.

Autonomous forklift Market: Bottom-Up Approach

Autonomous Forklift Market  Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All parameters that are expected to affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, supplemented with detailed inputs and analysis from MarketsandMarkets, and presented in the report.

Report Objectives

  • To define, describe, and forecast the autonomous forklift market in terms of value (USD million) and volume (thousand units) based on the following segments:
  • By Tonnage Capacity (below 5 tons, 5-10 tons, and above 10 tons)

    By Application (manufacturing, warehousing, material handling, logistics and freight, and others)

  • By Navigation Technology (laser guidance, magnetic guidance, vision guidance, inductive guidance, optical tape guidance, and others)
  • By Industry (3PL, food and beverages, automotive, paper and pulp, metals and heavy machinery, e-commerce, aviation, semiconductors and electronics, healthcare, and others)
  • By Propulsion (electric, ICE, and alternate fuels)
  • By Sales Channel (In-house purchase and leasing)
  • By Type (indoor and outdoor)
  • By Region (Asia Pacific, Europe, North America, and Rest of the World)

Available Customizations

Along with the market data, MarketsandMarkets offers customizations in accordance with company-specific needs.

The following customization options are available for the report:

Autonomous Forklift Market, By Level Of Autonomy

  • Level 1
  • Level 2
  • Level 3
  • Level 4

Autonomous Forklift Market, By Type And Country

  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
  • Europe
    • Germany
    • France
    • Uk
    • Italy
    • Spain
    • Russia
  • North America
    • Us
    • Canada
    • Mexico
  • Rest Of The World
    • Africa
    • Australia And Oceania

Note: This will be further segmented by region.

Report Code
AT 8069
Published ON
Mar, 2022
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