Autonomous Forklift Market

Report Code AT 8069
Published in Feb, 2025, By MarketsandMarkets™
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Autonomous Forklift Market by Tonnage (<3, 3-5, >5), Navigation (Laser, Vision, Optical Tape, Magnetic, SLAM, Inductive Guidance), Sales Channel, Application, End-use Industry, Forklift Type, Propulsion, Component, and Region - Global Forecast to 2032

 

Overview

The autonomous forklift market is projected to reach USD 5.07 billion by 2032 from an estimated USD 2.73 billion in 2025, at a CAGR of 9.3% from 2025 to 2032. The growth of the autonomous forklift market is influenced by factors such as the rise in e-commerce, increasing labor costs, and the need for enhanced warehouse efficiency and safety. Also, businesses are increasingly adopting automation to enhance productivity, improve safety, and have a competitive advantage in the market.

Many OEMs such as Toyota Industries Corporation (Japan), KION Group (Germany), Mitsubishi Logisnext Co., Ltd. (Japan), Jungheinrich AG (Germany), and others are developing advanced autonomous forklifts in the market. In January 2025, KION Group, NVIDIA, and Accenture showcase the warehouse of the future at CES 2025. This includes a digital twin powered by physical AI to improve the performance of intelligent warehouses that operate with automated forklifts, smart cameras, and the latest automation and robotics solutions.

Autonomous Forklift Market

Attractive Opportunities in the Autonomous Forklift Market

ASIA PACIFIC

Asia Pacific is estimated to be the largest market for autonomous forklift market. The growth in Asia can be attributed to growing demand in e-commerce, logistic and freight industry with below 3-ton capacity of autonomous forklifts.

The industries like automotive, electronics, food & beverage, and pharmaceuticals are increasingly integrating autonomous forklifts for streamlined operations and shift towards Industry 4.0 and smart logistics is boosting demand for autonomous forklifts in Europe

Laser guidance navigation technology will have the largest market share in autonomous forklift market due to precise navigation and obstacle detection feature.

The market growth can be attributed to an increased awareness about benefits of automated warehousing solutions and the rapid adoption of advanced technologies.

The Asia Pacific autonomous forklift market is projected to reach USD 2.09 Billion by 2032 at a CAGR of 10.8%

Global Autonomous Forklift Market Dynamics

DRIVER: Growing Demand for Automation in warehouses and material handling industry

Businesses want to enhance efficiency, reduce operational costs, and meet increasing consumer expectations for faster delivery times. Rapid e-commerce expansion necessitates efficient and scalable warehouse operations to meet consumer expectations for swift and accurate order fulfillment. Companies are increasingly adopting intelligent robotics and automated guided vehicles (AGVs) that work alongside human workers, significantly improving productivity and safety in complex environments. For instance, in January 2025, Symbiotic, an automation firm, announced a USD 200 million deal to acquire Walmart's robotics unit to enhance the retail giant's automated supply chain capabilities. This acquisition is part of a broader collaboration to develop AI-enabled robotic pickup and delivery centers, with Walmart investing USD 520 million into the program.

Additionally, in November 2024, Amazon has been expanding its use of warehouse robots to improve efficiency and reduce employee injuries. The introduction of robots like Proteus, designed to work collaboratively with human employees, exemplifies the industry's move towards integrating advanced robotics into warehouse operations. Incorporating advanced technologies, such as AI and IoT, into warehouse operations transforms the material handling landscape and drives significant growth in the autonomous forklift market.

RESTRAINT: High Initial Investment

The high initial investment required for autonomous forklifts is a restraining factor for their market adoption, particularly among small and medium-sized enterprises (SMEs). With costs ranging from approximately USD 75,000 to USD 80,000 for an automated forklift compared to USD 30,000 to USD 35,000 for a manual counterpart, many SMEs find it challenging to justify the expense against the backdrop of their operational budgets. Additionally, integrating these advanced systems with existing warehouse management infrastructure is complex and time-consuming, often necessitating modifications that further inflate costs. This complexity also requires ongoing maintenance and recalibration whenever warehouse layouts change, which adds to operational downtime and maintenance expenses. Some suppliers, such as Jungerheinrich AG (Germany) and Toyota Industries Corporation (Japan), offer end-to-end autonomous forklift systems.

While the long-term benefits of improved safety, efficiency, and productivity exist, the immediate financial burden and integration challenges significantly discourage many businesses from transitioning to autonomous forklifts. As industries in developed countries continue to embrace automation trends, addressing these high initial investment concerns will be essential for broader adoption and market growth.

 

OPPORTUNITY: IoT-integrated autonomous forklifts

IoT-enabled autonomous forklifts communicate seamlessly with warehouse management systems (WMS), enterprise resource planning (ERP) platforms, and other IoT devices. Integration of IoT technology into autonomous forklifts enables enhanced connectivity, real-time data exchange, and smarter operations in warehouses and manufacturing facilities. IoT creates an isolated ecosystem that allows an operator to monitor the working of autonomous forklifts with the help of a fleet management interface. Using sensors, AI, navigation technology, and IoT-enabled autonomous forklifts can avoid duplication of efforts and streamline repetitive tasks 24/7, reducing costs incurred on labor management.

IoT connectivity allows for real-time monitoring of critical parameters, such as load weight, forklift location, battery health, and operational efficiency. The data collected is processed through advanced analytics, providing actionable insights that help optimize workflows, reduce idle time, and enable predictive maintenance. The rapid adoption of innovative warehouse solutions and advanced logistics networks in the US and Canada is driving demand. The region's focus on Industry 4.0 and digital transformation further accelerates IoT-enabled forklift deployment. Additionally, OEMs are also inlining toward the integration of IoT in forklifts. For instance, Jungheinrich, in August 2024, integrated its material handling with the Automation, Racking, Safety, and Warehouse Management System (WMS), where these interactions demonstrate the Internet of Things (IoT).

The growing adoption of IoT has increased demand for smarter, connected autonomous forklifts across industries. Developed regions, such as Europe and North America, are leading this trend, as they have advanced manufacturing and logistics ecosystems actively investing in automation technologies. Emerging markets in Asia-Pacific, fueled by rapid industrialization and the expansion of e-commerce, give growth potential for IoT-integrated autonomous forklifts.

CHALLENGE: Failure of sensing elements

Sensors such as LiDAR, cameras, and ultrasonic devices enable these forklifts to navigate complex environments, detect obstacles, and ensure safe movement. A failure in any of these sensing components can disrupt operations entirely, leading to increased downtime and financial losses for businesses. Furthermore, industrial environments often present challenging conditions affecting sensor performance, including dust, low light, and reflective surfaces. These environmental limitations may cause sensor saturation or misinterpretation of data, complicating object detection and navigation and potentially resulting in collisions or accidents.

Additionally, integrating multiple sensor types in autonomous forklifts introduces significant complexity, requiring seamless coordination to ensure data reliability and rapid processing. Failure of sensor data effectively can lead to erroneous system decisions, compromising operational efficiency. Moreover, the maintenance and repair of sensing elements have a higher cost associated, as companies must invest in regular inspections, replacements, and recalibrations to ensure uninterrupted functionality, potentially reducing the economic viability of autonomous solutions. Sensor failures also heighten safety risks, particularly in environments with human workers, as malfunctioning sensors may fail to detect personnel or obstacles, resulting in accidents, injuries, or damage to goods. Addressing these challenges necessitates the development of robust sensor technologies, predictive maintenance strategies, and efficient system integration to enhance reliability, safety, and the overall adoption of autonomous forklifts in industrial and warehouse operations.

Global Autonomous Forklift Market Ecosystem Analysis

This section highlights the autonomous forklift ecosystem. The ecosystem comprises autonomous forklift manufacturers, component suppliers, technology providers, end users, and government & regulatory bodies. All stakeholders of this market ecosystem work collaboratively to develop advanced autonomous forklifts, which would help leverage technology, data, and regulatory frameworks to achieve goals.

Top Companies in Autonomous Forklift Market

Note: The above diagram only shows the representation of the Autonomous Forklift Market ecosystem; it is not limited to the companies represented above.
Source: Secondary Research and MarketsandMarkets Analysis

 

Below are 3-tons Tonnage Autonomous Forklifts to showcase the largest share in the market from 2025 to 2032

Below, 3-ton autonomous forklifts are used primarily for indoor applications. These forklifts find applications in e-commerce, consumer goods, small product manufacturing, and small warehouse industries. These compact lifts help ease and safely move goods within small warehouse floor areas. Also, these autonomous forklifts allow human resource safety while moving hazardous goods in small warehouses. The rapid growth of e-commerce has increased the need for efficient autonomous warehouse solutions, including forklifts with a capacity below 3 tons. These forklifts are crucial for moving goods in tight spaces and narrow aisles. Small and medium-sized businesses (SMEs) are growing, and they often choose these smaller forklifts as they are affordable and ideal for smaller operations. Below, 3-ton forklifts include battery-operated forklifts. Battery-electric forklift penetration in this segment is the highest and contributes approximately 90% to the overall market. Also, the demand for battery-electric forklifts in this segment is expected to grow due to the stringent emission norms for diesel forklifts and the growing focus on environmental sustainability. Therefore, for easy operational flexibility within limited space and increased operational efficiency, the use of below 3-ton autonomous forklifts is expected to increase during the forecast period.

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

Autonomous forklifts with electric propulsion hold the largest share, with approximately more than 95% in 2025. As industries increasingly adopt automation to enhance operational efficiency and reduce costs, electric autonomous forklifts offer a seamless transition into automated environments. Their compatibility with advanced warehouse management systems (WMS) and other computerized technologies allows businesses to streamline their material handling processes without extensively modifying their existing infrastructure. This adaptability is mainly used in e-commerce and logistics industries, where rapid scalability and flexibility are essential to meet fluctuating demand. Additionally, companies are increasingly investing in electric models due to their eco-friendly nature, lower operating costs, and reduced noise levels compared to traditional internal combustion forklifts. For instance, major players like Toyota Material Handling, KION Group, and Hyster-Yale Materials Handling are enhancing their electric forklift offerings with advanced technologies that improve performance and safety. In December 2024, Linde Materials Handling of KION Group announced the launch of the L-MATIC Core Pallet Stacker. This fully automated pallet stacker will be an integrated lithium-ion battery by February 2025. Moreover, factors influencing the growth of the electric propulsion autonomous forklifts during the projected period are the expanding electric infrastructure, particularly in Asia Pacific, Europe, and North American countries, supportive government legislations, and simple integration with automotive software and hardware technologies.

Asia Pacific is projected to be the fastest-growing market.

The Asia Pacific region constitutes some of the largest and fastest growing economies—such as China, Japan, and India—in the world. Huge domestic demand for products and services and significant business growth opportunities have led to the establishment of manufacturing and warehousing units for various industries in the region, such as automotive, metals, heavy machinery, semiconductors, and electronics. This offers an attractive growth opportunity for the forklift market in the Asia Pacific region.

China is estimated to lead the Asia Pacific autonomous forklift market during the forecast period, followed by Japan and India. The growth of the autonomous forklift market in the Asia Pacific can be attributed to the development of e-commerce and logistics sectors, the need for increasing production processes without compromising on quality standards, and incentives offered by governments of various countries for industrial infrastructure improvement projects. Based on tonnage capacity, the below 3-ton autonomous forklifts find significant applications in industries such as 3PL, e-commerce, food, and healthcare. Autonomous forklifts have many potential applications in these industries, such as inventory management, picking and packing of goods, pallet transport, and loading and unloading pallets.

2nd LARGEST MARKET IN 2025
INDIA: FASTEST GROWING MARKET IN THE REGION
Autonomous Forklift Market by region

Recent Developments of Autonomous Forklift Market

  • In February 2025, the Linde L-MATIC Core Pallet Stacker, a fully automated pallet stacker that integrates with the MATIC: move software, offering an efficient solution for automated load handling, is expected to be launched in February 2025.
  • In January 2025, KION Group, NVIDIA, and Accenture showcase warehouses of the future at CES 2025. This includes a digital twin powered by physical AI to improve the performance of intelligent warehouses that operate with automated forklifts, smart cameras, and the latest automation and robotics solutions.
  • In August 2024, Jungheinrich launched its first Experience Centre in the Asia-Pacific region in Singapore. It displayed the integration of Jungheinrich's Material Handling Equipment (MHE) with its Automation, Racking, Safety, and Warehouse Management System (WMS), where these interactions demonstrate the Internet of Things (IoT).
  • In July 2024, in collaboration with Fujitsu Limited, Toyota Material Handling Japan (TMHJ), a division of Toyota Industries Corporation, announced the launch of Japan's first cloud-based service for evaluating forklift safety using artificial intelligence (AI).

Key Market Players

List of Top Autonomous Forklift Market Companies

The Autonomous Forklift Market is dominated by a few major players that have a wide regional presence. The major players in the Autonomous Forklift Market are

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Scope of the Report

Report Attribute Details
Market size available for years 2020–2032
Base year considered 2024
Forecast period 2025–2032
Forecast units USD Million/Billion
Segments Covered By Tonnage Capacity, Navigation Technology, Sales Channel, forklift type, paper and pulp by tonnage capacity, Application, End-Use Industry, Type, Propulsion, Component and Region
Regions covered Asia Pacific, Europe, North America, and the Rest of the World

 

Key Questions Addressed by the Report

What is the current size of the global autonomous forklift market?
The current autonomous forklift market size is USD 2.73 billion in 2025.
Which are the adjacent markets that will be impacted due to autonomous forklifts?
Sensor Manufacturers, Hardware and software developers, and camera manufacturers will benefit from the growth of autonomous forklifts.
Who are the winners in the global autonomous forklift market?
The autonomous forklift market is dominated by players such as Toyota Industries Corporation (Japan), Kion Group AG (Germany), Mitsubishi Logisnext Co Ltd (Japan), Jungheinrich AG (Germany), and Hyster-Yale Materials Handling (US).
What are the key applications of autonomous forklifts?
Material handling and warehousing are the major applications of autonomous forklifts.
Below 3-tons Tonnage Capacity, autonomous forklifts are expected to change the dynamics of the automated material handling equipment market. How will this transform the overall market?
The below 3-tons tonnage capacity autonomous forklifts are autonomous pieces of equipment that will lead to warehouse optimization. Their application will improve operations by reducing the need for laborers, and warehouses can operate 24/7.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
1
  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION AND SCOPE
    INCLUSIONS AND EXCLUSIONS
  • 1.3 MARKET SCOPE
    YEARS CONSIDERED FOR THE STUDY
  • 1.4 CURRENCY
  • 1.5 LIMITATIONS
  • 1.6 STAKEHOLDERS
  • 1.7 SUMMARY OF CHANGES
RESEARCH METHODOLOGY
2
  • 2.1 RESEARCH DATA
    SECONDARY DATA
    - Key Secondary Sources
    - Key Data from Secondary Sources
    PRIMARY DATA
    - List of Primary Participants
    - Key Data from Primary Sources
  • 2.2 MARKET SIZE ESTIMATION
    BOTTOM-UP APPROACH
    TOP-DOWN APPROACH
  • 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
  • 2.4 RESEARCH ASSUMPTIONS
  • 2.5 RISK ASSESSMENT
  • 2.6 LIMITATIONS OF RESEARCH
EXECUTIVE SUMMARY
3
PREMIUM INSIGHTS
4
MARKET OVERVIEW
5
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    RESTRAINTS
    OPPORTUNITIES
    CHALLENGES
  • 5.3 IMPACT OF AI/GEN AI ON AUTONOMOUS FORKLIFT MARKET
  • 5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
  • 5.5 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TONNAGE CAPACITY
    AVERAGE SELLING PRICE TREND, BY REGION
  • 5.6 SUPPLY CHAIN ANALYSIS
  • 5.7 ECOSYSTEM ANALYSIS
  • 5.8 BOM/TCO ANALYSIS
  • 5.9 INVESTMENT AND FUNDING SCENARIO
    TECHNOLOGY ANALYSIS
    - Key Technologies
    - Complementary Technologies
    - Adjacent Technologies
    PATENT ANALYSIS
    TRADE ANALYSIS
    KEY CONFERENCES AND EVENTS (2025-2026)
    CASE STUDY ANALYSIS
    REGULATORY LANDSCAPE
    - List of Regulatory Bodies, Government Agencies, and Other Organizations
    KEY STAKEHOLDERS AND BUYING CRITERIA
    - Key Stakeholders in Buying Process
    - Buying Criteria
    OEM ANALYSIS
    - OEM Analysis of key players in Autonomous Forklift Market, By XXX
AUTONOMOUS FORKLIFT MARKET, BY NAVIGATION TECHNOLOGY
6
  • 6.1 INTRODUCTION
  • 6.2 LASER GUIDANCE
  • 6.3 MAGNETICS GUIDANCE
  • 6.4 INDUCTIVE GUIDANCE
  • 6.5 OPTICAL TAPE GUIDANCE
  • 6.6 VISION GUIDANCE
  • 6.7 SIMULTANEOUS LOCALIZATION AND MAPPING (SLAM)
AUTONOMOUS FORKLIFT MARKET, BY APPLICATION
7
  • 7.1 INTRODUCTION
  • 7.2 MANUFACTURING
  • 7.3 WAREHOUSE
  • 7.4 MATERIAL HANDLING
  • 7.5 LOGISTICS AND FREIGHT
  • 7.6 OTHER APPLICATION
AUTONOMOUS FORKLIFT MARKET, BY TONNAGE CAPACITY
8
  • 8.1 INTRODUCTION
  • 8.2 BELOW 5 TON
  • 8.3 5 – 10 TON
  • 8.4 ABOVE 10 TON
AUTONOMOUS FORKLIFT MARKET, BY END-INDUSTRY USE
9
  • 9.1 INTRODUCTION
  • 9.2 THIRD PARTY LOGISTICS
  • 9.3 FOOD AND BEVERAGES
  • 9.4 AUTOMOTIVE
  • 9.5 PAPER AND PULP
  • 9.6 METAL AND HEAVY MACHINERY
  • 9.7 E-COMMERCE
  • 9.8 AVIATION
  • 9.9 SEMICONDUCTOR AND ELECTRONICS
    CHEMICALS
    HEALTHCARE
    AUTONOMOUS FORKLIFT MARKET, BY FUEL SOURCE
AUTONOMOUS FORKLIFT MARKET, BY FUEL SOURCE
10
  • 10.1 INTRODUCTION
  • 10.2 ELECTRIC
  • 10.3 ICE
  • 10.4 ALTERNATE FUEL
AUTONOMOUS FORKLIFT MARKET, BY TYPE
11
  • 11.1 INTRODUCTION
  • 11.2 INDOOR
  • 11.3 OUTDOOR
AUTONOMOUS FORKLIFT MARKET, BY FORKLIFT TYPE
12
  • 12.1 INTRODUCTION
  • 12.2 PALLET JACKS
  • 12.3 PALLET STACKERS
AUTONOMOUS FORKLIFT MARKET, BY SALES CHANNEL
13
  • 13.1 INTRODUCTION
  • 13.2 INHOUSE PURCHASE
  • 13.3 LEASING
AUTONOMOUS FORKLIFT MARKET, BY COMPONENTS
14
  • 14.1 SENSOR SYSTEMS
  • 14.2 NAVIGATION SYSTEM
  • 14.3 CONTROL SYSTEMS
  • 14.4 SAFETY SYSTEMS
  • 14.5 COMMUNICATION SYSTEMS
AUTONOMOUS FORKLIFT MARKET, BY REGION
15
  • 15.1 INTRODUCTION
  • 15.2 NORTH AMERICA
    MACROECONOMIC OUTLOOK FOR NORTH AMERICA
    US
    CANADA
    MEXICO
    REST OF NORTH AMERICA
  • 15.3 EUROPE
    MACROECONOMIC OUTLOOK FOR EUROPE
    GERMANY
    UK
    FRANCE
    RUSSIA
    ITALY
    SPAIN
    POLAND
    REST OF EUROPE
  • 15.4 ASIA PACIFIC
    MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
    CHINA
    INDIA
    JAPAN
    SOUTH KOREA
    THAILAND
    SINGAPORE
    MALAYSIA
  • 15.5 ROW
    MACROECONOMIC OUTLOOK FOR ROW
    MIDDLE EAST & AFRICA
    SOUTH AMERICA
AUTONOMOUS FORKLIFT MARKET, COMPETITIVE LANDSCAPE
16
  • 16.1 OVERVIEW
  • 16.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022 - 2024
  • 16.3 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2019 - 2024
  • 16.4 MARKET SHARE ANALYSIS, 2024
  • 16.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 16.6 PRODUCT/BRAND COMPARISON
  • 16.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2024
    - Company Footprint
    - Region Footprint
    - By Forklift Type
    - By Fuel Source
    - By Sales Channel
  • 16.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
    - Detailed List of Key Startups/SMEs
    - Competitive Benchmarking of Key Startups/SMEs
  • 16.9 COMPETITIVE SITUATION AND TRENDS
    DEALS
    NEW PRODUCT LAUNCHES
    EXPANSION
    OTHERS
AUTONOMOUS FORKLIFT MARKET, COMPANY PROFILES
17
  • 17.1 KEY PLAYERS
    TOYOTA INDUSTRIES CORPORATION
    KION GROUP AG
    MITSUBISHI LOGISNEXT CO., LTD.
    JUNGHEINRICH AG
    AGILOX SERVICES GMBH
    HYSTER-YALE MATERIALS HANDLING, INC.
    SWISSLOG AG
    OCEANEERING INTERNATIONAL, INC.
    HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.
    - BALYO SA
  • 17.2 OTHER PLAYERS
    ANHUI HELI CO., LTD.
    AGVE AB
    MOVIGO ROBOTICS BV
    OTTO MOTORS
    VECNA ROBOTICS
    SEEGRID CORPORATION
    E80 GROUP SPA
    MULTIWAY ROBOTICS (SHENZHEN) COMPANY
    SCOTT AUTOMATION
    - SHENZHEN WELLWIT ROBOTICS CO., LTD.
    - CROWN EQUIPMENT CORPORATION
    - CLARK MATERIAL HANDLING COMPANY
    - BASTIAN SOLUTION
    - MANITOU GROUP
    - ALTA MATERIAL HANDLING
RECOMMENDATIONS BY MARKETSANDMARKETS
18
APPENDIX
19

The study involved four major activities in estimating the current size of the autonomous forklift market. Exhaustive secondary research was conducted to collect information on the market, peer, and parent markets. The next step was to validate these findings and assumptions and size them with 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

Extensive primary research has been conducted after understanding the autonomous forklift market scenario through secondary research. Several primary interviews have been conducted with market experts from the supply side (autonomous forklift OEMs) and demand side (dealers, e-commerce companies, warehouses, etc.) across major regions, namely, North America, Europe, and Asia Pacific. Approximately 70% and 30% of primary interviews have been conducted from the demand and supply sides, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, design, and marketing, to provide a holistic viewpoint in our report.

After interacting with industry participants, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the opinions of the in-house subject-matter experts, led us to the findings described in this report.

Autonomous Forklift Market Size, and Share

Note: Others include sales, marketing, and product managers.

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. The top-down approach was used to derive market size by navigation technology, type, application, forklift type, propulsion, sales channel, tonnage capacity, and end-use industry. To determine the autonomous forklift 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 3 tons, 3-5 tons, above 5 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.

Autonomous Forklift Market: Top-Down Approach

The top-down approach was followed to determine the market size by application, end-use industry, type, sales channel, fuel source, forklift type, paper & pulp sector by tonnage capacity, and navigation technology in terms of volume and value for autonomous forklifts. The region-wise autonomous forklift market volume and value by region (Asia Pacific, North America, Europe, Rest of the World) was derived from the global autonomous forklift market. The percentage share of autonomous forklifts by application, industry, type, sales channel, fuel source, forklift type, and navigation technology was derived from secondary sources and validated through primaries. It was further multiplied to region-wise autonomous forklift market volume and value. The market volume and value for autonomous forklifts by application, industry, type, sales channel, fuel source, forklift type, paper & pulp by tonnage capacity, and navigation technology were derived through this. The summation of all region-wise markets was carried out to obtain the total market for autonomous forklifts by type and industry in terms of volume (units) and value (USD million)

Autonomous Forklift Market : Top-Down and Bottom-Up Approach

Autonomous Forklift Market Top Down and Bottom Up Approach

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.

Market Definition

As per the Toyota Industries Corporation (Japan), an autonomous forklift is a driverless forklift with unique autopilot technology that provides reliable and accurate driverless operation for transporting, stacking, or picking. The autopilot system can function independently and alongside manually operated equipment systems.

Stakeholders

  • OEMs
  • Autonomous technology providers
  • Hardware & software providers
  • Dealer/distributors
  • Battery manufacturers
  • Robotic providers

Report Objectives

  • To define, describe, and forecast the autonomous forklift market in terms of value (USD million) and volume (units) based on the following segments:
    • By Tonnage Capacity (below 3 tons, 3-5 tons, and above 5 tons)
    • By Application (manufacturing, warehousing, material handling, logistics, freight, and others)
    • By Navigation Technology (laser guidance, magnetic guidance, vision guidance, inductive guidance, optical tape guidance, SLAM, 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 Fuel Source (electric, ICE, and alternate fuels)
    • By Sales Channel (In-house purchase and leasing)
    • By Forklift Type (Pallet Jacks and Pallet Stackers)
    • By Type (indoor and outdoor)
    • By Region (Asia Pacific, Europe, North America, and the Rest of the World)

Available Customizations

Along with the market data, MarketsandMarkets offers customizations per 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

  • Further breakup of the North American Autonomous Forklift Market
  • Further breakup of the European Autonomous Forklift Market
  • Further breakup of the Asia Pacific Autonomous Forklift Market
  • Further breakup of the Middle East & Africa Autonomous Forklift Market
  • Further breakup of the Latin American Autonomous Forklift Market

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

Previous Versions of this Report

Autonomous Forklift Market by Tonnage (<5, 5-10, >10), Navigation (Laser, Vision, Optical Tape, Magnetic, SLAM, Inductive Guidance, Others), Sales Channel, Application, End-use Industry, Forklift Type, Propulsion and Region - Global Forecast to 2028

Report Code AT 8069
Published in Apr, 2023, By MarketsandMarkets™

Autonomous Forklift Market by Tonnage (<5, 5-10, >10), Navigation (Laser, Vision, Optical Tape, Magnetic, SLAM, Inductive Guidance, Others), Sales Channel, Application, End-use Industry, Forklift Type, Propulsion and Region - Global Forecast to 2028

Report Code AT 8069
Published in Mar, 2022, By MarketsandMarkets™
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Growth opportunities and latent adjacency in Autonomous Forklift Market

Alex

May, 2022

We would like to know more about Autonomous Forklift Market by level of autonomy (level1, level2, level3)..

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