Automated Forklift Trucks Market
Description
Automated Forklift Trucks Market
Growth Factors of Automated Forklift Trucks Market
The global automated forklift trucks market size was valued at USD 630 million in 2023 and is projected to grow from USD 690 million in 2024 to USD 1520 million by 2032, exhibiting a CAGR of 10.4% during the forecast period of 2024-2032.
The pandemic disrupted the Automated Forklift Trucks Market by inflicting delivery chain delays and scaling investments again. However, it also improved the shift toward automation because of the increased calls for contactless logistics and e-commerce, using boom inside the region, impeding the automated forklift trucks market growth.
The Automated Forklift Trucks Market is pushed by the need for multiplied warehouse performance, improvements in robotics and AI, the boom of e-commerce, and enhanced protection features that reduce labour costs and improve operational accuracy.
The Automated Forklift Trucks marketplace is witnessing a surge in the impartial era. These forklifts are more capable of operating in the warehouse autonomously through enhancements in sensors and artificial intelligence, thereby increasing the automated forklift trucks market share globally. With LiDAR, cameras and ultrasonic sensors, those so-called ‘self-sufficient’ vehicles can see, analyse, decide upon and execute actions independently. Poor forklift performance plagues the warehouse and threatens its workers' safety; fair forklifts implement this shift and enhance operations and safeguarding.
Comprehensive Analysis of Automated Forklift Trucks Market
The Automated Forklift Trucks Market is segmented by type, navigation generation, software program, and industry. By kind, it includes counterbalance, pallet mover, outrigger, and achieve vans, with counterbalance vans precisely due to their robustness and suitability for heavy loads. Navigation technology is divided into laser-guided, magnetically guided, vision-guided, and others, with laser-guided structures dominating because of their precision and versatility. The marketplace packages include transportation & distribution, garage & assembly, and packaging, with transportation & distribution maintaining the maximum massive share because of its critical feature in logistics. Industry segments encompass automobile, food & beverage, e-trade, and others, with the meals & beverage sector leading due to its want for reliable and hygienic management solutions.
The Asia Pacific region led the automated forklift trucks market by benefitting a size of USD 220 million in 2023 due to its dominant sales proportion and strong growth ability, and the vicinity is anticipated to expand extensively at some point in the forecast.
The leading players in the Automated Forklift Trucks market play a crucial role in shaping its growth trajectory and setting industry standards. These key players, including Toyota Industries Corporation (Japan), JBT (U.S.), Mitsubishi Caterpillar Forklift America Inc. (U.S.), Agilox Services GmbH (Austria), Seegrid Corporation (U.S.), Kollmorgen (U.S.), KION GROUP AG (Germany), Hyster-Yale Materials Handling, Inc. (U.S.), E&K Automation GmbH (Germany), and Mitsubishi Logisnext Co. Ltd (Japan), contribute to a competitive landscape, driving innovation and advancing market development.
In December 2023, Linde Material Handling, a division of KION Group AG, added a new counterbalance forklift truck designed for warehouse automation. This forklift can handle loads of approximately 2 to three lots equipped with imaginative and prescient-guided navigation generation. It is also appropriate for transporting goods between different places.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 10.4% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
- Pallet Mover
- Counterbalance
- Outrigger
- Reach Truck
By Navigation Technology
- Laser Guided
- Magnetic Guided
- Vision Guided
- Others (Wire Guided, and others)
By Application
- Transportation & Distribution
- Storage & Assembly
- Packaging
By Industry
- Automotive
- Food & Beverage
- E-commerce
- Others (Healthcare, and others)
By Region
- North America (By Type, By Navigation Technology, By Application, By Industry, and By Country)
- U.S. (By Type)
- Canada (By Type)
- Germany (By Type)
- U.K. (By Type)
- France (By Type)
- Russia (By Type)
- Italy (By Type)
- Spain (By Type)
- Nordics (By Type)
- Benelux (By Type)
- Rest of Europe
- China (By Type)
- Japan (By Type)
- India (By Type)
- South Korea (By Type)
- Southeast Asia (By Type)
- Rest of the Asia Pacific
- GCC (By Type)
- South Africa (By Type)
- Rest of the Middle East & Africa
- Brazil (By Type)
- Mexico (By Type)
- Rest of Latin America
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Table of Contents
100 Pages
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Automated Forklift Trucks Market Key Players Market Share/Ranking, 2023
- 5. Global Automated Forklift Trucks Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Type (USD)
- 5.2.1. Pallet Mover
- 5.2.2. Counterbalance
- 5.2.3. Outrigger
- 5.2.4. Reach Truck
- 5.3. By Navigation Technology (USD)
- 5.3.1. Laser Guided
- 5.3.2. Magnetic Guided
- 5.3.3. Vision Guided
- 5.3.4. Others (Wire Guided, etc.)
- 5.4. By Application (USD)
- 5.4.1. Transportation & Distribution
- 5.4.2. Storage & Assembly
- 5.4.3. Packaging
- 5.5. By Industry (USD)
- 5.5.1. Automotive
- 5.5.2. Food & Beverage
- 5.5.3. E-Commerce
- 5.5.4. Others (Healthcare, etc.)
- 5.6. By Region (USD)
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Middle East & Africa
- 5.6.5. Latin America
- 6. North America Automated Forklift Trucks Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Type (USD)
- 6.2.1. Pallet Mover
- 6.2.2. Counterbalance
- 6.2.3. Outrigger
- 6.2.4. Reach Truck
- 6.3. By Navigation Technology (USD)
- 6.3.1. Laser Guided
- 6.3.2. Magnetic Guided
- 6.3.3. Vision Guided
- 6.3.4. Others (Wire Guided, etc.)
- 6.4. By Application (USD)
- 6.4.1. Transportation & Distribution
- 6.4.2. Storage & Assembly
- 6.4.3. Packaging
- 6.5. By Industry (USD)
- 6.5.1. Automotive
- 6.5.2. Food & Beverage
- 6.5.3. E-Commerce
- 6.5.4. Others (Healthcare, etc.)
- 6.6. By Country (USD)
- 6.6.1. U.S.
- 6.6.1.1. By Type
- 6.6.1.1.1. Pallet Mover
- 6.6.1.1.2. Counterbalance
- 6.6.1.1.3. Outrigger
- 6.6.1.1.4. Reach Truck
- 6.6.2. Canada
- 6.6.2.1. By Type
- 6.6.2.1.1. Pallet Mover
- 6.6.2.1.2. Counterbalance
- 6.6.2.1.3. Outrigger
- 6.6.2.1.4. Reach Truck
- 7. Europe Automated Forklift Trucks Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Type (USD)
- 7.2.1. Pallet Mover
- 7.2.2. Counterbalance
- 7.2.3. Outrigger
- 7.2.4. Reach Truck
- 7.3. By Navigation Technology (USD)
- 7.3.1. Laser Guided
- 7.3.2. Magnetic Guided
- 7.3.3. Vision Guided
- 7.3.4. Others (Wire Guided, etc.)
- 7.4. By Application (USD)
- 7.4.1. Transportation & Distribution
- 7.4.2. Storage & Assembly
- 7.4.3. Packaging
- 7.5. By Industry (USD)
- 7.5.1. Automotive
- 7.5.2. Food & Beverage
- 7.5.3. E-Commerce
- 7.5.4. Others (Healthcare, etc.)
- 7.6. By Country (USD)
- 7.6.1. Germany
- 7.6.1.1. By Type
- 7.6.1.1.1. Pallet Mover
- 7.6.1.1.2. Counterbalance
- 7.6.1.1.3. Outrigger
- 7.6.1.1.4. Reach Truck
- 7.6.2. U.K.
- 7.6.2.1. By Type
- 7.6.2.1.1. Pallet Mover
- 7.6.2.1.2. Counterbalance
- 7.6.2.1.3. Outrigger
- 7.6.2.1.4. Reach Truck
- 7.6.3. France
- 7.6.3.1. By Type
- 7.6.3.1.1. Pallet Mover
- 7.6.3.1.2. Counterbalance
- 7.6.3.1.3. Outrigger
- 7.6.3.1.4. Reach Truck
- 7.6.4. Russia
- 7.6.4.1. By Type
- 7.6.4.1.1. Pallet Mover
- 7.6.4.1.2. Counterbalance
- 7.6.4.1.3. Outrigger
- 7.6.4.1.4. Reach Truck
- 7.6.5. Italy
- 7.6.5.1. By Type
- 7.6.5.1.1. Pallet Mover
- 7.6.5.1.2. Counterbalance
- 7.6.5.1.3. Outrigger
- 7.6.5.1.4. Reach Truck
- 7.6.6. Spain
- 7.6.6.1. By Type
- 7.6.6.1.1. Pallet Mover
- 7.6.6.1.2. Counterbalance
- 7.6.6.1.3. Outrigger
- 7.6.6.1.4. Reach Truck
- 7.6.7. Nordics
- 7.6.7.1. By Type
- 7.6.7.1.1. Pallet Mover
- 7.6.7.1.2. Counterbalance
- 7.6.7.1.3. Outrigger
- 7.6.7.1.4. Reach Truck
- 7.6.8. Benelux
- 7.6.8.1. By Type
- 7.6.8.1.1. Pallet Mover
- 7.6.8.1.2. Counterbalance
- 7.6.8.1.3. Outrigger
- 7.6.8.1.4. Reach Truck
- 7.6.9. Rest of Europe
- 8. Asia Pacific Automated Forklift Trucks Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Type (USD)
- 8.2.1. Pallet Mover
- 8.2.2. Counterbalance
- 8.2.3. Outrigger
- 8.2.4. Reach Truck
- 8.3. By Navigation Technology (USD)
- 8.3.1. Laser Guided
- 8.3.2. Magnetic Guided
- 8.3.3. Vision Guided
- 8.3.4. Others (Wire Guided, etc.)
- 8.4. By Application (USD)
- 8.4.1. Transportation & Distribution
- 8.4.2. Storage & Assembly
- 8.4.3. Packaging
- 8.5. By Industry (USD)
- 8.5.1. Automotive
- 8.5.2. Food & Beverage
- 8.5.3. E-Commerce
- 8.5.4. Others (Healthcare, etc.)
- 8.6. By Country (USD)
- 8.6.1. China
- 8.6.1.1. By Type
- 8.6.1.1.1. Pallet Mover
- 8.6.1.1.2. Counterbalance
- 8.6.1.1.3. Outrigger
- 8.6.1.1.4. Reach Truck
- 8.6.2. Japan
- 8.6.2.1. By Type
- 8.6.2.1.1. Pallet Mover
- 8.6.2.1.2. Counterbalance
- 8.6.2.1.3. Outrigger
- 8.6.2.1.4. Reach Truck
- 8.6.3. India
- 8.6.3.1. By Type
- 8.6.3.1.1. Pallet Mover
- 8.6.3.1.2. Counterbalance
- 8.6.3.1.3. Outrigger
- 8.6.3.1.4. Reach Truck
- 8.6.4. South Korea
- 8.6.4.1. By Type
- 8.6.4.1.1. Pallet Mover
- 8.6.4.1.2. Counterbalance
- 8.6.4.1.3. Outrigger
- 8.6.4.1.4. Reach Truck
- 8.6.5. Southeast Asia
- 8.6.5.1. By Type
- 8.6.5.1.1. Pallet Mover
- 8.6.5.1.2. Counterbalance
- 8.6.5.1.3. Outrigger
- 8.6.5.1.4. Reach Truck
- 8.6.6. Rest of Asia Pacific
- 9. Middle East & Africa Automated Forklift Trucks Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Type (USD)
- 9.2.1. Pallet Mover
- 9.2.2. Counterbalance
- 9.2.3. Outrigger
- 9.2.4. Reach Truck
- 9.3. By Navigation Technology (USD)
- 9.3.1. Laser Guided
- 9.3.2. Magnetic Guided
- 9.3.3. Vision Guided
- 9.3.4. Others (Wire Guided, etc.)
- 9.4. By Application (USD)
- 9.4.1. Transportation & Distribution
- 9.4.2. Storage & Assembly
- 9.4.3. Packaging
- 9.5. By Industry (USD)
- 9.5.1. Automotive
- 9.5.2. Food & Beverage
- 9.5.3. E-Commerce
- 9.5.4. Others (Healthcare, etc.)
- 9.6. By Country (USD)
- 9.6.1. GCC
- 9.6.1.1. By Type
- 9.6.1.1.1. Pallet Mover
- 9.6.1.1.2. Counterbalance
- 9.6.1.1.3. Outrigger
- 9.6.1.1.4. Reach Truck
- 9.6.2. South Africa
- 9.6.2.1. By Type
- 9.6.2.1.1. Pallet Mover
- 9.6.2.1.2. Counterbalance
- 9.6.2.1.3. Outrigger
- 9.6.2.1.4. Reach Truck
- 9.6.3. Rest of Middle East & Africa
- 10. Latin America Automated Forklift Trucks Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Type (USD)
- 10.2.1. Pallet Mover
- 10.2.2. Counterbalance
- 10.2.3. Outrigger
- 10.2.4. Reach Truck
- 10.3. By Navigation Technology (USD)
- 10.3.1. Laser Guided
- 10.3.2. Magnetic Guided
- 10.3.3. Vision Guided
- 10.3.4. Others (Wire Guided, etc.)
- 10.4. By Application (USD)
- 10.4.1. Transportation & Distribution
- 10.4.2. Storage & Assembly
- 10.4.3. Packaging
- 10.5. By Industry (USD)
- 10.5.1. Automotive
- 10.5.2. Food & Beverage
- 10.5.3. E-Commerce
- 10.5.4. Others (Healthcare, etc.)
- 10.6. By Country (USD)
- 10.6.1. Brazil
- 10.6.1.1. By Type
- 10.6.1.1.1. Pallet Mover
- 10.6.1.1.2. Counterbalance
- 10.6.1.1.3. Outrigger
- 10.6.1.1.4. Reach Truck
- 10.6.2. Mexico
- 10.6.2.1. By Type
- 10.6.2.1.1. Pallet Mover
- 10.6.2.1.2. Counterbalance
- 10.6.2.1.3. Outrigger
- 10.6.2.1.4. Reach Truck
- 10.6.3. Rest of Latin America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Toyota Industries Corporation
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. JBT Corporation
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Mitsubishi Caterpillar Forklift America Inc
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Agilox Services GmbH
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Seegrid Corporation
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Kollmorgen
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. KION GROUP AG
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Hyster-Yale Materials Handling, Inc
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. E&K Automation GmbH
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Mitsubishi Logisnext Co. Ltd
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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