Europe Autonomous Forklift Market Size, Share & Industry Trends Analysis Report By Type, By Application, By Navigation Technology, By Tonnage Capacity, By Operation Type, By Propulsion Type, By Vertical, By Country and Growth Forecast, 2023 - 2029
Description
Europe Autonomous Forklift Market Size, Share & Industry Trends Analysis Report By Type, By Application, By Navigation Technology, By Tonnage Capacity, By Operation Type, By Propulsion Type, By Vertical, By Country and Growth Forecast, 2023 - 2029
The Europe Autonomous Forklift Market would witness market growth of 12.2% CAGR during the forecast period (2023-2029).
Implementing automated guided vehicle (AGV) technology in manufacturing operations has proven highly advantageous, resulting in significant reductions in operating expenses and enhanced material throughput. However, the benefits of this technology extend beyond these primary advantages. Implementing material handling automation in the first-mile process can enhance a company's profitability and customer contentment across its warehouses.
The transportation of materials and products within a warehouse and distribution center is facilitated using automated pallet jacks. The newly developed pallet jack operates differently from traditional ones. Batteries commonly power these devices and can transport loads weighing several tons. Implementing autonomous pallet jacks in warehouse operations has been observed to enhance efficiency and safety.
These machines are capable of continuous operation without the need for breaks, can navigate through narrow spaces, and have the ability to detect and avoid obstacles and individuals. In addition, it is common practice to integrate them with warehouse management systems to optimize the flow of goods and reduce human errors.
Autonomous forklifts and other AGVs must adhere to safety standards outlined in the EN 1525 and EN 1526 rules, which deal with automated technology. These laws should aid in adopting autonomous forklifts and other automated material-handling equipment. European countries were the first to utilize automated warehouse material handling systems. Furthermore, localized distribution hubs are now increasingly essential due to Brexit. For instance, post-Brexit warehouse availability was at a record low. In addition, there is a higher requirement for quick order fulfilment due to rising e-commerce sales.
The Germany market dominated the Europe Autonomous Forklift Market by Country in 2022; thereby, achieving a market value of $606.5 million by 2029. The UK market is exhibiting a CAGR of 11.3% during (2023 - 2029). Additionally, The France market would experience a CAGR of 13.1% during (2023 - 2029).
Based on Type, the market is segmented into Pallet Jacks and Pallet Stackers. Based on Application, the market is segmented into Material Handling, Warehousing, Logistics & Freight, Manufacturing and Others. Based on Navigation Technology, the market is segmented into Vision Guidance, Laser Guidance, Magnetic & Inductive Guidance, Optical Tape Guidance and SLAM & Others. Based on Tonnage Capacity, the market is segmented into Below 5 Tons, 5-10 Tons and Above 10 Tons. Based on Operation Type, the market is segmented into Indoor and Outdoor. Based on Propulsion Type, the market is segmented into Electric and ICE & Others. Based on Vertical, the market is segmented into Food & Beverages, 3PL, Healthcare, Automotive & Aviation, Retail & Ecommerce, Paper & Pulp, Electronics & Semiconductors and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mitsubishi Logisnext Co., Ltd., Toyota Industries Corporation, Oceaneering International, Inc., Kuka AG (Swisslog Holding AG), Hyster-Yale Materials Handling, Inc., Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.), Jungheinrich AG, Balyo, KION GROUP AG and AGILOX Services GmbH
Scope of the Study
Market Segments covered in the Report:
By Type
Pallet Jacks
Pallet Stackers
By Application
Material Handling
Warehousing
Logistics & Freight
Manufacturing
Others
By Navigation Technology
Vision Guidance
Laser Guidance
Magnetic & Inductive Guidance
Optical Tape Guidance
SLAM & Others
By Tonnage Capacity
Below 5 Tons
5-10 Tons
Above 10 Tons
By Operation Type
Indoor
Outdoor
By Propulsion Type
Electric
ICE & Others
By Vertical
Food & Beverages
3PL
Healthcare
Automotive & Aviation
Retail & Ecommerce
Paper & Pulp
Electronics & Semiconductors
Others
By Country
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Companies Profiled
Mitsubishi Logisnext Co., Ltd.
Toyota Industries Corporation
Oceaneering International, Inc.
Kuka AG (Swisslog Holding AG)
Hyster-Yale Materials Handling, Inc.
Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.)
Jungheinrich AG
Balyo
KION GROUP AG
AGILOX Services GmbH
Unique Offerings from KBV Research
Exhaustive coverage
Highest number of market tables and figures
Subscription based model available
Guaranteed best price
Assured post sales research support with 10% customization free
Table of Contents
152 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Autonomous Forklift Market, by Type
- 1.4.2 Europe Autonomous Forklift Market, by Application
- 1.4.3 Europe Autonomous Forklift Market, by Navigation Technology
- 1.4.4 Europe Autonomous Forklift Market, by Tonnage Capacity
- 1.4.5 Europe Autonomous Forklift Market, by Operation Type
- 1.4.6 Europe Autonomous Forklift Market, by Propulsion Type
- 1.4.7 Europe Autonomous Forklift Market, by Vertical
- 1.4.8 Europe Autonomous Forklift Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition & Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographical Expansions
- 3.3 Market Share Analysis, 2021
- 3.4 Top Winning Strategies
- 3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 3.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2020, Sep – 2023, Mar) Leading Players
- Chapter 4. Europe Autonomous Forklift Market by Type
- 4.1 Europe Pallet Jacks Market by Country
- 4.2 Europe Pallet Stackers Market by Country
- Chapter 5. Europe Autonomous Forklift Market by Application
- 5.1 Europe Material Handling Market by Country
- 5.2 Europe Warehousing Market by Country
- 5.3 Europe Logistics & Freight Market by Country
- 5.4 Europe Manufacturing Market by Country
- 5.5 Europe Others Market by Country
- Chapter 6. Europe Autonomous Forklift Market by Navigation Technology
- 6.1 Europe Vision Guidance Market by Country
- 6.2 Europe Laser Guidance Market by Country
- 6.3 Europe Magnetic & Inductive Guidance Market by Country
- 6.4 Europe Optical Tape Guidance Market by Country
- 6.5 Europe SLAM & Others Market by Country
- Chapter 7. Europe Autonomous Forklift Market by Tonnage Capacity
- 7.1 Europe Below 5 Tons Market by Country
- 7.2 Europe 5-10 Tons Market by Country
- 7.3 Europe Above 10 Tons Market by Country
- Chapter 8. Europe Autonomous Forklift Market by Operation Type
- 8.1 Europe Indoor Market by Country
- 8.2 Europe Outdoor Market by Country
- Chapter 9. Europe Autonomous Forklift Market by Propulsion Type
- 9.1 Europe Electric Market by Country
- 9.2 Europe ICE & Others Market by Country
- Chapter 10. Europe Autonomous Forklift Market by Vertical
- 10.1 Europe Food & Beverages Market by Country
- 10.2 Europe 3PL Market by Country
- 10.3 Europe Healthcare Market by Country
- 10.4 Europe Automotive & Aviation Market by Country
- 10.5 Europe Retail & Ecommerce Market by Country
- 10.6 Europe Paper & Pulp Market by Country
- 10.7 Europe Electronics & Semiconductors Market by Country
- 10.8 Europe Others Market by Country
- Chapter 11. Europe Autonomous Forklift Market by Country
- 11.1 Germany Autonomous Forklift Market
- 11.1.1 Germany Autonomous Forklift Market by Type
- 11.1.2 Germany Autonomous Forklift Market by Application
- 11.1.3 Germany Autonomous Forklift Market by Navigation Technology
- 11.1.4 Germany Autonomous Forklift Market by Tonnage Capacity
- 11.1.5 Germany Autonomous Forklift Market by Operation Type
- 11.1.6 Germany Autonomous Forklift Market by Propulsion Type
- 11.1.7 Germany Autonomous Forklift Market by Vertical
- 11.2 UK Autonomous Forklift Market
- 11.2.1 UK Autonomous Forklift Market by Type
- 11.2.2 UK Autonomous Forklift Market by Application
- 11.2.3 UK Autonomous Forklift Market by Navigation Technology
- 11.2.4 UK Autonomous Forklift Market by Tonnage Capacity
- 11.2.5 UK Autonomous Forklift Market by Operation Type
- 11.2.6 UK Autonomous Forklift Market by Propulsion Type
- 11.2.7 UK Autonomous Forklift Market by Vertical
- 11.3 France Autonomous Forklift Market
- 11.3.1 France Autonomous Forklift Market by Type
- 11.3.2 France Autonomous Forklift Market by Application
- 11.3.3 France Autonomous Forklift Market by Navigation Technology
- 11.3.4 France Autonomous Forklift Market by Tonnage Capacity
- 11.3.5 France Autonomous Forklift Market by Operation Type
- 11.3.6 France Autonomous Forklift Market by Propulsion Type
- 11.3.7 France Autonomous Forklift Market by Vertical
- 11.4 Russia Autonomous Forklift Market
- 11.4.1 Russia Autonomous Forklift Market by Type
- 11.4.2 Russia Autonomous Forklift Market by Application
- 11.4.3 Russia Autonomous Forklift Market by Navigation Technology
- 11.4.4 Russia Autonomous Forklift Market by Tonnage Capacity
- 11.4.5 Russia Autonomous Forklift Market by Operation Type
- 11.4.6 Russia Autonomous Forklift Market by Propulsion Type
- 11.4.7 Russia Autonomous Forklift Market by Vertical
- 11.5 Spain Autonomous Forklift Market
- 11.5.1 Spain Autonomous Forklift Market by Type
- 11.5.2 Spain Autonomous Forklift Market by Application
- 11.5.3 Spain Autonomous Forklift Market by Navigation Technology
- 11.5.4 Spain Autonomous Forklift Market by Tonnage Capacity
- 11.5.5 Spain Autonomous Forklift Market by Operation Type
- 11.5.6 Spain Autonomous Forklift Market by Propulsion Type
- 11.5.7 Spain Autonomous Forklift Market by Vertical
- 11.6 Italy Autonomous Forklift Market
- 11.6.1 Italy Autonomous Forklift Market by Type
- 11.6.2 Italy Autonomous Forklift Market by Application
- 11.6.3 Italy Autonomous Forklift Market by Navigation Technology
- 11.6.4 Italy Autonomous Forklift Market by Tonnage Capacity
- 11.6.5 Italy Autonomous Forklift Market by Operation Type
- 11.6.6 Italy Autonomous Forklift Market by Propulsion Type
- 11.6.7 Italy Autonomous Forklift Market by Vertical
- 11.7 Rest of Europe Autonomous Forklift Market
- 11.7.1 Rest of Europe Autonomous Forklift Market by Type
- 11.7.2 Rest of Europe Autonomous Forklift Market by Application
- 11.7.3 Rest of Europe Autonomous Forklift Market by Navigation Technology
- 11.7.4 Rest of Europe Autonomous Forklift Market by Tonnage Capacity
- 11.7.5 Rest of Europe Autonomous Forklift Market by Operation Type
- 11.7.6 Rest of Europe Autonomous Forklift Market by Propulsion Type
- 11.7.7 Rest of Europe Autonomous Forklift Market by Vertical
- Chapter 12. Company Profiles
- 12.1 Toyota Industries Corporation
- 12.1.1 Company Overview
- 12.1.2 Financial Analysis
- 12.1.3 Segmental Analysis
- 12.1.4 Research & Development Expense
- 12.1.5 Recent strategies and developments:
- 12.1.5.1 Partnerships, Collaborations, and Agreements:
- 12.1.5.2 Product Launches and Product Expansions:
- 12.2 Mitsubishi Logisnext Co., Ltd.
- 12.2.1 Company Overview
- 12.2.2 Financial Analysis
- 12.2.3 Regional Analysis
- 12.2.4 Recent strategies and developments:
- 12.2.4.1 Partnerships, Collaborations, and Agreements:
- 12.2.4.2 Product Launches and Product Expansions:
- 12.2.4.3 Acquisition and Mergers:
- 12.3 Jungheinrich AG
- 12.3.1 Company Overview
- 12.3.2 Financial Analysis
- 12.3.3 Segmental and Regional Analysis
- 12.3.4 Research & Development Expenses
- 12.3.5 Recent strategies and developments:
- 12.3.5.1 Acquisition and Mergers:
- 12.4 KION GROUP AG
- 12.4.1 Company Overview
- 12.4.2 Financial Analysis
- 12.4.3 Segmental and Regional Analysis
- 12.4.4 Research & Development Expenses
- 12.4.5 Recent strategies and developments:
- 12.4.5.1 Geographical Expansions:
- 12.5 Hyster-Yale Materials Handling, Inc.
- 12.5.1 Company Overview
- 12.5.2 Financial Analysis
- 12.5.3 Segmental and Regional Analysis
- 12.5.4 Research & Development Expenses
- 12.5.5 Recent strategies and developments:
- 12.5.5.1 Partnerships, Collaborations, and Agreements:
- 12.5.5.2 Product Launches and Product Expansions:
- 12.6 Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.)
- 12.6.1 Company Overview
- 12.6.2 Financial Analysis
- 12.6.3 Recent strategies and developments:
- 12.6.3.1 Partnerships, Collaborations, and Agreements:
- 12.6.3.2 Product Launches and Product Expansions:
- 12.7 Oceaneering International, Inc.
- 12.7.1 Company Overview
- 12.7.2 Financial Analysis
- 12.7.3 Segmental and Regional Analysis
- 12.8 Kuka AG (Swisslog Holding AG)
- 12.8.1 Company Overview
- 12.8.2 Financial Analysis
- 12.8.3 Segmental and Regional Analysis
- 12.8.4 Research & Development Expenses
- 12.9 Balyo
- 12.9.1 Company Overview
- 12.9.2 Financial Analysis
- 12.9.3 Research & Development Expenses
- 12.10. AGILOX Services GmbH
- 12.10.1 Company Overview
- 12.10.2 Recent strategies and developments:
- 12.10.2.1 Product Launches and Product Expansions:
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
