North America 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

North America 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 North America Autonomous Forklift Market would witness market growth of 12.5% CAGR during the forecast period (2023-2029).

Autonomously driven forklifts are a more cost-effective option for highly repetitive processes in various industries such as distribution centers and manufacturing. Using unmanned forklifts eliminates the need for human operators, resulting in reduced labor costs. This technology can also be applied in a hybrid setting, further increasing efficiency and cost savings.

The integration of these operations can facilitate continuous round-the-clock coverage across multiple shifts. In addition, autonomous forklift trucks exhibit efficient speed control and routing coordination. This allows material flows to retain optimal levels as well as the use of energy is restricted to a minimum. According to facilities managers, the use of unmanned forklifts results in a significant reduction in damage to shelving, pallets, loads, and other trucks. This is due to the autonomous forklifts' ability to navigate with greater accuracy and safety than manned forklifts.

The modern manufacturing industry relies heavily on cutting-edge technologies and innovative techniques to enhance the quality of products, increase production speed, and reduce costs. Therefore, implementing advanced software and hardware has become imperative for survival in the present competitive landscape, owing to the region's workforce shortage.

The American market for automated solutions is one of the biggest and most developed in the world. The country's desire for automated solutions in the logistics industry is driven by the robust economy, which has increased e-commerce activity, port traffic, and other major manufacturing indicators that have all contributed to a significant increase in manufacturing. The need for automated forklifts and other AGVs like unit loading AGVs, tug AGVs, assembly lines, and special purpose goods, which are widely used in food and beverage manufacturing companies, is significantly increased due to this reason.

The US market dominated the North America Autonomous Forklift Market by Country in 2022; thereby, achieving a market value of $1,847.9 million by 2029. The Canada market is experiencing a CAGR of 15% during (2023 - 2029). Additionally, The Mexico would exhibit a CAGR of 14% 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 U.S., Mexico, Canada, and Rest of North America.

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

US
Canada
Mexico
Rest of North America
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