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
Description
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
Table of Contents
129 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Autonomous Forklift Market, by Type
- 1.4.2 North America Autonomous Forklift Market, by Application
- 1.4.3 North America Autonomous Forklift Market, by Navigation Technology
- 1.4.4 North America Autonomous Forklift Market, by Tonnage Capacity
- 1.4.5 North America Autonomous Forklift Market, by Operation Type
- 1.4.6 North America Autonomous Forklift Market, by Propulsion Type
- 1.4.7 North America Autonomous Forklift Market, by Vertical
- 1.4.8 North America 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. North America Autonomous Forklift Market by Type
- 4.1 North America Pallet Jacks Market by Country
- 4.2 North America Pallet Stackers Market by Country
- Chapter 5. North America Autonomous Forklift Market by Application
- 5.1 North America Material Handling Market by Country
- 5.2 North America Warehousing Market by Country
- 5.3 North America Logistics & Freight Market by Country
- 5.4 North America Manufacturing Market by Country
- 5.5 North America Others Market by Country
- Chapter 6. North America Autonomous Forklift Market by Navigation Technology
- 6.1 North America Vision Guidance Market by Country
- 6.2 North America Laser Guidance Market by Country
- 6.3 North America Magnetic & Inductive Guidance Market by Country
- 6.4 North America Optical Tape Guidance Market by Country
- 6.5 North America SLAM & Others Market by Country
- Chapter 7. North America Autonomous Forklift Market by Tonnage Capacity
- 7.1 North America Below 5 Tons Market by Country
- 7.2 North America 5-10 Tons Market by Country
- 7.3 North America Above 10 Tons Market by Country
- Chapter 8. North America Autonomous Forklift Market by Operation Type
- 8.1 North America Indoor Market by Country
- 8.2 North America Outdoor Market by Country
- Chapter 9. North America Autonomous Forklift Market by Propulsion Type
- 9.1 North America Electric Market by Country
- 9.2 North America ICE & Others Market by Country
- Chapter 10. North America Autonomous Forklift Market by Vertical
- 10.1 North America Food & Beverages Market by Country
- 10.2 North America 3PL Market by Country
- 10.3 North America Healthcare Market by Country
- 10.4 North America Automotive & Aviation Market by Country
- 10.5 North America Retail & Ecommerce Market by Country
- 10.6 North America Paper & Pulp Market by Country
- 10.7 North America Electronics & Semiconductors Market by Country
- 10.8 North America Others Market by Country
- Chapter 11. North America Autonomous Forklift Market by Country
- 11.1 US Autonomous Forklift Market
- 11.1.1 US Autonomous Forklift Market by Type
- 11.1.2 US Autonomous Forklift Market by Application
- 11.1.3 US Autonomous Forklift Market by Navigation Technology
- 11.1.4 US Autonomous Forklift Market by Tonnage Capacity
- 11.1.5 US Autonomous Forklift Market by Operation Type
- 11.1.6 US Autonomous Forklift Market by Propulsion Type
- 11.1.7 US Autonomous Forklift Market by Vertical
- 11.2 Canada Autonomous Forklift Market
- 11.2.1 Canada Autonomous Forklift Market by Type
- 11.2.2 Canada Autonomous Forklift Market by Application
- 11.2.3 Canada Autonomous Forklift Market by Navigation Technology
- 11.2.4 Canada Autonomous Forklift Market by Tonnage Capacity
- 11.2.5 Canada Autonomous Forklift Market by Operation Type
- 11.2.6 Canada Autonomous Forklift Market by Propulsion Type
- 11.2.7 Canada Autonomous Forklift Market by Vertical
- 11.3 Mexico Autonomous Forklift Market
- 11.3.1 Mexico Autonomous Forklift Market by Type
- 11.3.2 Mexico Autonomous Forklift Market by Application
- 11.3.3 Mexico Autonomous Forklift Market by Navigation Technology
- 11.3.4 Mexico Autonomous Forklift Market by Tonnage Capacity
- 11.3.5 Mexico Autonomous Forklift Market by Operation Type
- 11.3.6 Mexico Autonomous Forklift Market by Propulsion Type
- 11.3.7 Mexico Autonomous Forklift Market by Vertical
- 11.4 Rest of North America Autonomous Forklift Market
- 11.4.1 Rest of North America Autonomous Forklift Market by Type
- 11.4.2 Rest of North America Autonomous Forklift Market by Application
- 11.4.3 Rest of North America Autonomous Forklift Market by Navigation Technology
- 11.4.4 Rest of North America Autonomous Forklift Market by Tonnage Capacity
- 11.4.5 Rest of North America Autonomous Forklift Market by Operation Type
- 11.4.6 Rest of North America Autonomous Forklift Market by Propulsion Type
- 11.4.7 Rest of North America 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.
