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Autonomous Forklift Market Share

Report ID: GMI9419
Published Date: May 2024
Report Format: PDF

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Autonomous Forklift Market Share

Jungheinrich AG and Toyota Industries Corporation hold a significant market share in the autonomous forklift business. Jungheinrich AG focuses on continuous innovation and product development to enhance the capabilities and features of its autonomous forklifts. Investing in research and development (R&D) leads to the introduction of new technologies, such as advanced sensors, AI algorithms, and cloud connectivity, improving the performance and reliability of its autonomous solutions.

Toyota Industries Corporation invests heavily in emerging technologies that enhance the capabilities and performance of its autonomous forklifts. This includes advancements in artificial intelligence, machine learning, robotics, and connectivity, enabling autonomous forklifts to operate more efficiently and autonomously in complex environments.

Autonomous Forklift Market Companies

Major players operating in the autonomous forklift industry are:

Balyo SA
BlueBotics SA
Daifuku Co., Ltd.
EK Automation GmbH
Hyster-Yale Materials Handling, Inc.
Jungheinrich AG
KION Group
Seegrid Corporation
Toyota Industries Corporation
Yale Materials Handling Corporation

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market valuation of autonomous forklift was eached USD 5.3 billion in 2023 and is estimated to register over 12% CAGR between 2024 and 2032, owing to the rise of warehouse and logistics industries.

The logistics & warehousing segment in the autonomous forklifts market accounted for 31% revenue share in 2023, as logistics centers handle a large amount of repetitive operations, such as picking, placing, and shipping items.

Asia Pacific autonomous forklift market accounted for over 40% share in 2023, backed by the significant demand for efficient warehouse and logistics operations.

Balyo SA, BlueBotics SA, Daifuku Co., Ltd., EK Automation GmbH, Hyster-Yale Materials Handling, Inc., Jungheinrich AG, KION Group, Seegrid Corporation, Toyota Industries Corporation and Yale Materials Handling Corporation