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Autonomous Forklift Market Trends

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

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Autonomous Forklift Market Trends

Autonomous forklifts are witnessing significant advancements in navigation technology. Advancements, such as LiDAR, 3D cameras, and ultrasonic sensors, enable autonomous forklifts to monitor their environment and identify obstructions in real time. This facilitates safer navigation, fewer accidents, and the capacity to operate in more complicated areas. Simultaneous Localization & Mapping (SLAM) technology enables autonomous forklifts to generate and update maps of their surroundings in real time. This allows them to explore unknown locations, adjust to changes in warehouse structure, and deal with dynamic circumstances more efficiently.

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