APAC to Dominate Autonomous Forklift Market through 2024

Growing trend of e-commerce, increasing warehouse requirements and growing technological advancements to drive global autonomous forklift market through 2024

According to TechSci Research report, “Global Autonomous Forklift Market By Level of Automation, By Class Type, By Fuel Type, By Application, By Region, Competition, Forecast & Opportunities, 2024”, global autonomous forklift market is anticipated to grow at an impressive rate in the forthcoming years as these self-driving vehicles are capable of  carrying out material handling operations effectively and reliably. Autonomous forklifts can carry heavy loads and perform operations such as loading and unloading without the requirement of humans. Rising industrialization and growing investments in infrastructure are expected to propel the growth of the global autonomous forklift industry over the next five years.

Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on "Global Autonomous Forklift Market "

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Autonomous forklift market is segmented based on level of automation, class type, fuel type, application and region. In terms of fuel type, market can be segregated into IC engine powered, motorized hand and electric powered autonomous forklifts. Motorized and electric powered forklifts are expected to witness significant growth during forecast period as these forklifts are powered by batteries, making them highly efficient and environment friendly. Nowadays, governments have implemented strict environmental regulations, due to which several forklift manufacturers are focusing on developing and launching battery powered forklifts that offer lower emissions.

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Major players operating in the global autonomous forklift market include Hyundai Heavy Industries Group, AB Volvo, Jungheinrich AG, Linde Material Handling, KION Group AG, Toyota Material Handling Group, OTTO Motors, Balyo Robotic, Crown Equipment, among others. Companies operating in the market are investing in technological advancements such as obstacle avoidance and target guidance for the smooth operations of self-driving forklifts. “Asia-Pacific is the dominant region in the global autonomous forklift market and the region is likely to continue its dominance over the next five years as well. This is due to reason that freight and logistics is one of the major applications of the autonomous forklifts and majority of freight transport in the region takes place through sea and rail, boosting the demand for forklifts to facilitate efficient movement of items.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Autonomous Forklift Market By Level of Automation, By Class Type, By Fuel Type, By Application, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global autonomous forklift market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global autonomous forklift market.

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