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.
Free Valuable Insights: The Worldwide Autonomous Forklift Market is Projected to reach USD 9.5 Billion by 2029, at a CAGR of 13%
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
By Propulsion Type
By Vertical
- Food & Beverages
- 3PL
- Healthcare
- Automotive & Aviation
- Retail & Ecommerce
- Paper & Pulp
- Electronics & Semiconductors
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
TABLE 1 North America Autonomous Forklift Market, 2019 - 2022, USD Million
TABLE 2 North America Autonomous Forklift Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Autonomous Forklift Market
TABLE 4 Product Launches And Product Expansions– Autonomous Forklift Market
TABLE 5 Acquisition and Mergers– Autonomous Forklift Market
TABLE 6 geographical expansions – Autonomous Forklift Market
TABLE 7 North America Autonomous Forklift Market by Type, 2019 - 2022, USD Million
TABLE 8 North America Autonomous Forklift Market by Type, 2023 - 2029, USD Million
TABLE 9 North America Pallet Jacks Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Pallet Jacks Market by Country, 2023 - 2029, USD Million
TABLE 11 North America Pallet Stackers Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Pallet Stackers Market by Country, 2023 - 2029, USD Million
TABLE 13 North America Autonomous Forklift Market by Application, 2019 - 2022, USD Million
TABLE 14 North America Autonomous Forklift Market by Application, 2023 - 2029, USD Million
TABLE 15 North America Material Handling Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Material Handling Market by Country, 2023 - 2029, USD Million
TABLE 17 North America Warehousing Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Warehousing Market by Country, 2023 - 2029, USD Million
TABLE 19 North America Logistics & Freight Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Logistics & Freight Market by Country, 2023 - 2029, USD Million
TABLE 21 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Manufacturing Market by Country, 2023 - 2029, USD Million
TABLE 23 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 25 North America Autonomous Forklift Market by Navigation Technology, 2019 - 2022, USD Million
TABLE 26 North America Autonomous Forklift Market by Navigation Technology, 2023 - 2029, USD Million
TABLE 27 North America Vision Guidance Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Vision Guidance Market by Country, 2023 - 2029, USD Million
TABLE 29 North America Laser Guidance Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Laser Guidance Market by Country, 2023 - 2029, USD Million
TABLE 31 North America Magnetic & Inductive Guidance Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Magnetic & Inductive Guidance Market by Country, 2023 - 2029, USD Million
TABLE 33 North America Optical Tape Guidance Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Optical Tape Guidance Market by Country, 2023 - 2029, USD Million
TABLE 35 North America SLAM & Others Market by Country, 2019 - 2022, USD Million
TABLE 36 North America SLAM & Others Market by Country, 2023 - 2029, USD Million
TABLE 37 North America Autonomous Forklift Market by Tonnage Capacity, 2019 - 2022, USD Million
TABLE 38 North America Autonomous Forklift Market by Tonnage Capacity, 2023 - 2029, USD Million
TABLE 39 North America Below 5 Tons Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Below 5 Tons Market by Country, 2023 - 2029, USD Million
TABLE 41 North America 5-10 Tons Market by Country, 2019 - 2022, USD Million
TABLE 42 North America 5-10 Tons Market by Country, 2023 - 2029, USD Million
TABLE 43 North America Above 10 Tons Market by Country, 2019 - 2022, USD Million
TABLE 44 North America Above 10 Tons Market by Country, 2023 - 2029, USD Million
TABLE 45 North America Autonomous Forklift Market by Operation Type, 2019 - 2022, USD Million
TABLE 46 North America Autonomous Forklift Market by Operation Type, 2023 - 2029, USD Million
TABLE 47 North America Indoor Market by Country, 2019 - 2022, USD Million
TABLE 48 North America Indoor Market by Country, 2023 - 2029, USD Million
TABLE 49 North America Outdoor Market by Country, 2019 - 2022, USD Million
TABLE 50 North America Outdoor Market by Country, 2023 - 2029, USD Million
TABLE 51 North America Autonomous Forklift Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 52 North America Autonomous Forklift Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 53 North America Electric Market by Country, 2019 - 2022, USD Million
TABLE 54 North America Electric Market by Country, 2023 - 2029, USD Million
TABLE 55 North America ICE & Others Market by Country, 2019 - 2022, USD Million
TABLE 56 North America ICE & Others Market by Country, 2023 - 2029, USD Million
TABLE 57 North America Autonomous Forklift Market by Vertical, 2019 - 2022, USD Million
TABLE 58 North America Autonomous Forklift Market by Vertical, 2023 - 2029, USD Million
TABLE 59 North America Food & Beverages Market by Country, 2019 - 2022, USD Million
TABLE 60 North America Food & Beverages Market by Country, 2023 - 2029, USD Million
TABLE 61 North America 3PL Market by Country, 2019 - 2022, USD Million
TABLE 62 North America 3PL Market by Country, 2023 - 2029, USD Million
TABLE 63 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 64 North America Healthcare Market by Country, 2023 - 2029, USD Million
TABLE 65 North America Automotive & Aviation Market by Country, 2019 - 2022, USD Million
TABLE 66 North America Automotive & Aviation Market by Country, 2023 - 2029, USD Million
TABLE 67 North America Retail & Ecommerce Market by Country, 2019 - 2022, USD Million
TABLE 68 North America Retail & Ecommerce Market by Country, 2023 - 2029, USD Million
TABLE 69 North America Paper & Pulp Market by Country, 2019 - 2022, USD Million
TABLE 70 North America Paper & Pulp Market by Country, 2023 - 2029, USD Million
TABLE 71 North America Electronics & Semiconductors Market by Country, 2019 - 2022, USD Million
TABLE 72 North America Electronics & Semiconductors Market by Country, 2023 - 2029, USD Million
TABLE 73 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 74 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 75 North America Autonomous Forklift Market by Country, 2019 - 2022, USD Million
TABLE 76 North America Autonomous Forklift Market by Country, 2023 - 2029, USD Million
TABLE 77 US Autonomous Forklift Market, 2019 - 2022, USD Million
TABLE 78 US Autonomous Forklift Market, 2023 - 2029, USD Million
TABLE 79 US Autonomous Forklift Market by Type, 2019 - 2022, USD Million
TABLE 80 US Autonomous Forklift Market by Type, 2023 - 2029, USD Million
TABLE 81 US Autonomous Forklift Market by Application, 2019 - 2022, USD Million
TABLE 82 US Autonomous Forklift Market by Application, 2023 - 2029, USD Million
TABLE 83 US Autonomous Forklift Market by Navigation Technology, 2019 - 2022, USD Million
TABLE 84 US Autonomous Forklift Market by Navigation Technology, 2023 - 2029, USD Million
TABLE 85 US Autonomous Forklift Market by Tonnage Capacity, 2019 - 2022, USD Million
TABLE 86 US Autonomous Forklift Market by Tonnage Capacity, 2023 - 2029, USD Million
TABLE 87 US Autonomous Forklift Market by Operation Type, 2019 - 2022, USD Million
TABLE 88 US Autonomous Forklift Market by Operation Type, 2023 - 2029, USD Million
TABLE 89 US Autonomous Forklift Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 90 US Autonomous Forklift Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 91 US Autonomous Forklift Market by Vertical, 2019 - 2022, USD Million
TABLE 92 US Autonomous Forklift Market by Vertical, 2023 - 2029, USD Million
TABLE 93 Canada Autonomous Forklift Market, 2019 - 2022, USD Million
TABLE 94 Canada Autonomous Forklift Market, 2023 - 2029, USD Million
TABLE 95 Canada Autonomous Forklift Market by Type, 2019 - 2022, USD Million
TABLE 96 Canada Autonomous Forklift Market by Type, 2023 - 2029, USD Million
TABLE 97 Canada Autonomous Forklift Market by Application, 2019 - 2022, USD Million
TABLE 98 Canada Autonomous Forklift Market by Application, 2023 - 2029, USD Million
TABLE 99 Canada Autonomous Forklift Market by Navigation Technology, 2019 - 2022, USD Million
TABLE 100 Canada Autonomous Forklift Market by Navigation Technology, 2023 - 2029, USD Million
TABLE 101 Canada Autonomous Forklift Market by Tonnage Capacity, 2019 - 2022, USD Million
TABLE 102 Canada Autonomous Forklift Market by Tonnage Capacity, 2023 - 2029, USD Million
TABLE 103 Canada Autonomous Forklift Market by Operation Type, 2019 - 2022, USD Million
TABLE 104 Canada Autonomous Forklift Market by Operation Type, 2023 - 2029, USD Million
TABLE 105 Canada Autonomous Forklift Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 106 Canada Autonomous Forklift Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 107 Canada Autonomous Forklift Market by Vertical, 2019 - 2022, USD Million
TABLE 108 Canada Autonomous Forklift Market by Vertical, 2023 - 2029, USD Million
TABLE 109 Mexico Autonomous Forklift Market, 2019 - 2022, USD Million
TABLE 110 Mexico Autonomous Forklift Market, 2023 - 2029, USD Million
TABLE 111 Mexico Autonomous Forklift Market by Type, 2019 - 2022, USD Million
TABLE 112 Mexico Autonomous Forklift Market by Type, 2023 - 2029, USD Million
TABLE 113 Mexico Autonomous Forklift Market by Application, 2019 - 2022, USD Million
TABLE 114 Mexico Autonomous Forklift Market by Application, 2023 - 2029, USD Million
TABLE 115 Mexico Autonomous Forklift Market by Navigation Technology, 2019 - 2022, USD Million
TABLE 116 Mexico Autonomous Forklift Market by Navigation Technology, 2023 - 2029, USD Million
TABLE 117 Mexico Autonomous Forklift Market by Tonnage Capacity, 2019 - 2022, USD Million
TABLE 118 Mexico Autonomous Forklift Market by Tonnage Capacity, 2023 - 2029, USD Million
TABLE 119 Mexico Autonomous Forklift Market by Operation Type, 2019 - 2022, USD Million
TABLE 120 Mexico Autonomous Forklift Market by Operation Type, 2023 - 2029, USD Million
TABLE 121 Mexico Autonomous Forklift Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 122 Mexico Autonomous Forklift Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 123 Mexico Autonomous Forklift Market by Vertical, 2019 - 2022, USD Million
TABLE 124 Mexico Autonomous Forklift Market by Vertical, 2023 - 2029, USD Million
TABLE 125 Rest of North America Autonomous Forklift Market, 2019 - 2022, USD Million
TABLE 126 Rest of North America Autonomous Forklift Market, 2023 - 2029, USD Million
TABLE 127 Rest of North America Autonomous Forklift Market by Type, 2019 - 2022, USD Million
TABLE 128 Rest of North America Autonomous Forklift Market by Type, 2023 - 2029, USD Million
TABLE 129 Rest of North America Autonomous Forklift Market by Application, 2019 - 2022, USD Million
TABLE 130 Rest of North America Autonomous Forklift Market by Application, 2023 - 2029, USD Million
TABLE 131 Rest of North America Autonomous Forklift Market by Navigation Technology, 2019 - 2022, USD Million
TABLE 132 Rest of North America Autonomous Forklift Market by Navigation Technology, 2023 - 2029, USD Million
TABLE 133 Rest of North America Autonomous Forklift Market by Tonnage Capacity, 2019 - 2022, USD Million
TABLE 134 Rest of North America Autonomous Forklift Market by Tonnage Capacity, 2023 - 2029, USD Million
TABLE 135 Rest of North America Autonomous Forklift Market by Operation Type, 2019 - 2022, USD Million
TABLE 136 Rest of North America Autonomous Forklift Market by Operation Type, 2023 - 2029, USD Million
TABLE 137 Rest of North America Autonomous Forklift Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 138 Rest of North America Autonomous Forklift Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 139 Rest of North America Autonomous Forklift Market by Vertical, 2019 - 2022, USD Million
TABLE 140 Rest of North America Autonomous Forklift Market by Vertical, 2023 - 2029, USD Million
TABLE 141 Key Information – Toyota Industries Corporation
TABLE 142 Key Information – Mitsubishi Logisnext Co., Ltd.
TABLE 143 Key Information – Jungheinrich AG
TABLE 144 Key Information – KION GROUP AG
TABLE 145 Key Information – Hyster-Yale Materials Handling, Inc.
TABLE 146 Key Information – Hyundai Construction Equipment Co., Ltd.
TABLE 147 Key Information – Oceaneering International, Inc.
TABLE 148 Key Information – Kuka AG
TABLE 149 Key Information – Balyo
TABLE 150 Key Information – AGILOX Services GmbH
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 5 Key Strategic Move: (Product Launches and Product Expansions : 2020, Sep – 2023, Mar) Leading Players
FIG 6 Recent strategies and developments: Toyota Industries Corporation
FIG 7 Recent strategies and developments: Mitsubishi Logisnext Co., Ltd.