The global Automated Forklift Trucks Market By 2024 is expected to witness significant growth, with its market size projected to increase from USD 0.63 billion in 2023 to 2032 by USD 1.52 billion. This reflects a compound annual growth rate (CAGR) of 10.4% over the forecast period. This report highlights industry growth trends, key drivers such as cost-effective solutions and sustainable practices, and emerging opportunities across residential, commercial, and industrial sectors.

The Automated Forklift Trucks Market comprises key manufacturers such as Toyota Industries Corporation (Japan), JBT (U.S.), Mitsubishi Caterpillar Forklift America Inc. (U.S.), Agilox Services GmbH (Austria), Seegrid Corporation (U.S.), Kollmorgen (U.S.), KION GROUP AG (Germany), Hyster-Yale Materials Handling, Inc (U.S.), E&K Automation GmbH (Germany), Mitsubishi Logisnext Co. Ltd (Japan) Expansions, collaborations, and deals were some of the major strategies adopted by these key players to enhance their positions in the Automated Forklift Trucks Market.

Market Scope:

Featuring in-depth analysis and forward-looking projections, this report is an essential resource for stakeholders aiming to leverage emerging opportunities and address challenges in the Automated Forklift Trucks Market. Key recent industry developments include;

    • Linde Material Handling, a subsidiary of KION Group AG, launched a new counterbalance type of forklift truck for warehouse automation. It is integrated with vision guided navigation technology. The product has a load capacity of around 2 to 3 tons. Moreover, it can be used for the transportation of products from one location to another.
    • Doosan Industrial Vehicle, a subsidiary of Doosan Corporation, signed a partnership with Kollmorgen. The partnership has been made to improve automation in the Kollmorgen. In addition, the main aim of the partnership is to improve the production of automated forklift trucks.
    • Jungheinrich AG, an exclusive distributor of Mitsubishi Logisnext Americas Group, introduced a new EKX 516Ka autonomous truck for handling and storage applications. It is a high rack stacker and offers features such as environment friendliness, versatility, powerfulness, maximum efficiency, and high productivity.
    • Linde Material Handling, a subsidiary of KION Group AG, introduced the R-matic autonomous reach truck for warehouse and logistics applications. It has a height of more than 11 meters and load capacity of 1,600 KG. It uses vision guided navigation technology with an innovative 3D camera to detect and maintain the precise loading location.
    • Otto Motors launched new automated products, such as OTTO 1500 and OTTO 100, for warehouse and manufacturing facility applications. They have a loading capacity of 2,640 pounds and feature laser guided navigation technology. They reduce labor costs, increasing the production capacity of manufacturing sectors.

Automated Forklift Trucks Market Highlights:

The report provides valuable insights into the Compound Annual Growth Rate (CAGR) of the Automated Forklift Trucks Market, projecting its growth from 2023 to 2032. It offers a comprehensive analysis of the key drivers fueling market expansion, highlighting the factors that will propel growth during the forecast period. Additionally, the report delivers precise estimates of the market size and share, helping stakeholders understand the Automated Forklift Trucks Market’s position in the broader industry.

Future trends and consumer behavior forecasts are also covered, offering a forward-looking perspective on market shifts. The report includes a regional growth analysis, breaking down the performance of the Automated Forklift Trucks Market across;

      • North America (By Type, By Navigation Technology, By Application, By Industry, and By Country)
        • U.S. (By Type)
        • Canada (By Type)
      • Europe (By Type, By Navigation Technology, By Application, By Industry, and By Country)
        • Germany (By Type)
        • U.K. (By Type)
        • France (By Type)
        • Russia (By Type)
        • Italy (By Type)
        • Spain (By Type)
        • Nordics (By Type)
        • Benelux (By Type)
        • Rest of Europe
      • Asia Pacific (By Type, By Navigation Technology, By Application, By Industry, and By Country)
        • China (By Type)
        • Japan (By Type)
        • India (By Type)
        • South Korea (By Type)
        • Southeast Asia (By Type)
        • Rest of the Asia Pacific
      • Middle East & Africa (By Type, By Navigation Technology, By Application, By Industry, and By Country)
        • GCC (By Type)
        • South Africa (By Type)
        • Rest of the Middle East & Africa
      • Latin America (By Type, By Navigation Technology, By Application, By Industry, and By Country)
        • Brazil (By Type)
        • Mexico (By Type)
        • Rest of Latin America

Segmentation of this market:

Automated Forklift Trucks Market Size, Share & Industry Analysis, By Type (Pallet Mover, Counterbalance, Outrigger, and Reach Truck), By Navigation Technology (Laser Guided, Magnetic Guided, Vision Guided, and Others), By Application (Transportation & Distribution, Storage & Assembly, and Packaging), By Industry (Automotive, Food & Beverage, E-Commerce, and Others), and Regional Forecast, 2024-2032

Explore a comprehensive Table of Contents, featuring detailed charts, tables, and figures, spread across 120+ pages. This report offers exclusive data, key statistics, industry trends, and insights into the competitive landscape within this niche sector.

Table of Contents:

      • Introduction
      • Research Scope
      • Market Segmentation
      • Research Methodology
      • Definitions and Assumptions
      • Executive Summary
      • Market Dynamics
        • Drivers
        • Restraints
        • Opportunities
      • Key Insights
      • Industry Developments – Mergers, Acquisitions, and Partnerships
      • Porter’s Five Forces Analysis
      • SWOT Analysis
      • Technological Advancements
      • Value Chain Analysis

TOC Continued…!

Drivers & Restrains:

      • Drivers:
        • Increasing demand for automation in warehouses and logistics operations to enhance efficiency and reduce labor costs.
        • Technological advancements in robotics and AI improving the performance, safety, and reliability of automated forklift trucks.
      • Restraints:
        • High initial investment and integration costs associated with automated forklift systems may deter small and medium-sized enterprises.
        • Concerns about the safety and reliability of automated systems in dynamic and complex warehouse environments.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @ https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/102617

About US:

Fortune Business Insights™ provides accurate corporate analysis and data, enabling organizations of all sizes to make timely decisions. We tailor innovative solutions for our clients, assisting them in addressing challenges unique to their businesses. Our goal is to provide our clients with holistic market intelligence, including a detailed overview of the market in which they operate.

U.S.: US +1 833 909 2966 (Toll Free)

UK +44 808 502 0280 (Toll Free)
APAC +91 744 740 1245
Email: [email protected]

Information contained on this page is provided by an independent third-party content provider. XPRMedia and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]