Selbyville, Delaware,, Oct. 28, 2024 (GLOBE NEWSWIRE) --
The autonomous forklift market is predicted to reach USD 14.6 Bn by 2032, as reported in a research study by Global Market Insights Inc.
The growth in e-commerce and retail sectors is a significant driver. As e-commerce expands rapidly, the demand for scalable warehousing and distribution solutions has surged. Autonomous forklifts can handle high volumes of goods with precision and speed, which is crucial in meeting the rising consumer expectations for fast and accurate deliveries. The continuous growth in online shopping and the need for efficient supply chain management are pushing retailers to invest in advanced automation technologies, including autonomous forklifts, to stay competitive.
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The warehouse forklifts segment of autonomous forklift market will grow rapidly through 2032, due to its advanced capabilities. These forklifts are equipped with sensors, cameras, and AI-driven systems that enable them to perform tasks such as picking, stacking, and transporting goods with minimal human intervention. The adoption of these forklifts is driven by the need to address challenges such as labor shortages, increasing demand for faster order fulfillment, and the need for improved safety in warehouse operations. As a result, industries ranging from retail and e-commerce to manufacturing and logistics are investing in autonomous warehouse forklifts to streamline their operations.
The autonomous forklift market for logistics and freight segment will generate notable revenues for the market by 2032, driven by the need for efficient and streamlined logistics operations. Autonomous forklifts are being deployed in logistics hubs, freight terminals, and distribution centers to handle the intensive demands of loading, unloading, and transporting goods. These forklifts are equipped with advanced sensors, GPS, and connectivity features that enable them to operate seamlessly within large-scale logistics environments, coordinating with other automated systems to ensure the smooth flow of goods. For freight applications, autonomous forklifts offer speed and precision. They can perform repetitive tasks with consistent accuracy, reduce the risk of damage to goods, and enhance overall productivity by minimizing delays and bottlenecks.
Europe autonomous forklift market will witness decent growth through 2032, driven by the strong focus on automation and technological advancements in the logistics and manufacturing sectors. The European Union’s emphasis on Industry 4.0 and smart manufacturing is fostering the adoption of autonomous material handling solutions across various industries. Countries such as Germany, France, and the United Kingdom are at the forefront of this trend, with a growing number of companies investing in autonomous forklifts to enhance their operational capabilities.
Major companies in the autonomous forklift market include, Toyota Industries Corporation, KION Group AG, Jungheinrich AG, Hyster-Yale Materials Handling, Inc., Crown Equipment Corporation, Daifuku Co., Ltd., Murata Machinery, Ltd., Still GmbH, Komatsu Ltd, Oceaneering International, Inc. Companies are focused on expanding their product portfolios by integrating advanced features such as AI, machine learning, and enhanced sensor systems to increase efficiency and safety. Strategic partnerships and collaborations with technology providers and logistics firms are enabling companies to leverage complementary expertise and access new market opportunities.
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Partial chapters of report table of contents (TOC):
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product, 2021 - 2032 (USD Billion, Units)
5.1 Key trends
5.2 Warehouse
5.3 Counterbalance
5.4 Others
Chapter 6 Market Estimates & Forecast, By Tonnage, 2021 - 2032 (USD Billion, Units)
6.1 Key trends
6.2 Below 5 tons
6.3 5-10 tons
6.4 Above 10 tons
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
