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.
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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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