Automated Forklift Trucks Market: Size and Growth Projections by 2024

The global automated forklift trucks market size was valued at USD 0.63 billion in 2023. The market is projected to grow from USD 0.69 billion in 2024 to USD 1.52 billion by 2032, exhibiting a CAGR of 10.4% during the forecast period.

Request free sample pdf|https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/102617

Industry developments of automated forklift trucks market:

• • 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.

Top Companies of automated forklift trucks market:

• • • 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)

Get quote|https://www.fortunebusinessinsights.com/enquiry/get-a-quote/102617

Automated Forklift Trucks Market Segmentation

Automated Forklift Trucks Market Share, Size & 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 Between, 2024-2032

Reasons to buy this report:

The present state of the market, trends, growth areas, and competitive dynamics in the automated forklift trucks market are all thoroughly examined in this report. It helps companies to see areas for expansion and improvement while pointing out possible difficulties and dangers. The report’s evaluation of product portfolios and business segments helps stakeholders make better-informed investments and market strategies.

Developing successful success strategies in the automated forklift trucks market can be facilitated and decision-making greatly enhanced by having a solid understanding of the industry dynamics described in the report. All things considered, this report is a great resource for anyone looking for in-depth knowledge about this quickly evolving industry.

Regional Atributes:

• • • 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

Table of Contents:

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

TOC Continued…!

Automated Forklift Trucks Market Drivers and restrains:

• • • Driver: Increasing Demand for Warehouse AutomationThe growing trend towards warehouse automation drives the adoption of automated forklift trucks, which enhance efficiency, reduce labor costs, and improve inventory management in logistics and distribution centers.
    • Driver: Technological AdvancementsAdvancements in robotics, artificial intelligence, and sensor technology improve the capabilities of automated forklift trucks, making them more effective at navigating complex environments and handling various loads.
    • Driver: Labor Shortages and Rising CostsLabor shortages and increasing labor costs prompt businesses to invest in automated forklift trucks to reduce reliance on human operators and ensure consistent and efficient material handling.
    • Restraint: High Initial InvestmentThe significant capital required for purchasing and integrating automated forklift trucks can be a barrier for smaller businesses and warehouses with limited budgets, impacting overall market adoption.
    • Restraint: Complexity of Integration and MaintenanceIntegrating automated forklift trucks into existing warehouse systems can be complex and may require significant modifications, while ongoing maintenance and technical support can add to operational costs and challenges.

Ask for Customization Report|https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/102617

About Us:

Fortune Business Insights is dedicated to providing clients worldwide with a unique combination of qualitative and quantitative market research reports. We assist both international and domestic businesses in optimizing their operations by providing comprehensive market insights and accurate forecasts. Our reports cover all critical aspects of the market, providing valuable insights and projections to clients around the world.

Email|[email protected]

FAQ’s:

• • How big will the automated forklift trucks market market be in 2024?
  • Who are the main important figures that this report identifies?
  • Which are the main forces behind the automated forklift trucks industry?
  • What are the automated forklift trucks industry’s projected futures?