Global Autonomous Forklifts Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 8.11% from 2019 to 2027, reaching nearly US$ XX Bn.
The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Global Autonomous Forklifts Market: Market Overview
Autonomous forklift is also known as self-driving forklift which can be utilized for transport of material from one place to another. It also eliminates the human factor in warehouse work. Autonomous forklifts ensure that the right part is always in the right place at the right time. Apart from this, it has many advantages such as it increases the productivity in the warehouse, the risk of accidents on industries also reduces.
Global Autonomous Forklifts Market: Market Dynamics
The major factors accelerating the growth of the autonomous forklifts market include introduction of advanced technology to reduce the human efforts. Rapid urbanization and globalization expand the transportation and construction sector in developing nationsand are anticipated to increase the demand for autonomous forklifts market. Rapid rising e-commerce sector, along with the suppliers and distributors start acquiring the autonomous forklifts in order to speed up the productivity is another major factor which drives the global autonomous forklifts market.
However, high initial cost and maintenance cost of autonomous forklifts hamper the growth of the market. Availability of rental services of autonomous forklifts lower the product ownership. These are the major factors which restrain the growth of the global autonomous forklifts market.
Global Autonomous Forklifts Market: Market Segmentation
The autonomous forklifts are majorly used in warehouses for moving the material from one place to another, so the warehouse segment of application is subjected to drive the global autonomous forklifts market. Rapid urbanization expands the construction sector. A significant growth of e-commerce in result, freight and logistic segment holds the major shares of this market. The transport of heavy goods in the machinery industry need precision and accuracy, so above 10 tones segmentdominated the market. Leasing segment of sales channel is likely to dominate the global autonomous forklifts market as it serves major advantages to small enterprises who cannot afford the initial cost of forklift.
Global Autonomous Forklifts Market: Regional Analysis
Asia Pacific is dominating the global autonomous forklifts market during the forecast period. Improving infrastructure of developing countries of this region boost the autonomous forklifts. Rapid urbanization coupled with expansion of transportation and construction sector in result boost the demand of autonomous forklifts. High adoption rate of advanced technology in emerging nations such China, India. Sea freight and rail transport is major mode of transportation in this region. Thus, in turn anticipated to drive the autonomous forklifts market during the forecast period.
The objective of the report is to present a comprehensive analysis of the Global Autonomous Forklifts Marketincluding all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Autonomous Forklifts Marketdynamics, structure by analysing the market segments and projects the Global Autonomous Forklifts Marketsize. Clear representation of competitive analysis of key players by Sales Channel, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Autonomous Forklifts Market make the report investor’s guide.
Scope of the Global Autonomous Forklifts Market
Global Autonomous Forklifts Market, by Application
• Freight & logistics
Global Autonomous Forklifts Market, by Tonnage type
• Below 5 tons
• 5-10 tons
• Above 10 tons
Global Autonomous Forklifts Market, by Sales Channel
Global Autonomous Forklifts Market, by Region
• Asia Pacific
Rest of Asia
• North America
Rest of Europe
• South America
Rest of South America
• Middle East & Africa
Rest of MEA
Global Autonomous Forklifts Market, Key Players
• Godrej Industries Limited
• Hyundai Heavy Industries Group
• AB Volvo
• Jungheinrich AG
• Mitsubishi Heavy Industries
• Linde Material Handling
• KION Group AG
• Toyota Material Handling Group
• OTTO Motors
• Balyo Robotic
• Crown equipment
• Jungheinrich AG
• Linde Material Handling
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Vikas Godage
Organization: Maximize Market Research Pvt.Ltd.Pune
Email: [email protected]
Contact: +919607065656 / +919607195908