According to Markntel Advisors Report, North America Autonomous Forklifts Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Autonomous forklifts are industrial trucks that automatically lift and transport products from one place to another in the inventories. These machines are fitted with a great variety of cameras, sensors, and navigation systems so that they can perform on their own.
Global North America Autonomous Forklifts Market Research Report & Summary:
The North America Autonomous Forklifts Market size was valued at around USD 0.95 billion in 2024 and is projected to reach USD 1.97 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9% during the forecast period, i.e., 2025-30.
Time Period Captured in the Report:
- Historical Years: 2020-2023
- Base Years: 2024
- Forecast Years: 2025-2030
Who are the Key Players Operating in the North America Autonomous Forklifts Market?
The top companies of the North America Autonomous Forklifts Market ruling the industry are:
Toyota Material Handling, Linde Material Handling, Seegrid, Swisslog, JBT Corporation, Kion Group, Murata Machinery Ltd., Hyster, Oceaneering, Mitsubishi Logisnext Ltd., Jungheinrich, Agilox, and others
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What is Included in North America Autonomous Forklifts Market Segmentation?
The North America Autonomous Forklifts Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Navigation
-Laser Guidance- Market Size & Forecast 2020-2030, USD Million
-Magnetic Guidance- Market Size & Forecast 2020-2030, USD Million
-Inductive Guidance- Market Size & Forecast 2020-2030, USD Million
-Optical Tape Guidance- Market Size & Forecast 2020-2030, USD Million
-Vision Guidance- Market Size & Forecast 2020-2030, USD Million
-Slam- Market Size & Forecast 2020-2030, USD Million
-Others- Market Size & Forecast 2020-2030, USD Million
-By Weight Capacity
-Below 3 Tons- Market Size & Forecast 2020-2030, USD Million
-3 to 5 Tons- Market Size & Forecast 2020-2030, USD Million
-Above 5 Tons- Market Size & Forecast 2020-2030, USD Million
-By End-User Industry
-Food & Beverages- Market Size & Forecast 2020-2030, USD Million
-Automotive- Market Size & Forecast 2020-2030, USD Million
-E-Commerce- Market Size & Forecast 2020-2030, USD Million
-Aviation- Market Size & Forecast 2020-2030, USD Million
-Healthcare- Market Size & Forecast 2020-2030, USD Million
-Chemical- Market Size & Forecast 2020-2030, USD Million
-Semi-Conductor & Electronics- Market Size & Forecast 2020-2030, USD Million
-Others- Market Size & Forecast 2020-2030, USD Million
-By Fuel
-Electric- Market Size & Forecast 2020-2030, USD Million
-ICE- Market Size & Forecast 2020-2030, USD Million
-By Operability
-Indoor- Market Size & Forecast 2020-2030, USD Million
-Outdoor- Market Size & Forecast 2020-2030, USD Million
-By Sourcing
-In-House Purchasing- Market Size & Forecast 2020-2030, USD Million
-Leasing- Market Size & Forecast 2020-2030, USD Million
-By Level of Autonomy
-Level 1- Market Size & Forecast 2020-2030, USD Million
-Level 2- Market Size & Forecast 2020-2030, USD Million
-Level 3- Market Size & Forecast 2020-2030, USD Million
-Level 4- Market Size & Forecast 2020-2030, USD Million
-Level 5- Market Size & Forecast 2020-2030, USD Million
-By Country
-The US
-Canada
-Mexico
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North America Autonomous Forklifts Market Driver:
Rising Demand for Automation in Warehouses for Material Handling – Automation across diverse manufacturing industries is gaining a lot of momentum in pursuit of improving manufacturing efficiency. Automated machines are advantageous on account of having the ability to run 24/7 without a break and removing human error, these tend to enhance work efficiency while dramatically reducing operational costs. Thus, several organizations are pouring money into these self-driving forklifts. For instance, in 2024, Walmart, adopted 19 automated electric forklifts to optimize its warehouse operations in an automatic format. Many industries are expected to go further with self-driven forklifts in the upcoming times. Thus the demand for autonomous forklifts is rising to increase the efficiency of work at warehouses of different companies.
North America Autonomous Forklifts Market Opportunity:
Labor Shortage in North America to Offer a Lucrative Growth Opportunity – North America has been facing labor shortages in production facilities manufacturing plants. As per the US Chamber of Commerce, about 1.2 million such workers are reported to be missing from the industry. This shortfall has been blamed on the decrease in the migration of working-age workers from other countries and an accelerated retirement of local labor in the region. Thus affecting the productivity of various industries. Thus, this shortage of labor prompts more outflow of money in terms of daily wages to few available workers in that region which will raise the cost of overall operation.
Since, Autonomous forklifts thus have an unexplored window of opportunity to solve part of these problems and increase productive efficiency. Therefore, the workforce crisis would fuel the demand for autonomous forklifts and eventually drive strong growth in this market.
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