North America Autonomous Forklift Market Size Report 2029

North America Autonomous Forklift Market Size, Share & Industry Trends Analysis Report By Type, By Application, By Navigation Technology, By Tonnage Capacity, By Operation Type, By Propulsion Type, By Vertical, By Country and Growth Forecast, 2023 - 2029

Published Date: May-2023 | Number of Pages: 129 | Format: PDF | Report ID: KBV-14997

Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support


Get in-depth analysis of the COVID-19 impact on the North America Autonomous Forklift Market

Market Report Description

The North America Autonomous Forklift Market would witness market growth of 12.5% CAGR during the forecast period (2023-2029).

Autonomously driven forklifts are a more cost-effective option for highly repetitive processes in various industries such as distribution centers and manufacturing. Using unmanned forklifts eliminates the need for human operators, resulting in reduced labor costs. This technology can also be applied in a hybrid setting, further increasing efficiency and cost savings.

The integration of these operations can facilitate continuous round-the-clock coverage across multiple shifts. In addition, autonomous forklift trucks exhibit efficient speed control and routing coordination. This allows material flows to retain optimal levels as well as the use of energy is restricted to a minimum. According to facilities managers, the use of unmanned forklifts results in a significant reduction in damage to shelving, pallets, loads, and other trucks. This is due to the autonomous forklifts' ability to navigate with greater accuracy and safety than manned forklifts.

The modern manufacturing industry relies heavily on cutting-edge technologies and innovative techniques to enhance the quality of products, increase production speed, and reduce costs. Therefore, implementing advanced software and hardware has become imperative for survival in the present competitive landscape, owing to the region's workforce shortage.

The American market for automated solutions is one of the biggest and most developed in the world. The country's desire for automated solutions in the logistics industry is driven by the robust economy, which has increased e-commerce activity, port traffic, and other major manufacturing indicators that have all contributed to a significant increase in manufacturing. The need for automated forklifts and other AGVs like unit loading AGVs, tug AGVs, assembly lines, and special purpose goods, which are widely used in food and beverage manufacturing companies, is significantly increased due to this reason.

The US market dominated the North America Autonomous Forklift Market by Country in 2022; thereby, achieving a market value of $1,847.9 million by 2029. The Canada market is experiencing a CAGR of 15% during (2023 - 2029). Additionally, The Mexico would exhibit a CAGR of 14% during (2023 - 2029).

Based on Type, the market is segmented into Pallet Jacks and Pallet Stackers. Based on Application, the market is segmented into Material Handling, Warehousing, Logistics & Freight, Manufacturing and Others. Based on Navigation Technology, the market is segmented into Vision Guidance, Laser Guidance, Magnetic & Inductive Guidance, Optical Tape Guidance and SLAM & Others. Based on Tonnage Capacity, the market is segmented into Below 5 Tons, 5-10 Tons and Above 10 Tons. Based on Operation Type, the market is segmented into Indoor and Outdoor. Based on Propulsion Type, the market is segmented into Electric and ICE & Others. Based on Vertical, the market is segmented into Food & Beverages, 3PL, Healthcare, Automotive & Aviation, Retail & Ecommerce, Paper & Pulp, Electronics & Semiconductors and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Worldwide Autonomous Forklift Market is Projected to reach USD 9.5 Billion by 2029, at a CAGR of 13%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mitsubishi Logisnext Co., Ltd., Toyota Industries Corporation, Oceaneering International, Inc., Kuka AG (Swisslog Holding AG), Hyster-Yale Materials Handling, Inc., Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.), Jungheinrich AG, Balyo, KION GROUP AG and AGILOX Services GmbH

Scope of the Study

Market Segments Covered in the Report:

By Type

  • Pallet Jacks
  • Pallet Stackers

By Application

  • Material Handling
  • Warehousing
  • Logistics & Freight
  • Manufacturing
  • Others

By Navigation Technology

  • Vision Guidance
  • Laser Guidance
  • Magnetic & Inductive Guidance
  • Optical Tape Guidance
  • SLAM & Others

By Tonnage Capacity

  • Below 5 Tons
  • 5-10 Tons
  • Above 10 Tons

By Operation Type

  • Indoor
  • Outdoor

By Propulsion Type

  • Electric
  • ICE & Others

By Vertical

  • Food & Beverages
  • 3PL
  • Healthcare
  • Automotive & Aviation
  • Retail & Ecommerce
  • Paper & Pulp
  • Electronics & Semiconductors
  • Others

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players

List of Companies Profiled in the Report:

  • Mitsubishi Logisnext Co., Ltd.
  • Toyota Industries Corporation
  • Oceaneering International, Inc.
  • Kuka AG (Swisslog Holding AG)
  • Hyster-Yale Materials Handling, Inc.
  • Hyundai Construction Equipment Co., Ltd. (Hyundai Heavy Industries Co., Ltd.)
  • Jungheinrich AG
  • Balyo
  • AGILOX Services GmbH

Unique Offerings from KBV Research

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

Global Autonomous Forklift Market Report 2023-2029

Europe Autonomous Forklift Market Report 2023-2029

Asia Pacific Autonomous Forklift Market Report 2023-2029

LAMEA Autonomous Forklift Market Report 2023-2029

Purchase Report


Special Pricing & Discounts

  • Buy Sections of This Report
  • Buy Country Level Reports
  • Request for Historical Data
  • Discounts Available for Start-Ups & Universities