Autonomous Forklift Market is predicted to reach USD 9,639.46 million at a CAGR of 11.4 % during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Autonomous Forklift Market”.

Market Highlights

The global Autonomous Forklift market is accounted for to register a CAGR of 11.4% during the forecast period and is estimated to reach USD 9,639.46 million by 2032.

A driverless forklift that operates autonomously is known as an autonomous mobile robot (AMR). Because SLAM can move around an area independently without any support, and it can choose how to avoid obstacles. These are its key characteristics. The industry is expanding due to technological developments and the increasing use of autonomous forklifts in various sectors, including automotive, e-commerce, aviation, metals & heavy machinery, healthcare, electronics, and many more. Another aspect that is anticipated to contribute to the expansion of the global market is the flourishing e-commerce industry worldwide, along with distributors' and suppliers' propensity to use autonomous forklifts to speed up productivity and logistical processes. Autonomous forklifts often function as competent workers, completing crucial tasks with high reliability and no human involvement. In recent years, there has been a growing demand for automation in warehouses and material handling facilities. With the rapid growth of e-commerce and online retail, the need for faster and more efficient order fulfilment has become a top priority for businesses. This has led to an increasing demand for automated warehouses and automated material handling equipment, such as autonomous forklifts.

Autonomous forklifts are self-driving vehicles that are designed to move and transport materials within a warehouse or manufacturing facility without the need for a human operator. They use advanced sensors and algorithms to navigate through the facility and avoid obstacles, while also carrying out tasks such as picking up and transporting goods.

One of the main drivers of the autonomous forklift market is the need for increased efficiency and productivity in warehouses and manufacturing facilities. By using autonomous forklifts, businesses can streamline their operations and reduce the time and cost associated with manual labor. These vehicles can operate around the clock, allowing businesses to increase their output and meet the growing demand for their products.

Segment Analysis

The global Autonomous Forklift market has been segmented based on tonnage capacity, navigation technology, power source, application, and vertical.

Based on tonnage capacity, the market is segmented into Below 2 Tons, 2-4 Tons, and Above 4 Tons. The 2-4 Tons segment was attributed to holding the largest market share in 2022 with a market share of ~43% revenue as estimated by MRFR analysts.

Based on navigation technology, the global Autonomous Forklift market has been segmented into laser guidance, vision guidance, inductive guidance, magnetic guidance, optical tape guidance, and others. The laser guidance segment was expected to hold the largest market share in 2022.

Based on the power source, the market is segmented into Electric and ICE. The fixed segment is projected to have the largest market share during the forecast period.

Further, based on the application, the market is segmented into manufacturing, material handling, warehousing, logistics & freight and others. The manufacturing segment is projected to have the largest market share during the forecast period.

Further, based on the verticals, the market is segmented into Food & Beverages, Automotive, 3PL, Paper & Pulp, Metals & Heavy Machinery, E-Commerce, Aviation, Semiconductor & Electronics, Healthcare, and Others. The e-commerce segment is projected to have the largest market share during the forecast period.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of  Autonomous Forklift Market Research Report

Regional Analysis

The global Autonomous Forklift market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Autonomous Forklift market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Autonomous Forklift market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Autonomous Forklift market comprises of Middle East, Africa, and Latin America.

the region's rapid urbanization and infrastructure development are expected to drive the demand for autonomous forklifts in the construction and building materials industries. Autonomous forklifts can help these industries streamline their material handling processes, improve productivity, and reduce the risk of accidents and injuries on construction sites.

In addition, the adoption of autonomous forklifts in the e-commerce industry is expected to increase in Europe as online retailers seek to improve their supply chain management, reduce the time required for order fulfillment, and enhance the overall customer experience. Autonomous forklifts can help e-commerce companies optimize their material handling and transportation operations, reducing the time required to restock shelves and pick, pack, and ship products to customers.

The use of automation and robotics is becoming increasingly prevalent in manufacturing operations, and autonomous forklifts can help manufacturers streamline their material handling and transportation processes, reduce labor costs, and increase productivity. The retail industry is also a significant market for autonomous forklifts in North America, with companies seeking to improve inventory management, product replenishment, and order fulfillment through automation.

Key Findings of the Study

• The global Autonomous Forklift market is expected to reach USD 9,639.46 million by 2032, at a CAGR of 11.4% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market, as it has region's large manufacturing and logistics industries.


• Based on vertical, the e- commerce segment was attributed to holding the largest market in 2022, with an approximate market share of 32.8%.


• Toyota Industries Corporation, Hyster-Yale Materials Handling, Inc.,JBT Corporation, E&K Automation GmbH, Swisslog Holding AG, Dematic GmbH & Co. KG (Kion Group), Seegrid Corporation, KUKA AG, Clearpath Robotics Inc. Murata Machinery, Ltd., Balyo , GreyOrange , Jungheinrich AG, Teradyne Inc, Kivnon, Hammerhead, Stages Cycling, are the key market players.