Dublin, April 22, 2022 (GLOBE NEWSWIRE) -- The "Autonomous Forklift Market by Tonnage Capacity (<5, 5-10, >10), Navigation Technology (Laser, Vision, Optical Tape, Magnetic, Inductive Guidance), Sales Channel, Application, End-Use Industry, Type, Propulsion and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The autonomous forklift market size is projected to reach USD 6.4 billion by 2027 from an estimated USD 3.1 billion in 2021, at a CAGR of 12.7% from 2021 to 2027.
With the growth of end-use industry and adaptation of automated material handling systems to improve material handling and logistics Asia-pacific is forecasted to lead the autonomous forklift market. Autonomous forklift assists in optimum utilization of space and reducing labor costs. The real estate prices in several developed countries are rising due to the increasing gap between demand and supply. The availability of real estate for warehouses in Europe is almost saturated, and the demand is still rising. Other developed countries in Asia Pacific and North America need to optimize space utilization. This has become imperative considering the ever-growing population and demand for consumer goods. Autonomous forklift is likely to be used to meet this increased warehousing requirement for efficient operations. Growth of E-commerce, Logistics and Warehousing Sector to trigger the adoption for automated material handling equipment such as autonomous forklifts Low cost of capital, fast return on investment (ROI), and a high degree of possibility of customization encourage manufacturing companies to invest more in factory automation and automated warehouse. Factors such as the enforcement of social distancing norms, lockdowns, and other measures have led consumers to opt for online shopping. This has led to the growth of business-to-consumer (B2C) sales and business-to-business (B2B) e-commerce.
However, the growth in the e-commerce industry has resulted in tight deadlines and the need to procure and deliver a huge number of goods without errors. Thus, e-commerce companies have increased the adoption of automation in their facilities. The advantages of autonomous forklifts over conventional forklifts such as reduced production time, fewer human errors, increased safety, high-volume production, and increased accuracy and repeatability have spurred the adoption in e-commerce and other logistics hubs. The warehouse automation allows for increased throughput, better resource utilization, reduced labor, lesser operational costs, decreased handling and storage costs, lesser human error, increased productivity, and efficiency. Hence, the warehouse automation market is growing. The Indoor Type segment of autonomous forklift is expected to hold a dominant share throughout the forecast period as they are fast improving their ability to operate without human interventions The indoor segment is expected to hold a significant market share during the forecast period due to its application in the fast-moving goods industry. Indoor autonomous forklifts are swift and precise in order picking and storage, allowing their increased utilization in the warehousing operations. They have enabled swift response to customization of orders, which was time-consuming with traditional forklifts. An autonomous forklift eliminates the idle time and unnecessary movements through pre-calculation with the help of a warehouse management system. Thus, the user can improve the capacity and efficiency of their warehouse with the same floor space. Europe is anticipated to be the second largest market for autonomous forklifts in 2021 According to the publisher's statistics, Europe is projected to hold the second largest share of the autonomous forklift market by 2027 because of the increased inclination towards the automation technology. Europe has been the most developed market in terms of implementation of automation in warehousing and material handling processes. High labor costs, shortage of space, and stringent worker safety rules are some of the primary factors leading to the high penetration of automation technologies in the European material handling ecosystem. European regulations related to AGVs include EN 1525 and EN 1526, which lay down safety standards for AGVs in the region. These regulations are expected to support the growth of AGVs and related AMH equipment in this region. The growing electrification infrastructures along with large logistics industry in Germany and France support the development of the electric propulsion autonomous forklift segment. Furthermore, global autonomous forklift OEMs are relocating their operations in the region. The technology transfer has led to growth in the number of local players which is expected to reduce the cost of autonomous forklift adaptation in the region. Hence the region is expected to increase its share during the forecast period.
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 3.1 Pre- & Post-COVID-19 Scenarios 3.2 Report Summary
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Demand for Automated Warehouses and Automated Material Handling Equipment 5.2.1.2 Growth in E-Commerce, Logistics, and Warehousing Sectors 5.2.2 Restraints 5.2.2.1 High Integration and Switching Costs Due to Ai and Wms 5.2.3 Opportunities 5.2.3.1 Usage of 5G Connectivity in Future for Warehouse Operations 5.2.3.2 Development of IoT Integrated Autonomous Forklifts 5.2.4 Challenges 5.2.4.1 Technical Challenges Related to Sensing Elements 5.2.4.2 Susceptibility of Autonomous Forklifts and Automated Warehouses to Cyberattacks 5.3 Autonomous Forklift Market Scenario 5.4 Porter's Five Forces Analysis 5.5 Trends/Disruptions Impacting Autonomous Forklift Market 5.6 Autonomous Forklift Market Ecosystem 5.7 Supply Chain Analysis 5.8 Patent Analysis 5.9 Average Selling Price Analysis 5.9.1 Average Regional Price Trend: Autonomous Forklifts, 2021 5.9.2 Average Regional Price Trend: Autonomous Forklifts, by Tonnage Capacity, 2021 5.10 Case Study 5.10.1 Use Case 1: Haval Production Plant 5.10.2 Use Case 2: Panasonic Energy Belgium Nv 5.10.3 Use Case 3: Implementing Dematic's Autonomous Forklift to Reduce Delivery Time at L'Oreal 5.10.4 Use Case 4: Aer Manufacturing 5.11 Key Conferences & Events in 2022-2023 5.12 Regulatory Framework 5.13 Technology Analysis
6 Autonomous Forklift Market, by Tonnage Capacity 6.1 Introduction 6.1.1 Research Methodology 6.1.2 Assumptions 6.1.3 Industry Insights 6.2 Below 5 Tons 6.2.1 Easy Operational Flexibility in Compact Warehouses to Drive Demand 6.3 5-10 Tons 6.3.1 Growing Electric Infrastructure to Drive Demand 6.4 Above 10 Tons 6.4.1 Usage in Heavy-Duty Operations to Drive Demand
7 Autonomous Forklift Market, by Application 7.1 Introduction 7.1.1 Research Methodology 7.1.2 Assumptions 7.1.3 Industry Insights 7.2 Manufacturing 7.2.1 Benefits Like Efficiency of Operations to Drive Demand 7.3 Warehousing 7.3.1 Increasing Product Differentiation and Reduced Pallet Size to Drive Demand 7.4 Material Handling 7.4.1 Increase in Data-Driven Automated Technology to Drive Demand 7.5 Logistics and Freight 7.5.1 Need for Reduction in Delivery Time and Rising Concerns Over Damages and Loss of Goods to Drive Demand 7.6 Other Applications
8 Autonomous Forklift Market, by Navigation Technology 8.1 Introduction 8.1.1 Research Methodology 8.1.2 Assumptions 8.1.3 Industry Insights 8.2 Laser Guidance 8.2.1 Speed, Accuracy, Growing Product Differentiation, and Complexities of Agv Tracks to Drive Demand 8.3 Magnetic Guidance 8.3.1 Ease of Installation and Low Cost of Operation to Drive Demand 8.4 Inductive Guidance 8.4.1 Growing Applications in Outdoor Environments to Drive Demand 8.5 Optical Tape Guidance 8.5.1 Growing Applications in Non-Industrial Settings to Drive Demand 8.6 Vision Guidance 8.6.1 Real-Time Path Optimization and Obstacle Detection to Drive Demand 8.7 Other Navigation Technologies
9 Autonomous Forklift Market, by End Use Industry 9.1 Introduction 9.1.1 Research Methodology 9.1.2 Assumptions 9.1.3 Industry Insights 9.2 Third-Party Logistics (3Pl) 9.2.1 Need for Safe and Speedy Storage to Drive Demand 9.3 Food & Beverages 9.3.1 Need to Reduce Operational Costs to Drive Demand 9.4 Automotive 9.4.1 Need for Efficient Inventory Management to Drive Demand 9.5 Paper & Pulp 9.5.1 Need for Optimization of Bottlenecks to Drive Demand 9.6 Metals & Heavy Machinery 9.6.1 Need for Efficient Operations to Drive Demand 9.7 E-Commerce 9.7.1 Need to Optimize Warehousing Operations to Drive Demand 9.8 Aviation 9.8.1 Increasing Manufacturing and Assembly Operations to Drive Demand 9.9 Semiconductors & Electronics 9.9.1 Need for Cleanroom Warehousing Process to Drive Demand 9.10 Chemical 9.10.1 Need to Ensure Workplace Safety of Employees and Manage Workflow Effectively to Drive Demand 9.11 Healthcare 9.11.1 Need for Automated Warehousing Operations to Drive Demand 9.12 Others
10 Autonomous Forklift Market, by Propulsion 10.1 Introduction 10.1.1 Research Methodology 10.1.2 Assumptions 10.1.3 Industry Insights 10.2 Electric 10.2.1 Focus on Zero-Emission Working Environment to Drive Demand 10.3 Internal Combustion Engine (Ice) 10.3.1 Increase in Heavy-Duty Operations to Drive Demand 10.4 Alternate Fuels 10.4.1 Growing Heavy Industry Operations and Changing Prices of Conventional Fuels to Drive Demand
11 Autonomous Forklift Market, by Sales Channel 11.1 Introduction 11.1.1 Research Methodology 11.1.2 Assumptions 11.1.3 Industry Insights 11.2 In-House Purchase 11.2.1 Long Duration Usage to Drive Demand 11.3 Leasing 11.3.1 Need for Budgeting Stability to Drive Demand
12 Autonomous Forklift Market, by Type 12.1 Introduction 12.1.1 Research Methodology 12.1.2 Assumptions 12.1.3 Industry Insights 12.2 Indoor 12.2.1 Growth of Global E-Commerce Industry to Drive Demand 12.3 Outdoor 12.3.1 Growing Automation in Logistics and Freight Sector to Drive Demand
13 Autonomous Forklift Market, by Region
14 Competitive Landscape 14.1 Overview 14.2 Autonomous Forklift Market Share Analysis, 2020 14.3 Revenue Analysis of Top Listed/Public Players 14.4 Competitive Evaluation Quadrant 14.4.1 Terminology 14.4.2 Star 14.4.3 Emerging Leaders 14.4.4 Pervasive 14.4.5 Participants 14.5 Autonomous Forklift Market: Company Footprint 14.6 Competitive Scenario 14.6.1 Product Launches 14.6.2 Deals 14.6.3 Expansions, 2018-2021 14.7 Key Player Strategies/Right to Win, 2018-2021
15 Company Profiles 15.1 Autonomous Forklift Market - Key Players 15.1.1 Toyota Industries Corporation 15.1.2 Kion Group Ag 15.1.3 Mitsubishi Logisnext Co. Ltd 15.1.4 Jungheinrich Ag 15.1.5 Agilox Services Gmbh 15.1.6 Hyster-Yale Materials Handling 15.1.7 Swisslog Ag 15.1.8 Oceaneering International, Inc 15.1.9 Hyundai Construction Equipment Co. Ltd. 15.1.10 Balyo Sa 15.2 Autonomous Forklift Market - Additional Players 15.2.1 Anhui Heli Co. Ltd 15.2.2 Crown Equipment Corporation 15.2.3 Agve Ab 15.2.4 Movigo Robotics Bv 15.2.5 Otto Motors 15.2.6 Vecna Robotics 15.2.7 Seegrid Corporation 15.2.8 Elettric80 S.P.A 15.2.9 Multiway Robotics (Shenzhen) Company 15.2.10 Scott Automation 15.2.11 Shenzhen Wellwit Robotics Co. Ltd
For more information about this report visit https://www.researchandmarkets.com/r/n1un8h
Shares of Lithium Americas (NYSE: LAC) plunged today and traded as much as 12.5% lower by 1 p.m. ET on Thursday. Lithium prices eased off highs after China reported a 41% sequential jump in lithium carbonate production for the month of March. Tesla (NASDAQ: TSLA) is.
When the pandemic drove widespread restaurant closures and millions of employees lost their careers or took up other work, many found that they didn't want to return, celebrity chef Wolfgang Puck said.
Steel giant Nucor likes being No. 1. So when it dips its toes into a new industry niche, it tends to keep buying.
China has some of the youngest retirement ages in the world, which is becoming a major problem for a country that is steadily aging. The official retirement age for men is 60. Women in managerial positions have a retirement age of 55, while blue-collar female workers can retire at 50.
In recent years, major employers, including Accenture, AT&T, Dell, Google, Hilton Hotels, Ernst & Young, Oracle, IBM and Intel hired more workers, like Williams, without four-year college degrees, according to a new report.
Real estate investment trusts (REITs) are publicly traded companies that allow individual investors to buy shares in real estate portfolios that receive income from a variety of properties. They allow investors to invest easily in the real estate sector, which includes companies that own, develop, and manage residential, commercial, and industrial properties.
If you owned a $1,000 stake in Berkshire Hathaway when Warren Buffett assumed control of the company back in May of 1965, that position would be worth more than $27.5 million today. The investment conglomerate now has a market capitalization of roughly $771 billion and stands as the one of the world's largest companies, and The Oracle of Omaha's ability to identify promising businesses worth holding long term has played a big role in getting there. While Berkshire's massive market cap suggests its most explosive days of growth are likely in the past, an incredible performance and top-tier management and analyst teams suggest it can still pay to look to the company for investing inspiration.
Huge news came out this week when Netflix (NASDAQ: NFLX) management announced on the first-quarter earnings call that the company plans to launch an advertising-supported tier for its subscription streaming service. There were scant details about what the price point would be, how it would work, or the real reasons why Netflix is deciding to embrace ads now. Netflix's announcement also suggests a boost is coming to the connected-TV (CTV) advertising industry.
Sheryl Sandberg allegedly worked with a team of Facebook and Activision employees to block a U.K. newspaper from publishing a negative article about then-boyfriend Bobby Kotick.
(Bloomberg) -- China is heading for the largest oil demand shock since the early days of the pandemic as the nation’s efforts to tame a rapidly spreading virus hobbles vast swathes of the economy.Most Read from BloombergThe Second Wave of the Russian Oil Shock Is StartingKremlin Insiders Alarmed Over Growing Toll of Putin’s War in UkraineUkraine Latest: U.S. Says It Has Slowed Tech Goods to RussiaU.S. Blasts China’s Support for Russia, Vows to Help IndiaPutin Calls Off Storm of Mariupol With Ukr
Oil prices have now risen to $104 a barrel. Since oil prices bottomed out in the middle of 2020, they have nearly doubled, but the number of new rigs counted by drilling service company Baker Hughes has increased just 13%. With the petroleum market facing disruptions from Russia's invasion of Ukraine, along with whipsawing economic conditions and rising inflation, it seems like a missed opportunity for investors.
India's state refiners did not submit bids in tenders issued by Russia's top oil producer Rosneft as the terms were "one-sided", two sources familiar with the matter said on Thursday. Rosneft on Wednesday issued tenders to sell a total of 6.5 million tonnes of Urals, Siberian Light, Sokol and ESPO Blend crude for loading in May-June and had asked for roubles and full prepayments, sources told Reuters. The terms echoed demands from Russian President Vladimir Putin for roubles-only trade in natural gas.
Yahoo Finance’s Pras Subramanian joins the Live show to discuss the rise in price for lithium as demand for electric vehicles increases.
Yahoo Finance Live’s Julie Hyman and Brian Sozzi discuss first quarter earnings for Kimberly-Clark.
Toby Rice, CEO of EQT, says he is encouraged by Biden administration's "change in tone."
The upcoming plant represents a big win for Fort Worth, and the project is expected to create around 150 high-skill jobs and 1,300 indirect jobs
Lithium is an essential material in manufacturing electric cars, but getting enough of the metal to meet surging demand is not so easy.
Yahoo Finance’s Dan Howley joins the Live show to discuss how Netflix's price increases may push consumers to leave streaming services in order to cut costs.
Although there are a lot of ways to make money in the stock market, few investing strategies have delivered the same level of long-term success as buying dividend stocks. The report showed that dividend stocks averaged an annual return of 9.5%, which equates to investors doubling their money every 7.6 years. Meanwhile, the non-dividend stocks scraped their way to an average annual return of just 1.6% over 40 years.
With the stock down by more than 75% over the past six months, this fintech looks like an excellent buy-and-hold investment.