Autonomous forklifts in warehouses and material handling equipment have revolutionized the way these operations are carried out due to growing demand over time. Autonomous forklifts have become an essential component of modern material handling and logistics operations as a result of technological advancements. Therefore, the North America autonomous forklifts market is estimated to increase rapidly shortly. North America autonomous forklifts market
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Data Bridge Market Research analyses that the North America Autonomous Forklifts Market is expected to grow at a CAGR of 7.2% from 2023 to 2030 and is expected to reach USD 1,167.80 million by 2030. Autonomous forklifts can be programmed to operate with extreme precision, ensuring that materials are moved and stored appropriately. This can help reduce errors and improve the accuracy of inventory management.
Key Findings of the Study
RISING CONSTRUCTION ACTIVITIES AND INFRASTRUCTURAL DEVELOPMENT ACROSS NORTH AMERICA
In recent years, construction and infrastructure development have significantly increased in North America. This development is driven by various elements, including populace development, urbanization, and the requirement for present day foundation to help monetary development. The US and Canada, specifically, have been at the front of this pattern, with a developing interest in new development projects in both the general population and confidential areas.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2020 - 2015)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, and Pricing in USD
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Segments Covered
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By Application (Manufacturing, Warehousing, Material Handling, Logistics and Freight, and Others), Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance, Inductive Guidance, Optical Tape Guidance, and Others), Industry (3PL, Food and Beverages, Automotive, Paper and Pulp, Metals and Heavy Machinery, E-Commerce, Aviation, Semiconductors and Electronics, Healthcare, and Others), Sales Channel (In-House Purchase and Leasing)
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Countries Covered
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U.S., Canada, and Mexico
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Market Players Covered
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Oceaneering International, Inc. (U.S.) and Seegrid Corporation (U.S.), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
North America autonomous forklifts market is segmented into four notable segments which are based on the application, navigation technology, industry, and sales channel.
- On the basis of application, the North America autonomous forklifts market is segmented into manufacturing, warehousing, material handling, logistics and freight, and others.
In 2023, sales by leasing are expected to dominate the North America autonomous forklifts market as the market continues to grow and businesses seek more flexible and cost-effective solutions for acquiring autonomous forklifts.
- In 2023, sales by leasing segment are expected to dominate the North America autonomous forklifts market with a 62.3% share and are expected to reach USD 738.88 million by 2030 growing with the highest CAGR of 7.4% in the forecast period of 2023 to 2030.
- In 2023, the 3PL industry segment is expected to dominate the North America autonomous forklifts market with a 24.2% share and is expected to reach USD 312.23 million by 2030 growing with the highest CAGR of 8.7% in the forecast period of 2023 to 2030
In 2023, the laser guidance navigation technology segment is expected to dominate the North America autonomous forklifts market owing to its precision and accuracy. It can accurately detect and avoid obstacles, leading to increased safety and productivity.
- In 2023, the laser guidance segment is expected to dominate the North America autonomous forklifts market with a 37.6% share and is expected to reach USD 453.91 million by 2030 growing with the highest CAGR of 7.7% in the forecast period of 2023 to 2030.
Major Players
Data Bridge Market Research recognizes the following companies as the major key players in the North America autonomous forklifts market:
Oceaneering International, Inc. (U.S.) and Seegrid Corporation (U.S.), among others.
Market Developments
- In April 2023, Oceaneering International, Inc. announces the availability of new supervisory software for its fleet of autonomous mobile robots by its Mobile Robotics division. The software platform can be used for a wide range of things, from assembly lines to intricate logistical flows that span multiple floors in different buildings. Such new advancements help the company to gain global attention.
- In March 2023, Oceaneering International, Inc. announces the addition of a second production campus in Orlando, Florida, by its Mobile Robotics division. The area permits the Portable Mechanical Technology group to extend its abilities to help future development. The such expansion helps the company to increase its footprint in America.
- In March 2023, Oceaneering International, Inc. announced that it has selected BlueBotics, S.A. to provide its line of industrial autonomous mobile robots with navigation technology. Such a new variety of products helps the company to increase its customer base.
- In November 2022, Seegrid Corporation announced that the Gartner "Market Guide for Intralogistics Smart Robotics" research report has designated it as a Representative Vendor. The purpose of the Gartner report is to inform automation decision-makers of the key capabilities and attributes of advanced ISRs, as well as considerations for selection. Such recognition helps the company to gain users attention globally.
- In October 2022, Seegrid Corporation announces a strategic partnership with Koops Automation Systems a main frameworks integrator gaining practical experience in modern mechanization for assembling conditions. Koops can expand their product offering by introducing their clients to the entire line of autonomous mobile robots known as Seegrid Palion and Fleet Central enterprise software solutions because of the collaboration agreement. The such partnership helps the company to develop according to customer requirements.
Regional Analysis
Geographically, the countries covered in the North America autonomous forklifts market report are U.S., Canada, and Mexico.
As per Data Bridge Market Research analysis:
The U.S. is the dominant region in the North America autonomous forklifts market during the forecast period 2023 - 2030
In 2023, the U.S. is expected to dominate the autonomous forklifts market due to several factors. The U.S. has a robust logistics and supply chain industry, which is a primary consumer of autonomous forklifts. The need for automation in the warehouse and logistics sector is increasing due to rising labor costs and the need for efficiency and productivity.
U.S. is estimated to be the fastest growing region in the North America autonomous forklifts market in the forecast period 2023 - 2030
U.S. is expected to grow during the forecast period due to the U.S. is home to several prominent manufacturers of autonomous forklifts who are continually developing advanced technologies and innovative solutions, leading to increased adoption of autonomous forklifts in various industries.
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