Automated Forklift Trucks Market to Exhibit a CAGR of 10.5% from 2025 to 2032; Market Value to Rise Owing to the Growing Adoption of Automation In Manufacturing Facilities and Warehouses

The global automated forklift trucks market size was valued at USD 0.64 billion in 2024. The market is projected to grow from USD 0.75 billion in 2025 to USD 1.52 billion by 2032, exhibiting a CAGR of 10.5% during the forecast period. 

Fortune Business Insights™ presents this information in its report titled “Automated Forklift Trucks Market Size, Share & Industry Analysis, By Type (Pallet Mover, Counterbalance, Outrigger, and Reach Truck), By Navigation Technology (Laser Guided, Magnetic Guided, Vision Guided, and Others), By Application (Transportation & Distribution, Storage & Assembly, and Packaging), By Industry (Automotive, Food & Beverage, E-Commerce, and Others), and Regional Forecast, 2025-2032”

Automated forklift trucks, or autonomous mobile robots (AMRs), are utilized for material handling and are increasingly getting popular in different industries, which can be attributed to their ability to improve safety, efficiency, and productivity. The increasing uptake of industrial automation and Industry 4.0 practices is driving the market growth. 
Moreover, the market witnessed an increase in the requirement for automation and contactless operations for the assurance of continuity and decreased human-to-human contact in material handling equipment. Thus, the COVID-19 pandemic positively influenced the market. 

To get a detailed report summary and research scope of this market, click here: https://www.fortunebusinessinsights.com/automated-forklift-trucks-market-102617 

Agilox Services GmbH Launched AGILOX OPS to Enhance the Solution Portfolio

In January 2024, Agilox Services GmbH, a prominent technology company that has expertise in autonomous mobile robots, announced to launch a new transport robot, AGILOX OPS, in Europe. The product is developed to move heavy loads on custom and standardized load carriers. In addition, it can be used for various applications in warehouse logistics and production. This launch is expected to improve the company’s existing solution portfolio with a flexible and powerful platform robot. 

Surging Uptake of Automation In Warehouses and Manufacturing Facilities to Accelerate the Market Growth

The growing e-commerce industry, coupled with increasing automation in logistics sectors, which result in the surging demand for autonomous products for picking and handling pallets effectively, has led to the demand for the product. The International Trade Administration (ITA) reported that the global B2B e-commerce sector is expected to witness growth with a CAGR of 14.5% from 2019 to 2026. Thus, these factors are expediting the automated forklift trucks market growth. 
Despite an expanding scope for the adoption of the product, the prohibitive installation cost, along with low flexibility, may hamper the market growth.

Leading Companies Emphasize Product Innovations to Strengthen Their Position

A wide array of strategic initiatives, such as joint ventures, capacity expansions, and mergers & acquisitions, are being implemented by the top companies to gain a competitive edge in the automated forklift trucks market. Product innovation strategies are also being undertaken by prominent companies to enhance their position. 

Key Players

• Toyota Industries Corporation (Japan)
• JBT(U.S.)
• Mitsubishi Caterpillar Forklift America Inc. (U.S.)
• Agilox Services GmbH (Austria)
• Seegrid Corporation (U.S.)
• Kollmorgen (U.S.)
• KION GROUP AG (Germany)
• Hyster-Yale Materials Handling, Inc (U.S.)
• E&K Automation GmbH (Germany)
• Mitsubishi Logisnext Co. Ltd (Japan)

Key Industry Development

December 2023: Linde Material Handling, a KION Group AG subsidiary, announced the release of a new counterbalance forklift truck for warehouse automation. The product features vision guided navigation technologies and can be deployed for the transportation of products.

Further Report Findings

•    The Asia Pacific market for automated forklift trucks is poised to grow at a substantial rate during the forecast period. The uptake of automation in industries, including logistics, warehousing, and manufacturing, is boosting the demand for the product. 
•    Based on navigation technology, the market is classified into vision guided, laser guided, magnetic guided, and others. The laser guided segment accounted for the largest automated forklift trucks market share in terms of revenue in 2024. The incorporation of LiDAR (Light detection and ranging) sensors into the technology to provide precise navigation capabilities for automated systems is driving the laser guided segment growth.

Table of Segmentation