Financial Services

Autonomous Forklift Market Forecast: What to Expect by 2029

November 13, 2025 by The Business Research Company

Unlock Global Insights – Save 20% on Market Reports with Code ONLINE20

What Are The Forecasted Market Size Estimates For The Autonomous Forklift Market Between 2025 And 2029?

The autonomous forklift market size has seen strong expansion in recent years. Its valuation is anticipated to increase from $7.2 billion in 2024 to $7.84 billion in 2025, achieving a compound annual growth rate (CAGR) of 8.9%. This historical growth can be linked to the necessity for warehouse automation, scarcity of labor in material handling, increasing requirements for efficient logistics, cost reductions through industrial automation, and the expansion of consumerism via online channels.

The autonomous forklift market is projected to experience substantial expansion in the coming years. This market is forecast to reach $12.28 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 11.9%. The anticipated growth during this period is primarily driven by factors such as the burgeoning e-commerce sector and expansion of fulfillment centers, an increasing focus on safety within material handling processes, a transition towards interoperability in autonomous forklift technologies, the escalating challenges associated with product handling, and the increasing demand for intelligent logistics solutions. Key trends anticipated over the same period encompass the incorporation of artificial intelligence into autonomous forklifts, the emergence of collaborative and swarm robotics within forklift fleets, the uptake of 5G technology to improve connectivity and communication, the deployment of LiDAR and computer vision for accurate navigation, and the customization and versatility of autonomous forklifts to suit diverse industrial applications.

Unlock Your Free Sample Report for Exclusive Market Data:

https://www.thebusinessresearchcompany.com/sample.aspx?id=7000&type=smp

Which Drivers Are Impacting The Autonomous Forklift Market?

The increasing adoption of autonomous forklifts within the automotive industry is anticipated to boost the expansion of the autonomous forklift market in the future. The automotive industry involves the creation, production, distribution, and sale of motor vehicles such as cars, trucks, and motorcycles, along with their parts, significantly contributing to the global economy and technological progress. This sector is experiencing growth, fueled by heightened consumer interest in cutting-edge technologies, eco-friendly transport options, and the proliferation of electric and self-driving vehicles, prompted by ecological considerations and breakthroughs in transportation. Within the automotive industry, autonomous forkllifts are essential for boosting operational efficiency, cutting down on labor expenses, elevating safety standards by reducing human errors, and optimizing logistics and material flow in production settings that are becoming more automated. For example, data from August 2024, released by the Belgium-based European Automobile Manufacturers’ Association, indicated a 3.9% increase in new car registrations over the first seven months of 2024, surpassing 6.5 million units. Major markets within the European bloc, including Spain (+5.6%), Italy (+5.2%), Germany (+4.3%), and France (+2.2%), all recorded positive, albeit moderate, growth. Consequently, the increased deployment of autonomous forklifts throughout the automotive industry is propelling the expansion of the autonomous forklift market.

How Is The Autonomous Forklift Market Classified Into Different Segments?

The autonomous forkliftmarket covered in this report is segmented –

1) By Type: Indoor, Outdoor

2) By Component: Hardware, Software, Service

3) By Navigation Technology: Laser Guidance, Magnetic Guidance, Vision Guidance, Inductive Guidance, Optical Tape Guidance, Other Navigation Technology

4) By Application: Manufacturing, Warehousing, Material handling, Logistics and Freight, Other Applications

Subsegments:

1) By Indoor: Automated Guided Forklifts (AGF), Narrow Aisle Forklifts, Reach Trucks, Counterbalance Forklifts

2) By Outdoor: Outdoor Autonomous Forklifts, Heavy-Duty Forklifts, All-Terrain Forklifts, Yard Trucks

Which Ongoing Trends Are Expected To Shape The Autonomous Forklift Market Outlook?

A significant trend gaining traction in the autonomous forklift market is new product innovation. Major companies operating within the autonomous forklift market are prioritizing the development of technologically advanced products to bolster their market presence. For example, in March 2022, OTTO Motors, a US-based self-driving technology company, unveiled the OTTO Lifter, which they described as the smartest autonomous forklift on the market. This new technology is specifically designed for the automatic picking up and dropping off of pallets. In complex situations, the OTTO Lifter can make real-time decisions, detect a tilted pallet, adjust its behavior in highly dynamic surroundings, and independently determine the optimal route, setting it apart from other autonomous forklifts on the market. The OTTO Lifter expertly navigates traffic and obstacles through dynamic path planning, lane tending, intelligent pallet detection, and stretch-wrap piercing, ensuring products are delivered precisely when and where needed.

Who Are The Core Companies Influencing The Autonomous Forklift Market Landscape?

Major companies operating in the autonomous forklift market include Hangcha Group Co. Ltd., Hyundai Heavy Industries Group, KAUP GmbH & Co., Kion Group AG, Lonking Machinery Co. Ltd., Toyota Industries Corporation, Linde Material Handling GmbH, Crown Equipment Corporation, Doosan Corporation, Konecranes Oyj, Seegrid Corporation, Balyo Robotic SA, Agilox Services GMBH, Clearpath Robotics Inc., Mitsubishi Logisnext Co. Ltd., Manitou BF S. A, Jungheinrich AG, Anhui Heli Co. Ltd., Anhui Yufeng Equipment Co. Ltd., Komatsu Ltd., EP Equipment Co. Ltd., Godrej & Boyce Manufacturing Co. Ltd., Clark Material Handling Company, Combilift Ltd., Hyster-Yale Material Handling Inc., Still GmbH, AutoGuide Mobile Robots, BYD Company Ltd., Hubtex Australia Pty Ltd.

Download The Full Report For Exclusive Market Findings:

https://www.thebusinessresearchcompany.com/report/autonomous-forklift-global-market-report

What Are The Key Regional Factors Influencing The Autonomous Forklift Market Growth?

Asia-Pacific was the largest region in the autonomous forklift market share in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the autonomous forklift market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Request A Customized Version Of The Autonomous Forklift Market Report:

https://www.thebusinessresearchcompany.com/customise?id=7000&type=smp

Browse Through More Reports Similar to the Global Autonomous Forklift Market 2025, By The Business Research Company

Warehouse Robotics Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/warehouse-robotics-global-market-report

Electric Truck Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/electric-truck-global-market-report

Refrigerated Goods Trucking Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/refrigerated-goods-trucking-global-market-report

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 310-496-7795