Press Release

North America Autonomous Forklifts Market to Reach USD1.97 Billion by 2030 Due to Rising Demand for Automation in Warehouses

The North America Autonomous Forklifts Market size was valued at around USD 0.95 billion in 2024 and is projected to reach USD 1.97 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. Factors such as reduced dependency on human labor, increased productivity, reduced operational cost, continuous operation 24*7 without human intervention, and breaks with safer operations facilitate increased demand and the growth of Autonomous forklifts in North America.

Various manufacturing companies employ these in their warehouse operations and consider these as a profitable investment. The growth in the Online shopping market occurring in North America in the last few years is again boosting the demand for forklifts. This is evident from the consistent growth in online retail sales. For instance, as per the US Department of Commerce, sales recorded in Q4, 2024 were around USD308.9 billion, higher by 2.7% than last quarter. This results in a larger e-commerce industry, turning to increase its distribution network and reliance on warehouses and their transport nodes. This shall further elevate the demand for autonomous forklifts as they shall facilitate fulfillment of this increased product demand and distribution efficiently with safer product handling and not much dependence on human supervision.

The government’s continuous support to enhance automation in businesses is aiding market expansion. These attempts will not only help improve productivity but will also help in countering the issue of shortage of workforce available to various industries. The carbonization reduction initiative as adopted by UN member nations, is further being applied to other economies. Autonomous forklifts would help firms meet this regulation. Since such vehicles help them save money, the consumers also find them useful and purchase them. The market is expected to continue growing due to the expansion of e-commerce, Its advantage over manual human labor and government support, further states the research report, “North America Autonomous Forklifts Market Analysis, 2025.”

Segmentation Analysis

Electric is the Most Preferred Fuel Type

Based on the type of fuel used in autonomous forklifts, the market is further bifurcated into Electric and ICE. Here, the electric segment leads the market with a share of around 90%. This is because of the clean environment ensured by such vehicles. Such clean environments ensure a healthy and noise-free environment for workers while aligning with the emission goals. Keeping surroundings carbon-free makes them the best option for businesses needing clean environments like food beverages, and pharmaceuticals among others for ideal product quality.

Additionally, the running cost of electric forklifts is much less than that of their ICE versions. Hence, the many advantages of electric forklifts, have remained popular and are predicted to remain the leading category in the forecast period too.

The US Drives the Autonomous Forklift Industry in the North American Region

Regionally, the US dominated the market with a share of around 62%. This dominance is mainly due to the presence of a large number of product manufacturing companies here that require automation in their warehouses to increase productivity and reduce operational costs. This also helps the companies tackle labor shortage issues. Furthermore, the online retail sector in this country has experienced notable growth in past years, due to which there has been an increased need for handling and transporting goods to ensure timely delivery while maintaining product quality. Therefore, the presence of numerous manufacturing industries in the US and the rapidly expanding e-commerce are the main reasons behind this country’s dominance.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Toyota Material Handling, Linde Material Handling, Seegrid, Swisslog, JBT Corporation, Kion Group, Murata Machinery Ltd., Hyster, Oceaneering, Mitsubishi Logisnext Ltd., Jungheinrich, Agilox, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across the regions?
6. How have buying behavior, customer inclination, and expectations from products been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?