Autonomous forklifts also referred as self-driving forklifts which eliminates the human factor in warehouse work. They are capable of independently maneuvering in the barns, carrying heavy loads, and loading-unloading them without any human interference. Autonomous Forklifts usually used in the warehouses and distribution centers it is a powered industrial truck used to lift and move materials over short distances.

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Market Drivers
Growing investment on infrastructure development and rapid industrialization coupled with the expansion of the construction and transportation industry in developing regions are expected to boost the global autonomous forklifts market growth during this forecast period. Furthermore, advancements in technology provide more efficiency to mechanical components like forklifts will positively influence the market growth. Moreover, the rise in e-commerce sector, along with the suppliers and distributors start acquiring the autonomous forklifts in order to improve productivity is expected to drive the growth of the global autonomous forklifts market.

Market Restraints
High initial cost and maintenance cost of autonomous forklifts is expected to hinder the global autonomous forklifts market growth during this forecast period. Also, the availability of autonomous forklifts lower the product ownership may limit the market growth.

Market Key Players
Various key players are discussed in this report such as Godrej Industries Limited, AB Volvo, Jungheinrich AG, Caterpillar, Mitsubishi Heavy Industries, Linde Material Handling, KION Group AG, Toyota Material Handling Group, OTTO Motors, Balyo Robotic, Jungheinrich AG, Hyster, etc.

Market Taxonomy
By Tonnage Type
• Below 5 Tons
• 5-10 Tons
• Above 10 Tons
By Application
• Warehousing
• Manufacturing
• Construction
• Others
By Sales Channel
• In-House
• Leasing
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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