Dublin, March 06, 2026 (GLOBE NEWSWIRE) — The “Autonomous Forklift Market Report 2026” has been added to ResearchAndMarkets.com’s offering.
The autonomous forklift market has witnessed substantial growth recently, with projections indicating an increase from $7.84 billion in 2025 to $8.76 billion in 2026, reflecting a CAGR of 11.7%. This surge is driven by enhanced warehouse automation, escalating labor costs, and a burgeoning need for operational efficiency, alongside expanding e-commerce and logistics operations and rising industrial modernization efforts.
Looking ahead, the market is expected to further expand to $13.79 billion by 2030, maintaining a CAGR of 12%. This optimistic outlook is attributed to a growing demand for autonomous warehouse solutions, emphasis on reducing handling time, increased investment in logistics infrastructure, and the expansion of automated handling technologies. Key trends in this period include a rising deployment of driverless systems and the adoption of smart material handling solutions.
Particularly noteworthy is the increasing integration of autonomous forklifts within the automotive sector, a vital component of the global economy. The automotive industry’s growth, stimulated by consumer demand and environmental concerns, is bolstered by innovations in electric and autonomous vehicles. Autonomous forklifts are employed to optimize operations, reduce labor costs, and enhance safety by minimizing human errors in automated manufacturing settings. For instance, the European Automobile Manufacturers’ Association reported a 3.9% increase in new car registrations in the first seven months of 2024.
Market leaders are focusing on developing AI-enabled autonomous forklifts to boost warehouse automation and ensure better safety. AI-powered forklifts feature technologies such as LiDAR and computer vision, supporting autonomous navigation and precise operations. For example, Cyngn Inc. launched its AI-driven DriveMod-enabled forklift in June 2023, emphasizing safety and efficiency in material handling.
Strategic acquisitions are shaping the industry landscape, such as Oshkosh Corporation’s acquisition of AUSACORP S.L. in September 2024 to expand its access segment with compact all-terrain machines. Significant players in the market include Hangcha Group Co. Ltd., Hyundai Heavy Industries Group, KAUP GmbH & Co., and Toyota Industries Corporation, amongst others.
Regionally, Asia-Pacific dominated the market share in 2025, with North America anticipated to experience the fastest growth. Countries covered in the report include Australia, China, USA, Germany, and others across Europe and Asia-Pacific.
The market encompasses sales of diesel, LPG, and electric-powered forklifts, defined by ‘factory gate’ values. The revenue figures represent enterprise earnings within the market, excluding any resales along the supply chain.
Report Scope
Markets Covered:
- Type: Indoor; Outdoor
- Component: Hardware; Software; Service
- Navigation: Laser, Magnetic, Vision, Inductive, Optical, Other
- Applications: Manufacturing, Warehousing, Material Handling, Logistics
Subsegments:
- Indoor: AGF; Narrow Aisle; Reach; Counterbalance
- Outdoor: Autonomous, Heavy-Duty, All-Terrain, Yard Trucks
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2026 – 2030 |
| Estimated Market Value (USD) in 2026 | $8.76 Billion |
| Forecasted Market Value (USD) by 2030 | $13.79 Billion |
| Compound Annual Growth Rate | 12.0% |
| Regions Covered | Global |
Major Trends
- Growing Deployment of Driverless Warehouse Handling Systems
- Rising Preference for Automated Material Handling Solutions
- Increasing Use of Intelligent Load Handling Technologies
- Expansion of Smart Warehouse Modernization Initiatives
- Strengthening Demand for High Efficiency Logistics Automation
Companies Featured
- 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.
For more information about this report visit https://www.researchandmarkets.com/r/4tqv9c
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- Autonomous Forklift Market
