Autonomous Trucks
Autonomous Forklift SizeOREGAON, PORTLAND, UNITED STATES, August 31, 2023 / EINPresswire.com / -- According to the report published by Allied Market Research, the global autonomous forklift market size garnered $3.5 billion in 2021, and is estimated to generate $10.5 billion by 2031, manifesting a CAGR of 11.9% from 2022 to 2031. In addition, radical growth in the e-commerce segment of the retail sector in U.S. has increased the demand for autonomous forklift in warehouses. Moreover, growth in collaborations and mergers between market players in the country to enhance technologies is expected to fuel growth of the autonomous forklift market. In addition, growth in adoption of Industry 4.0 technologies is another factor, which propels growth of the autonomous forklift market in Europe. Moreover, the region is involved in high industrial activity, especially in the automotive sector, which increases demand for autonomous forklift in the region.