#Autonomous Forklifts Market

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Europe Autonomous Forklift Market Scope, Trends, Forecast 2022-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Europe autonomous forklift market size at USD 1.28 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Europe autonomous forklift market size to grow at a significant CAGR of 9.36% reaching a value of USD 2.2 billion by 2029. The Europe autonomous forklift market is driven by several key factors. The need for efficient and cost-effective material handling solutions in industries, such as manufacturing, logistics, and e-commerce, has spurred the adoption of autonomous forklifts. Also, the increasing emphasis on workplace safety and reducing accidents has led to the integration of advanced automation and safety features in these forklifts. Further, the ongoing technological advancements, such as the development of advanced sensors and AI-driven navigation systems, contribute to market growth. On top of that, the drive for improved operational productivity and the labor shortage in the region further accelerate the demand for autonomous forklifts in Europe.

Autonomous Forklift – Overview

An autonomous forklift is a specialized industrial vehicle equipped with advanced sensors, cameras, and artificial intelligence technology to operate without human intervention. It can navigate warehouses, factories, or distribution centers, safely and efficiently moving and transporting goods. These forklifts use algorithms and real-time data to make decisions about lifting, positioning, and transporting loads, optimizing productivity and reducing the risk of accidents. Autonomous forklifts offer benefits such as increased operational efficiency, cost savings, and reduced labor requirements, making them a valuable tool in modern logistics and supply chain management.

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Impact of COVID-19 on Europe Autonomous Forklift Market

COVID-19 pandemic significantly impacted the Europe autonomous forklift market. Lockdowns, supply chain disruptions, and reduced industrial activity slowed market growth. However, the pandemic also highlighted the need for automation in warehouses to ensure operational continuity and reduce human contact. Therefore, there was a growing interest in autonomous forklifts post-pandemic, with increased adoption in e-commerce, logistics, and manufacturing sectors. The market is expected to rebound and witness substantial growth as businesses seek more efficient and safer material handling solutions to adapt to the challenges posed by the ongoing pandemic and future disruptions.

Europe Autonomous Forklift Market – By Navigation Technology

By navigation technology, the Europe autonomous forklift market is divided into Vision Guidance, Laser Guidance, Magnetic & Inductive Guidance, Optical Tape Guidance, and SLAM & other segments. Vision Guidance is the largest segment in the European autonomous forklift market. The vision guidance stands out as the most significant segment, indicating a strong trend toward the adoption of visual-based navigation and guidance systems in the European autonomous forklift industry. Vision-based technology offers precision and adaptability, making it a preferred choice for businesses looking to enhance the efficiency and safety of their material handling operations in Europe.  

Competitive Landscape

Europe autonomous forklift market is fiercely competitive. Major companies in the market include Mitsubishi Logisnext Co., Ltd, Toyota Industries Corporation, Oceaneering International, Inc., Kuka AG (Swisslog Holding AG), Hyster-Yale Materials Handling, Inc., Hyundai Construction Equipment Co., Ltd, Jungheinrich AG, Balyo, KION GROUP AG, and AGILOX Services GmbH. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Europe Autonomous Forklift Market.

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The Material Handling Equipment Market is projected to grow from USD 238,373.22 million in 2023 to USD 385,948.71 million by 2032, reflecting a compound annual growth rate (CAGR) of 5.50%.Material handling equipment (MHE) plays a crucial role in industries like manufacturing, logistics, construction, and warehousing by streamlining operations and ensuring the smooth movement, storage, and control of goods and materials. Over the past decade, the global material handling equipment market has witnessed significant growth driven by technological advancements, industrial automation, and the expanding e-commerce sector. The market continues to evolve as manufacturers innovate to meet increasing demand for efficiency, safety, and sustainability.

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Key Drivers of Market Growth

1. Rise of Automation and Industry 4.0 The ongoing shift towards automation in manufacturing and supply chains is one of the primary drivers of the material handling equipment market. Industry 4.0 has brought about the adoption of smart factories, where automated material handling systems, such as autonomous guided vehicles (AGVs), robots, and drones, are integrated with the Internet of Things (IoT), artificial intelligence (AI), and big data analytics. These advanced systems enhance productivity, reduce human error, and lower operational costs. Automation also reduces labor dependence, especially in regions where workforce shortages are prevalent.

2. E-commerce Boom The explosive growth of e-commerce, particularly accelerated by the COVID-19 pandemic, has heightened the demand for efficient logistics and warehousing solutions. Fulfillment centers rely on material handling equipment, such as conveyors, forklifts, and pallet jacks, to move products quickly and accurately from storage to packaging and shipping. Companies like Amazon, Walmart, and Alibaba have invested heavily in automation and material handling systems to meet rising consumer expectations for fast delivery times. This surge in demand from the e-commerce sector is expected to continue as online shopping becomes more prevalent worldwide.

3. Expansion of Warehousing and Logistics With the rise in global trade and supply chain complexity, there has been a corresponding increase in the need for large-scale warehousing and distribution centers. The logistics sector requires sophisticated material handling solutions to efficiently manage the growing volume of goods. Advanced systems, such as automated storage and retrieval systems (AS/RS), optimize space utilization, reduce energy consumption, and minimize handling time, which are critical factors in today’s fast-paced logistics environments. These innovations help companies maintain competitive advantages by ensuring seamless operations and reducing bottlenecks in the supply chain.

4. Sustainability and Green Practices Environmental sustainability is becoming a major focus in the material handling industry. Equipment manufacturers are investing in energy-efficient solutions, such as electric-powered forklifts and cranes, that reduce greenhouse gas emissions and rely less on fossil fuels. Additionally, businesses are adopting lean manufacturing practices to minimize waste and improve overall resource management. The emphasis on sustainable practices is not only driven by environmental concerns but also by government regulations and consumer expectations for greener operations.

Challenges and Opportunities

The market does face several challenges, including high initial capital investment for automated systems, the need for skilled operators, and concerns about cybersecurity in automated environments. However, these are balanced by opportunities in developing regions, where industrialization and modernization of supply chains present significant growth potential.

Moreover, as technology continues to advance, the integration of AI, machine learning, and IoT in MHE systems will further drive the evolution of the market. Predictive maintenance, real-time data analytics, and AI-based decision-making tools will enhance equipment performance, reduce downtime, and optimize the flow of materials in industries across the board.

Key Player Analysis

BEUMER GROUP

Daifuku Co., Ltd.

Honeywell International, Inc.

KION GROUP AG

Mecalux, S.A.

Murata Manufacturing Co., Ltd.

SSI SCHAEFER

Swisslog Holding AG

TOYOTA INDUSTRIES CORPORATION

Vanderlande Industries B.V.

Dematic

Jungheinrich AG

Hyster-Yale Materials Handling, Inc.

Caterpillar Inc.

Siemens AG

Mitsubishi Logisnext

Segments:

Based on Type:

Conveyors

Forklifts

Cranes

Automated Guided Vehicles (AGVs)

Storage Systems

Based on Application:

Automotive

Food & Beverages

Chemical

Semiconductor & Electronics

E-commerce

Aviation

Pharmaceutical

Others

Based on the Geography:

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

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Autonomous Forklift Market 2024-2033 : Demand, Trend, Segmentation, Forecast, Overview And Top Companies 

The autonomous forklift global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Autonomous Forklift Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The autonomous forklift market size has grown rapidly in recent years. It will grow from $6.53 billion in 2023 to $7.25 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to need for warehouse automation, labor shortages in material handling, increasing demand for efficient logistics, cost savings through automation in industrial settings, growing consumerism through online platforms.

The autonomous forklift market size is expected to see rapid growth in the next few years. It will grow to $11.32 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to expansion of e-commerce and fulfillment centers, growing emphasis on safety in material handling operations, shift towards interoperability in autonomous forklift systems, rising complexities for product handling, rising need for smart logistics. Major trends in the forecast period include integration of artificial intelligence in autonomous forklifts, development of collaborative and swarm robotics in forklift fleets, adoption of 5g technology for enhanced connectivity and communication, implementation of lidar and computer vision for precise navigation, customization and adaptability of autonomous forklifts for various industries.

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The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers - The increasing demand for automated warehouses is expected to drive the growth of the autonomous forklift market going forward. Automated warehouses refer to the systems used for warehouse operations with automated material handling equipment integrated with artificial intelligence and robotics. Manufacturers are adopting autonomous forklifts for their operations as they offer a significant improvement in productivity, reduce product damage, improve safety and efficiency, and reduce labor costs. These benefits have encouraged industries to embrace the use of autonomous forklifts, thereby increasing their demand. For instance, in December 2021, according to Conveyco, a UK-based material handling equipment supplier, at least 6,20,000 shipments of various warehouse automation technologies were shipped worldwide. Therefore, the increasing demand for automated warehouses is driving the demand for autonomous forklifts.

Market Trends - Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

The autonomous forklift market 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

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Regional Insights - Asia-Pacific was the largest region in the autonomous forklift market share in 2023. 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

Key Companies - Major companies operating in the autonomous forklift market report are 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, Clark Construction Group LLC, 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.

Table of Contents 1. Executive Summary 2. Autonomous Forklift Market Report Structure 3. Autonomous Forklift Market Trends And Strategies 4. Autonomous Forklift Market – Macro Economic Scenario 5. Autonomous Forklift Market Size And Growth ….. 27. Autonomous Forklift Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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Forklifts Truck Market Industry Analysis, Global Report by 2032 | Reports and Insights

The Reports and Insights, a leading market research company, has recently releases report titled “Forklifts Truck Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Forklifts Truck Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Forklifts Truck Market?

The global forklifts truck market size reached US$ 56.0 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 100.3 billion in 2032, exhibiting a growth rate (CAGR) of 6.7% during 2024-2032.

What are Forklifts Truck?                                                                                                                                                                            

A forklift truck is an industrial vehicle used to lift, move, and transport heavy loads over short distances. It features two forks at the front that can be raised or lowered to slide under pallets or containers, enabling easy material handling and stacking. Widely used in warehouses, construction sites, and manufacturing facilities, forklifts come in various types, including electric, gas, and diesel-powered models. They are crucial for enhancing material handling efficiency, reducing manual labor, and boosting productivity in industrial operations.

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What are the growth prospects and trends in the Forklifts Truck industry?

The forklift truck market growth is driven by various factors and trends. The forklift truck market is expanding rapidly, fueled by the increasing need for efficient material handling in sectors like logistics, manufacturing, and construction. Growth is driven by the rise of e-commerce and the demand for advanced warehousing and distribution systems. Technological advancements, including electric and autonomous forklifts, are also boosting market growth by providing greater efficiency, reduced emissions, and enhanced safety. Moreover, the push for supply chain optimization and greater automation in industrial processes is accelerating the adoption of forklift trucks across diverse industries. Hence, all these factors contribute to forklift truck market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Product Type:

Electric Forklifts

Internal Combustion Forklifts

Warehouse Forklifts

Counterbalance Forklifts

Reach Trucks

Order Pickers

Pallet Jacks

Others

By Fuel Type:

Diesel

Electric

LPG/CNG

Others

End-Use Industry:

Manufacturing

Construction

Warehousing and Logistics

Retail

Wholesale

Food and Beverage

Automotive

Others

Market Segmentation by Region:

North America

United States

Canada

Europe

Germany

United Kingdom

France

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

Saudi Arabia

South Africa

United Arab Emirates

Israel

Who are the key players operating in the industry?

The report covers the major market players including:

Toyota Industries Corporation

KION Group AG

Hyster-Yale Materials Handling, Inc.

Crown Equipment Corporation

Mitsubishi Logisnext Co., Ltd.

Jungheinrich AG

Anhui Heli Co., Ltd.

Hangcha Group Co., Ltd.

Doosan Industrial Vehicle Co., Ltd.

Komatsu Ltd.

Clark Material Handling Company

Linde Material Handling GmbH

JCB Ltd.

Manitou Group

Nissan Forklift Corporation

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Wholesale Scrubber Trucks: Revolutionizing the Cleaning Industry

Wholesale Scrubber Trucks: Revolutionizing the Cleaning Industry The cleaning industry has seen significant advancements over the years, with technology playing a pivotal role in enhancing efficiency and effectiveness. One of the most notable innovations in recent times is the introduction of wholesale scrubber trucks. These vehicles are not just a game-changer for large-scale cleaning operations but also a testament to how technology can revolutionize traditional industries.

The Evolution of Cleaning Technology Traditionally, cleaning large areas such as warehouses, factories, and public spaces required a considerable amount of manual labor. This process was not only time-consuming but also often resulted in inconsistent cleaning standards. With the advent of scrubber trucks, the industry has witnessed a paradigm shift. These trucks are equipped with advanced cleaning mechanisms that ensure thorough and uniform cleaning, significantly reducing the need for manual intervention. forklifts Aerial Platforms | China Trade price on Manufacturer Wholesale Materials Handling Platforms Aerial Platforms sale Buy Online Industrial Equipment USA/UK/India/Australia/CANADA | ForkLift Key Features of Scrubber Trucks Efficiency and Speed: One of the primary advantages of scrubber trucks is their ability to clean large areas quickly. These trucks are designed to cover vast spaces in a fraction of the time it would take manual laborers. This efficiency translates to cost savings for businesses, as they can achieve more in less time. Advanced Cleaning Mechanisms: Scrubber trucks come equipped with state-of-the-art cleaning technologies. These include high-pressure water jets, powerful vacuum systems, and rotating brushes that can tackle even the most stubborn dirt and grime. The result is a spotless and hygienic environment, which is crucial for industries such as food processing and healthcare. Eco-Friendly Solutions: In today’s world, sustainability is a key concern for many businesses. Scrubber trucks are designed with eco-friendliness in mind. They use less water compared to traditional cleaning methods and are equipped with filtration systems that ensure minimal environmental impact. Additionally, many models run on electric power, further reducing their carbon footprint. User-Friendly Operation: Despite their advanced features, scrubber trucks are designed to be user-friendly. Operators can easily control the vehicle using intuitive interfaces, and many models come with automated features that further simplify the cleaning process. This ease of use means that businesses do not need to invest heavily in training their staff. The Impact on the Cleaning Industry The introduction of wholesale scrubber trucks has had a profound impact on the cleaning industry. For one, it has leveled the playing field for smaller cleaning businesses. By investing in these trucks, smaller companies can offer the same level of service as their larger counterparts, allowing them to compete more effectively in the market.

Moreover, the efficiency and effectiveness of scrubber trucks mean that businesses can maintain higher standards of cleanliness. This is particularly important in industries where hygiene is paramount, such as healthcare and food processing. By ensuring a consistently clean environment, businesses can reduce the risk of contamination and improve overall safety.

Future Prospects The future looks promising for the cleaning industry, thanks to innovations like scrubber trucks. As technology continues to evolve, we can expect even more advanced features to be integrated into these vehicles. For instance, the incorporation of artificial intelligence could lead to fully autonomous scrubber trucks that can navigate and clean spaces without any human intervention.

[priteshwemarketresearch]

Construction Equipment Market Share, Size, Analysis, Growth, Industry Statistics and Forecast  2034

Construction Equipment Market Introduction :

The term Construction Equipment describes large machines used for specialized building or demolition tasks. Earthmoving, lifting containers or commodities, drilling holes in the ground or rock, and concrete and paving applications are the main uses for this transportable, semi-permanent, or permanent equipment. Buildings for residential, commercial, and industrial use are among the other uses for it. Even if North America and Europe have significant need for construction equipment, Asia continues to be the primary market. Growing infrastructure development efforts worldwide are therefore expected to fuel demand for earthmoving and material handling equipment, which in turn will propel the expansion of the global construction equipment market.

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Construction Equipment Market Growth Dynamics

DRIVER: Growth in infrastructure development globally and rising demand for compact construction equipment

Technological developments, population growth, urbanization, the need to update current infrastructure, and a greater emphasis on creating environmentally friendly projects are the primary drivers of the industry's expansion. Also, as a result of more construction projects and planned new investments in the construction industry, the market for construction equipment has continuously expanded along with the sales of new equipment.

As per the UK Construction Leadership Council, the National Infrastructure Pipeline is set to receive about USD 645.7 billion in projected investments, encompassing 700 projects. The demand for construction equipment would be driven during the projection period by these anticipated investments and expanding construction activity for infrastructure development.

Important market segments for construction equipment include:

Earthmoving Equipment: For excavation and site preparation, backhoe loaders, bulldozers, and scrapers are needed.

Material handling equipment: On building sites, the moving of goods is made easier by cranes, forklifts, and loaders.

Equipment for Road Construction: To build roads and highways, one needs to employ graders, rollers, and pavers.

Construction equipment: Generators, pumps, and concrete mixers offer crucial assistance for building projects.

Upcoming Trends

Automation and robots: It is anticipated that the use of robotic and autonomous construction equipment will lower labor costs and boost productivity.

Hybrid and Electric Equipment: Concerns about the environment and improvements in battery technology are driving the transition to hybrid and electric power sources.

Equipped with Internet of Things capabilities, telematics and predictive maintenance are made possible by connected equipment.

RESTRAINT: Regulations and International trade policies

Each country has different laws and regulations governing the manufacture, import, and export of construction equipment. Different import tariffs are imposed by different countries to stop unfair trade practices and support native producers. Countries typically enter into bilateral trade agreements with other countries in order to reduce trade barriers and tariffs that impede the development of a single market or free trade area. This can lead to more global competition, even though it is beneficial. Foreign policy has a greater effect on trade. Trade agreements may be terminated or, in the worst case, restrictions may be implemented, so altogether prohibiting commerce, if disputes arise with other countries. As a result, impediments to the expansion and sale of the building sector are imposed by the consequences of global trade rules and regulations.

 Key Attentions of Construction Equipment Market Report:

The report offers a comprehensive and broad perspective on the global Construction Equipment Market

The market statistics represented in different Construction Equipment Market segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Construction Equipment Market are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Construction Equipment.

Major stakeholders, key companies Construction Equipment investment feasibility and new market entrants study is offered.

Development scope of Construction Equipment Market in each market segment is covered in this report. The macro and micro-economic factors affecting the market

Advancement is elaborated in this report. The upstream and downstream components of Construction Equipment a comprehensive value chain are explained.

Construction Equipment Industry: Regional Analysis

Asia Pacific Market Forecast

With a market share of more than 46%, Asia Pacific leads the construction equipment industry and generates the most income. It is anticipated that over the projected period, the Asia Pacific region will exhibit the highest growth rate and greatest market share. This is the result of the rapid economic growth and urbanization of nations like China, India, and Southeast Asia. The significant infrastructure development expenditures made by these nations are increasing demand for construction equipment.

North America Market Statistics

North America Construction Equipment market is second largest market during the forecasted period. The market is expected to grow steadily due to the aging infrastructure in the region and the increasing focus on repair and replacement projects.

Frequently Asked Questions

What is the market size of Construction Equipment Market in 2024?

What is the growth rate for the Construction Equipment Market?

Which are the top companies operating within the market?

Which region dominates the Construction Equipment Market?

Conclusion:

The Construction Equipment Market is a dynamic and essential sector that plays a vital role in shaping the built environment. As technology continues to advance and infrastructure needs grow, the market is poised for further growth and innovation. By addressing the challenges and capitalizing on the opportunities, construction equipment manufacturers can position themselves for long-term success.

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Autonomous Mobile Robots Market Size to Exceed USD 6.9 billion by 2031

The global autonomous mobile robots market was estimated at a value of US$ 2.3 billion in 2021. It is anticipated to register an 11.7% CAGR from 2022 to 2031 and by 2031 the market is likely to attain US$ 6.9 billion by 2031.

Distribution as well as fulfilment operations are under a great deal of strain due to the e-commerce sector's rapid expansion. The majority of merchants are actively looking for ways to combat the ever-increasing complexity of fulfilment. In order to handle issues like labor management, order processing and tracking, and warehousing and distribution expenses, they are also searching for new technologies.

Those with an interest in material handling and warehouse activities are spending a lot of money revamping their operating plans. This is expected to drive the market expansion of autonomous mobile robots in the near future.

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Key Findings of Market Report

During two- to three-week-long cycles of high demand throughout the year, fulfilment volumes can increase by up to three times their typical rates.

This thus presents distribution hubs with significant personnel issues.

E-commerce companies more and more to get around these obstacles are using AMRs.

AMRs increase the return on capital investments, optimize operating expenses, and streamline procedures.

These advantages raise the need for AMRs in the e-commerce industry, which influences market data.

Market Trends for Autonomous Mobile Robots

Numerous end-user corporations are making large investments in AMR startups. ABB purchased the autonomous mobile robot firm ASTI Mobile Robotics Group in 2021.

Through the purchase, ABB became the only firm to offer a full portfolio for the upcoming generation of flexible automation, further expanding its robotics and automation offering. producer of forklifts Jungheinrich AG invested US$ 24.5 million in German AMR producer Magazino GmbH in September 2020.

The automation of internal transportation tasks including picking, sorting, and storage was limited to traditional automated guided vehicles (AGVs). AGVs are permanent installations used in situations requiring regular, repeated material delivery. These vehicles offer a delayed return on investment, but they also have a high initial cost.

Global Market for Autonomous Mobile Robots: Regional Outlook

Various reasons are propelling the growth of the autonomous mobile robots market throughout the region. These are:

Over the course of the projected period, North America is anticipated to hold a dominant position. The growth of automation in non-durable products and retail industries is propelling the regional market revenue. The need for AMRs in North America is also being driven up by the increased use of Industry 4.0 & 5.0, as well as the increased penetration of IoT and 5G.

The growth of the FMCG and automotive industries is driving the industry in Europe and Asia Pacific. The market value in these regions is also being driven by an increase in the consumption of clothing, footwear, and packaged food goods. Throughout the projected period, a medium rate of growth is expected for the industries in South America and the Middle East and Africa.

Global Autonomous Mobile Robots Market: Key Players

Manufacturers within the global autonomous mobile robots market are constantly evolving to improve navigation, sensing, and control systems. To increase productivity and safety, they are combining machine learning, artificial intelligence, and sophisticated sensors.

Manufacturers frequently work in tandem with technology suppliers to address a range of industrial as well as logistical automation requirements, which propels market growth. The following companies are well-known participants in the global autonomous mobile robots market:

Addverb Technologies Limited

AMS, Inc.

ANYbotics AG

Berkshire Grey

Continental AG

ECA Group

Fetch Robotics, Inc.

Gridbots Technologies Private Limited

Hikrobot Technology Co., Ltd.

Intel Corporation

Kollmorgen

Körber AG

Global Autonomous Mobile Robots Market Segmentation 

Offering

Hardware

Software

Services

Type

Conveyor

Lifting

Automatic Trolley

Multifunctional

Others

Load Capacity

Up to 500 Kg

500 Kg - 1000 Kg

1000 Kg - 2000 Kg

Above 2000 Kg

Application

Cardboard Boxes

Trays

Kegs

Buckets

Bags

Crates

Foil Bundles

Others

End Use Industry

Food & Beverage

Beauty & Personal Care

Pharmaceutical

Chemical

Automotive

Others

Region

North America

Europe

Asia Pacific

Middle East & Africa

Latin America

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Autonomous Mobile Robots Market to Witness Significant Growth, Driven by Diverse Payload Capacities

The global Autonomous Mobile Robots (AMR) market is expected to experience robust growth over the coming years, fueled by the increasing adoption of automation and the diverse payload capacities offered by these robots. According to recent market analysis, the AMR market is segmented by payload capacity into three key categories: <100 kg, 100-500 kg, and >500 kg. Each segment caters to specific industry needs, driving the market’s expansion and offering tailored solutions for a wide range of applications.

The global autonomous mobile robots market size is estimated to be valued USD 1.8 billion in 2023 and is anticipated to reach USD 4.1 billion by 2028, at a CAGR of 17.5% during the forecast period.

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Market Overview

The Autonomous Mobile Robots market, segmented by payload capacity, is set to cater to varying industrial demands, from lightweight transportation to heavy-duty material handling. As businesses across industries continue to seek efficient automation solutions, the market for AMRs with varying payload capacities is poised for significant growth.

1. <100 kg Payload Capacity: Precision in Lightweight Applications

The segment for AMRs with a payload capacity of less than 100 kg is particularly important for industries that require the precise handling and transportation of small and lightweight items. These robots are commonly used in sectors such as electronics, healthcare, retail, and warehousing, where the safe and efficient movement of small goods is critical.

The agility and speed of AMRs in this payload category make them ideal for tasks such as picking and placing items, inventory management, and last-mile delivery. Their compact size and advanced navigation systems allow them to operate efficiently in confined spaces, making them a valuable asset in crowded environments like retail stores and hospitals.

2. 100-500 kg Payload Capacity: Versatility for Medium-Duty Operations

Autonomous mobile robots with a payload capacity ranging from 100 to 500 kg are the most versatile in the market, offering a balance between strength and agility. This segment is widely used across industries such as manufacturing, automotive, and logistics, where the transportation of medium-sized goods and components is required.

These robots are designed to handle a wide variety of tasks, including the movement of raw materials, work-in-progress items, and finished products within production lines and warehouses. The ability to automate these tasks helps businesses reduce labor costs, increase operational efficiency, and improve safety by minimizing human intervention in repetitive or hazardous tasks.

The demand for AMRs in this payload category is expected to grow rapidly, driven by the need for flexible and scalable automation solutions that can adapt to varying production volumes and warehouse requirements.

3. >500 kg Payload Capacity: Powerhouse for Heavy-Duty Material Handling

AMRs with a payload capacity of over 500 kg are designed for heavy-duty applications, capable of transporting large and heavy loads across industrial environments. These robots are particularly valuable in sectors such as heavy manufacturing, aerospace, and construction, where the efficient movement of bulky materials and components is crucial.

The robustness and reliability of these high-capacity AMRs make them ideal for automating the transportation of heavy goods, reducing the need for forklifts and other traditional material handling equipment. By automating these tasks, businesses can enhance productivity, reduce workplace injuries, and optimize space utilization.

As industries continue to scale up their operations, the demand for AMRs in this segment is expected to rise, offering a powerful solution for the automated handling of heavy materials.

Market Outlook

The Autonomous Mobile Robots market is poised for substantial growth across all payload capacity segments, driven by the increasing demand for automation in various industries. The diverse payload capacities offered by AMRs enable businesses to select the most suitable robots for their specific operational needs, ensuring maximum efficiency and productivity.

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Forklift Truck Market: Impact of Automated Manufacturing Facilities

First developed in the early 20th century by companies such as Clark and Yale & Towne Manufacturing, forklifts are powered industrial trucks used to lift and move materials across short distances. The two power-operated prongs at the front of the vehicle can slide under heavy loads and then be raised for stacking and moving objects in shipping depots, warehouses, and more. According to Inkwood Research, the global forklift truck market is set to grow with a CAGR of 6.60% over the forecast years of 2023 to 2032. The market is set to capture a revenue share of $130.75 billion, reaching a volume of 2546.21 thousand units by 2032.

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How Automation is Restructuring the Production Space

The automation of manufacturing facilities has revolutionized logistics and supply chain management. Key advantages of automation in manufacturing facilities include:

More efficient use of materials

Higher production rates and increased productivity

Improved safety and reduced costs

Reduced factory lead times

Shorter workweeks for labor

Better product quality

With increased automation in warehouses and factories, the demand for efficient and smart material handling solutions has surged. Forklift trucks have proven to be optimal in this automated landscape, facilitating seamless movement of goods, optimizing processes, and ensuring safety. Technological advancements in automated forklift trucks have made them significant assets in material handling, especially in large facilities where human workers may need to cover long distances for hauling, picking, and putaway functions. The adoption of energy retrofit systems, including energy-efficient technology, HVAC retrofit, and LED retrofit solutions, has also become integral in these facilities to enhance energy efficiency.

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Automation Meets Manufacturing Efficacy | The Indispensable Role of Forklift Trucks

The demand for automation, particularly in the form of smart and autonomous forklifts, in the manufacturing industry is influenced by several key factors, including the need for increased operational efficiency and the ability to handle complex and heavy loads. Advancements in forklift technology and the subsequent rise in production capacities have led to the following developments:

Diverse End-User Applications: Forklifts play a pivotal role in various manufacturing industries such as retail & e-commerce, construction, mining, and manufacturing. Warehouses heavily rely on these versatile vehicles for the efficient lifting and transportation of cargo. Notably, retail & e-commerce is set to be the fastest-growing and dominating end-user during the forecast period. The adoption of energy retrofit technologies in these sectors has further optimized operations.

Retail & E-commerce: The e-commerce sector's growth has led to warehouses adapting to smaller aisles and taller shelves to optimize inventory visibility and facilitate faster delivery, increasing demand for compact and efficient forklifts tailored to this industry.

Mining Sector: Utilizes heavy-duty, high-capacity lift trucks to handle demanding operations. The adoption of energy retrofit systems for mining has also enhanced energy efficiency in these challenging environments.

Construction Sector: Forklifts are essential for transporting heavy building materials across challenging terrains, acting as both lifting equipment and vehicles. Energy-efficient systems in construction sites have improved operational efficiency and sustainability.

Prominence of ICE Powered Forklifts: Internal combustion (IC) engines continue to be favored for high-throughput applications, outdoor tasks, and environments requiring multiple shifts. ICE-powered forklift trucks find extensive application in industries such as iron, steel, automobile manufacturing, and shipbuilding. As these manufacturing sectors grow, so will the adoption and expansion of ICE-powered forklifts.

High Adoption in Food & Beverage and Pharmaceuticals: In the manufacturing industry, electric forklifts play a pivotal role, especially in sectors such as food & beverage and pharmaceuticals. Electric lift trucks enable efficient and precise handling of products. The advanced ergonomics and minimal emissions of forklift trucks make them suitable for applications in the food industry, where energy-efficient buildings and deep energy retrofits are becoming more prevalent.

Asia-Pacific’s Strong Foothold: Countries across Asia-Pacific, including China, Japan, and India, are highly engaged in manufacturing and construction activities. These projects generate significant demand for forklift trucks for handling goods. The Asia-Pacific forklift truck market is projected to grow with the highest CAGR of 6.83%, with China capturing a dominant revenue share of 46.31% by 2032. China's manufacturing sector is poised for growth with government initiatives promoting new projects in areas such as manufacturing, packaging, and public health, further driving the demand for forklifts and energy retrofit solutions.

Automation is revolutionizing the future of material handling operations, offering significant cost savings and seamless integration with existing operations. Automating fleets of forklifts can add substantial value to manufacturing operations. With the notable presence of leading companies such as Toyota Industries Corporation, KION AG, Hyster-Yale Materials Handling Inc, and others, the global forklift truck market is set to witness lucrative growth prospects during the forecast period. Additionally, the adoption of energy retrofit systems, including energy-efficient technology and energy-efficient buildings, will continue to drive innovation and efficiency in material handling and manufacturing operations.

Frequently Asked Questions (FAQs) –

1.    What is the difference between forklifts and trucks? A: While trucks are better suited for lifting lighter materials to increased elevations, forklifts are optimal for moving heavier objects at lower heights.

2.    What are the main types of forklift engines? A: Forklift engines can be separated into two main categories, namely, electric engines and internal combustion (IC) engines. According to our experts, electric powered is expected to be the fastest-growing engine type during the forecast period.

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AGV/AMR Market – Forecast (2024-2030)

 AGV AMR Market Overview

The Automated Guided Vehicle (AGV)/ Autonomous Mobile Robots (AMR) Market size is forecast to reach USD 9.1 billion by 2030, after growing at a CAGR of 12% over the forecast period 2024-2030. One major factor propelling the AGV market is the increasing trend of industrial automation in industries like manufacturing, automotive, e-commerce, and healthcare. AGVs are a cost-effective and efficient alternative for handling and moving materials in automated manufacturing settings. The need for AMRs has increased dramatically because of the quick adoption of Industry 4.0 principles and the incorporation of cutting-edge technologies like cloud computing, artificial intelligence, and the Internet of Things (IoT). These robots are essential to the automation and improvement of many industrial processes, which raises output and boosts operational effectiveness. The AGV/AMR market is poised for continued growth as industries increasingly embrace automation to improve operational efficiency and productivity.

Report Coverage

The report “AGV/AMR Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the AGV/AMR market.

Automated Guided Vehicle (AGV) Market by Vehicle Type: Unit Load AGVs, Automated, Guided Carts, Forklift AGVs, Pallet Trucks, Towing/Tugger AGVs, and Others;

Automated Guided Vehicle (AGV) Market by Navigation: Laser-guided navigation (LGV), Magnetic navigation, Natural navigation (SLAM or LiDAR NAVIGATION), Wire navigation, Vision Navigation, and Others; 

Automated Guided Vehicle (AGV) Market By Mode of Operation: Indoor and Outdoor; 

Automated Guided Vehicle (AGV) Market By Application: Logistics and Warehousing (Storage/Distribution), Assembly Lines, Packaging Lines, Trailer Loading & Unloading, Raw Material Handling, Trash Removal, and Other Applications; 

Autonomous Mobile Robots Market (AMR) By Application: Sorting, Pick & Place, Tugging, Warehouse Fleet Management, and Others; 

Automated Guided Vehicle (AGV) by End-Use Industry: E-Commerce & Logistics, Automotive, Manufacturing, Chemical & Pharmaceutical, Food & Beverage, Aerospace, and Others;

Autonomous Mobile Robots Market (AMR) Market by End Use Industry: Manufacturing and Wholesale and Distribution;

By Geography: North America, South America, Europe, and APAC 

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Key Takeaways

• The APAC region is anticipated to dominate the AGV/AMR market with a value share of approximately 35.6% in 2023, followed by North America with a value share of approximately 32.8% in 2023.

• With a value share of roughly 24% in 2023, e-commerce and logistics led the AGV market. Advanced packaging technology has developed to lower costs while enhancing integrated circuit performance and throughput.

• AGVs/AMRs are being widely adopted by industries due to their ability to enhance operational efficiency and productivity. These robots can handle repetitive and tedious tasks, resulting in streamlined operations, reduced costs, and improved throughput.

• As AGVs/AMRs become more prevalent, regulatory bodies are focusing on establishing standards and guidelines to ensure the safe and reliable use of these robots. Compliance with these regulations will become increasingly important for manufacturers and users of AGVs/AMRs

By Vehicle Type- Segment Analysis

The Towing/Tugger AGVs segment dominated the AGV market in 2023. The most basic kind of AGV with the fewest characteristics is called an automatic guided cart (AGC The escalating demand for Towing/Tugger Automotive Guided Vehicles (AGVs) is driven by the surging wave of automation and the expanding landscape of manufacturing. These specialized AGVs offer distinct advantages over traditional counterparts such as Unit Load AGVs, Automated Guided Carts, Forklift AGVs, and Pallet Trucks. Towing/Tugger AGVs excel in efficiency, seamlessly towing multiple loads, optimizing material flow, and minimizing downtime. Their versatility accommodates diverse load sizes, adapting to evolving production needs. As industries increasingly embrace automation for heightened productivity and cost-effectiveness, Towing/Tugger AGVs emerge as the preferred choice, enhancing operational agility and enabling a smoother transition towards smart, interconnected manufacturing processes.

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By Navigation - Segment Analysis

The Laser-guided navigation (LGV) segment dominated the AGV market in 2023. High-precision navigation capabilities provided by LGV technology allow AGVs to navigate and function exceptionally accurately in industrial settings. By assuring accurate material handling and transportation, the employment of laser guiding systems improves the AGVs' capacity to negotiate intricate and dynamic courses, reducing errors and increasing operating efficiency. AGVs with LGV capability help industrial and logistics facilities optimize their material handling and workflow procedures. LGV technology enables AGVs to handle material transportation, inventory management, and order fulfillment tasks more efficiently and productively by offering precise and dependable navigation guidance. Businesses looking to maximize their material handling and logistics operations can benefit from the favorable return on investment provided by the dependable and affordable navigation solution provided by LGV technology in AGVs. Over time, organizations can achieve considerable cost savings and operational profitability with the support of LGV-enabled AGVs' reduced errors, minimized downtime, and better operational efficiency.

By Mode of Operation - Segment Analysis

The Indoor segment dominated the AGV market in 2023. AGVs made for interior settings provide optimal material handling performance in cramped areas like distribution centers, warehouses, and manufacturing plants. Because of their ability to maneuver in tight areas and narrow lanes, these AGVs can move and handle materials with ease in indoor operational environments, making the most use of available space and improving overall operational efficiency. Indoor logistics operations benefit greatly from the automated movement of items, effective inventory management, and expedited order processing made possible by AGVs. These factors include shorter order processing times, higher inventory accuracy, and more efficient order fulfillment overall.  Automated material and component transfers between production stages are made possible by the seamless integration of AGVs with conveyor systems and production lines in indoor manufacturing facilities. Conveyor systems that include AGVs improve material flow overall, reduce production downtime, and make it easier to handle materials between processes efficiently. All these factors increase production line efficiency and throughput.

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By Application – Segment Analysis

The Logistics and Warehousing (Storage/Distribution) segment dominated the AGV market in 2023. Logistics and warehousing operations are becoming more networked and data-driven owing to the trend of integrating AGVs with IoT and connectivity technologies. Real-time data exchange, remote monitoring, and predictive maintenance are made possible by AGVs integrated with Internet of Things sensors and connectivity protocols. This improves overall operational visibility and management efficiency in logistics and warehousing facilities while facilitating optimized material handling, inventory management, and supply chain operations. The use of AGVs in warehouse and logistics settings is being impacted by the move towards collaborative robotics and co-bot integration. 

The Pick & Place segment dominated the AMR market in 2023. One notable trend is the incorporation of sophisticated AI and machine learning functionalities into AMRs for sorting applications. AMRs with AI-powered algorithms installed may more accurately and efficiently recognize, classify, and identify different kinds of goods, improving sorting speed and accuracy in a variety of commercial and industrial contexts. Multi-modal sorting capabilities are becoming increasingly common in AMRs. More and more companies are looking for AMRs that can handle and sort a wide range of goods and packages, such as boxes, parcels, and oddly shaped objects. AMRs' adaptability and suitability for sorting applications in many industries are increased by the incorporation of multi-modal sorting functions, which facilitate the efficient handling of a broad variety of items.

By End Use Industry - Segment Analysis

The E-Commerce and logistics end-use industry dominated the AGV market in 2023. The exponential growth of the e-commerce industry is driving demand for automated solutions, like automated guided vehicles (AGVs), to handle the growing volume of orders, enhance order fulfillment efficiency, and satisfy customers' expectations for prompt and dependable delivery. This will support the e-commerce market's expansion and boost the logistics industry's overall growth. Logistics companies are adopting AGVs to automate material handling, streamline order picking, and optimize inventory management processes in response to the growing demand for timely delivery and efficient order fulfillment in the e-commerce sector.

The Wholesale & Distribution end-use industry dominated the AMR market in 2022. The implementation of Automated Material Receipts (AMRs) is streamlining order processing, inventory management, and automating a variety of warehouse tasks in E-commerce Wholesale and distribution. These benefits include lower operating costs, more efficient order fulfilment, and timely product delivery to customers. To improve the overall customer experience and promote customer satisfaction in the e-commerce industry, AMRs are propelling the development of last-mile delivery solutions in E-commerce Wholesale and distribution. They also support the effective transportation of goods to nearby distribution centers and delivery hubs, optimize route planning, and enable the timely delivery of goods to end users

By Geography - Segment Analysis

Asia Pacific region dominated the AGV/AMR market in 2023.  The use of advanced robotics and automation in a variety of industries, as well as technological breakthroughs, have received active support from the Chinese government. The government hopes to boost China's industrial competitiveness and promote sustainable economic growth by accelerating the development and deployment of new technologies, including as AGVs and AMRs, through financial programs, policy incentives, and strategic collaborations.  AI, IoT, and robotics are just a few of the cutting-edge technologies that Indian companies have been aggressively incorporating into AGVs and AMRs to improve their capabilities and flexibility. These linkages pave the way for the creation of intelligent, networked robotic systems that can make complicated decisions, navigate effectively, and collaborate seamlessly with human workers. In the Indian market, businesses such as Adverb Technologies and Grey Orange have been setting the standard for the development and implementation of sophisticated AMRs and AGVs. 

Drivers – AGV/AMR Market

Rising Demand for Automation Solution in a Variety of Industries

The growing need for warehouse automation is driving a substantial portion of the market for automated guided vehicles, or AGVs. Automation is becoming more and more necessary because of the industries' general requirement for high efficiency, including the automotive, healthcare, e-commerce, food and beverage, logistics, and manufacturing sectors. Automating industrial facilities with AGVs can assist in meeting material handling capacity requirements while also lowering production times, decreasing the possibility of human mistakes, improving safety, guaranteeing high production volumes, and improving precision and repeatability. Just-in-time (JIT) raw material supply, computerized management of received assembled parts, and shipment tracking are all made possible by the usage of AGVs. AGVs aid in the storage, distribution, and transportation of cargo without the need for human intervention, eliminating the risk of worker injuries and product damage while also improving accuracy.

Industry 4.0 Technology Implementation in Storage facilities to Accelerate Market Development

By implementing Industry 4.0 principles, conventional industrial facilities are gradually changing into automated, intelligent, and highly efficient facilities. An industrial facility can become an independent plant owing to Industry 4.0. It creates a single automated unit by fusing robots, computers, and industrial automation solutions. Intelligent architecture with decentralized decision-making capabilities is created by the network of linked devices. The development of Industry 4.0 is altering how warehouses operate. Industry 4.0 also seeks to establish a working environment that facilitates effective collaboration between humans and robots. Moreover, processes will become an industrial environment with better automation system coordination when Industry 4.0 and robotics are integrated. This connection will help in the extremely demanding and dynamic supply chain ecosystem by enabling time-sensitive, high-velocity operations at reduced costs. It has also enhanced system coordination and allowed warehouse operators to complete time-consuming, high-speed tasks at a reduced cost, which has further fueled the growth of the automated guided vehicle market. 

The Automotive Sector is Projected to Register Significant Growth for the AMR Market

Automobile manufacturers may achieve more efficient manufacturing, reduce lead times, and optimize the flow of materials with the use of AMRs. Moreover, autonomous mobile robots (AMRs) are gaining popularity as a logistical solution that can quickly adjust to shifting production layouts and processes as automakers prioritize flexibility over volume throughout the projected era after Just-In-Time (JIT) production techniques were implemented. It is anticipated that the application of robotics in the car industry will keep expanding quickly enough to accelerate output. To gain a larger market share in the robotics industry, automakers such as Toyota and BMW are investing in robotics and manufacturing technologies. BMW and Nvidia have been working together for several years to create mobile robots for internal use in their plants. The focus of this work has been automated material handling at the last mile. Increased investment in automated manufacturing methods, such as industry 4.0 standards implemented globally, is also anticipated to expand the market for AMRs in the automotive sector. 

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Challenges –AGV/AMR Market

Growing Acceptance of Arms Over AGVs in E-commerce and Retail Industry

In the realm of automated solutions, challenges persist with Automotive Guided Vehicles (AGVs) compared to the efficiency of robotics arms. Robotics arms offer unparalleled precision and flexibility in handling tasks, outshining AGVs in complex manufacturing environments. AGVs, tethered to predefined paths, encounter limitations in adaptability and may struggle with intricate tasks. Conversely, robotics arms exhibit dynamic adaptability, executing diverse functions with a level of dexterity and accuracy that AGVs find challenging. The demand for increased customization and intricate operations favors the versatility of robotics arms, marking them as the preferred choice for businesses seeking advanced automation solutions.

Low Labor Costs Restricting Adoption of AGVs In Emerging Economies

The adoption of automated technologies across industries is hindered in emerging economies like Tanzania, Bangladesh, and India due to low labor pay rates. These nations have a lot of inexpensive labor, therefore there is little to no economic need for industrial facilities to be automated. In India, a semiskilled worker makes about $3 per day on average. Because inexpensive labor is more readily available in these emerging economies, automation in manufacturing facilities is less common than in other developed nations. This is because the labor-robot trade-off is less profitable. Tanzania, Bangladesh, and Cuba are examples of developing nations with extremely low average daily salaries. As a result, businesses in developing nations are hesitant to spend money on automated machinery like AGVs. Human laborers do a variety of tasks in emerging economies' manufacturing sectors because it is more advantageous for them to combine their manual labor with accurate, semiautomated machinery. 

Market Landscape

Partnerships, Agreements, Product Launches, Acquisitions, Expansion, and Collaborations are key strategies adopted by players in the AGV/AMR market. In 2022, the AGV/AMR Market share has been consolidated by the top ten players accounting for more than 70% of the share. Major players in the AGV/AMR market are Daifuku, Kion Group, SSL Schaefer, Kardex Group, Dematic, ABB, Fanuc Corp, Omron Automation, Honeywell, Zebra Technologies, and others.

Developments:

In 2023, The third generation of Dematic's freezer-rated automated guided vehicles (AGVs) has been introduced. It has sensor and navigation technology breakthroughs that surpass the most recent revisions to global safety requirements. 

In 2023, OMRON Robotics and Safety Technologies, Inc. and Lowpad BV made a strategic partnership to expand OMRON’s line of mobile robots with Lowpad’s low-profile product offering. As a component of the strategic alliance, OMRON will use its extensive worldwide marketing infrastructure to market and market tailored versions of Lowpad's robots under the OMRON brand.

In 2022, The new manufacturing facility of Daifuku North America Holding Company (Daifuku) in Boyne City, USA, will have a grand opening ceremony. Daifuku spent $26 million to construct this state-of-the-art 225,000-square-foot manufacturing complex. It serves as the center of production for automated guided vehicles and baggage handling equipment for airports.