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Shipments of Autonomous Lift Trucks to Grow at a CAGR of 53.7% as Warehouse Labor Issues Persist
"Pallet-picking operations have lagged when it comes to automation, with most warehouse automation coming in the form of smaller form Autonomous Mobile Robots (AMRs) and Automated Storage and Retrieval Systems (ASRS) for case and item picking. This is mostly because of the additional complexity and safety concerns associated with heavy pallet handling requirements. But more organizations are now exploring how they can optimize their industrial lift truck fleets through better management by adding telematics systems and exploring autonomous models for certain tasks," explains Ryan Wiggin , Senior Analyst at ABI Research.
Most Original Equipment Manufacturers (OEMs) such as Toyota Material Handling , Jungheinrich , and Crown are bringing their own automated industrial trucks to market. They are being challenged by dedicated robotics vendors such as Fox Robotics , Agilox , and OTTO Motors . Growing adoption is expected to cannibalize shipments of standard industrial lift trucks in the medium term, with the effect most pronounced in North America and Europe .
The desire for better fleet management is also fueling a continued rise in the adoption of telematics systems for industrial trucks. The need to track and analyze movements, ensure worker safety, and orchestrate mixed fleets will see shipments of telematics systems to this part of the market rise considerably, led by companies like Powerfleet , ELOKON , Inpixon , and GemOne .
"A declining workforce in industrial settings is forcing companies to consider adopting automated industrial trucks to conduct repetitive put-away and shunting activities, such as trailer unloading/loading and moving pallets from one part of a warehouse to another. Fleets will become an increasing blend of automation and manual operation alongside growing investment in telematics systems to support safety and management. Significant opportunities exist for all three sides of the market (OEMs, aftermarket telematics, and robotics providers) with several partnerships and new players expected in the coming years," concludes Wiggin.
These findings are from ABI Research's Industrial Lift Truck Market: Key Trends and Expanding Automation report. This report is part of the company's Supply Chain Management and Logistics research service, which includes research, data, and ABI Insights.
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pr@abiresearch.com
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