Self-driving Industrial Vehicles Market size was valued at US$ 38.77 Bn. in 2023 and the total revenue is expected to grow at 22.75% through 2024 to 2030, reaching nearly US$ 162.82 Bn.Self-driving Industrial Vehicles Market Overview:
Self-driving industrial vehicles, also known as autonomous industrial vehicles or driverless vehicles, travel between destinations using a combination of cameras, sensors, artificial intelligence (AI), and radars, with no human input. Self-driving industrial vehicles are mostly used in industries where the severe safety criteria and regulations that apply to passenger self-driving industrial vehicles that do not exist or are less severe. Retail, agriculture, logistics and delivery, manufacturing, commercial freight transport, public transportation, and mining are among these industries.To know about the Research Methodology :- Request Free Sample Report
Self-driving Industrial Vehicles Market Dynamics:
The factors that drive the growth of the Self-driving Industrial Vehicles market are due to artificial intelligence, robotics, edge computing, and computer vision are all making rapid progress, demand for industrial vehicles or machines that can think, hear, see and move more deftly than humans are increasing, increasing customer demand and technological advancements in the automotive industry, as well as increased investment by automakers. These are the major factors that drive the growth of the market in the forecast period. In self-driving industrial vehicles, the cost of all components and sensor assembly is significant. Furthermore, the global adoption rate of self-driving industrial vehicles is lower. As a result, high initial costs along with maintenance are expected to restrain the global self-driving industrial vehicles market in the forecast period.Self-driving Industrial Vehicles Market Segment Analysis:
Based on the Type, the market is segmented into Forklift Self-Driving Industrial Vehicles, Load Transfer Self-Driving Industrial Vehicles, Pallet Trucks, Assembly Line Vehicles, Light Load Transporters, Tugger AGVs, and Others. Forklift Self-Driving Industrial Vehicles is expected to hold the largest market share of xx% by 2030. Self-driving forklifts are becoming more common in manufacturing facilities and warehouses where processes are highly standardized, repetitive, and simple to complete without the need for human intervention. There was no human intervention, no harm, no risk, and everything was delivered on time, smoothly and elegantly by using Forklift Self-Driving Industrial Vehicles. These are the factors which drive the growth of the Forklift Self-Driving Industrial Vehicles in the forecast period. Based on the Industry, the market is segmented by Manufacturing, Logistics & Warehouse, Automotive, Aerospace, and Others. Automotive industry is expected to hold the largest market share of xx% by 2030. The factors that drives the growth of the automotive industry are increasing customer demand and technological advancements in the automotive industry, increasing automation and automotive maintenance activities in the automotive industry. These are the major benefits which drives the growth in the global Self-driving Industrial Vehicles market in the forecast period.Self-driving Industrial Vehicles Market Regional Insights:
North America dominates the Global Self-driving Industrial Vehicles Market during the forecast period 2024-2030. The factors that drive the growth of the market are rapid industrialization, increasing investments in transportation, end users of Self-driving Industrial Vehicles are increasing their presence in North America, due to changes in traffic law that allows autonomous vehicles to operate on public roads and to make transportation totally autonomous, the regulation is slowly being accepted in all 50 states in the United States. These are the factors that drive the growth in North America region in the forecast period. Due to the presence of many leading automotive manufacturers, Europe is expected to hold the second-largest share of xx% in the global self-driving industrial vehicles market by 2030. The objective of the report is to present a comprehensive analysis of the global Self-driving Industrial Vehicles Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Self-driving Industrial Vehicles Market dynamic, structure by analyzing the market segments and project the global Self-driving Industrial Vehicles Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Self-driving Industrial Vehicles Market make the report investor’s guide.Self-driving Industrial Vehicles Market Scope: Inquire before buying
Self-driving Industrial Vehicles Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 38.77 Bn. Forecast Period 2024 to 2030 CAGR: 22.75% Market Size in 2030: US $ 162.82 Bn. Segments Covered: by Type Load Transfer Self-Driving Industrial Vehicles Pallet Trucks Assembly Line Vehicles Light Load Transporters Tugger AGVs Others by Industry Manufacturing Logistics & Warehouse Automotive Aerospace Others Self-driving Industrial Vehicles Market, by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Self-driving Industrial Vehicles Market Key Players are:
1. Seegrid Corporation 2. Scania CV AB 3. Otto GmbH & Co KG 4. Savant Automation, Inc. 5. America In Motion 6. Ward Systems, Inc. 7. Audi AG 8. BMW AG 9. General Motors 10. Google LLC 11. Daimler AG 12. Ford Motor Company 13. Volkswagen AG 14. Tesla, Inc. 15. Honda Motor CorporationFrequently Asked Questions:
1] What segments are covered in Self-driving Industrial Vehicles Market report? Ans. The segments covered in Self-driving Industrial Vehicles Market report are based on type, and industry. 2] Which region is expected to hold the highest share in the global Self-driving Industrial Vehicles Market? Ans. North America is expected to hold the highest share in the global Self-driving Industrial Vehicles Market. 3] Who are the top key players in the global Self-driving Industrial Vehicles Market? Ans. Audi AG, Volkswagen AG, Savant Automation, Inc., America In Motion, and Ward Systems, Inc. are the top key players in the global Self-driving Industrial Vehicles Market. 4] Which segment holds the largest market share in the global Self-driving Industrial Vehicles market by 2030? Ans. Automotive industry segment holds the largest market share in the global Self-driving Industrial Vehicles market by 2030. 5] What is the market size of the global Self-driving Industrial Vehicles market by 2030? Ans. The global Self-driving Industrial Vehicles market is expected to reach US $ 162.82 Bn. by 2030.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Self-driving Industrial Vehicles Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Self-driving Industrial Vehicles Market 3.4. Geographical Snapshot of the Self-driving Industrial Vehicles Market, By Manufacturer share 4. Global Self-driving Industrial Vehicles Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Self-driving Industrial Vehicles Market 5. Supply Side and Demand Side Indicators 6. Global Self-driving Industrial Vehicles Market Analysis and Forecast, 2023-2030 6.1. Global Self-driving Industrial Vehicles Market Size & Y-o-Y Growth Analysis. 7. Global Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 7.1.1. Forklift Self-Driving Industrial Vehicles 7.1.2. Load Transfer Self-Driving Industrial Vehicles 7.1.3. Pallet Trucks 7.1.4. Assembly Line Vehicles 7.1.5. Light Load Transporters 7.1.6. Tugger AGVs 7.1.7. Others 7.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 7.2.1. Manufacturing 7.2.2. Logistics & Warehouse 7.2.3. Automotive 7.2.4. Aerospace 7.2.5. Others 8. Global Self-driving Industrial Vehicles Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 9.1.1. Forklift Self-Driving Industrial Vehicles 9.1.2. Load Transfer Self-Driving Industrial Vehicles 9.1.3. Pallet Trucks 9.1.4. Assembly Line Vehicles 9.1.5. Light Load Transporters 9.1.6. Tugger AGVs 9.1.7. Others 9.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 9.2.1. Manufacturing 9.2.2. Logistics & Warehouse 9.2.3. Automotive 9.2.4. Aerospace 9.2.5. Others 10. North America Self-driving Industrial Vehicles Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 12. Canada Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 13. Mexico Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 14. Europe Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 15. Europe Self-driving Industrial Vehicles Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 17. France Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 18. Germany Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 19. Italy Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 20. Spain Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 21. Sweden Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 22. CIS Countries Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 23. Rest of Europe Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 24. Asia Pacific Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 25. Asia Pacific Self-driving Industrial Vehicles Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 27. India Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 28. Japan Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 29. South Korea Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 30. Australia Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 31. ASEAN Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 32. Rest of Asia Pacific Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 33. Middle East Africa Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 34. Middle East Africa Self-driving Industrial Vehicles Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 36. GCC Countries Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 37. Egypt Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 38. Nigeria Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 39. Rest of ME&A Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 40. South America Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 41. South America Self-driving Industrial Vehicles Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 43. Argentina Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 44. Rest of South America Self-driving Industrial Vehicles Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By Industry, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Self-driving Industrial Vehicles Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Seegrid Corporation 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Scania CV AB 45.3.3. Otto GmbH & Co KG 45.3.4. Savant Automation, Inc. 45.3.5. America In Motion 45.3.6. Ward Systems, Inc. 45.3.7. Audi AG 45.3.8. BMW AG 45.3.9. General Motors 45.3.10. Google LLC 45.3.11. Daimler AG 45.3.12. Ford Motor Company 45.3.13. Volkswagen AG 45.3.14. Tesla, Inc. 45.3.15. Honda Motor Corporation 45.3.16. Others 46. Primary Key Insights
