TF Securities(SH:601162) Xin Lang Cai Jing·2025-09-16 15:20Core Insights - The article discusses the evolution of unmanned forklifts, highlighting their integration of traditional forklift and AGV technologies, which enhances automation in logistics and reduces labor costs and safety risks [1][2] - The industry is experiencing rapid growth driven by factors such as rising labor costs, policy support for smart manufacturing, and advancements in technology [2] Group 1: Technology and Market Trends - Unmanned forklifts have become essential in smart logistics, featuring automatic navigation, obstacle avoidance, and path planning, making them suitable for standardized and repetitive tasks [1] - The market for unmanned forklifts in China has expanded significantly, with shipments increasing from 2,700 units in 2019 (0.44% penetration rate) to 19,500 units in 2023 (1.66% penetration rate), and projected to reach 39,000 units by 2025 (3.17% penetration rate) [2] - The global market size for unmanned forklifts in China reached $2.385 billion in 2023, accounting for 45% of the global market, with Asia's overall share at 47% [2] Group 2: Industry Dynamics and Competitive Landscape - The industry is characterized by a shift from traditional forklift modifications to specialized designs and autonomous systems, with a dual architecture of local controllers and cloud-based scheduling platforms [2] - Key players include Linde (China), Hangcha Intelligent, Toyota Material Handling, and Geek+, with the latter achieving the highest market share in global warehouse robotics by 2021 [2] - The global robotics control system market is expected to reach approximately 80 billion yuan by 2024, with a compound annual growth rate of 84.4% from 2020 to 2024 [2]