What is Global Electric Order Pickers Market?
The Global Electric Order Pickers Market is a comprehensive study of the global market trends and growth prospects in the field of electric order pickers. Electric order pickers are essentially warehouse trucks used for picking and handling material in warehouses, distribution centers, and factories. They are designed to make the process of order picking more efficient and less labor-intensive. The market for these machines is growing rapidly due to the increasing demand for efficient and cost-effective solutions for material handling in various industries. The global market is driven by factors such as the growth of the e-commerce industry, increasing warehouse automation, and the need for efficient order picking solutions. However, the market also faces challenges such as high initial investment and maintenance costs, and the need for skilled operators. Despite these challenges, the market is expected to grow significantly in the coming years due to the increasing adoption of automated solutions in the logistics and warehousing industry.
Low Level, Medium Level, High Level in the Global Electric Order Pickers Market:
The Global Electric Order Pickers Market is segmented into low level, medium level, and high level based on the height at which the order pickers can operate. Low level order pickers are used for picking orders at lower heights, typically up to 2 meters. They are commonly used in warehouses and distribution centers where the majority of the items are stored at lower levels. Medium level order pickers are capable of picking orders at heights up to 5 meters. They are used in larger warehouses and factories where items are stored at higher levels. High level order pickers can pick orders at heights up to 12 meters. They are used in very large warehouses and distribution centers where items are stored at very high levels. The choice of order picker depends on the specific requirements of the operation, such as the height at which items are stored, the weight of the items, and the volume of orders to be picked.
Warehouses, Factories, Distribution Centers, Others in the Global Electric Order Pickers Market:
The Global Electric Order Pickers Market finds its usage in various areas such as warehouses, factories, distribution centers, and others. In warehouses, electric order pickers are used for picking and handling items stored at various heights. They help in improving the efficiency and speed of the order picking process, thereby reducing the time and cost of order fulfillment. In factories, electric order pickers are used for handling raw materials and finished goods. They help in reducing the manual labor required for material handling, thereby improving the productivity and safety of the operation. In distribution centers, electric order pickers are used for picking and packing orders for shipment. They help in improving the accuracy and speed of order fulfillment, thereby enhancing customer satisfaction and loyalty. In other areas, electric order pickers are used for various material handling tasks such as loading and unloading trucks, stacking and unstacking pallets, and moving goods within the facility.
Global Electric Order Pickers Market Outlook:
The Global Electric Order Pickers Market outlook highlights that the market was valued at US$ 833.4 million in 2022 and is expected to reach US$ 1153.8 million by 2029, growing at a CAGR of 4.7% during the forecast period 2023-2029. The market is dominated by the top five players who collectively hold a market share of about 72%. Europe is the largest market for electric order pickers, accounting for a market share of about 45%, followed by North America and China. In terms of product type, low level electric order pickers are the largest segment, accounting for a market share of over 50%. This indicates that low level electric order pickers are the most commonly used type of order pickers, likely due to their versatility and ease of use in various material handling tasks.
| Report Metric | Details |
| Report Name | Electric Order Pickers Market |
| Accounted market size in 2023 | US$ 875.9 million |
| Forecasted market size in 2029 | US$ 1153.8 million |
| CAGR | 4.7 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Toyota, Kion Group, Jungheinrich, Crown Equipment, Mitsubishi Logisnext, Hyster-Yale, Hyundai Heavy Industries, Doosan Industrial Vehicles, Clark Material Handling Company, EP Equipment, Komatsu, Manitou, Hangcha, TAWI |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
