What is Global Order Picker Machines Market?
The Global Order Picker Machines Market is a comprehensive study of the global market trends and growth prospects for order picker machines. These machines are essential tools in the logistics and supply chain industry, used for picking and transporting goods in warehouses, factories, and retail stores. The market for these machines is vast and varied, with different types of machines catering to different needs. The global market value for these machines was estimated at US$ 780.3 million in 2022, and it is projected to reach US$ 1065.8 million by 2029. This represents a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2023 to 2029.
Vertical Order Picker, Horizontal Order Picker in the Global Order Picker Machines Market:
The Global Order Picker Machines Market is segmented into two main types: Vertical Order Picker and Horizontal Order Picker. Vertical Order Pickers are designed to reach high storage locations in warehouses, making them ideal for businesses with limited floor space but high ceilings. On the other hand, Horizontal Order Pickers are designed for low-level order picking and are commonly used in large warehouses with extensive floor space. Both types of machines are essential in the logistics and supply chain industry, helping to improve efficiency and productivity. The top three players in this market hold a share of over 55%, indicating a high level of market concentration.
Warehouse and Logistics, Factories, Retailer in the Global Order Picker Machines Market:
The Global Order Picker Machines Market finds its usage in various areas such as warehouses and logistics, factories, and retailers. In warehouses and logistics, these machines are used for picking and transporting goods, thereby improving efficiency and productivity. In factories, they are used for moving materials and components, reducing manual labor and increasing operational efficiency. Retailers use these machines for stocking and restocking shelves, ensuring that products are always available for customers. The use of these machines in these areas is expected to drive the growth of the market during the forecast period.
Global Order Picker Machines Market Outlook:
The market outlook for the Global Order Picker Machines Market is positive, with steady growth anticipated in the coming years. The market was valued at US$ 780.3 million in 2022 and is expected to reach US$ 1065.8 million by 2029, representing a CAGR of 4.5% during the forecast period. The market is dominated by the top three players, who hold a combined market share of over 55%. Geographically, North America is the largest market for order picker machines, accounting for over 42% of the global market. This is followed by Europe and Asia Pacific, which account for about 40% and 13% of the market, respectively.
| Report Metric | Details |
| Report Name | Order Picker Machines Market |
| Accounted market size in 2023 | US$ 818.4 million |
| Forecasted market size in 2029 | US$ 1065.8 million |
| CAGR | 4.5 |
| 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, Noblelift |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
