What is Global Electric Order Picker Market?
The Global Electric Order Picker Market is a comprehensive study of the current trends, growth indicators, and market dynamics of the electric order picker industry. This market involves the manufacturing and distribution of electric order pickers, which are essentially warehouse trucks used for picking and handling material at different heights. These machines are designed to make the process of order picking more efficient, faster, and safer. They are widely used in various industries such as retail, manufacturing, and logistics, among others. The market is driven by the increasing demand for efficient and safe material handling equipment in various industries. The global market is also influenced by technological advancements in electric order pickers, such as the integration of IoT and AI, which further enhances their efficiency and productivity.
5m Lift, 8m Lift, 10m Lift, Other in the Global Electric Order Picker Market:
The Global Electric Order Picker Market is segmented based on the lift height of the order pickers, namely 5m Lift, 8m Lift, 10m Lift, and others. The 5m Lift electric order pickers are widely used in small to medium-sized warehouses due to their compact size and efficient performance. They are ideal for picking orders at lower heights. The 8m Lift electric order pickers are used in larger warehouses and distribution centers where the order picking process involves higher shelves. They offer a higher lift height and are equipped with advanced safety features. The 10m Lift electric order pickers are used in very large warehouses and distribution centers where the order picking process involves very high shelves. They offer the highest lift height and are equipped with the most advanced safety and efficiency features. The other segment includes electric order pickers with different lift heights based on specific requirements.
Factory, Harbor, Airport, Others in the Global Electric Order Picker Market:
The Global Electric Order Picker Market finds its application in various areas such as factories, harbors, airports, and others. In factories, electric order pickers are used for picking and handling materials at different heights. They help in improving the efficiency and productivity of the order picking process. In harbors, they are used for loading and unloading goods from ships and containers. They help in reducing the manual labor involved in the process and increase the speed and efficiency of the operation. In airports, electric order pickers are used for handling luggage and cargo. They help in improving the speed and efficiency of the luggage and cargo handling process. The other applications of electric order pickers include retail stores, warehouses, and distribution centers among others.
Global Electric Order Picker Market Outlook:
Looking at the market outlook, the Global Electric Order Picker Market was valued at a significant US$ 833.4 million in 2022. The market is expected to witness a steady growth and is projected to reach a value of US$ 1080.5 million by 2029. This growth trajectory indicates a Compound Annual Growth Rate (CAGR) of 3.7% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing demand for efficient and safe material handling equipment in various industries. The market is also influenced by technological advancements in electric order pickers, such as the integration of IoT and AI, which further enhances their efficiency and productivity.
| Report Metric | Details |
| Report Name | Electric Order Picker Market |
| Accounted market size in 2023 | US$ 868.9 million |
| Forecasted market size in 2029 | US$ 1080.5 million |
| 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 AG, Jungheinrich AG, Hyster-Yale Materials Handling, Crown Equipment, Mitsubishi Nichiyu, UniCarriers Corp, Komatsu, Anhui Heli, Clark Material Handling Company, Hangcha, Doosan Industrial Vehicles, Hyundai Heavy Industries, Combilift Ltd, Lonking, Tailift Group, Hubtex, Hytsu Group, Godrej & Boyce |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
