What is Global Order Picker Machines Market?
The Global Order Picker Machines Market is a vast and dynamic sector that encompasses a wide range of machinery designed to facilitate the process of picking and packing orders in various industries. These machines are integral to the efficient functioning of warehouses, factories, and retail stores, where they are used to streamline operations and increase productivity. The market for these machines is continually evolving, driven by technological advancements and the growing demand for automation in the logistics and supply chain industry. The machines come in various types and sizes, each designed to cater to specific needs and applications. They are typically characterized by their ability to lift and transport goods to different heights and locations within a facility, thereby reducing manual labor and improving operational efficiency.
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 lift operators to high shelves in warehouses, enabling them to pick and pack orders from elevated locations. These machines are equipped with safety features such as guard rails and harnesses to ensure the operator's safety while working at heights. On the other hand, Horizontal Order Pickers are used for picking orders at ground level. These machines are typically smaller and more maneuverable, making them ideal for use in tight spaces and narrow aisles. Both types of order pickers play a crucial role in the logistics and supply chain industry, helping businesses to meet their operational goals and customer demands.
Warehouse and Logistics, Factories, Retailer in the Global Order Picker Machines Market:
The Global Order Picker Machines Market finds its application in various sectors such as Warehouse and Logistics, Factories, and Retailers. In the Warehouse and Logistics sector, these machines are used to pick and pack orders quickly and efficiently, thereby reducing the time taken to fulfill customer orders. In Factories, order picker machines are used to transport raw materials and finished goods within the facility, thereby improving operational efficiency and productivity. Retailers use these machines to manage their inventory, ensuring that products are readily available for customers. The use of order picker machines in these sectors not only improves operational efficiency but also reduces the risk of workplace injuries associated with manual handling of goods.
Global Order Picker Machines Market Outlook:
The Global Order Picker Machines Market has shown significant growth over the years. In 2023, the market was valued at US$ 780.3 million and is expected to reach US$ 1065.8 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period from 2024 to 2030. The market is dominated by the top 3 players who hold over 55% of the market share. Geographically, North America holds the largest market share of about 42%, followed by Europe and Asia Pacific with market shares of approximately 40% and 13% respectively.
| Report Metric | Details |
| Report Name | Order Picker Machines Market |
| Accounted market size in 2023 | US$ 780.3 million |
| Forecasted market size in 2030 | US$ 1065.8 million |
| CAGR | 4.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption 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 |
