Global Electric Order Picker Market: Focus on Product Type (5m Lift,8m Lift,10m Lift,Other), End User, and Region - Analysis and Forecast, 2024 - 2031

The global market overview of the "Electric Order Picker Market" provides a unique perspective on the key trends influencing the industry worldwide and in major markets. Compiled by our most experienced analysts, these global industrial reports offer insights into critical industry performance trends, demand drivers, trade dynamics, leading companies, and future trends. The Electric Order Picker market is projected to experience an annual growth rate of 6.3% from 2024 to 2031.

Electric Order Picker and its Market Introduction

An Electric Order Picker is a type of material handling equipment used in warehouses and distribution centers to easily and efficiently retrieve items from high shelves. It features a platform that can be raised to the desired height for picking items, eliminating the need for workers to climb ladders or use manual picking methods. The main purpose of an Electric Order Picker is to increase productivity, reduce manual labor, and improve worker safety.

Some advantages of Electric Order Pickers include increased picking speed, reduced physical strain on workers, improved accuracy in order picking, and higher storage capacity utilization. With the Electric Order Picker Market expected to grow at a CAGR of % during the forecasted period, the increasing demand for efficient warehouse operations and the need for improved workplace safety are driving the growth of the market. This growth indicates a shift towards automated solutions in the material handling industry.

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Electric Order Picker Market Segmentation

The Electric Order Picker Market Analysis by Types is Segmented into:

• 5m Lift
• 8m Lift
• 10m Lift
• Other

There are different types of electric order pickers available in the market including 5m lift, 8m lift, 10m lift, and other variations. These variations in lifting heights cater to different warehouse needs, allowing for efficient and versatile picking operations. The availability of these different types of electric order pickers helps in boosting the demand for the market as companies can find solutions that best fit their specific requirements, leading to increased productivity, improved safety, and cost savings in the long run.

The Electric Order Picker Market Industry Research by Application is Segmented into:

• Factory
• Harbor
• Airport
• Others

Electric order pickers are widely used in factories, harbors, airports, and other industrial settings for efficient picking and transporting of goods. In factories, order pickers are used to move materials and products around the warehouse quickly and safely. In harbors, they help in loading and unloading containers. At airports, they are used for stocking inventories and handling baggage. The fastest growing application segment for electric order pickers in terms of revenue is expected to be e-commerce warehouses, as the demand for online shopping and quick delivery continues to rise, increasing the need for efficient order picking and fulfillment processes.

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Electric Order Picker Market Trends

- Autonomous technology: Electric order pickers equipped with autonomous features such as obstacle detection and navigation systems are gaining momentum in the market.

- Ergonomic design: Demand for electric order pickers with improved operator comfort and safety features is driving manufacturers to focus on ergonomic design.

- Lithium-ion batteries: The shift towards lithium-ion batteries in electric order pickers is increasing efficiency and reducing maintenance costs.

- Data analytics: Integration of data analytics and IoT technologies enables real-time monitoring of fleet performance and predictive maintenance for electric order pickers.

- Industry : Adoption of Industry 4.0 principles such as connectivity and automation is reshaping the electric order picker market landscape.

The Electric Order Picker market is experiencing significant growth driven by these trends, with a focus on providing innovative solutions to meet evolving consumer preferences and industry disruptions.

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Geographical Spread and Market Dynamics of the Electric Order Picker Market

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Electric Order Picker market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa is driven by the increasing demand for efficient material handling solutions in various industries. Key players such as Toyota, Kion Group AG, Jungheinrich AG, and Hyster-Yale Materials Handling are focusing on technological advancements and product innovations to gain a competitive edge. The market opportunities lie in the growing e-commerce sector, industrial automation, and the increasing adoption of electric vehicles for sustainability. Factors such as government initiatives for environmental conservation, rising labor costs, and advancements in battery technology are expected to drive market growth. Collaborations, partnerships, and acquisitions are some of the key strategies adopted by players to expand their market presence and increase their revenue.

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Growth Prospects and Market Forecast for the Electric Order Picker Market

The expected CAGR for the Electric Order Picker Market during the forecasted period is projected to be around 8% to 10%, driven by various innovative growth drivers and strategies.

One key growth driver is the increasing adoption of automation and technology in warehouse and logistics operations, which is driving the demand for electric order pickers.

Another driver is the focus on increasing efficiency and productivity in warehouse operations, leading companies to invest in electric order pickers to streamline their workflows.

To increase growth prospects, companies are deploying innovative strategies such as the integration of artificial intelligence and IoT technology in electric order pickers to improve accuracy and speed in picking operations.

Additionally, the trend towards the development of compact and maneuverable electric order pickers with advanced safety features is expected to drive market growth.

Overall, the Electric Order Picker Market is poised for significant growth with the implementation of innovative deployment strategies and trends that cater to the evolving needs of the warehouse and logistics industry.

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Electric Order Picker Market Competitive Landscape

• 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

1. Toyota: Toyota is one of the leading players in the electric order picker market, known for its high-quality products and innovative technologies. The company has a strong presence globally and is constantly expanding its product portfolio to meet the evolving needs of customers.

2. Jungheinrich AG: Jungheinrich AG is a key player in the electric order picker market, offering a wide range of products that cater to various industries. The company is focused on sustainability and efficiency, and has been investing in R&D to develop advanced technologies for its products.

3. Crown Equipment: Crown Equipment is a prominent player in the electric order picker market, known for its reliable and durable products. The company has a strong focus on customer satisfaction and has been expanding its presence in key markets to drive growth.

- Toyota: Sales revenue - $ billion

- Kion Group AG: Sales revenue - $9.2 billion

- Jungheinrich AG: Sales revenue - $4.3 billion

- Crown Equipment: Sales revenue - $3.8 billion

Toyota, with its strong industry reputation and global reach, is expected to spearhead market growth in the coming years. Jungheinrich AG's focus on sustainability and efficiency is likely to attract a larger customer base. Crown Equipment's emphasis on reliability and durability is expected to fuel its market growth prospects.

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