Market Overview:
The global order picker forklift trucks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for order picker forklift trucks from warehouses, factories, and distribution centers across the globe. Additionally, factors such as rising labor costs and stringent government regulations are also contributing to the growth of this market. The global order picker forklift trucks market can be segmented on the basis of type into low level (up t0 3m), medium level (3m to 8m), and high level (more than 8m). On the basis of application, this market can be segmented into warehouses, factories, distribution centers, and others. Geographically, this market can be segmented into North America, Latin America, Europe Asia Pacific ,and Middle East & Africa .
Product Definition:
Order Picker Forklift Trucks are used to pick and transport goods within a warehouse or distribution center. TheImportance of Order Picker Forklift Trucks is that they allow workers to quickly and efficiently move items around a facility, which can help improve productivity.
Low Level (Up t0 3m):
Low level (up to 3 meters) order picker forklift trucks are used for short distance transportation of goods within a warehouse. They are compact and can maneuver easily in tight spaces. These types of forklifts have rear wheel drive which helps in better stability while operating on uneven surfaces like concrete, sand etc. The low center of gravity ensures that these vehicles don’t tip over when loaded or empty.
Medium Level (3m to 8m):
Medium level (3m to 8m) order picker forklift trucks are used for loading and unloading small packages at retail stores. These medium level order picking forklifts have a capacity between 3 to 8 metric tons. They are widely used in various applications such as warehouse distribution, e-commerce, grocery store pickup & delivery and others.
Application Insights:
The distribution centers segment accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The increasing number of e-commerce businesses has resulted in an increased demand for logistics services, which are mainly provided by distribution center operators. These operators use trucks with order picker systems as they offer flexibility in moving goods between different warehouses as well as increase operational efficiency.
Factories application segment is also expected to grow at a significant rate over the next eight years owing to several advantages offered by these systems such as ease of operation, high safety standards and reliability among others. In addition, manufacturers are focusing on reducing their manufacturing costs while maintaining high quality levels required by end consumers which will further boost industry growth during this period.
The warehousing application segment was estimated at USD 1,252 million in 2017.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030. The region has been witnessing strong economic growth and increasing industrial activities owing to the presence of major manufacturing industries such as automotive, electronics, textile, pharmaceuticals and others. Furthermore, rising investments in construction activities are also contributing toward industry growth in this region.
The growing demand for forklift trucks in various applications can be attributed to their widespread usage in warehouses and factories for material handling purposes. Moreover, Asia Pacific is one of the key hubs for manufacturing low-cost products which have led manufacturers focus on expanding their production facilities within this region due to its low labor cost compared with developed regions such as North America or Europe.
Growth Factors:
- Increasing demand for order picker forklift trucks from the e-commerce sector due to the growth of online retailing.
- Rising demand for order picker forklift trucks from the automotive sector due to increasing production of automobiles.
- Growing demand for order picker forklift trucks in warehouses and distribution centers due to rising logistics and supply chain activities.
- Increasing adoption of automated storage and retrieval systems (AS/RS) that require order pickers for handling goods, which is driving the market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Order Picker Forklift Trucks Market Research Report
By Type
Low Level (Up t0 3m), Medium Level (3m to 8m), High Level (More than 8m)
By Application
Warehouses, Factories, Distribution Centers, Others
By Companies
Toyota, Kion Group, Jungheinrich, Crown Equipment, Mitsubishi Logisnext, Hyster-Yale, Hyundai Heavy Industries, Doosan Industrial Vehicles, Clark Material Handling Company, EP Equipment, Toyota, Manitou, Hangcha, TAWI
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Order Picker Forklift Trucks Market Report Segments:
The global Order Picker Forklift Trucks market is segmented on the basis of:
Types
Low Level (Up t0 3m), Medium Level (3m to 8m), High Level (More than 8m)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Warehouses, Factories, Distribution Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Toyota
- Kion Group
- Jungheinrich
- Crown Equipment
- Mitsubishi Logisnext
- Hyster-Yale
- Hyundai Heavy Industries
- Doosan Industrial Vehicles
- Clark Material Handling Company
- EP Equipment
- Toyota
- Manitou
- Hangcha
- TAWI
Highlights of The Order Picker Forklift Trucks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Level (Up t0 3m)
- Medium Level (3m to 8m)
- High Level (More than 8m)
- By Application:
- Warehouses
- Factories
- Distribution Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Order Picker Forklift Trucks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Order Picker Forklift Trucks are a type of forklift trucks that are used to pick and place items in an orderly fashion. They typically have a higher lifting capacity than standard forklifts, making them ideal for tasks such as picking large quantities of goods or moving heavy objects.
Some of the major players in the order picker forklift trucks market are Toyota, Kion Group, Jungheinrich, Crown Equipment, Mitsubishi Logisnext, Hyster-Yale, Hyundai Heavy Industries, Doosan Industrial Vehicles, Clark Material Handling Company, EP Equipment, Toyota, Manitou, Hangcha, TAWI.
The order picker forklift trucks market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Order Picker Forklift Trucks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Order Picker Forklift Trucks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Order Picker Forklift Trucks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Order Picker Forklift Trucks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Order Picker Forklift Trucks Market Size & Forecast, 2018-2028
4.5.1 Order Picker Forklift Trucks Market Size and Y-o-Y Growth
4.5.2 Order Picker Forklift Trucks Market Absolute $ Opportunity
Chapter 5 Global Order Picker Forklift Trucks Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Order Picker Forklift Trucks Market Size Forecast by Type
5.2.1 Low Level (Up t0 3m)
5.2.2 Medium Level (3m to 8m)
5.2.3 High Level (More than 8m)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Order Picker Forklift Trucks Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Order Picker Forklift Trucks Market Size Forecast by Applications
6.2.1 Warehouses
6.2.2 Factories
6.2.3 Distribution Centers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Order Picker Forklift Trucks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Order Picker Forklift Trucks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Order Picker Forklift Trucks Analysis and Forecast
9.1 Introduction
9.2 North America Order Picker Forklift Trucks Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Order Picker Forklift Trucks Market Size Forecast by Type
9.6.1 Low Level (Up t0 3m)
9.6.2 Medium Level (3m to 8m)
9.6.3 High Level (More than 8m)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Order Picker Forklift Trucks Market Size Forecast by Applications
9.10.1 Warehouses
9.10.2 Factories
9.10.3 Distribution Centers
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Order Picker Forklift Trucks Analysis and Forecast
10.1 Introduction
10.2 Europe Order Picker Forklift Trucks Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Order Picker Forklift Trucks Market Size Forecast by Type
10.6.1 Low Level (Up t0 3m)
10.6.2 Medium Level (3m to 8m)
10.6.3 High Level (More than 8m)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Order Picker Forklift Trucks Market Size Forecast by Applications
10.10.1 Warehouses
10.10.2 Factories
10.10.3 Distribution Centers
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Order Picker Forklift Trucks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Order Picker Forklift Trucks Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Order Picker Forklift Trucks Market Size Forecast by Type
11.6.1 Low Level (Up t0 3m)
11.6.2 Medium Level (3m to 8m)
11.6.3 High Level (More than 8m)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Order Picker Forklift Trucks Market Size Forecast by Applications
11.10.1 Warehouses
11.10.2 Factories
11.10.3 Distribution Centers
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Order Picker Forklift Trucks Analysis and Forecast
12.1 Introduction
12.2 Latin America Order Picker Forklift Trucks Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Order Picker Forklift Trucks Market Size Forecast by Type
12.6.1 Low Level (Up t0 3m)
12.6.2 Medium Level (3m to 8m)
12.6.3 High Level (More than 8m)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Order Picker Forklift Trucks Market Size Forecast by Applications
12.10.1 Warehouses
12.10.2 Factories
12.10.3 Distribution Centers
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Order Picker Forklift Trucks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Order Picker Forklift Trucks Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Order Picker Forklift Trucks Market Size Forecast by Type
13.6.1 Low Level (Up t0 3m)
13.6.2 Medium Level (3m to 8m)
13.6.3 High Level (More than 8m)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Order Picker Forklift Trucks Market Size Forecast by Applications
13.10.1 Warehouses
13.10.2 Factories
13.10.3 Distribution Centers
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Order Picker Forklift Trucks Market: Competitive Dashboard
14.2 Global Order Picker Forklift Trucks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toyota
14.3.2 Kion Group
14.3.3 Jungheinrich
14.3.4 Crown Equipment
14.3.5 Mitsubishi Logisnext
14.3.6 Hyster-Yale
14.3.7 Hyundai Heavy Industries
14.3.8 Doosan Industrial Vehicles
14.3.9 Clark Material Handling Company
14.3.10 EP Equipment
14.3.11 Toyota
14.3.12 Manitou
14.3.13 Hangcha
14.3.14 TAWI
