Cherry Picker Forklift Market Size & Share, by Type (Internal Combustion Engine, Electric Motor, Diesel Forklift, Electric Forklift); End-Use Industry (Industrial, E-Commerce & Logistics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5214
  • Published Date: Sep 04, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Cherry Picker Forklift Market size is poised to cross USD 82 billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of cherry picker forklift was USD 41 billion. The major element to boost the market expansion is the growing demand for fruits. 47% of people consume one or more servings of fruits daily in the world. This growth in fruit demand is owing to rising health concerns among people. According to the World Health Organization, low fruit and vegetable consumption is responsible for around 16 million (1.0%) DALYs and 1.7 million (2.8%) deaths globally. Hence, this is also estimated to boost the growth of the market since fruits need to be harvested.

A cherry picker was originally designed to harvest cherries. The person using it can stand on the big platform for prolonged movement, which is a benefit over employing a ladder. The level of safety and effectiveness is significantly increased when a cherry picker is used in place of a ladder. Avocados, apples, and mangoes are a few fruits that can be picked using a cherry picker forklift.


Cherry Picker Forklift Market
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Cherry Picker Forklift Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Cleaning Jobs: The demand for clean surroundings is growing among people. Hence, there has been surge in cleaning jobs. A cherry picker is best used for cleaning chores that require high access. They enable the individual using them to ascend and descend according to necessity, reaching up to reach materials for cleaning below. There are several different cleaning tasks that fall under the category of high-access cleaning, including window cleaning, high-pressure sanitation, and chimney sweeping. Utilizing a cherry picker is quite beneficial for washing windows and employing high pressure. They enable the user to travel to all the challenging locations while maintaining the most stringent standards of safety.
  • Rise in Number of Events: Entertainment industry is getting huge demand. As a consequence, there has been launch of number of events all across the globe. However, these events need to be recorded. Cherry pickers are actually an adaptable component of equipment. Although they were created solely for practical use, they are additionally employed to help in theatre and record large-scale events.
  • Surge in Preference for Green Technology: The market for cherry picker forklifts may have an opportunity due to the rising demand for eco-friendly technology. To lower the environmental impact and achieve sustainability objectives, many businesses are seeking ecologically friendly alternatives. Cherry picker forklifts powered by electricity rather than conventional diesel or gas engines can aid businesses in achieving these objectives. These forklifts are perfect for usage indoors and in ecologically sensitive regions since they absence of no emissions and generate less noise. Over time, using electricity can result in cost savings. The demand for green cherry picker forklifts is anticipated to rise as more businesses place a higher priority on sustainability, providing a growth potential for manufacturers and suppliers in the industry.

Challenges

  • Lack of Skilled Workers
  • Lack of High Initial Investment
  • Complications in Charging Battery - For operations that involve multiple shifts, charging the electric forklift batteries might be challenging. Conventional lead-acid batteries work best for organizations with one or two shifts as they need extended charging and cooling cycles (8 hours for charging and 8 hours for cooling). However, in case of organization having multiple shift, this could refrain the job. Hence, this element is estimated to hinder the market expansion.

Cherry Picker Forklift Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~8%

Base Year Market Size (2022)

~ USD 41 Billion

Forecast Year Market Size (2035)

~ USD 82 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Cherry Picker Forklift Segmentation

Type (Internal Combustion Engine, Electric Motor, Diesel Forklift, Electric Forklift)

The internal combustion engine segment is anticipated to hold 50% share of the global cherry picker forklift market during the coming years. Internal combustion engine operates with the help of fuel, unlike electric folks who work on electricity. Even though many organizations are looking forward to an electric forklift, the demand for internal combustion engines will remain the same and grow in the future since it is easy to operate and employees are profound in handling them. Also, in order to operate and handle forklift battery the need for skilled workers are necessary. Hence, organization prefer to stick with internal combustion engines.

End-Use Industry (Industrial, E-Commerce & Logistics)

Cherry picker forklift market from the e-commerce & logistics segment is expected to garner the largest share of about 65% by the end of 2035. The growth of the segment is expected to rise on the back of rising e-commerce activity. Currently, there are about 3 billion online buyers all across the world. This equates to approximately 34% of the population globally. Hence, in order to handle products safely and transport them to respective locations in use of cherry picker forklifts is growing.

Our in-depth analysis of the global market includes the following segments:

 

     Type

  • Internal Combustion Engine
  • Electric Motor
  • Diesel Forklift
  • Electric Forklift

 

     End-Use Industry

  • Industrial
  • E-Commerce & Logistics

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Cherry Picker Forklift Industry- Regional Synopsis

APAC Market Forecast

The cherry picker forklift market in Asia Pacific is poised to garner the highest share of about 40% over the projected period. The major factor to dominate the market expansion in this region is the growth in the number of warehouses. In 2021, the full-year new logistics capacity for Asia-Pacific was projected to increase by about 57 percent over the preceding three years, to approximately 166 million square feet. Large warehouses frequently use indoor cherry picker forklifts. Pickers and packers in warehouses must typically collect and order from great heights. They are able to do this securely while connected to the platform owing to a cherry picker. Hence, the market share is expected to grow in this region.

North American Market Analysis

The North America cherry picker forklift market is also projected to have significant growth during the forecast period. There has been large number of buildings and structure in North America which require maintenance and remodeling. As consequence, the adoption for cherry picker forklift is anticipated to rise.

Research Nester
Cherry Picker Forklift Market Size
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Top Featured Companies Dominating the Cherry Picker Forklift Landscape

top-features-companies
    • JLG Industries
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Terex Corporation
    • Skyjack
    • Haulotte Group
    • Teupen Maschinenbau GmbH
    • Manitou Group
    • Holland Lift International B.V.
    • MEC Aerial Work Platforms
    • Ruthmann Holdings GmbH
    • Palazzani Industrie S.p.A.

In-the-news

In The News

  • In Ramos Arizpe, Mexico, Linamar Corporation's Skyjack announced the launch of its new manufacturing plant.
  • A new partnership between GAM and Haulotte Group was confirmed in October. With this initial cooperation, the two businesses hope to market Haulotte aerial work platforms to GAM's industrial and end-user clients. They will focus on offering additional services while offering mostly electric variants of scissor lifts, vertical masts, and articulating booms. In Spain, full technical support will be offered for all Haulotte equipment.

Author Credits:  Harshita Srivastava, Saima Khursheed


  • Report ID: 5214
  • Published Date: Sep 04, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors to drive the growth of the market are growing demand for cleaning jobs, rise in number of events, and surge in preference for green technology.

The market size of cherry picker forklift is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023 – 2035.

The major players in the market are JLG Industries, Terex Corporation, Skyjack, Haulotte Group, and others.

The internal combustion engine segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Cherry Picker Forklift Market Report Scope
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