Cherry Picker Forklift Market Analysis

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 2036. 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: