Cherry Picker Forklift Market Share

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.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of cherry picker forklift is estimated at USD 47.55 Billion.

The cherry picker forklift market size was valued at USD 44.32 Billion in 2023 and is projected to cross USD 122 Billion by the end of 2036, registering more than 8.1% CAGR during the forecast period i.e., between 2024-2036. 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.

Asia Pacific industry is poised to garner the highest share of about 40% by 2036, backed by growing number of warehouses in the region.

JLG Industries, 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.

Cherry Picker Forklift Market Share