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.