The order pickers market is projected to show steady growth during the forecast period. Order pickers are advanced picker tools widely utilized in warehouses and distribution centers. These versatile machines are primarily used for retrieving and transporting items within a warehouse for order fulfillment purposes. Its lifting mechanisms can access goods shelved at various heights, allowing workers to gather products more efficiently for packaging and shipment. They are widely used in numerous sectors such as e-commerce, retail, and logistics. Increasing investment in warehouse establishment and multi-level lifting capabilities are major factors contributing to the order picker market growth.
Market Drivers
Order pickers serve a crucial role in warehouse facilities, ensuring operational efficiency and accuracy. These specialized machines, designed to simplify the process of retrieving items from storage, allow workers to access inventory quickly and efficiently. Order pickers are equipped with navigational systems that can travel through narrow aisles and reach heights and locations that would be difficult for human operators. The booming e-commerce sector has led to an increased demand for efficient storage infrastructure which increased the investment in new establishment of warehouses. For instance, in May 2023, Peel Ports Group announced investment of £28 million in a new warehouse facility at the Port of Liverpool. The 400-meter facility would be used for handling and storage of cargo at the port. Such establishments are expected to drive the demand for order pickers.
The order picker is widely used in numerous warehouses and distribution centers due to its advanced capabilities. Multiple businesses seek advanced machinery to optimize their supply chain operations. The proliferation of storage facilities, such as warehouses and distribution centers accelerated the utilization of order picker machines, which allow employees to efficiently retrieve products from high shelves or racks. For instance, according to the US Labour of Statistics data, in the 2nd quarter of 2023, there were 22,297 establishments of storage facilities, an increase of 585 units compared to the 3rd quarter of 2022.
Order pickers are equipped with powerful high-height lifting mechanisms that allow for the efficient retrieval of goods stored at various heights in warehouses and distribution centers. The ability to lift heavy loads to significant heights boosts productivity while also optimizing storage space utilization. This is anticipated to increase the demand for order pickers in various industries, such as e-commerce, retail, and logistics, where quick order fulfillment is essential.
Asia Pacific is projected to grow significantly.
Asia Pacific is anticipated to account for a considerable share of the order pickers market due to increasing investments in storage facility establishment in the major economies of the region. For instance, in December 2022, DHL Supply Chain announced an investment of EUR 10 million (NTD 320 million) to expand warehouses in northern Taiwan to meet the logistical demand of the semiconductor and life sciences and healthcare (LSHC) sectors. Additionally, in July 2023, Investcorp announced that it made an additional investment of INR 500 crore (approximately $60.8 million) in NDR Warehousing, one of India's biggest warehouse development and operating platforms.
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