This site uses cookies, including third-party cookies, that help us to provide and improve our services. Read More

Pallet Jack Market

Pallet Jack Market

Pallet Jack Market By Product (Manual & Powered Pallet Jacks), By End Use (Logistics, Retail, Manufacturing, Food & Beverages, Automotive, Pharmaceuticals), By Capacity, By Region - Global Mraket Forecast 2020-2030

Pallet Jack Market
  • Jul-2020
  • List of Tables : 136
  • List of Figures : 119
  • 170 Pages
  • Industrial Goods

Pallet Jack Market Overview

The global pallet jack market has witnessed rapid growth over the years, and is projected to expand at a CAGR of nearly 9% over the forecast period (2020 to 2030). However, due to the ongoing outbreak of COVID-19, the manufacturing sector has taken a hit, and this effect has cascaded on the pallet jack market too. However, production has been revived in a number of regions such as East Asia, Europe, and South Asia. As a result, the pallet jack market is set to reach its original growth pace by the 3rd quarter of 2021.

Pallet Jack Market Analysis by Product

The powered pallet jacks segment leads the market by contributing 80% of global revenue, though the manual pallet jacks segment is leading the market in terms of volume. Most micro and small businesses are seismically switching from manual pallet jacks to driven pallet jacks to minimize their workforce and maximize transport efficiency inside factory or office premises.

Moreover, battery-powered pallet jacks are being utilized in industries to reduce utility cost and increase workplace safety. As a result, the powered pallet jacks segment is projected to expand at the highest CAGR of 9% to reach a valuation of US$ 214 Mn by 2030 end.

Pallet Jack Market Insights by End Use

Globally, pallet jacks have become the preferred choice for micro and small enterprises, due to their lower cost as compared to other industrial trucks. These trucks are preliminarily utilized in manufactory operations, and, as a result, the manufacturing sector leads the market by contributing 60% of global revenue.

On the other hand, due to increasing penetration of online shopping, the logistics sector is also adopting pallet jacks in their warehouses. As a result, the logistics segment is growing at a rapid pace, and is projected to expand at a CAGR of 12% from 2020 and 2030.

pallet jack market analysis value share and opportunity by end use

Regional Outlook of Pallet Jack Market

The exponential growth of the chemical, automotive, food & beverages, and aerospace sectors across Asian countries will have a positive impact on the development of the global pallet jack market. According to Fact.MR, the pallet jack market will progress at a significant rate in East Asia and South Asia, followed by North America and Europe.

Due to the presence of a large number of small enterprises in the region, European countries see more demand for pallet jacks. The market East Asia is also likely to gain traction by expanding a CAGR of 11% during the 2020-2030 period.

pallet jack market regional incremental opportunity analysis

Avail customized purchase options for your needs

COVID-19 Impact on Pallet Jack Market

The COVID-19 pandemic continues to rage aggressively, and will cause a significant downturn in the global pallet jack market during the short-term forecast. Globally, various industries such as oil & gas, automotive, construction, and aerospace have been closed down due to nationwide lockdowns.

Thus, pallet jacks are facing muted sales in these verticals, which will remain at a standstill over the next few months. Also, governments are working together with stakeholders to revive the manufacturing and construction sectors, which will further boost the pallet jack market size in the near future.

The Analyst’s Viewpoint

“Due to the effect of COVID-19, demand-side shortfalls are causing factories to cease operations. As a result, the sales volume of pallet jacks is expected to decrease in the 3rd & 4th quarter of 2020.”

An Adaptive Approach to Modern-day Research Needs

Global Pallet Jack Market: Scope of the Report

The recent global pallet jack market report by Fact.MR offers a 10-year forecast from 2020 to 2030. The report elaborates on the key drivers, restraints, opportunities, and threats to the expansion of the global pallet jack market. A detailed segmental analysis based on product, capacity, and end use has been provided in the report.

Regional analysis in terms of supply chain analysis, business execution, and market value analysis provides an in-depth perspective about the future scope of the global pallet jack market. In addition, a separate section on market structure has also been provided. The section provides detailed analysis of key market players and their strategies for increasing their pallet jack market share over the coming years.

Key Segments of Pallet Jack Market

Fact.MR’s study on the pallet jack market offers information divided into four important segments - product, capacity, end use, and regional analysis. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.


  • Manual Pallet Jacks
  • Powered Pallet Jacks


  • Below 2.5 Tons
  • 2.5 to 5 Tons
  • Above 5 Tons

End Use

  • Logistics
  • Retail
  • Manufacturing
  • Food & Beverages
  • Automotive
  • Pharmaceuticals
  • Chemicals
  • General Manufacturing
  • Aerospace & Defence


  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

- FAQs -

The global pallet jack market to expand at a CAGR of nearly 9% over the forecast period (2020 to 2030).
The powered pallet jacks segment dominates the market by contributing 80% of global revenue.
Use of pallet jacks in manufacturing sector leads the market by contributing 60% of global revenue.

Need an Exclusive Report for your Unique Requirement?

- Related Reports -

Saddle Plate Market

Saddle Plate Market is projected to grow at a steady CAGR of 4.7% by 2031. The rising construction a...

Spot Curing System Market

The spot curing system market is set to grow at a CAGR of over 4.5% during 2021-2031, owing to incre...

Metallurgical Microscope Market

Metallurgical microscope market is set to grow at an impressive CAGR over the projected period, 202...

Magnetic Contactors Market

The magnetic Contactors market is set to witness moderate growth during 2021-2031. The power Switche...

- Our Clients -

Report Client

- Evaluate How Fact.MR's Report Can Help. -

Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.