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.
For better understanding of revenue contribution of each end use to the pallet jack market, ask an exert analyst
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.
For deeper understanding of the sales prospects of different pallet jacks across regional markets, ask an Request Sample
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.”
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.
Pallet Jack Market - Scope of the Report
Fact.MR recently published a market study on the global market for pallet jacks. The study provides detailed assessment on key market dynamics, including the drivers, trends, opportunities, restraints, and detailed information about the pallet jack market structure. The market study presents exclusive information about how the pallet jack market will grow during the forecast period of 2020-2030.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the pallet jack market for the forecast period.
The study is relevant for stakeholders in the pallet jack market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the pallet jack market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.
The study also includes statistics as well as facts related to the macro- as well as micro-economic factors that are impacting developments in the pallet jack market. It also offers actionable insights based on the future trends in the pallet jack market. Furthermore, small businesses and new entrants in the pallet jack market can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
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.
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Key Questions Answered in Fact.MR’s Pallet Jack Market Report
- Which regions will continue to remain the most profitable regional markets for pallet jack market players?
- Which factors will induce a change in the demand for pallet jacks during the assessment period?
- How will changing trends impact the pallet jack market?
- How can market players capture the low-hanging opportunities in the pallet jack market in developed regions?
- Which companies are leading the pallet jack market?
- What are the winning strategies of stakeholders in the pallet jack market to upscale their position in this landscape?
Pallet Jack Market: Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the pallet jack market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the production of the pallet jack market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Pallet Jack Market: In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers in the pallet jack market, along with their detailed profiles. Essential and up-to-date data information related to market players who are principally engaged in the production of pallet jacks has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit report readers to take pre-emptive steps in advancing their businesses.
Company profiles have been combined in the report, which include essentials such as product portfolios, along with an all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all prominent players, thus, providing readers with actionable insights, which help in thoughtfully presenting market status and predicting competition levels in the pallet jack market.
1. Global Pallet Jack Market- Executive Summary
1.1. Global Market Overview
1.2. Fact.MR Analysis
2. Global Pallet Jack Market- Overview
2.1. Market Introduction and Definition
2.2. Market Coverage / Taxonomy
3. Global Pallet Jack Market- COVID-19 Impact
3.1. Risk Assessment
3.1.1. COVID-19 Impact Benchmark with Previous Crisis
3.1.1.1. Change in Pallet Jack Demand Growth
3.1.1.2. Before and After COVID-19 Crisis (Projected)
3.1.2. Impact on Market Value (US$ Mn)
3.1.2.1. Likely Loss of Value in 2020
3.1.2.2. Mid-term and Long Term Forecast
3.1.2.3. Quarter by Quarter Dip and Recovery Assessment
3.1.3. Anticipated Demand and Value Recovery Curve
3.1.3.1. Likelihood of U-Shape Recovery
3.1.3.2. Likelihood of L-Shape Recovery
4. Global Pallet Jack Market- Background
4.1. Global Material Handling System Market Overview
4.2. Regulations and Guidelines
4.3. Macro-Economic Factors
4.3.1. Global GDP Growth Outlook
4.3.2. Global GDP Analysis by Region
4.3.3. Global Industrial Growth Outlook
4.3.4. Global Urbanization Growth Outlook
4.3.5. Global Population Growth Outlook
4.4. Forecast Factors - Relevance & Impact
4.4.1. Automotive Industry Growth
4.4.2. Food & Beverage Industry Growth
4.4.3. Retail and E-commerce Growth
4.4.4. Industrial Manufacturing Growth
4.4.5. Pharmaceutical Industry Growth
4.4.6. Aerospace Industry Growth
4.5. Investment Feasibility Matrix
4.6. PESTLE Analysis
4.7. Porter’s Five Forces Analysis
4.8. Value Chain
4.8.1. List of Key Manufacturers
4.8.2. List of Key Suppliers
5. Global Pallet Jack Market- Dynamics
5.1. Drivers
5.2. Restraints
5.3. Opportunity Analysis
6. Global Pallet Jack Market Demand Analysis 2015-2019 and Forecast, 2020-2030
6.1. Historical Market Volume (Units) Analysis, 2015-2019
6.2. Current and Future Market Volume (Units) Projections, 2020-2030
6.3. Y-o-Y Growth Trend Analysis
7. Global Pallet Jack Market - Pricing Analysis
7.1. Regional Pricing Analysis By Product
7.2. Pricing Break-up
7.3. Global Average Pricing Analysis Benchmark
8. Global Pallet Jack Market Demand in Value or Size in (US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030
8.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
8.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030
8.3. Y-o-Y Growth Trend Analysis
8.4. Absolute $ Opportunity Analysis
9. Global Pallet Jack Market Analysis 2015-2019 and Forecast 2020-2030, by Product
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Product, 2015-2019
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product, 2020-2030
9.3.1. Manual Pallet Jack
9.3.2. Powered Pallet Jack
9.4. Others Market Attractiveness Analysis By Product
10. Global Pallet Jack Market Analysis 2015-2019 and Forecast 2020-2030, by Capacity
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Capacity, 2015-2019
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Capacity, 2020-2030
10.3.1. Below 2.5 Tons
10.3.2. 2.5-5 Tons
10.3.3. Above 5 Tons
10.4. Others Market Attractiveness Analysis By Capacity
11. Global Pallet Jack Market Analysis 2015-2019 and Forecast 2020-2030, by End Use
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2015-2019
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use, 2020-2030
11.3.1. Logistics
11.3.2. Retail
11.3.3. Manufacturing
11.3.3.1. Food & Beverages
11.3.3.2. Automotive
11.3.3.3. Pharmaceutical
11.3.3.4. Chemical
11.3.3.5. General Manufacturing
11.3.3.6. Aerospace & Defense
11.4. Others Market Attractiveness Analysis By End Use
12. Global Pallet Jack Market Analysis 2015-2019 and Forecast 2020-2030, by Region
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2015 -2019
12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2020 - 2030
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. East Asia
12.3.5. South Asia & Oceania & Oceania
12.3.6. Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region
13. North America Pallet Jack Market Analysis 2015-2019 and Forecast 2020-2030
13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015 - 2019
13.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020 -2030
13.3.1. By Product
13.3.2. By Capacity
13.3.3. By End Use
13.3.4. By Country
13.3.4.1. U.S.
13.3.4.2. Canada
13.4. Market Attractiveness Analysis
13.4.1. By Product
13.4.2. By Capacity
13.4.3. By End Use
13.4.4. By Country
14. Latin America Pallet Jack Market Analysis 2015-2019 and Forecast 2020-2030
14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015 - 2019
14.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020 -2030
14.3.1. By Product
14.3.2. By Capacity
14.3.3. By End Use
14.3.4. By Country
14.3.4.1. Brazil
14.3.4.2. Mexico
14.3.4.3. Rest of Latin America
14.4. Market Attractiveness Analysis
14.4.1. By Product
14.4.2. By Capacity
14.4.3. By End Use
14.4.4. By Country
15. Europe Pallet Jack Market Analysis 2015-2019 and Forecast 2020-2030
15.1. Introduction
15.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015 - 2019
15.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020 -2030
15.3.1. By Product
15.3.2. By Capacity
15.3.3. By End Use
15.3.4. By Country
15.3.4.1. Germany
15.3.4.2. Italy
15.3.4.3. France
15.3.4.4. U.K.
15.3.4.5. Spain
15.3.4.6. BENELUX
15.3.4.7. Russia
15.3.4.8. Rest of Europe
15.4. Market Attractiveness Analysis
15.4.1. By Product
15.4.2. By Capacity
15.4.3. By End Use
15.4.4. By Country
16. East Asia Pallet Jack Market Analysis 2015-2019 and Forecast 2020-2030
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015 - 2019
16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020 -2030
16.4.1. By Product
16.4.2. By Capacity
16.4.3. By End Use
16.4.4. By Country
16.4.4.1. China
16.4.4.2. Japan
16.4.4.3. South Korea
16.5. Market Attractiveness Analysis
16.5.1. By Product
16.5.2. By Capacity
16.5.3. By End Use
16.5.4. By Country
17. South Asia & Oceania & Oceania Pallet Jack Market Analysis 2015-2019 and Forecast 2020-2030
17.1. Introduction
17.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015 - 2019
17.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020 -2030
17.3.1. By Product
17.3.2. By Capacity
17.3.3. By End Use
17.3.4. By Country
17.3.4.1. India
17.3.4.2. Thailand
17.3.4.3. Indonesia
17.3.4.4. Malaysia
17.3.4.5. Australia
17.3.4.6. Rest of South Asia & Oceania
17.4. Market Attractiveness Analysis
17.4.1. By Product
17.4.2. By Capacity
17.4.3. By End Use
17.4.4. By Country
18. MEA Pallet Jack Market Analysis 2015-2019 and Forecast 2020-2030
18.1. Introduction
18.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2015 - 2019
18.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2020 -2030
18.3.1. By Product
18.3.2. By Capacity
18.3.3. By End Use
18.3.4. By Country
18.3.4.1. GCC Countries
18.3.4.2. South Africa
18.3.4.3. Northern Africa
18.3.4.4. Turkey
18.3.4.5. Rest of MEA
18.4. Market Attractiveness Analysis
18.4.1. By Product
18.4.2. By Capacity
18.4.3. By End Use
18.4.4. By Country
19. Key Countries Pallet Jack Market Analysis 2015-2019 and Forecast 2020-2030
19.1. U.S. Pallet Jack Market Analysis
19.1.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.1.1.1. By Product
19.1.1.2. By Capacity
19.1.1.3. By End Use
19.2. Canada Pallet Jack Market Analysis
19.2.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.2.1.1. By Product
19.2.1.2. By Capacity
19.2.1.3. By End Use
19.3. Brazil Pallet Jack Market Analysis
19.3.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.3.1.1. By Product
19.3.1.2. By Capacity
19.3.1.3. By End Use
19.4. Mexico Pallet Jack Market Analysis
19.4.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.4.1.1. By Product
19.4.1.2. By Capacity
19.4.1.3. By End Use
19.5. Germany Pallet Jack Market Analysis
19.5.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.5.1.1. By Product
19.5.1.2. By Capacity
19.5.1.3. By End Use
19.6. France Pallet Jack Market Analysis
19.6.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.6.1.1. By Product
19.6.1.2. By Capacity
19.6.1.3. By End Use
19.7. Italy Pallet Jack Market Analysis
19.7.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.7.1.1. By Product
19.7.1.2. By Capacity
19.7.1.3. By End Use
19.8. Spain Pallet Jack Market Analysis
19.8.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.8.1.1. By Product
19.8.1.2. By Capacity
19.8.1.3. By End Use
19.9. U.K. Pallet Jack Market Analysis
19.9.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.9.1.1. By Product
19.9.1.2. By Capacity
19.9.1.3. By End Use
19.10. Benelux Pallet Jack Market Analysis
19.10.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.10.1.1. By Product
19.10.1.2. By Capacity
19.10.1.3. By End Use
19.11. Russia Pallet Jack Market Analysis
19.11.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.11.1.1. By Product
19.11.1.2. By Capacity
19.11.1.3. By End Use
19.12. China Pallet Jack Market Analysis
19.12.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.12.1.1. By Product
19.12.1.2. By Capacity
19.12.1.3. By End Use
19.13. Japan Pallet Jack Market Analysis
19.13.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.13.1.1. By Product
19.13.1.2. By Capacity
19.13.1.3. By End Use
19.14. South Korea Pallet Jack Market Analysis Market
19.14.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.14.1.1. By Product
19.14.1.2. By Capacity
19.14.1.3. By End Use
19.15. India Pallet Jack Market Analysis
19.15.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.15.1.1. By Product
19.15.1.2. By Capacity
19.15.1.3. By End Use
19.16. Thailand Pallet Jack Market Analysis
19.16.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.16.1.1. By Product
19.16.1.2. By Capacity
19.16.1.3. By End Use
19.17. Indonesia Pallet Jack Market Analysis
19.17.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.17.1.1. By Product
19.17.1.2. By Capacity
19.17.1.3. By End Use
19.18. Malaysia Pallet Jack Market Analysis
19.18.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.18.1.1. By Product
19.18.1.2. By Capacity
19.18.1.3. By End Use
19.19. Australia Pallet Jack Market Analysis
19.19.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.19.1.1. By Product
19.19.1.2. By Capacity
19.19.1.3. By End Use
19.20. South Africa Pallet Jack Market Analysis
19.20.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.20.1.1. By Product
19.20.1.2. By Capacity
19.20.1.3. By End Use
19.21. Turkey Pallet Jack Market Analysis
19.21.1. Market Value (Mn US$) Analysis and Forecast by Market Taxonomy
19.21.1.1. By Product
19.21.1.2. By Capacity
19.21.1.3. By End Use
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies
20.2. Market Concentration
20.3. Market Share Analysis of Top Players
20.4. Market Presence Analysis
21. Competition Analysis
21.1. Competition Dashboard
21.2. Company Profiles
21.2.1. Raymond Corporation
21.2.1.1. Company Overview
21.2.1.2. Product Portfolio
21.2.1.3. Sales Footprint
21.2.1.4. Strategy Overview
21.2.2. Komatsu Ltd.
21.2.2.1. Company Overview
21.2.2.2. Product Portfolio
21.2.2.3. Sales Footprint
21.2.2.4. Strategy Overview
21.2.3. Kion Group AG
21.2.3.1. Company Overview
21.2.3.2. Product Portfolio
21.2.3.3. Sales Footprint
21.2.3.4. Strategy Overview
21.2.4. Jungheinrich AG
21.2.4.1. Company Overview
21.2.4.2. Product Portfolio
21.2.4.3. Sales Footprint
21.2.4.4. Strategy Overview
21.2.5. Hyster-Yale Materials Handling, Inc.
21.2.5.1. Company Overview
21.2.5.2. Product Portfolio
21.2.5.3. Sales Footprint
21.2.5.4. Strategy Overview
21.2.6. Mitsubishi Caterpillar Forklift America Inc.
21.2.6.1. Company Overview
21.2.6.2. Product Portfolio
21.2.6.3. Sales Footprint
21.2.6.4. Strategy Overview
21.2.7. Crown Equipment Corporation
21.2.7.1. Company Overview
21.2.7.2. Product Portfolio
21.2.7.3. Sales Footprint
21.2.7.4. Strategy Overview
21.2.8. Anhui HeLi Co., Ltd.
21.2.8.1. Company Overview
21.2.8.2. Product Portfolio
21.2.8.3. Sales Footprint
21.2.8.4. Strategy Overview
21.2.9. CLARK Material Handling Co., Ltd.
21.2.9.1. Company Overview
21.2.9.2. Product Portfolio
21.2.9.3. Sales Footprint
21.2.9.4. Strategy Overview
21.2.10. Doosan Industrial Vehicle Co. Ltd.
21.2.10.1. Company Overview
21.2.10.2. Product Portfolio
21.2.10.3. Sales Footprint
21.2.10.4. Strategy Overview
21.2.11. Hangcha Group
21.2.11.1. Company Overview
21.2.11.2. Product Portfolio
21.2.11.3. Sales Footprint
21.2.11.4. Strategy Overview
21.2.12. Godrej
21.2.12.1. Company Overview
21.2.12.2. Product Portfolio
21.2.12.3. Sales Footprint
21.2.12.4. Strategy Overview
21.2.13. Voltas
21.2.13.1. Company Overview
21.2.13.2. Product Portfolio
21.2.13.3. Sales Footprint
21.2.13.4. Strategy Overview
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Pallet Jack Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030