Pallet Trucks Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028

Published on : May-2018 | List of Tables : 222 | List of Figures : 168 | No. of Pages : 170 | Report Code : FACT614MR | Format : ppt pdf Excel Word

Pallet trucks have gained paramount importance across industries worldwide, as they save precious man hours and expenditure on labor wages regarding movement & storage of pallets. This further enables industries to focus their manpower more on core responsibilities. Pallet trucks have been renowned as a cost-effective, versatile, and user-friendly alternative to other relevant equipment such as forklifts. Pallet trucks have demonstrated continuous safety, practicality, and durability improvements in the recent past.

Current innovation areas of pallet truck manufacturers include basic components such as wheels, with several models being equipped with polyurethane wheels to enable silent running, improved grip, and higher protection against smooth & delicate floors. Several types of pallet trucks, along with relevant equipment, are benefitting from latest innovations in the heavy-duty construction equipment with regard to durability and safety. A recent Fact.MR study projects the pallet trucks market to reflect an impressive 6.03% value CAGR during the forecast period, 2018 to 2028.

pallet truck market

Pallet Trucks Market: Development of Advanced Application-Specific Product Variants Bolstering Growth

Numerous advanced pallet trucks’ availability across the globe have driven their demand across industrial sectors, with focus toward production evolving in tandem with application areas. Manual stackers, for instance, demonstrate increased demand in safe, quick, and convenient lifting & transportation of palletized loads. High-lift pallet trucks have been developed, which incorporate features such as lateral stabilizers and telescopic jacks, thereby enabling automatic speed decline to prevent damages to heavy cargo.

Ever-growing development of the electric hydraulic technology is currently leading the pallet truck advancements beyond transportation of heavy goods toward prevention of musculoskeletal injuries in the material handling industry. Modern day pallet trucks, through combination of hydraulic and electric technology, are being motorized for enabling effective lifting & transportation of heavy stacked pallets. Additionally, novel safety features in these powered pallet trucks, such as dead man’s switch, enable taking necessary actions such as halting the machine during emergency situations.

Upward Trend of Warehousing Likely to Invigorate Pallet Truck Sales

Over the past few years, warehouses have witnessed development in several ways, ranging from function to form. Constant transformation in warehousing is considered to be a consequence of changing procurement, distribution, and production methods. New lease of life is being beguiled by the warehousing industry, which is gaining popularity as the end-customer distribution platform, disregard of just-in-time methods being used.

The need for optimal warehousing has elucidated the imperativeness of technologically-advanced material handling equipment such as pallet trucks. Growing consumer preference for online shopping has bolstered growth of ecommerce, thereby leading to rising number of warehouses. Expanding warehouse spaces for shipment of products has furthered the adoption of pallet trucks, which facilitate movement and storage of goods.

Automatic Guided Pallet Trucks Emerge as a Key Opportunity

Automatic guided vehicles (AGVs) are controlled from outside and confined to programmed movements. A typical automatic guided pallet trucks employed in warehouses trail a programmed or pre-fixed route, and are unable to navigate around barriers or obstacles. Requirement of human intervention for clearing obstacles and restarting the equipment have led manufacturers to concentrate on advancements and upgradation in these pallet trucks.

Raymond’s Courier, Linde’s T-Matic, and Yale’s Driven by Baylo are key developments made in automatic guided pallet trucks that go beyond functioning of AGVs, moving independently around warehouses for lifting & storing pallets. A wide range of technologies, such as vision guidance systems, lasers, and GPS, are being incorporated in pallet trucks by manufacturers, enabling the equipment in mapping and navigating their environment. Such developments will significantly rub off on demand for pallet trucks in the near future.

Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

With the ecommerce sector and online shopping on the rise, demand for warehouses has surged. These warehouse spaces that handle product shipments entail the requirement for material handling equipment, and pallet trucks are among the imperative equipment used in warehouses. Pallet trucks are therefore witnessing high demand in tandem with warehouses, as they facilitate movement of goods and require lesser floor area.

Innovations in pallet trucks development, with incorporation of advanced technologies, such as hydrogen fuel-cell, for enhancing the process efficiency and productivity is a key trend influencing growth of the pallet trucks market. Fact.MR’s recent analytical research report offers a 10-year forecast on pallet trucks market for the period between 2018 and 2027. This holistic and exhaustive analysis on pallet trucks market offers valuable insights and comprehensive assessment on key factors impacting the market growth.

Pallet Trucks Market: Taxonomy

This report propounds quantitative & qualitative analyses on pallet trucks market, providing complete view on the current as well as future market prospects. The value forecast rendered in this study is in terms of US$ Mn. Qualitative analysis offered illuminates microeconomic, industry-specific, and macroeconomic factors that are likely to impact future market expansion. This report embodies complete insights on prominent growth determinants, restraints, opportunities, and threats, which will potentially affect the market’s growth in the forthcoming years.

A segmentation-wise analysis and insights on pallet trucks market has been issued, which enables the report readers in acquiring accurate and transparent intelligence. The report branches the pallet trucks market based on technology type, product type, wheel type, lifting speed, application, sales channel, and region.

Competitive Landscape Assessment

This research study profiles business strategies employed by leading participants in the market, and exerts comprehensive insights that enable established and emerging players in devising effective growth strategies. The chapter on competitive landscape tracking is of paramount importance for the market participants who seek gleaning in-depth insights into current market status quo. Prominent companies participating in the pallet trucks market have been profiled in the report.                         

A scrutinized SWOT analysis has also been rendered by the report, which imparts strengths, weaknesses, opportunities, and threats to these market players. Intelligence apropos of new product developments, impact of regulatory changes, and mergers & acquisition activities of the market players has also been contained for perusal of the report readers.

Research Methodology

A tested & proven research approach is employed by analysts at Fact.MR for evaluating key industry dynamics and offering precise and authentic market intelligence. A blend of primary & secondary research has been implemented for offering estimates and forecasts on the pallet trucks market. Secondary research forms initial phase of our research, wherein the analysts conduct extensive information mining by referring to up-to-date and verified data resources that include technical journals, regulatory and government published material, and independent studies, which forms the basis of the market estimates.

All the market estimates and forecast offered are further verified via an exhaustive primary research, wherein interviews are conducted with leading market participants, and industry experts. These comprehensive primary interviews aid in validating the information procured and gain significant industry insights, estimations and key developments.

1. Executive Summary
1.1. Summarizing Key Findings
1.2. Trends and Developments
1.3. Strategic Themes
1.4. Highlighting Action Area – Wheel of Fortune

2. Global Pallet Trucks Market Overview
2.1. Introduction
2.2. Market Definition and Scope
2.3. Market Taxonomy and Segments Captured

3. Global Pallet Trucks Market Outlook
3.1. Market Size (US$ Mn), Volume (‘000 Units) and Forecast, 2012-2028
3.2. Market Y-o-Y Growth
3.3. Forecast Factors and Relevance of Impact

4. Global Pallet Trucks Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunities
4.4. Trends

5. Supply Chain and Value Chain Assessment

6. Actionable Insights and Analysis
6.1. Technology Roadmap
6.2. Competition Footprint Matrix
6.3. Scenario Forecast
6.4. PESTLE Analysis
6.5. Porter's Five Forces Analysis
6.6. Product Life Cycle
6.7. Investment Feasibility Matrix
6.8. Key Participants Market Presence (Intensity Map) By Region

7. Global Pallet Trucks Market Analysis and Forecast, 2012-2028
7.1. Analysis and Forecast by Technology Type
       7.1.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Region
       7.1.2. Market Share Comparison, By Region
       7.1.3. Y-o-Y growth Comparison, By Region
7.2. Analysis and Forecast By Product Type
       7.2.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Region
       7.2.2. Market Share Comparison, By Region
       7.2.3. Y-o-Y growth Comparison, By Region
7.3. Analysis and Forecast By Wheel Type
       7.3.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Region
       7.3.2. Market Share Comparison, By Region
       7.3.3. Y-o-Y growth Comparison, By Region
7.4. Analysis and Forecast By Lifting Speed
       7.4.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Region
       7.4.2. Market Share Comparison, By Region
       7.4.3. Y-o-Y growth Comparison, By Region
7.5. Analysis and Forecast By Application
       7.5.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Region
       7.5.2. Market Share Comparison, By Region
       7.5.3. Y-o-Y growth Comparison, By Region
7.6. Analysis and Forecast By Sales Channel
       7.6.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Region
       7.6.2. Market Share Comparison, By Region
       7.6.3. Y-o-Y growth Comparison, By Region

8. North America Pallet Trucks Market Analysis, 2012-2028
8.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Country
       8.1.1. US Market Size & Forecast
       8.1.2. Canada Market Size & Forecast
8.2. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Technology
8.3. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Product Type
8.4. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Wheel Type
8.5. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Lifting Speed
8.6. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Application
8.7. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Sales Channel

9. Latin America Pallet Trucks Market Analysis, 2012-2028
9.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Country
       9.1.1. Brazil Market Size (US$ Mn), Volume (‘000 Units) & Forecast
       9.1.2. Argentina Market Size (US$ Mn), Volume (‘000 Units) & Forecast
       9.1.3. Mexico Market Size (US$ Mn), Volume (‘000 Units) & Forecast
       9.1.4. Rest of LatAm Market Size (US$ Mn), Volume (‘000 Units) & Forecast
9.2. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Technology
9.3. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Product Type
9.4. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Wheel Type
9.5. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Lifting Speed
9.6. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Application
9.7. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Sales Channel

10. Europe Pallet Trucks Market Size and Forecast, 2012-2028
10.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Country
       10.1.1. Germany Market Size (US$ Mn), Volume (‘000 Units) & Forecast
       10.1.2. U.K. Market Size (US$ Mn), Volume (‘000 Units) & Forecast
       10.1.3. Spain Market Size (US$ Mn), Volume (‘000 Units) & Forecast
       10.1.4. France Market Size (US$ Mn), Volume (‘000 Units) & Forecast
       10.1.5. Italy Market Size (US$ Mn), Volume (‘000 Units) & Forecast
       10.1.6. Rest Of Europe Market Size (US$ Mn), Volume (‘000 Units) & Forecast
10.2. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Technology type
10.3. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Product Type
10.4. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Wheel Type
10.5. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Lifting Speed
10.6. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Application
10.7. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Sales Channel

11. Japan  Pallet Trucks Market Size and Forecast, 2012-2028
11.1. Japan Market Size (US$ Mn), Volume (‘000 Units) & Forecast
11.2. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Technology type
11.3. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Product Type
11.4. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Wheel Type
11.5. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Lifting Speed
11.6. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Application
11.7. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Sales Channel

12. APEJ Pallet Trucks Market Size and Forecast, 2012-2028
12.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Country
       12.1.1. China Market Size (US$ Mn), Volume (‘000 Units) & Forecast
       12.1.2. India Market Size (US$ Mn), Volume (‘000 Units) & Forecast
       12.1.3. ASEAN Market Size (US$ Mn), Volume (‘000 Units) & Forecast
       12.1.4. Rest of APEJ Market Size (US$ Mn), Volume (‘000 Units) & Forecast
12.2. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Technology type
12.3. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Product Type
12.4. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Wheel Type
12.5. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Lifting Speed
12.6. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Application
12.7. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Sales Channel

13. MEA Pallet Trucks Market Size and Forecast, 2012-2028
13.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Country
       13.1.1. GCC Market Size (US$ Mn), Volume (‘000 Units) & Forecast
       13.1.2. South Africa Market Size (US$ Mn), Volume (‘000 Units) & Forecast
       13.1.3. Rest of MEA Market Size (US$ Mn), Volume (‘000 Units) & Forecast
13.2. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Technology type
13.3. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Product Type
13.4. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Wheel Type
13.5. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Lifting Speed
13.6. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Application
13.7. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Sales Channel

14. Competition Landscape, Company Share and Company Profiles
14.1. Company Share Analysis and Industry Structure
14.2. Competition Dashboard
14.3. Company Profiles
       14.3.1. Caterpillar Inc. (Cat Lift Trucks)
       14.3.2. KION GROUP AG
       14.3.3. Jungheinrich AG
       14.3.4. The Raymond Corporation
       14.3.5. Gruma Nutzfahrzeuge GmbH
       14.3.6. Bolzoni SpA
       14.3.7. Reed Exhibitions Limited
       14.3.8. Other Public and Private Players

15. Key Takeaways

16. Research Methodology

17. Disclaimer

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Pallet Trucks Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028