Global Pallet Trucks Market Segments 2024, Forecast To 2033
5 Mar, 2024
The pallet trucks market exhibited strong growth, rising from $38.36 billion in 2023 to $41.44 billion in 2024, reflecting an 8.0% CAGR. Historical growth was driven by automation trends, focus on safety and ergonomics, sustainability initiatives, and the rise in e-commerce activities. The forecast for 2028 anticipates a market of $56.7 billion, sustaining robust growth with an 8.2% CAGR, attributed to a shift towards compact and versatile solutions, efficiency and productivity enhancement, market penetration in emerging economies, and customization and specialized solutions.
Global Pallet Trucks Market Key Driver
The pallet truck market is propelled by the growing e-commerce usage globally. In the third quarter of 2022, total retail e-commerce sales reached $1,792.0 billion, constituting 14.8% of total sales. Pallet trucks play a crucial role in the e-commerce supply chain, contributing to the market's growth.
Get A Free Sample Of The Global Pallet Trucks Market ReportGlobal Pallet Trucks Market Segments
The pallet trucks market covered in this report is segmented –
1) By Product Type: Standard, Quarter, Silent, Weighing, Scissor
2) By Load Capacity: Below 2000 Kg, 2000 – 4000 Kg, 4000 – 6000 Kg, Above 6000 Kg
3) By Control: Manual, Semi-Electric, Electric, Diesel, Compressed Natural Gas (CNG)
4) By End Use Industry: Food And Beverages, Retail Stores, Wholesale Distributions, Freight And Logistics, Manufacturing, Other End Use Industries
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North Americawas the largest region in the pallet trucks market in 2023. The regions covered in the pallet trucks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Pallet Trucks Industry Players
Jungheinrich AG; Crown Equipment Corporation; Hyster-Yale Materials Handling Inc.; Kion Group AG; Toyota Industries Corporation; Hyundai Heavy Industries Co. Ltd.; Godrej & Boyce Mfg. Co. Ltd.; Nilkamal Limited; PR Industrial S.R.L.; Presto Lifts Inc.; Noveltek Industrial Manufacturing Inc.; Mitsubishi Logisnext Co. Ltd.; Goscor Lift Truck Company (Pty) Ltd.; STILL GmbH; Noblelift Intelligent Equipment Co. Ltd.; Ningbo Ruyi Joint Stock Co. Ltd.; Niuli Machinery Manufacture Co. Ltd.; TVH Group NV; RICO Manufacturing Inc.; Nido Machineries Pvt. Ltd.; Patel Material Handling Private Limited; Puma Lift Trucks Pvt. Ltd.; Bishamon Industries Corporation; CML Movimentazione SRL; Columbus McKinnon Industrial Products GmbH.; EP Equipment Co. Ltd.; Hinowa S.p.A.; HYTSU GROUP; I-lift Equipment Ltd.; Komatsu Ltd.; Linde Material Handling GmbH; Manitou Group
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AIOps Pallet Trucks Market Overview
A pallet truck refers to a tool or a wheeled trolley specially designed to lift and transport pallets. A pallet truck is used in industrial material handling and movement procedures, mostly for transporting goods within the warehouse.
Pallet Trucks Global Market Report 2023 provides data on the global pallet trucks market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The pallet trucks market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.