The global pallet trucks market is estimated to cross US$ 57 Bn at an impressive CAGR of 6.9% over the course of forecast duration (2019-2028).
Internet, e-commerce and mobile communication are driving a revolution in the retail sector which, as a result, is changing the dynamics of warehousing and material handling, fueling the pallet truck demand.
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The e-commerce boom is reshaping the entire supply chain, creating an upsurge in the production of pallet trucks. In addition, the adoption of electric vehicle technology in the material handling sector is foreseen to stimulate latent growth opportunities in the global pallet trucks market.
Key Takeaways of the Global Pallet trucks Market
• Electric and compressed natural gas based pallet trucks account for over 73% of the overall absolute dollar opportunity in global pallet trucks market by the end of the forecast period
• Collectively, Quarter and silent pallet trucks types are anticipated to hold ~35% in the overall incremental value opportunity over the projection period.
• Standard pallet trucks account for ~61% of the overall market share due to its Benefits such as high quality components and higher efficiency. This segment is estimated to register significant growth throughout the forecast duration.
• Wholesale distribution and logistics are the key sectors giving an uptick to pallet trucks demand, owing to which these segments are estimated to account for over 44% of value share in the overall market.
• South East Asia & Pacific are foreseen to expand ~2X by the end of the forecast period
“The Adoption of Electric Vehicle (EV) Technology in the Freight Sector is Foreseen to Open New Growth Avenues for Pallet Trucks Manufacturers”, says a Fact.MR analyst.
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Prominent Key Players Of The Pallet Trucks Market Survey Report:
• Toyota Industries Corporation
• Kion Group
• Mitsubishi Logisnext
• Jungheinrich AG
• Crown Equipment Corporation
• Hyster Company
• Goscor Lift Trucks
• Hyundai Heavy Industries
• Linde Material Handling
• Thermote & Vanhalst Group
The report covers following Pallet Trucks Market insights and assessment that are helpful for all participants involved in the Pallet Trucks market:
• Data on recently introduced regulations and their impact on key industries and on demand in Pallet Trucks
• Latest industry Analysis on Pallet Trucks Market, with key analysis of market drivers, trends, and influencing factors
• Key trends Analysis of Pallet Trucks Market and changing consumer preferences in major industries.
• Changing Pallet Trucks demand and consumption of diverse products
• Major trends underlining funding by key investors in numerous countries
• New investment opportunities in diverse technology and product or service types
• Comprehensive data and Competitive analysis of Pallet Trucks major players
• Pallet Trucks Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
• Pallet Trucks demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
Questionnaire answered in the Pallet Trucks Market report include:
• How the market for Pallet Trucks has grown?
• What is the present and future outlook of the global Pallet Trucks on the basis of region?
• What are the challenges and opportunities for the Pallet Trucks?
• Why the consumption of Pallet Trucks highest in region?
• In which year segment is expected to overtake segment?
For More Insights:
What makes Fact.MR report stand out from others?
• Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Pallet Trucks market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Pallet Trucks market, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Pallet Trucks market and assists to create strategies to overcome the obstacles that may hinder the growth of the Pallet Trucks market.
• Leverage: The Pallet Trucks market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Pallet Trucks market.
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Key Segments of the Pallet trucks Market
Control Type
• Manual
• Semi Electric
• Electric
• Diesel
• Compressed Natural Gas (CNG)
• Others
Product Type
• Standard
• Quarter
• Silent
• Weighing
• Scissor
Load Capacity
• Below 2000 KG
• 2000-4000 KG
• 4000-6000 KG
• Above 6000 KG
Table of Content
• 1. Global Pallet Trucks Market – Executive Summary
• 1.1. Global Market Overview
• 1.2. Global Pallet Trucks Market Analysis
• 1.3. Fact.MR Analysis and Recommendation
• 2. Global Pallet Trucks Market Overview
• 2.1. Market Definition
• 2.2. Market Taxonomy
• 3. Market Background
• 3.1. Macro-Economic Factors
• 3.2. Opportunity Analysis
• 3.3. Global Economic Outlook
• 3.4. Market Dynamics
• 3.4.1. Drivers
• 3.4.2. Restraints
Contd….
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