The pallet jack market refers to the market for material handling equipment used for moving pallets within a warehouse or distribution center. Pallet jacks, also known as hand pallet trucks, are manually operated and designed for short-distance transportation of heavy loads. They are commonly used in industrial, retail, and logistics settings. The market for pallet jacks has seen growth due to the increasing demand for efficient material handling solutions in the logistics and warehousing industries.
Due to delays in routine business operations and a reduction in the availability of raw materials, the global COVID-19 pandemic has severely hampered output and growth in a number of industries. The study provides useful and practical Pallet Jack market information. The most recent research from Fact.MR includes historical market data and industry forecasting along with information on the market’s current state in several countries. The research also provides data on Pallet Jack Market sales and demand in various industries and regions.
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Key Segments of Pallet Jack Market
Product
- Manual Pallet Jacks
- Powered Pallet Jacks
Capacity
- 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
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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Key Takeaways from Global Pallet Jack Market Study
- The powered pallet jacks segment is expected to account for more than 60% of total pallet jack sales in 2020.
- There will be close competition in end-use segments between the automotive and pharmaceutical sectors for pallet jack sales over the forecast period.
- The below 2.5 tons segment leads the pallet jack market, and will gain 180 BPS in its market share by the end of 2030.
- Europe is foreseen to remain a prominent region, accounting for more than 40% of the global share in the pallet jack market.
Key Players
Some of the major companies identified in the global electric pallet jack market are:
- Jungheinrich AG
- The Raymond Corporation
- Hyster-Yale Group, Inc.
- METTLER TOLEDO
- Douglas Equipment Company
- Godrej Material Handling
- STILL Materials Handling
- Sroka Incorporated
- Toyota Industries North America, Inc.
- Puma Lift Trucks
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Report benefits & key questions answered
- Post covid consumer spending on Pallet Jack: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
- Pallet Jack demand outlook: the market intelligence study reports highlights the factor propelling the demand for Pallet Jack. As per the study, the demand for Pallet Jack will grow through 2029.
- Pallet Jack historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2019-2029.
- Pallet Jack consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.
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