Farmington, March 13, 2023 (GLOBE NEWSWIRE) -- The Global Pallet Truck Market Is Expected to Reach USD 38.5 Billion by 2022. With a CAGR of 7.5%, It Is Expected To Reach USD 79.8 Billion by 2032. Pallet trucks are a type of equipment that is used in factories and other places where equipment is run. A pallet truck is needed to make the machine easy to use and move. Used for moving and moving things around. In industrial settings, these machines are used because they can move and handle heavier loads than a person can. Pallet trucks are used to move things that operators can't carry by hand. It makes sure that production goes more quickly and efficiently. Pallet trucks can be used to move and move around materials in both industrial settings and warehouses. How much people need pallet trucks depends on how fast the warehouse and manufacturing industries grow. Pallet trucks give the machine operator more time to do other things, which leads to a high level of productivity and, in the end, more productivity.
Request Sample Copy of Report “Pallet Trucks Market Size, Share & Trends Estimation Report By Control (Manual, Semi-Electric, Electric, Diesel, Compressed Natural Gas (CNG), Others), By Product Type (Standard, Quarter, Silent, Weighing, Scissor), By Load Capacity (Below 2000 Kg, 2000 – 4000 Kg, 4000 – 6000 Kg, Above 6000 Kg), End-Use Industry (Food & Beverages, Retail stores, Wholesale Distributions, Freight and Logistics, Manufacturing, Others), By Region, And Segment Forecasts, 2023 - 2030”, published by Contrive Datum Insights.
Industry Developments:
- In May 2019, Raymond Corporation launched the Automated Lift Truck Stacker, a Raymond Courier 3030 stacker that utilizes automated hauler technology to independently move around a warehouse to lift and store pallets. These developments will be heavily influenced by the demand for pallet trucks in the near future.
Market Dynamics:
Drivers:
In the e-commerce and retail industries, there is a growing need for efficient ways to move and handle goods.
The manufacturing industry is using more pallet trucks to make it more efficient and productive.
Technology improvements and new ideas made it possible for pallet trucks to be smart and do things on their own.
Logistics and storage businesses are growing, especially in countries where the economy is still growing.
Safety and comfort at work are becoming more important, which is why electric and ergonomic pallet trucks are used.
Restraints:
High-tech pallet trucks are also very expensive to fix or fix up.
People who know how to use and handle advanced pallet trucks are hard to find.
There are a lot of rules about how to make and use pallet trucks. This makes them more expensive and makes it more important to follow the rules.
People want to find ways to power pallet trucks other than with batteries because they are bad for the environment.
Challenges:
There is a lot of competition on the market, which causes price wars and makes it harder for businesses to make money.
The cost of making pallet trucks and how much they cost depends on how much the raw materials cost.
Uncertainty about global trade policies and the economy, which causes changes in supply and demand.
There aren't any standards for or compatibility between the different kinds of pallet trucks, which causes problems in supply chains.
Regional Outlook:
By 2021, 86.9% of all sales of pallet trucks in North America came from the U.S., and sales are expected to grow at a CAGR of 7.2% through 2032. The food and beverage and wholesale distribution industries in the U.S. are growing. During the assessment period, demand in the country is expected to grow at a fairly fast rate. For better storage, the food and drink industry in the United States is using more and more high-tech material handling equipment. So, pallet trucks are likely to become more popular in the country because food and drinks need to be moved and stored quickly, safely, and cheaply.
Buy this Premium Research Report@
https://www.contrivedatuminsights.com/buy/112048
Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 7.5% from 2023 to 2030. |
| Revenue Forecast by 2032 | USD 79.8 Billion |
| By Control | Manual, Semi-Electric, Electric, Diesel, Compressed Natural Gas (CNG), Others |
| By Product Type | Standard, Quarter, Silent, Weighing, Scissor, Others |
| By Load Capacity | Below 2000 Kg, 2000 – 4000 Kg, 4000 – 6000 Kg, Above 6000 Kg, Other |
| By End-Use Industry | Food & Beverages, Retail stores, Wholesale Distributions, Freight and Logistics, Manufacturing, Other |
| By Companies | Toyota Industries, NIULI MACHINER, STILL, Hyster Company, Ningbo Ruyi, Jungheinrich, Uline, Noblelift, Crown, PR Industrial, TVH Group, Noveltek, Godrej MaterialHandling, RICoManufacturing |
| Regions and Countries Covered |
|
| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Key Segments Covered:
Top Market Players:
Toyota Industries, NIULI MACHINER, STILL, Hyster Company, Ningbo Ruyi, Jungheinrich, Uline, Noblelift, Crown, PR Industrial, TVH Group, Noveltek, Godrej MaterialHandling, RICoManufacturing, and others.
By Control
- Manual
- Semi-Electric
- Electric
- Diesel
- Compressed Natural Gas (CNG)
- Others
By Product Type
- Standard
- Quarter
- Silent
- Weighing
- Scissor
- Others
By Load Capacity
- Below 2000 Kg
- 2000 – 4000 Kg
- 4000 – 6000 Kg
- Above 6000 Kg
- Others
By End-Use Industry
- Food & Beverages
- Retail stores
- Wholesale Distributions
- Freight and Logistics
- Manufacturing
- Others
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
Check out more related studies published by Contrive Datum Insights:
- Construction Robot Market - The Global Construction Robot Market size was valued at USD 0.69 Billion in 2022 and is projected to reach USD 2.59 Billion by 2030, growing at a CAGR of 15.32% from 2023 to 2030.
- Cryogenic Pump Market - The Global Cryogenic Pump Market Size Was USD 3.41 Billion In 2021. The Market Is Projected To Grow From USD 3.62 Billion In 2022 To USD 6.64 Billion In 2030, at a CAGR of 9.06% During The Forecast Period.
- Self-Aligning Ball Bearings Market - The Global Self-Aligning Ball Bearings Market Is Expected To Grow At A CAGR Of 5.6% During The Forecast Period 2023-2030.
Customization of the Report: The report can be customized as per client needs or requirements.For any queries, you can contact us on anna@contrivedatuminsights.com or +1 215-297-4078. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
About Us:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.
Social: Facebook / LinkedIn / Twitter
Contact Us:
Anna B. | Head Of Sales
Contrive Datum Insights
Phone: +91 9834816757 | +1 2152974078
Email: anna@contrivedatuminsights.com
Website:
https://www.contrivedatuminsights.com
Contrive Datum Insights Press Releases
Latest Contrive Datum Insights Latest Reports
