Global Pallet Trucks Market 2024-2028
The pallet trucks market is forecasted to grow by USD 1261 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the pallet trucks market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising need for pallet trucks, increasing demand for packaged food and beverages, and rising growth in e-commerce retail.
Technavio's pallet trucks market is segmented as below:
By End-user
- Automotive industry
- Food and beverages industry
- Retail industry
- Others
By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the increased r and d of new types of batteries as one of the prime reasons driving the pallet trucks market growth during the next few years. Also, rising popularity of autonomous vehicles and growing innovations in the pallet trucks market will lead to sizable demand in the market.
The report on the pallet trucks market covers the following areas:
- Pallet trucks market sizing
- Pallet trucks market forecast
- Pallet trucks market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pallet trucks market vendors that include Anhui Heli Co. Ltd., BPR Rico Equipment Inc., Crown Equipment Corp., Godrej and Boyce Manufacturing Co. Ltd., Hangcha Group Co. Ltd., Hyster Yale Materials Handling Inc., Hyundai Heavy Industries Co. Ltd., Jungheinrich Group, KION GROUP AG, Liftek FZC, Lokpal Industries, Manitou BF SA, Mazda Motor Corp., Nido Machineries Pvt. Ltd., Nilkamal Ltd., Noveltek Industrial Manufacturing Inc., Patel Material Handling Equipment, Presto Lifts Inc., Puma Lift Trucks Pvt. Ltd., and Sroka Inc.. Also, the pallet trucks market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.