Pallet Trucks Market Records a CAGR of 6.57% by 2026 - Technavio

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Sep 26, 2022, 21:45 ET

NEW YORK, Sept. 26, 2022 /PRNewswire/ -- Technavio has been monitoring the pallet trucks market, operating under the Industrials sector. The report estimates the market to register an incremental growth of USD 1.93 billion, at a CAGR of 6.57% during the forecast period. The report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Request Latest Free sample report.

Technavio has announced its latest market research report titled Global Pallet Trucks Market 2022-2026

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Anhui Heli Co. Ltd., BPR Rico Equipment Inc., Crown Equipment Corp., Hangcha Group Co. Ltd., Hyster Yale Materials Handling Inc., Hyundai Heavy Industries Co. Ltd., Jungheinrich AG, 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., and Godrej and Boyce Manufacturing Co. Ltd. are among some of the major market participants.

Increasing demand for packaged food and beverages has been instrumental in driving the growth of the market. However, Increased use of vertical space in warehouses might hamper the market growth. Buy Sample Report.

Pallet Trucks Market Segmentation

Based on geographic segmentation, 50% of the market's originated from APAC during the forecast period. In addition, the automotive industry category led the growth under the end-user segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the superfood powders market size.

End-user

Automotive Industry
Food And Beverages Industry
Retail Industry
Other Industries

Geography

APAC
Europe
North America
South America
The Middle East And Africa

Pallet Trucks Market Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The pallet trucks market report covers the following areas:

Pallet Trucks Market Size
Pallet Trucks Market Trends
Pallet Trucks Market Industry Analysis

This study identifies the increased R&D of new types of batteries as one of the prime reasons driving the Pallet Trucks Market growth during the next few years. Download Free Sample Report.

Pallet Trucks Market Key Highlights

CAGR of the market during the forecast period
Detailed information on factors that will assist pallet trucks market growth during the next five years
Estimation of the pallet trucks market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the pallet trucks market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of the pallet trucks market, vendors

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Pallet Trucks Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.57%
Market growth 2022-2026	$ 1.93 billion
Market structure	Fragmented
YoY growth (%)	5.15
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 50%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Anhui Heli Co. Ltd., BPR Rico Equipment Inc., Crown Equipment Corp., Hangcha Group Co. Ltd., Hyster Yale Materials Handling Inc., Hyundai Heavy Industries Co. Ltd., Jungheinrich AG, 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., Sroka Inc., and Godrej and Boyce Manufacturing Co. Ltd.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio "Industrials" Research Reports

Table of Contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments

Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user

Exhibit 26: Chart on Comparison by End-user
Exhibit 27: Data Table on Comparison by End-user

5.3 Automotive industry - Market size and forecast 2021-2026

Exhibit 28: Chart on Automotive industry - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Automotive industry - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Automotive industry - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Automotive industry - Year-over-year growth 2021-2026 (%)

5.4 Food and beverages industry - Market size and forecast 2021-2026

Exhibit 32: Chart on Food and beverages industry - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Food and beverages industry - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Food and beverages industry - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Food and beverages industry - Year-over-year growth 2021-2026 (%)

5.5 Retail industry - Market size and forecast 2021-2026

Exhibit 36: Chart on Retail industry - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Retail industry - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Retail industry - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Retail industry - Year-over-year growth 2021-2026 (%)

5.6 Other industries - Market size and forecast 2021-2026

Exhibit 40: Chart on Other industries - Market size and forecast 2021-2026 ($ million)
Exhibit 41: Data Table on Other industries - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Chart on Other industries - Year-over-year growth 2021-2026 (%)
Exhibit 43: Data Table on Other industries - Year-over-year growth 2021-2026 (%)

5.7 Market opportunity by End-user

Exhibit 44: Market opportunity by End-user ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 46: Chart on Market share by geography 2021-2026 (%)
Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 48: Chart on Geographic comparison
Exhibit 49: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026

Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026

Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026

Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 China - Market size and forecast 2021-2026

Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

7.9 US - Market size and forecast 2021-2026

Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026

Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 Japan - Market size and forecast 2021-2026

Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.12 UK - Market size and forecast 2021-2026

Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 91: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 93: Overview on factors of disruption

9.4 Industry risks

Exhibit 94: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 95: Vendors covered

10.2 Market positioning of vendors

Exhibit 96: Matrix on vendor position and classification

10.3 Anhui Heli Co. Ltd.

Exhibit 97: Anhui Heli Co. Ltd. - Overview
Exhibit 98: Anhui Heli Co. Ltd. - Product / Service
Exhibit 99: Anhui Heli Co. Ltd. - Key offerings

10.4 Crown Equipment Corp.

Exhibit 100: Crown Equipment Corp. - Overview
Exhibit 101: Crown Equipment Corp. - Product / Service
Exhibit 102: Crown Equipment Corp. - Key offerings

10.5 Godrej and Boyce Manufacturing Co. Ltd.

Exhibit 103: Godrej and Boyce Manufacturing Co. Ltd. - Overview
Exhibit 104: Godrej and Boyce Manufacturing Co. Ltd. - Business segments
Exhibit 105: Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
Exhibit 106: Godrej and Boyce Manufacturing Co. Ltd. - Segment focus

10.6 Hyster Yale Materials Handling Inc.

Exhibit 107: Hyster Yale Materials Handling Inc. - Overview
Exhibit 108: Hyster Yale Materials Handling Inc. - Business segments
Exhibit 109: Hyster Yale Materials Handling Inc. - Key offerings
Exhibit 110: Hyster Yale Materials Handling Inc. - Segment focus

10.7 Hyundai Heavy Industries Co. Ltd.

Exhibit 111: Hyundai Heavy Industries Co. Ltd. - Overview
Exhibit 112: Hyundai Heavy Industries Co. Ltd. - Product / Service
Exhibit 113: Hyundai Heavy Industries Co. Ltd. - Key offerings

10.8 Jungheinrich AG

Exhibit 114: Jungheinrich AG - Overview
Exhibit 115: Jungheinrich AG - Business segments
Exhibit 116: Jungheinrich AG - Key offerings
Exhibit 117: Jungheinrich AG - Segment focus

10.9 KION GROUP AG

Exhibit 118: KION GROUP AG - Overview
Exhibit 119: KION GROUP AG - Business segments
Exhibit 120: KION GROUP AG - Key news
Exhibit 121: KION GROUP AG - Key offerings
Exhibit 122: KION GROUP AG - Segment focus

10.10 Mazda Motor Corp

Exhibit 123: Mazda Motor Corp - Overview
Exhibit 124: Mazda Motor Corp - Business segments
Exhibit 125: Mazda Motor Corp - Key offerings
Exhibit 126: Mazda Motor Corp - Segment focus

10.11 Noveltek Industrial Manufacturing Inc.

Exhibit 127: Noveltek Industrial Manufacturing Inc. - Overview
Exhibit 128: Noveltek Industrial Manufacturing Inc. - Product / Service
Exhibit 129: Noveltek Industrial Manufacturing Inc. - Key offerings

10.12 Presto Lifts Inc.

Exhibit 130: Presto Lifts Inc. - Overview
Exhibit 131: Presto Lifts Inc. - Product / Service
Exhibit 132: Presto Lifts Inc. - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 133: Inclusions checklist
Exhibit 134: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 135: Currency conversion rates for US$

11.4 Research methodology

Exhibit 136: Research methodology
Exhibit 137: Validation techniques employed for market sizing
Exhibit 138: Information sources

11.5 List of abbreviations

Exhibit 139: List of abbreviations

in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.

slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

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