Pallet Trucks Market Records a CAGR of 6.57% by 2026

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NEW YORK, Sept. 26, 2022 /PRNewswire/ — Technavio has been monitoring the pallet trucks market, working below the Industrials sector. The report estimates the market to register an incremental development of USD 1.93 billion, at a CAGR of 6.57% in the course of the forecast interval. The report gives an up-to-date evaluation of the present market state of affairs, the newest traits and drivers, and the general market atmosphere. Request Latest Free sample report

The market is fragmented, and the diploma of fragmentation will speed up in the course of the forecast interval. Competitors need to concentrate on differentiating their product choices with distinctive worth propositions to strengthen their foothold out there. Market distributors additionally need to leverage the present development prospects within the fast-growing segments, whereas sustaining their positions within 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 amongst some of the main market individuals.

Increasing demand for packaged meals and drinks has been instrumental in driving the expansion of the market. However, Increased use of vertical area in warehouses would possibly hamper the market development. Buy Sample Report.

Pallet Trucks Market Segmentation

Based on geographic segmentation, 50% of the market’s originated from APAC in the course of the forecast interval. In addition, the automotive trade class led the expansion below the end-user phase. This report supplies an correct prediction of the contribution of all of the segments to the expansion of the superfood powders market measurement.

  • 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 image of the market by the best way of research, synthesis, and summation of information from a number of sources. The pallet vehicles market report covers the next areas:

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

This research identifies the elevated R&D of new sorts of batteries as one of the prime causes driving the Pallet Trucks Market development in the course of the subsequent few years. Download Free Sample Report.

Pallet Trucks Market Key Highlights

  • CAGR of the market in the course of the forecast interval
  • Detailed info on components that can help pallet vehicles market development in the course of the subsequent 5 years
  • Estimation of the pallet vehicles market measurement and its contribution to the guardian market
  • Predictions on upcoming traits and adjustments in client conduct
  • The development of the pallet vehicles market
  • Analysis of the market’s aggressive panorama and detailed info on distributors
  • Comprehensive particulars of components that can problem the expansion of the pallet vehicles market, distributors

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Pallet Trucks Market Scope

Report Coverage

Details

Page quantity

120

Base 12 months

2021

Forecast interval

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.57%

Market development 2022-2026

$ 1.93 billion

Market construction

Fragmented

YoY development (%)

5.15

Regional evaluation

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 50%

Key client nations

US, China, Japan, Germany, and UK

Competitive panorama

Leading corporations, aggressive methods, client 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 evaluation, Market development inducers and obstacles, Fast-growing and slow-growing phase evaluation, COVID-19 affect and future client dynamics, and market situation evaluation for the forecast interval.

Customization purview

If our report has not included the info that you’re on the lookout for, you possibly can attain out to our analysts and get segments custom-made.

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 distributors included out there definition
  • 3.2 Market phase evaluation 
    • Exhibit 12: Market segments
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year development 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year development 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces abstract
    • Exhibit 17: Five forces evaluation – Comparison between 2021 and 2026
  • 4.2 Bargaining energy of consumers 
    • Exhibit 18: Chart on Bargaining energy of consumers – Impact of key components 2021 and 2026
  • 4.3 Bargaining energy of suppliers 
    • Exhibit 19: Bargaining energy of suppliers – Impact of key components in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key components in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key components in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key components in 2021 and 2026
  • 4.7 Market situation
    • Exhibit 23: Chart on Market situation – 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 trade – Market measurement and forecast 2021-2026 
    • Exhibit 28: Chart on Automotive trade – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Automotive trade – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Automotive trade – Year-over-year development 2021-2026 (%)
    • Exhibit 31: Data Table on Automotive trade – Year-over-year development 2021-2026 (%)
  • 5.4 Food and drinks trade – Market measurement and forecast 2021-2026 
    • Exhibit 32: Chart on Food and drinks trade – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Food and drinks trade – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Food and drinks trade – Year-over-year development 2021-2026 (%)
    • Exhibit 35: Data Table on Food and drinks trade – Year-over-year development 2021-2026 (%)
  • 5.5 Retail trade – Market measurement and forecast 2021-2026 
    • Exhibit 36: Chart on Retail trade – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Retail trade – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Retail trade – Year-over-year development 2021-2026 (%)
    • Exhibit 39: Data Table on Retail trade – Year-over-year development 2021-2026 (%)
  • 5.6 Other industries – Market measurement and forecast 2021-2026 
    • Exhibit 40: Chart on Other industries – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Other industries – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Other industries – Year-over-year development 2021-2026 (%)
    • Exhibit 43: Data Table on Other industries – Year-over-year development 2021-2026 (%)
  • 5.7 Market alternative by End-user 
    • Exhibit 44: Market alternative by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer panorama overview 
    • Exhibit 45: Analysis of worth sensitivity, lifecycle, buyer buy basket, adoption charges, and buy standards

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 comparability 
    • Exhibit 48: Chart on Geographic comparability
    • Exhibit 49: Data Table on Geographic comparability
  • 7.3 APAC – Market measurement and forecast 2021-2026 
    • Exhibit 50: Chart on APAC – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC – Year-over-year development 2021-2026 (%)
    • Exhibit 53: Data Table on APAC – Year-over-year development 2021-2026 (%)
  • 7.4 Europe – Market measurement and forecast 2021-2026 
    • Exhibit 54: Chart on Europe – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Europe – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Europe – Year-over-year development 2021-2026 (%)
    • Exhibit 57: Data Table on Europe – Year-over-year development 2021-2026 (%)
  • 7.5 North America – Market measurement and forecast 2021-2026 
    • Exhibit 58: Chart on North America – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on North America – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on North America – Year-over-year development 2021-2026 (%)
    • Exhibit 61: Data Table on North America – Year-over-year development 2021-2026 (%)
  • 7.6 South America – Market measurement and forecast 2021-2026 
    • Exhibit 62: Chart on South America – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on South America – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on South America – Year-over-year development 2021-2026 (%)
    • Exhibit 65: Data Table on South America – Year-over-year development 2021-2026 (%)
  • 7.7 Middle East and Africa – Market measurement and forecast 2021-2026 
    • Exhibit 66: Chart on Middle East and Africa – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Middle East and Africa – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Middle East and Africa – Year-over-year development 2021-2026 (%)
    • Exhibit 69: Data Table on Middle East and Africa – Year-over-year development 2021-2026 (%)
  • 7.8 China – Market measurement and forecast 2021-2026 
    • Exhibit 70: Chart on China – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on China – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on China – Year-over-year development 2021-2026 (%)
    • Exhibit 73: Data Table on China – Year-over-year development 2021-2026 (%)
  • 7.9 US – Market measurement and forecast 2021-2026 
    • Exhibit 74: Chart on US – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on US – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on US – Year-over-year development 2021-2026 (%)
    • Exhibit 77: Data Table on US – Year-over-year development 2021-2026 (%)
  • 7.10 Germany – Market measurement and forecast 2021-2026 
    • Exhibit 78: Chart on Germany – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Germany – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Germany – Year-over-year development 2021-2026 (%)
    • Exhibit 81: Data Table on Germany – Year-over-year development 2021-2026 (%)
  • 7.11 Japan – Market measurement and forecast 2021-2026 
    • Exhibit 82: Chart on Japan – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Japan – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Japan – Year-over-year development 2021-2026 (%)
    • Exhibit 85: Data Table on Japan – Year-over-year development 2021-2026 (%)
  • 7.12 UK – Market measurement and forecast 2021-2026 
    • Exhibit 86: Chart on UK – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on UK – Market measurement and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on UK – Year-over-year development 2021-2026 (%)
    • Exhibit 89: Data Table on UK – Year-over-year development 2021-2026 (%)
  • 7.13 Market alternative by geography 
    • Exhibit 90: Market alternative by geography ($ million)

8 Drivers, Challenges, and Trends

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

9 Vendor Landscape

  • 9.2 Vendor panorama
    • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 93: Overview on components of disruption
  • 9.4 Industry dangers
    • Exhibit 94: Impact of key dangers on business

10 Vendor Analysis

  • 10.1 Vendors coated
    • Exhibit 95: Vendors coated
  • 10.2 Market positioning of distributors 
    • Exhibit 96: Matrix on vendor place 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 choices
  • 10.4 Crown Equipment Corp. 
    • Exhibit 100: Crown Equipment Corp. – Overview
    • Exhibit 101: Crown Equipment Corp. – Product / Service
    • Exhibit 102: Crown Equipment Corp. – Key choices
  • 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 choices
    • 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 choices
    • 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 choices
  • 10.8 Jungheinrich AG
    • Exhibit 114: Jungheinrich AG – Overview
    • Exhibit 115: Jungheinrich AG – Business segments
    • Exhibit 116: Jungheinrich AG – Key choices
    • 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 information
    • Exhibit 121: KION GROUP AG – Key choices
    • 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 choices
    • 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 choices
  • 10.12 Presto Lifts Inc.
    • Exhibit 130: Presto Lifts Inc. – Overview
    • Exhibit 131: Presto Lifts Inc. – Product / Service
    • Exhibit 132: Presto Lifts Inc. – Key choices

11 Appendix

  • 11.2 Inclusions and exclusions guidelines 
    • Exhibit 133: Inclusions guidelines
    • Exhibit 134: Exclusions guidelines
  • 11.3 Currency conversion charges for US$ 
    • Exhibit 135: Currency conversion charges for US$
  • 11.4 Research methodology
    • Exhibit 136: Research methodology
    • Exhibit 137: Validation strategies employed for market sizing
    • Exhibit 138: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 139: List of abbreviations
  • in manufacturing trade: Market dynamics in some main processes and discrete industries are altering drastically, and producers are steadily feeling the brunt of extreme demand fluctuations. The fluctuating costs of oil and gasoline and metals within the world market and the scarcity of a expert workforce worldwide have immediately affected the profitability of manufacturing corporations. A sudden and surprising shift in market dynamics can drastically affect manufacturing processes and investments in capital items.
  • slowdown within the automotive trade: High motorization charges in North America and Europe, the rise in tariffs on imported autos within the US and China, and the worldwide financial slowdown are more likely to scale back automobile gross sales within the coming years. Anticipating a decline in automobile gross sales, a number of automobile producers are halting their automobile manufacturing. For occasion, in March 2019, Ford introduced the shutdown of its three vehicle-manufacturing websites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped automobile manufacturing at its manufacturing items in India for 8-14 days. During the identical month, Maruti Suzuki introduced that it had lower its automobile manufacturing for the sixth consecutive month in 2019. In August 2019, Honda introduced a halt in automotive manufacturing at its Argentina-based manufacturing vegetation. Such a slowdown within the automotive trade is anticipated to hamper the expansion of the market in the course of the forecast interval.

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Technavio is a main world know-how analysis and advisory firm. Their analysis and evaluation concentrate on rising market traits and supplies actionable insights to assist companies establish market alternatives and develop efficient methods to optimize their market positions. With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 experiences and counting, overlaying 800 applied sciences, spanning throughout 50 nations. Their shopper base consists of enterprises of all sizes, together with greater than 100 Fortune 500 corporations. This rising shopper base depends on Technavio’s complete protection, in depth analysis, and actionable market insights to establish alternatives in present and potential markets and assess their aggressive positions inside altering market situations.

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Website: www.technavio.com/

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