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Global Pallet Trucks Market 2017-2021

Global Pallet Trucks Market 2017-2021

About Pallet Trucks

A pallet truck is a material handling tool, generally used in warehouses to lift and move pallets. Pallet trucks are the basic form of a forklift. They are designed to move the light or heavy pallets within a warehouse or factory facility. Pallet trucks are used for safe and efficient movement of goods with little effort. There are two types of pallet trucks — manual pallet trucks and electric powered pallet trucks. Manual pallet trucks have a jack that is used to move and lift the pallet truck. Electric powered pallet trucks have a motor built into it, which does the work of moving and lifting the pallet truck.

Technavio’s analysts forecast the global pallet trucks market to grow at a CAGR of 6.04% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global pallet trucks market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Pallet Trucks Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Crown
  • NOVELTEK
  • Hyster Company
  • RICO Manufacturing
  • Toyota
Other prominent vendors
  • CONHERSA
  • Douglas Equipment Company
  • Godrej Material Handling
  • Jungheinrich
  • Lokpal Industries
  • Mighty Lift
  • Ningbo Ruyi Joint Stock
  • PalletTrucksUK
  • Patel Material Handling Equipment
  • Puma Lift Trucks
  • Sroka Incorporated
  • STILL Materials Handling
  • The Raymond Corporation
  • Yale Materials Handling Corporation
Market driver
  • Rising need for pallet trucks
  • For a full, detailed list, view our report
Market challenge
  • Perceived disadvantages of electric pallet trucks
  • For a full, detailed list, view our report
Market trend
  • Increased R&D of new types of batteries
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Pallet Trucks Market 2017-2021

Technavio recognizes the following companies as the key players in the global pallet trucks market: Crown, NOVELTEK, Hyster Company, RICO Manufacturing, and Toyota.

Other Prominent Vendors in the market are: CONHERSA, Douglas Equipment Company, Godrej Material Handling, Jungheinrich, Lokpal Industries, Mighty Lift, Ningbo Ruyi Joint Stock, PalletTrucksUK, Patel Material Handling Equipment, Puma Lift Trucks, Sroka Incorporated, STILL Materials Handling, The Raymond Corporation, and Yale Materials Handling Corporation.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increased R&D of new types of batteries. The energy system plays an important role in the electric pallet trucks, where charging and maintenance along with battery change take a lot of time. However, companies are trying to find alternative battery systems that offer quick charging or refueling and energy efficiency. There is research being done on several types of batteries.”

According to the report, one of the major drivers for this market is Rising need for pallet trucks. A pallet truck is a material handling tool, widely used in the industrial sector and several supermarkets to lift and move packages. The equipment works by lifting the packages using a hydraulic system installed at the front of the jack, for elevating the package slightly above the ground to be moved. At present, companies around the world are increasingly willing to make use of modern technology and machinery, such as forklift and pallet trucks, in their workplaces to increase the productivity.

Further, the report states that one of the major factors hindering the growth of this market is Perceived disadvantages of electric pallet trucks. Though electric pallet trucks have certain advantages over the hand pallet trucks, such as it is less strenuous on the human operative, thereby reducing the chances of potential injury. However, there are certain perceived disadvantages to the electric pallet trucks.

Companies Mentioned

Crown, NOVELTEK, Hyster Company, RICO Manufacturing, Toyota, CONHERSA, Douglas Equipment Company, Godrej Material Handling, Jungheinrich, Lokpal Industries, Mighty Lift, Ningbo Ruyi Joint Stock, PalletTrucksUK, Patel Material Handling Equipment, Puma Lift Trucks, Sroka Incorporated, STILL Materials Handling, The Raymond Corporation, and Yale Materials Handling Corporation.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Parent market for the global pallet trucks 2016 (% revenue)
  • Market landscape
    • Market segmentation of global pallet trucks market
      • Table Global pallet trucks market segmentation
    • Market size and forecast
      • Table Global pallet trucks market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-users
    • Global pallet trucks market by end-users
      • Table Market share of global pallet trucks market by end-users 2016-2021 (% revenue)
      • Table Global pallet trucks market by end-users 2016-2021 ($ millions)
      • Table Growth rate of global pallet trucks market by end-users 2017-2021 (%)
    • Global pallet trucks market by automotive industry
      • Table Global pallet trucks market by automotive industry 2016-2021 ($ millions)
      • Table Expected global sales of passenger cars and commercial vehicles by volume 2016-2021 (million units)
    • Global pallet trucks market by food and beverage industry
      • Table Global pallet trucks market by food and beverage industry 2016-2021 ($ millions)
      • Table Expected sales of global beverage industry 2016-2021 ($ trillions)
    • Global warehouse racking market by retail industry
      • Table Global pallet trucks market by retail industry 2016-2021 ($ millions)
      • Table Global retail sales forecast 2016-2021 ($ trillions)
    • Global warehouse racking market by other industries
      • Table Global pallet trucks market by other industries 2016-2021 ($ millions)
      • Table Global consumer electronics sales forecast 2016-2021 ($ trillions)
  • Geographical segmentation
    • Pallet trucks market by geography
      • Table Market share of global pallet trucks market by geography 2016-2021 (% revenue)
      • Table Global pallet trucks market by geography 2016-2021 ($ millions)
      • Table Growth rate of pallet trucks market by geography 2017-2021 (%)
    • Pallet trucks market in APAC
      • Table Pallet trucks market in APAC 2016-2021 ($ millions)
      • Table Forecast of passenger car sales in APAC by volume 2016-2021 (million units)
    • Pallet trucks market in EMEA
      • Table Pallet trucks market in EMEA 2016-2021 ($ millions)
      • Table Forecast of B2C e-commerce sales in Europe 2016-2021 ($ billions)
      • Table New passenger car registrations forecast in Europe 2016-2021 (million units)
    • Pallet trucks market in Americas
      • Table Retail sales forecast in North America 2016-2021 ($ trillions)
      • Table Pallet trucks market in Americas 2016-2021 ($ millions)
  • Key leading countries
    • Table Key leading countries 2016
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Some of the advantages of the pallet trucks
      • Table Global packaged food market 2016-2021 ($ trillions)
      • Table Costco worldwide warehouses 2012-2016 (number of warehouses)
      • Table Global retail e-commerce sales forecast 2016-2021 ($ trillions)
    • Market challenges
      • Table Some of the perceived disadvantages of the electric pallets
  • Market trends
    • Increased R&D of new types of batteries
      • Table Some of the emerging technologies for powering the vehicles
    • Growing innovations in the pallet trucks market
    • Rising popularity of autonomous vehicles
  • Vendor landscape
    • Competitive scenario
      • Table Factors on the basis of which companies compete
    • Crown
      • Table Crown product offerings
    • NOVELTEK
      • Table Some of the products of the NOVELTEK
    • Hyster Company
      • Table Some of the products of Hyster company
    • RICO Manufacturing
      • Table Solutions provided by the RICO
      • Table RICO products based on engineered models
    • Toyota
      • Table Toyota company organization for material handling division
      • Table Product segmentation of TICO
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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