Global Pallet Trucks Market 2025-2029

Pallet Trucks Market 2025-2029

The pallet trucks market is forecasted to grow by USD 1359.9 mn during 2024-2029, accelerating at a CAGR of 4.6% 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.

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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's pallet trucks market is segmented as below:

By End-user

• Automotive industry
• Food and beverages industry
• Retail industry
• Others

By Product Type

• Standard
• Quarter
• Silent
• Weighing
• Scissor

By Capacity

• 2000 to 4000 Kg
• Below 2000 Kg
• 4000 to 6000 Kg
• Above 6000 Kg

By Geographical Landscape

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

This study identifies the increased research and development 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 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, 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 The Raymond Corp.. 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 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 primary and secondary research. 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 accurate market growth. Show more