Pallet Trucks Market

Pallet Trucks Market: Electric Pallet Trucks to Gain Traction over the Forecast Period: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028

2018-07-24
REP-GB-3458
331 pages

An Incisive, In-depth Analysis on the Pallet Trucks Market

This study offers a comprehensive, 360 degree analysis on the Pallet Trucks market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Pallet Trucks market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Pallet Trucks, as considered under the scope of the report, are used in warehouses for effective storage and supply of consumer goods.

The global Pallet Trucks market is estimated to be valued at US$ 29,734.6 Mn by 2018 end and is expected to expand in the coming years at a CAGR of 6.8% in terms of volume over the forecast period. The global Pallet Trucks market is anticipated to represent a huge incremental opportunity between 2018 and 2028. In terms of volume, the global Pallet Trucks market is estimated to exhibit attractive growth rate over the forecast period.

E-Commerce warehousing demand to drive market growth

On the basis of end use, the global Pallet Trucks market can be segmented into food & beverage, retail stores, wholesale distribution, freight & logistics and manufacturing and others. The wholesale distribution segment is expected to account for a sizable share of the overall Pallet Trucks market by the end of forecast period. Growth of the Pallet Trucks market is predominantly driven by the development of large-scale industrial projects in developing economies of South East Asia Pacific, Middle East & Africa, India and China. The companies involved in the supply chain services are focusing on the development of big storage facilities and enhancing logistics capabilities. Attributing to growth in the living standards of people, there has been a rise in the demand for wholesale distribution of consumer products in the Asia Pacific region. This is expected to drive the demand for warehousing, which in turn, will drive the global Pallet Trucks market in the coming years. The growth of new sales channels is expected to create revenue generation opportunities for the growth of the Pallet Trucks market in these regions. Industrial markets are witnessing huge demand for warehousing operations due to the growing consumer demand. As a result, the requirement of material handling equipment and storage as well as efficient supply will create demand for Pallet Trucks. Adding to this, growth in sectors such as retail, FMCG (Fast Moving Consumer Goods) and pharmaceutical industries will boost the Pallet Trucks demand, especially in developing parts of the globe.

China, India and SEAP to register relatively high value and volume CAGR among all regions

The China Pallet Trucks market holds a major value share in the global market and is likely maintain its dominance in the global Pallet Trucks market over the forecast period. The market in the region is projected to represent a significant incremental opportunity between 2018 and 2028. The steady growth in the developing countries economy and globalization will create positive impact over Pallet trucks demand required for increasing demand of end use products. Moreover, the increasing effort from the end users to efficiently utilize supply chain will create demand for Pallet Trucks to handle large number of transaction expected to further increase in the coming years as well. The warehouses owned by the companies will be shifting towards mechanization through Pallet trucks and integrate with warehouse management systems to handle complex environments of future. FMI anticipate that massive amount in the developing countries will be invested in warehousing needs in the coming years ultimately driving demand for Pallet trucks. China is expected to create attractive opportunities for the Pallet Trucks manufacturers followed by countries located in the South East Asia & Pacific and India. The SEAP and India Pallet Trucks market is estimated to expand at a significant CAGR in terms of value and volume over the forecast period. Sales of Pallet Trucks in Western Europe is projected to represent a total incremental opportunity of US$ 5,483.9 Mn between 2018 and 2026, while the Eastern Europe Pallet Trucks market is also anticipated to witness significant growth.

Market Participants of the Global Pallet Trucks Market

Examples of some of the market participants in this study of global Pallet Trucks market include Toyota Industries, KION Group, Jungheingrich, Goscor Lift Trucks, Hyster Company, Hyundai Heavy Industries, Liftek FZC, Linde Material Handling, Thermote & Vanhalst Group, Nido Machineries Pvt Ltd, Nilkamal Limited, Pr Industrial S.r.l., Presto Lifts Inc. and others.

FMI provides an exclusive analysis of “Global Pallet Trucks Market”. The main objective of this report is to provide detailed analysis and point out key growth areas in the Pallet trucks market. The report shares exhaustive analysis of the global Pallet trucks market in terms of market volume (‘000 Units) & value (US$ Mn) and year-wise (Y-o-Y) growth in sales of Pallet trucks according to control, type, load capacity and end use. The report also provides qualitative analysis in the form of factors analysis such as drivers, trends, restraints, and their impact on the Pallet Trucks market dynamics. The report is segmented into five sections viz. by control, by type, by load capacity, by end use industry and by region, to offer insights on the global Pallet Trucks market.

Report Description

The report on global pallet trucks market starts includes executive summary followed by the market introduction to provide detailed information on the market. This is followed by the market background that includes value chain analysis and forecast factors impact analysis. The report then lays out market analysis on the basis of segment mentioned below and presents a forecast for the period of 2018 – 2028.

On the basis of control, the global Pallet Trucks market is segmented into,

Manual
Semi Electric
Electric
Diesel
Compressed Natural Gas (CNG)
Others

On the basis of type, the global Pallet Trucks market is segmented into,

Standard
Quarter
Silent
Weighing
Scissor

On the basis of load capacity, the global Pallet Trucks market is segmented into,

Below 2000 KG
2000-4000 KG
4000-6000 KG
Above 6000 KG

The fourth section includes the analysis of the Pallet Trucks market on the basis of end use and it is segmented as,

Food & Beverage
Retail Stores
Wholesale Distribution
Freight & Logistics
Manufacturing
Others

The following section, i.e. by region, includes the analysis of the global Pallet Trucks market on the basis of seven regions: North America, Latin America, South East Asia & Pacific, China, India, Japan, Western Europe, Eastern Europe and Middle East and Africa.

The last section of the report includes a competitive landscape, which includes market share analysis and provides information and analysis of companies based on the categories of manufactures across the value chain and their presence in the global pallet trucks market. Some of the market players included in this section are Toyota Industries, KION Group, Jungheingrich AG, Goscor Lift Trucks, Hyster Company, Hyundai Heavy Industries, Liftek FZC, Linde Material Handling, Thermote & Vanhalst Group, Nido Machineries Pvt Ltd, Nilkamal Limited, Pr Industrial S.r.l., Presto Lifts Inc. and others.

Research Methodology

FMI conducts exploratory research at granular market level to arrive at concrete Pallet Trucks market segmentation. An initial study is conducted to identify the Pallet Trucks market structure and demand pattern of the Pallet Trucks by the segments (i.e. by Control, by Type, by Load Capacity and by End Use in each prominent region of the globe. This study involve data mining via primary interviews with experts representing Pallet Trucks manufacturers, dealers and end user industries. Data from secondary sources include company annual reports, industry association publications, industry presentations, white papers, and company press to understand Pallet Trucks market dynamics across various level of value chain. Post ascertaining the Pallet Trucks market behavior, a data validation is conducted vis-a-vis primary and secondary research data to arrive at the base numbers 2017 as base number with estimated new Pallet Trucks sale in 2018 and forecast is made for the years 2019 to 2028.

FMI validates the forecast developed using concrete growth levels derived from macro and micro factors related to the Pallet Trucks market. For instance, growth in pallets market, industry value added, end use industry growth, Food & Beverages industry growth, key participant annual sales performances are analyzed to attain Pallet Trucks market forecast and refine anomalies if any. This approaches enable forecasting of Pallet Trucks market in terms of CAGR with respect to forthcoming period based on end user sentiments and analyze Pallet Trucks market on the basis of Year-on-Year (Y-o-Y). The Pallet Trucks market is analyzed in terms of Absolute Dollar Opportunity and Basis Point Share (BPS) along with market attractive index for sharing every aspect of high growth segments of the Pallet Trucks market.