Press release
Pallet Trucks Market Growth to be Fuelled by 2018-2028
Pallet Trucks
Numerous advanced pallet trucks’ availability across the globe have driven their demand across industrial sectors, with focus toward production evolving in tandem with application areas. Manual stackers, for instance, demonstrate increased demand in safe, quick, and convenient lifting & transportation of palletized loads. High-lift pallet trucks have been developed, which incorporate features such as lateral stabilizers and telescopic jacks, thereby enabling automatic speed decline to prevent damages to heavy cargo.
Ever-growing development of the electric hydraulic technology is currently leading the pallet truck advancements beyond transportation of heavy goods toward prevention of musculoskeletal injuries in the material handling industry. Modern day pallet trucks, through combination of hydraulic and electric technology, are being motorized for enabling effective lifting & transportation of heavy stacked pallets. Additionally, novel safety features in these powered pallet trucks, such as dead man’s switch, enable taking necessary actions such as halting the machine during emergency situations.
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Upward Trend of Warehousing Likely to Invigorate Pallet Truck Sales
Over the past few years, warehouses have witnessed development in several ways, ranging from function to form. Constant transformation in warehousing is considered to be a consequence of changing procurement, distribution, and production methods. New lease of life is being beguiled by the warehousing industry, which is gaining popularity as the end-customer distribution platform, disregard of just-in-time methods being used.
The need for optimal warehousing has elucidated the imperativeness of technologically-advanced material handling equipment such as pallet trucks. Growing consumer preference for online shopping has bolstered growth of ecommerce, thereby leading to rising number of warehouses. Expanding warehouse spaces for shipment of products has furthered the adoption of pallet trucks, which facilitate movement and storage of goods.
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Automatic Guided Pallet Trucks Emerge as a Key Opportunity
Automatic guided vehicles (AGVs) are controlled from outside and confined to programmed movements. A typical automatic guided pallet trucks employed in warehouses trail a programmed or pre-fixed route, and are unable to navigate around barriers or obstacles. Requirement of human intervention for clearing obstacles and restarting the equipment have led manufacturers to concentrate on advancements and upgradation in these pallet trucks.
Raymond’s Courier, Linde’s T-Matic, and Yale’s Driven by Baylo are key developments made in automatic guided pallet trucks that go beyond functioning of AGVs, moving independently around warehouses for lifting & storing pallets. A wide range of technologies, such as vision guidance systems, lasers, and GPS, are being incorporated in pallet trucks by manufacturers, enabling the equipment in mapping and navigating their environment. Such developments will significantly rub off on demand for pallet trucks in the near future.
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Table of Contents Covered in the report are:
1. Executive Summary
1.1. Summarizing Key Findings
1.2. Trends and Developments
1.3. Strategic Themes
1.4. Highlighting Action Area – Wheel of Fortune
2. Global Pallet Trucks Market Overview
2.1. Introduction
2.2. Market Definition and Scope
2.3. Market Taxonomy and Segments Captured
3. Global Pallet Trucks Market Outlook
3.1. Market Size (US$ Mn), Volume (‘000 Units) and Forecast, 2012-2028
3.2. Market Y-o-Y Growth
3.3. Forecast Factors and Relevance of Impact
4. Global Pallet Trucks Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunities
4.4. Trends
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5. Supply Chain and Value Chain Assessment
6. Actionable Insights and Analysis
6.1. Technology Roadmap
6.2. Competition Footprint Matrix
6.3. Scenario Forecast
6.4. PESTLE Analysis
6.5. Porter's Five Forces Analysis
6.6. Product Life Cycle
6.7. Investment Feasibility Matrix
6.8. Key Participants Market Presence (Intensity Map) By Region
7. Global Pallet Trucks Market Analysis and Forecast, 2012-2028
7.1. Analysis and Forecast by Technology Type
7.1.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Region
7.1.2. Market Share Comparison, By Region
7.1.3. Y-o-Y growth Comparison, By Region
7.2. Analysis and Forecast By Product Type
7.2.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Region
7.2.2. Market Share Comparison, By Region
7.2.3. Y-o-Y growth Comparison, By Region
7.3. Analysis and Forecast By Wheel Type
7.3.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Region
7.3.2. Market Share Comparison, By Region
7.3.3. Y-o-Y growth Comparison, By Region
7.4. Analysis and Forecast By Lifting Speed
7.4.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Region
7.4.2. Market Share Comparison, By Region
7.4.3. Y-o-Y growth Comparison, By Region
7.5. Analysis and Forecast By Application
7.5.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Region
7.5.2. Market Share Comparison, By Region
7.5.3. Y-o-Y growth Comparison, By Region
7.6. Analysis and Forecast By Sales Channel
7.6.1. Revenue (US$ Mn) and Volume (‘000 Units) Comparison, By Region
7.6.2. Market Share Comparison, By Region
7.6.3. Y-o-Y growth Comparison, By Region
And Continue...
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