Electric Pallet Jack and Stacker Market To Reach USD 7,069 Million by 2030

As stated by a market research institution, P&S Intelligence, the revenue generated by the electric pallet jack and stacker market was USD 4,402 million in 2022, and it will power at a CAGR of 6.1% by the end of this decade, to touch USD 7,069 million by 2030.

The operator-driven type was the major category, with approximately 90% share of the revenue, in 2022. These kinds of variants are put to use for conveying pallets in a warehouse. The necessity for operator-driven material handling equipment is growing unceasingly to advance competence in logistics and manufacturing facilities.

To download free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/electric-pallet-jack-stacker-market/report-sample

The operator-driven category is divided into walkie and ride-on, of which electric walkies was the dominator of the market.
Additionally, the automated ride-ons sales will grow rapidly in the years to come as a result of the ease of navigation they offer.

Lead- acid batteries had the larger revenue contributor, with about 58% share of the market, in 2022. These power sources are heavily employed in machine handling equipment as a result of their high sturdiness and affordability. Furthermore, they have an extended life-cycle and are fairly easy to maintain.

The above 2,000 kg load capacity will grow at the highest rate in the market. The requirement for these machines is powered by the powerful motors, offering them a considerable lifting capacity of above 2,000 kg.
Therefore, these pallet jacks and stackers are put to use in industrial and heavy manufacturing industries for lifting heavy loads. This equipment offers more than a few advantages, for example increased efficiency, speed and reduced effort on the part of the operator. Moreover, it offers a strong structure for handling heavy loads and a strong base for stability.

Explore more about this report@ https://www.psmarketresearch.com/market-analysis/electric-pallet-jack-stacker-market

APAC dominated electric pallet jack and stacker market, regarding revenue. The ascendancy of the region on the worldwide market is credited to the high acceptance of industrial automation solutions.
Fundamentally, the fast industrialization and urbanization in China and India, are powering the requirement for energy-efficient equipment, therefore enhancing the sale of automated material handling solutions.

The high requirement for these solutions from diverse end users, as well as the high obtainability of a wide range of products rated for diverse load handling capacities, will fuel the sales of electric jack and stacker sales in the years to come.

Explore our Blog for insightful articles, tips, and updates on a wide range of topics.

https://pnsintelligence.wordpress.com/
https://psintelligence.blogspot.com/

About P&S Intelligence
P&S Intelligence is a market research and consulting firm shaping growth strategies for enterprises with a global as well as niche presence. We specialize in both syndicate and custom market research, creating insight-laden reports that allow customers to stay ahead at every curve. Our clients range from multi-billion-dollar behemoths across industries to up and coming MSMEs and startups. Moreover, with our new offering, government, and public sector advisory services, we continue to trudge ahead in our quest for revolutionizing the way economies shape themselves in these ever-changing times.

Contact:
Chandra Mohan
AVP - Business Development
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.