Pallet Trucks Market

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The pallet truck is often seen as a niche market apart. Pallet trucks add value and help operations manoeuvre effectively in almost all kinds of industrial and logistics workplaces. In the digital age where delivering orders in optimum turnaround time has become differentiating parameter, pallet trucks and related advancements have turned as an effective solution.

Pallet Trucks Market Set to Grow Exponentially During

the Forecast, 2027

May 2017

Report Id : REP-GB-3458

Status : Ongoing

Category : Industrial Automation and Equipment

©2015 Future Market Insights, All Rights Reserved


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Pallet Trucks Market

Pallet Trucks Market Set to Grow Exponentially During the Forecast, 2027

The pallet truck is often seen as a niche market apart. Pallet trucks add value and help operations

manoeuvre effectively in almost all kinds of industrial and logistics workplaces. In the digital age where

delivering orders in optimum turnaround time has become differentiating parameter, pallet trucks and

related advancements have turned as an effective solution. These days, pallet trucks are used at almost

every retail store, job site, manufacturing plant and warehouse. Their robust design and ergonomic

handling are the two main characteristics of the pallet truck that help them stay in the market and

perform well constantly. Other than this, increase in the manufacturing output of various industries is

also expected to boost the pallet trucks market during the forecast period. Electric pallet trucks are in

trend nowadays as they can be light, medium as well heavy-duty and also include power-assisted lifting.

Pallet Trucks Market: Dynamics

Drivers

Growing manufacturing industry and better manoeuvrability are the factors likely to drive the growth of

global pallet trucks market over the forecast period. Furthermore, their ergonomic design which reduces

operator downtime and fatigue is also expected to help pallet trucks gain traction during the forecast

period. Better durability, versatility, ease of use and better rolling ease will be some of the other driving

factors for global pallet trucks market in the coming years.

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Pallet Trucks Market

Moreover, increasing demand for constantly shipping new products and orders is yet another factor

expected to drive growth into the global pallet trucks market in near future. Robust design of pallet

trucks enables operator to pull heavy loads smoothly and safely – this will work in the favour of pallet

trucks in near future.

Restraints

Limited fork vertical height, less flexibility and low speed are some of the factors hampering the growth

of global pallet trucks market over the forecast period. Furthermore, pallet trucks are not quite effective

on rough surfaces such as uneven pavements and crushed gravel pavements and this is expected to

hinder the growth of this market in the coming years. Moreover, additional training is required to operate

electric pallet trucks. Likewise, pallet trucks demand constant maintenance and complex electric

components resulting in expensive and time-consuming involvement. Unfortunately, pallet trucks can

only be used for mid-distances and this is yet another factor likely to negatively affect the growth of

global pallet trucks over the forecast period.

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Pallet Trucks Market: Segmentation

Global pallet trucks market is segmented on the basis of technology, product type and application. On the

basis of technology, the global pallet trucks market is segmented into manual type pallet trucks and

electric type pallet trucks. On the basis of product type, the global pallet trucks market is segmented into

hand pallet trucks, weighing scale pallet trucks, high lift pallet trucks and manual stackers.

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Pallet Trucks Market

On the basis of application, the global pallet trucks market is segmented into pallet trucks suitable for

retail store, warehousing, job site and manufacturing plant.

Pallet Trucks Market: Market Participants

Some of the market participants in the global pallet trucks market are:

PUMA LIFT TRUCKS PVT. LTD, Patel Material Handling Equipment, Lokpal Industries, RICO Manufacturing,

Sroka Inc., Douglas Equipment, GUMAK MAQUINARIA, S.L., HYSTER, Pallet Trucks UK, Mighty Lift, Inc.

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