Market Overview:
The global multifunction pallet trucks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric pallet trucks, rising warehouse and distribution centers, and growing e-commerce industry. The manual pallet truck segment is expected to dominate the global multifunctional pallet truck market during the forecast period. However, the electric pallet truck segment is projected to grow at a higher CAGR than that of manual Pallet Truck over the forecast period.
Product Definition:
Multifunction Pallet Trucks definition: A type of pallet truck that is designed to be able to handle a variety of tasks, such as lifting, moving, and stacking pallets. The importance of Multifunction Pallet Trucks is that they can save time and labor by performing multiple tasks.
Manual Pallet Truck:
Manual pallet truck is a self-propelled unit that consists of a platform and one or more loaded pallets. The driver steers the vehicle by means of a manual transmission; it has no automatic transmission option. Manual Pallet Trucks are widely used in applications such as warehouses, distribution centers, food & beverage processing plants among others where low volume and high capacity material handling is required.
Electric Pallet Truck:
The electric pallet truck is a kind of automated material handling equipment that uses electricity as its power source. It is mainly used to move materials in and out of warehouses, but it can also be used for loading and unloading at retail stores. The electric pallet truck has an advantage over conventional forklifts in that it requires fewer operators; the machine does all the work. Also, there are no physical constraints on where the machine can go since it operates entirely from an electrical standpoint.
Application Insights:
The retail store application segment led the global multifunction pallet trucks market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising e-commerce activities and increasing penetration of online retailers, which has resulted in an increased need for storage and delivery services.
Warehousing is expected to be the fastest-growing application segment from 2018 to 2030 due to growing industrialization and logistics activities across various regions coupled with a high demand for storage facilities as part of supply chain management practices. Growing emphasis on reducing inventory levels while improving customer satisfaction through faster delivery times also plays a key role in industry growth. Furthermore, companies are focusing on streamlining their supply chains by adopting advanced technologies such as big data analytics that help them manage operations more efficiently thus driving industry growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising exports and imports. China, India, Japan, South Korea are some of the prominent markets in Asia Pacific that have been experiencing strong economic growth over past few years.
The growing manufacturing sector along with rapid industrialization & urbanization is anticipated to drive product demand across Asia Pacific region. Furthermore multistorey car parks; airports; railway stations; warehouses are some of the prominent buildings constructed using pallet trucks across emerging economies such as India and China which will further propel industry size during the forecast period (2018 - 2030).
Growth Factors:
- Increasing demand for pallet trucks from the e-commerce sector
- Rising demand for pallet trucks from the automotive sector
- Growing popularity of automated warehouses and distribution centers
- Proliferation of small and medium-sized businesses (SMBs)
- Technological advancements in pallet truck design and functionality
Scope Of The Report
Report Attributes
Report Details
Report Title
Multifunction Pallet Trucks Market Research Report
By Type
Manual Pallet Truck, Electric Pallet Truck
By Application
Retail Store, Warehousing, Manufacturing Plant, Others
By Companies
STILL GmbH, Linde Material Handling, MANUVIT, Ferplast, Logitrans, Bishamon, Mïtsubishi Forklift Trucks, EP Equipment, Stöcklin Logistik AG, Columbus McKinnon Industrial Products, OMG Srl, Chongqing Toho-Rongkee Electronic and Machinery Co.,Ltd, Tractel, Ningbo Ruyi Joint Stock Co., Ltd, HYTSU Group, ICEM S.r.l.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Multifunction Pallet Trucks Market Report Segments:
The global Multifunction Pallet Trucks market is segmented on the basis of:
Types
Manual Pallet Truck, Electric Pallet Truck
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail Store, Warehousing, Manufacturing Plant, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- STILL GmbH
- Linde Material Handling
- MANUVIT
- Ferplast
- Logitrans
- Bishamon
- Mïtsubishi Forklift Trucks
- EP Equipment
- Stöcklin Logistik AG
- Columbus McKinnon Industrial Products
- OMG Srl
- Chongqing Toho-Rongkee Electronic and Machinery Co.,Ltd
- Tractel
- Ningbo Ruyi Joint Stock Co., Ltd
- HYTSU Group
- ICEM S.r.l.
Highlights of The Multifunction Pallet Trucks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Manual Pallet Truck
- Electric Pallet Truck
- By Application:
- Retail Store
- Warehousing
- Manufacturing Plant
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Multifunction Pallet Trucks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Multifunction pallet trucks are a type of truck that can be used for a variety of purposes. They can be used to transport goods, and they often have features that make them easier to use than traditional trucks. These features include things like adjustable heights and widths, as well as the ability to move in multiple directions.
Some of the major companies in the multifunction pallet trucks market are STILL GmbH, Linde Material Handling, MANUVIT, Ferplast, Logitrans, Bishamon, M¯tsubishi Forklift Trucks, EP Equipment, St¶cklin Logistik AG, Columbus McKinnon Industrial Products, OMG Srl, Chongqing Toho-Rongkee Electronic and Machinery Co.,Ltd, Tractel, Ningbo Ruyi Joint Stock Co., Ltd, HYTSU Group, ICEM S.r.l..
The multifunction pallet trucks market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multifunction Pallet Trucks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Multifunction Pallet Trucks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multifunction Pallet Trucks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Multifunction Pallet Trucks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Multifunction Pallet Trucks Market Size & Forecast, 2018-2028
4.5.1 Multifunction Pallet Trucks Market Size and Y-o-Y Growth
4.5.2 Multifunction Pallet Trucks Market Absolute $ Opportunity
Chapter 5 Global Multifunction Pallet Trucks Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Multifunction Pallet Trucks Market Size Forecast by Type
5.2.1 Manual Pallet Truck
5.2.2 Electric Pallet Truck
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Multifunction Pallet Trucks Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Multifunction Pallet Trucks Market Size Forecast by Applications
6.2.1 Retail Store
6.2.2 Warehousing
6.2.3 Manufacturing Plant
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multifunction Pallet Trucks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Multifunction Pallet Trucks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Multifunction Pallet Trucks Analysis and Forecast
9.1 Introduction
9.2 North America Multifunction Pallet Trucks Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Multifunction Pallet Trucks Market Size Forecast by Type
9.6.1 Manual Pallet Truck
9.6.2 Electric Pallet Truck
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Multifunction Pallet Trucks Market Size Forecast by Applications
9.10.1 Retail Store
9.10.2 Warehousing
9.10.3 Manufacturing Plant
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Multifunction Pallet Trucks Analysis and Forecast
10.1 Introduction
10.2 Europe Multifunction Pallet Trucks Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Multifunction Pallet Trucks Market Size Forecast by Type
10.6.1 Manual Pallet Truck
10.6.2 Electric Pallet Truck
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Multifunction Pallet Trucks Market Size Forecast by Applications
10.10.1 Retail Store
10.10.2 Warehousing
10.10.3 Manufacturing Plant
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Multifunction Pallet Trucks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Multifunction Pallet Trucks Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Multifunction Pallet Trucks Market Size Forecast by Type
11.6.1 Manual Pallet Truck
11.6.2 Electric Pallet Truck
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Multifunction Pallet Trucks Market Size Forecast by Applications
11.10.1 Retail Store
11.10.2 Warehousing
11.10.3 Manufacturing Plant
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Multifunction Pallet Trucks Analysis and Forecast
12.1 Introduction
12.2 Latin America Multifunction Pallet Trucks Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Multifunction Pallet Trucks Market Size Forecast by Type
12.6.1 Manual Pallet Truck
12.6.2 Electric Pallet Truck
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Multifunction Pallet Trucks Market Size Forecast by Applications
12.10.1 Retail Store
12.10.2 Warehousing
12.10.3 Manufacturing Plant
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Multifunction Pallet Trucks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Multifunction Pallet Trucks Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Multifunction Pallet Trucks Market Size Forecast by Type
13.6.1 Manual Pallet Truck
13.6.2 Electric Pallet Truck
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Multifunction Pallet Trucks Market Size Forecast by Applications
13.10.1 Retail Store
13.10.2 Warehousing
13.10.3 Manufacturing Plant
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Multifunction Pallet Trucks Market: Competitive Dashboard
14.2 Global Multifunction Pallet Trucks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 STILL GmbH
14.3.2 Linde Material Handling
14.3.3 MANUVIT
14.3.4 Ferplast
14.3.5 Logitrans
14.3.6 Bishamon
14.3.7 Mïtsubishi Forklift Trucks
14.3.8 EP Equipment
14.3.9 Stöcklin Logistik AG
14.3.10 Columbus McKinnon Industrial Products
14.3.11 OMG Srl
14.3.12 Chongqing Toho-Rongkee Electronic and Machinery Co.,Ltd
14.3.13 Tractel
14.3.14 Ningbo Ruyi Joint Stock Co., Ltd
14.3.15 HYTSU Group
14.3.16 ICEM S.r.l.
