Market Overview:
The global hand pallet truck market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for hand pallet trucks from various end-use industries, such as warehouses, logistics, and factories. Additionally, the growing trend of automation is also contributing to the growth of this market. Based on type, the global hand pallet truck market can be segmented into light 500/750/1000 kg, medium 1680/2000/2200/2300/2500 kg, and heavy 3000/5000 kg segments. The light 500/750 kg segment is projected to grow at a higher CAGR than other segments during the forecast period owing to its low cost and easy maneuverability. Based on application, the global hand pallet truck market can be divided into warehouse applications, logistics applications,, factory applications,, and other applications segments.
Product Definition:
A hand pallet truck is a device used to lift and move pallets. It consists of a platform, or bed, on which the load rests, and two beams that extend from the platform on either side of it. These beams are connected to a hydraulic pump that raises and lowers them, allowing the user to move the load by pushing or pulling on either beam.
Light 500/750/1000 kg:
The Light 500/750/1000 kg, it's usage and growth factor in the market for hand pallet trucks is characterized by a large number of small-scale manufacturers. The emergence of new entrants has led to intense competition among existing players. This is also likely to have a positive impact on the development of the market over the forecast period.
Medium 1680/2000/2200/2300/2500 kg:
The medium-duty truck segment is expected to grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to the increasing demand for goods transportation in both, intra-city as well as cross border trade. The growing population and rapid urbanization have led to an increase in the demand for consumer goods, which is further likely to boost product sales through e-commerce platforms.
Application Insights:
The logistics application segment led the global hand pallet trucks market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Logistics companies are focusing on reducing their carbon footprint by adopting environment-friendly solutions such as electric vehicles, hybrid vehicles, and fuel cell vehicles. As a result, they are focusing on replacing diesel trucks with electric trolleys for moving goods from warehouses to distribution centers or from one depot to another within a city or between cities. This is likely to reduce overall transportation emissions thus positively impacting regional governments' decisions regarding infrastructure development in favor of greenfield projects related thereto.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 4% from 2018 to 2030. This can be attributed to the increasing demand for automated material handling equipment and an increase in e-commerce activities across the U.S., Canada, and Mexico.
Asia Pacific is projected to emerge as one of the fastest-growing regions during the same period owing to rapid industrialization.
Growth Factors:
- Increasing demand from the e-commerce sector for fast and efficient transportation of goods
- Rising number of small and medium-sized businesses, which is leading to an increase in demand for hand pallet trucks
- Growing popularity of warehouse automation, which is resulting in an increase in the demand for hand pallet trucks
- Proliferation of online retail platforms, which is boosting the sales of hand pallet trucks
- Increasing investment by companies in material handling solutions, including hand pallet trucks
Scope Of The Report
Report Attributes
Report Details
Report Title
Hand Pallet Trucks Market Research Report
By Type
Light 500/750/1000 kg, Medium 1680/2000/2200/2300/2500 kg, Heavy 3000/5000 kg
By Application
Warehouse, Logistics, Factory, Others
By Companies
Toyota Material Handling, Hanselifter, Jungheinrich, Crown, Linde Material Handling, Blue Giant, Raymond Corp, Hyster, STILL, Presto Lifts, Lift-Rite, Ningbo Ruyi Joint Stock, Noblelift, Logitrans, GiantMove, Noveltek, Liugong, Yale, CLARK, Wesco Industrial Products
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Hand Pallet Trucks Market Report Segments:
The global Hand Pallet Trucks market is segmented on the basis of:
Types
Light 500/750/1000 kg, Medium 1680/2000/2200/2300/2500 kg, Heavy 3000/5000 kg
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
Warehouse, Logistics, Factory, 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:
- Toyota Material Handling
- Hanselifter
- Jungheinrich
- Crown
- Linde Material Handling
- Blue Giant
- Raymond Corp
- Hyster
- STILL
- Presto Lifts
- Lift-Rite
- Ningbo Ruyi Joint Stock
- Noblelift
- Logitrans
- GiantMove
- Noveltek
- Liugong
- Yale
- CLARK
- Wesco Industrial Products
Highlights of The Hand 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:
- Light 500/750/1000 kg
- Medium 1680/2000/2200/2300/2500 kg
- Heavy 3000/5000 kg
- By Application:
- Warehouse
- Logistics
- Factory
- 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 Hand 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.
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- Correctly Positioning New Products
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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?
Hand pallet trucks are a type of truck that is used to move goods by hand. They are typically smaller than other types of trucks and are designed to be easier to operate.
Some of the key players operating in the hand pallet trucks market are Toyota Material Handling, Hanselifter, Jungheinrich, Crown, Linde Material Handling, Blue Giant, Raymond Corp, Hyster, STILL, Presto Lifts, Lift-Rite, Ningbo Ruyi Joint Stock, Noblelift, Logitrans, GiantMove, Noveltek, Liugong, Yale, CLARK, Wesco Industrial Products.
The hand pallet trucks market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hand Pallet Trucks Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hand Pallet Trucks Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hand Pallet Trucks Market - Supply Chain
4.5. Global Hand Pallet Trucks Market Forecast
4.5.1. Hand Pallet Trucks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hand Pallet Trucks Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hand Pallet Trucks Market Absolute $ Opportunity
5. Global Hand Pallet Trucks Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hand Pallet Trucks Market Size and Volume Forecast by Type
5.3.1. Light 500/750/1000 kg
5.3.2. Medium 1680/2000/2200/2300/2500 kg
5.3.3. Heavy 3000/5000 kg
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hand Pallet Trucks Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hand Pallet Trucks Market Size and Volume Forecast by Application
6.3.1. Warehouse
6.3.2. Logistics
6.3.3. Factory
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hand Pallet Trucks Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hand Pallet Trucks Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hand Pallet Trucks Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hand Pallet Trucks Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hand Pallet Trucks Demand Share Forecast, 2019-2026
9. North America Hand Pallet Trucks Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hand Pallet Trucks Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hand Pallet Trucks Market Size and Volume Forecast by Application
9.4.1. Warehouse
9.4.2. Logistics
9.4.3. Factory
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hand Pallet Trucks Market Size and Volume Forecast by Type
9.7.1. Light 500/750/1000 kg
9.7.2. Medium 1680/2000/2200/2300/2500 kg
9.7.3. Heavy 3000/5000 kg
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hand Pallet Trucks Demand Share Forecast, 2019-2026
10. Latin America Hand Pallet Trucks Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hand Pallet Trucks Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hand Pallet Trucks Market Size and Volume Forecast by Application
10.4.1. Warehouse
10.4.2. Logistics
10.4.3. Factory
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hand Pallet Trucks Market Size and Volume Forecast by Type
10.7.1. Light 500/750/1000 kg
10.7.2. Medium 1680/2000/2200/2300/2500 kg
10.7.3. Heavy 3000/5000 kg
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hand Pallet Trucks Demand Share Forecast, 2019-2026
11. Europe Hand Pallet Trucks Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hand Pallet Trucks Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hand Pallet Trucks Market Size and Volume Forecast by Application
11.4.1. Warehouse
11.4.2. Logistics
11.4.3. Factory
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hand Pallet Trucks Market Size and Volume Forecast by Type
11.7.1. Light 500/750/1000 kg
11.7.2. Medium 1680/2000/2200/2300/2500 kg
11.7.3. Heavy 3000/5000 kg
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hand Pallet Trucks Demand Share, 2019-2026
12. Asia Pacific Hand Pallet Trucks Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hand Pallet Trucks Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hand Pallet Trucks Market Size and Volume Forecast by Application
12.4.1. Warehouse
12.4.2. Logistics
12.4.3. Factory
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hand Pallet Trucks Market Size and Volume Forecast by Type
12.7.1. Light 500/750/1000 kg
12.7.2. Medium 1680/2000/2200/2300/2500 kg
12.7.3. Heavy 3000/5000 kg
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hand Pallet Trucks Demand Share, 2019-2026
13. Middle East & Africa Hand Pallet Trucks Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hand Pallet Trucks Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hand Pallet Trucks Market Size and Volume Forecast by Application
13.4.1. Warehouse
13.4.2. Logistics
13.4.3. Factory
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hand Pallet Trucks Market Size and Volume Forecast by Type
13.7.1. Light 500/750/1000 kg
13.7.2. Medium 1680/2000/2200/2300/2500 kg
13.7.3. Heavy 3000/5000 kg
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hand Pallet Trucks Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hand Pallet Trucks Market: Market Share Analysis
14.2. Hand Pallet Trucks Distributors and Customers
14.3. Hand Pallet Trucks Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Toyota Material Handling
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hanselifter
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Jungheinrich
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Crown
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Linde Material Handling
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Blue Giant
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Raymond Corp
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hyster
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. STILL
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Presto Lifts
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lift-Rite
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ningbo Ruyi Joint Stock
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Noblelift
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Logitrans
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. GiantMove
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Noveltek
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Liugong
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Yale
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. CLARK
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Wesco Industrial Products
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
