Market Overview:
The global hydraulic pallet truck 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 hydraulic pallet trucks from various end-use industries, such as warehouses, logistics, and factories. In addition, the growing awareness about the benefits of using hydraulic pallet trucks is also contributing to the growth of this market. Based on type, the global hydraulic pallet truck market can be segmented into light 500/750/1000 kg, medium 1680/2000/2500 kg, and heavy 3000/5000 kg segments. The light 500/750/1000 kg segment is projected to grow at a higher CAGR than other segments during the forecast period from 2018 to 2030. This high growth rate can be attributed to rising demand for lightweight hydraulic pallet trucks from small and medium-sized businesses across different regions worldwide. Based on application, the global hydraulic pallet truck market can be divided into warehouse applications, logistics applications,, factory applications,, and other applications segments. The warehouse application segment is estimated dominate th eglobal hydraul icpal let t ruck ma rket in 2 018 an d 2 028 . Thi s segm ent i s ex pected t o gr ow at a CAGR of 5 .7 % du ring th e for ecas t per iod .
Product Definition:
A hydraulic pallet truck is a type of material handling equipment used to move pallets or skids. It consists of a platform, or forks, that are attached to a hydraulic cylinder. The cylinder is powered by fluid under pressure, which raises and lowers the forks. This allows the user to easily move heavy objects around a warehouse or factory floor.
Light 500/750/1000 kg:
The Light 500/750/1000 kg, it's usage and growth factor in the Hydraulic Pallet Truck market is driven by factors such as rising demand for automation in material handling operations coupled with increasing focus on reducing the overall weight of materials being handled. The growing e-commerce industry has also led to an increase in demand for palletizing and unloading of goods from warehouses to be carried out by trucks.
Medium 1680/2000/2500 kg:
The 1680/2000/2500 kg medium weight pallet truck is used for loading and unloading of light to medium weight commercial goods. The trucks are designed to carry out the operations efficiently with improved safety due to advanced features such as hydraulic powered rear wheels, load sensing system, and anti-lock braking system.
These trucks are equipped with a wide variety of functions that help in reducing labor costs along with increased productivity which helps companies achieve sustainability.
Application Insights:
The logistics application segment led the global market in 2017 and is projected to witness significant growth over the forecast period. Logistics companies are increasingly adopting hydraulic pallet trucks owing to their ability to transport loads with higher stability, which reduces the incidence of accidents and also helps in reducing fuel costs. The growing e-commerce industry has created opportunities for logistics providers across the globe, which is expected to propel demand for these vehicles over the coming years.
The warehouse application segment accounted for a significant share of 23% in terms of revenue on account of its wide scope across various industries including retail, healthcare & pharmaceuticals among others where high product stability is required during transportation. These trucks have features such as large turning radius and low ground clearance that make them unsuitable for outdoor storage but suitable inside premises where space constraints are an issue.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising industrialization, increasing foreign investments, and rapid urbanization & infrastructure development. China is one of the largest markets for these trucks owing to its large-scale production of both consumer goods as well as industrial machinery. Moreover, India has also witnessed a significant rise in demand for these trucks owing to their utility in carrying bulk materials such as cement and steel at various construction sites across the country.
North America accounted for a significant share of global revenue due to high demand from industries such as food & beverage, pharmaceuticals/medical devices, logistics/supply chain management etc., which require heavy-duty equipment with maximum portability features along with low operational costs involved during transportation processes between different locations within an enterprise or across long distances between enterprises (warehouse).
Growth Factors:
- Increasing demand for hydraulic pallet truck from the automotive and manufacturing industries due to its ability to handle heavy loads with ease.
- Growing popularity of hydraulic pallet truck among small and medium-sized businesses as it helps reduce labor costs and improve efficiency.
- Rising investment in automated material handling systems, which is expected to create new opportunities for the hydraulic pallet truck market over the next few years.
- Proliferation of online retailing, as it has led to an increase in demand for warehouse automation equipment such as hydraulic pallet trucks.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydraulic Pallet Truck Market Research Report
By Type
Light 500/750/1000 kg, Medium 1680/2000/2500 kg, Heavy 3000/5000 kg
By Application
Warehouse, Logistics, Factory, Others
By Companies
Bishamon, CML MOV, Columbus McKinnon Industrial Products, HINOWA SPA, I-lift Equipment, SOUTHWORTH, TRACTEL, HYTSU GROUP
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Hydraulic Pallet Truck Market Report Segments:
The global Hydraulic Pallet Truck market is segmented on the basis of:
Types
Light 500/750/1000 kg, Medium 1680/2000/2500 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:
- Bishamon
- CML MOV
- Columbus McKinnon Industrial Products
- HINOWA SPA
- I-lift Equipment
- SOUTHWORTH
- TRACTEL
- HYTSU GROUP
Highlights of The Hydraulic Pallet Truck 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 1680/2000/2500 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 Hydraulic Pallet Truck 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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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?
A hydraulic pallet truck is a specialized tractor that uses hydraulics to move large loads. The truck's hydraulic system allows it to lift and transport heavy objects with ease, making it an ideal choice for businesses that need to move large quantities of goods quickly and efficiently.
Some of the major companies in the hydraulic pallet truck market are Bishamon, CML MOV, Columbus McKinnon Industrial Products, HINOWA SPA, I-lift Equipment, SOUTHWORTH, TRACTEL, HYTSU GROUP.
The hydraulic pallet truck market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hydraulic Pallet Truck 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. Hydraulic Pallet Truck Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hydraulic Pallet Truck Market - Supply Chain
4.5. Global Hydraulic Pallet Truck Market Forecast
4.5.1. Hydraulic Pallet Truck Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hydraulic Pallet Truck Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hydraulic Pallet Truck Market Absolute $ Opportunity
5. Global Hydraulic Pallet Truck 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. Hydraulic Pallet Truck Market Size and Volume Forecast by Type
5.3.1. Light 500/750/1000 kg
5.3.2. Medium 1680/2000/2500 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 Hydraulic Pallet Truck 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. Hydraulic Pallet Truck 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 Hydraulic Pallet Truck 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. Hydraulic Pallet Truck 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 Hydraulic Pallet Truck 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. Hydraulic Pallet Truck 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 Hydraulic Pallet Truck Demand Share Forecast, 2019-2026
9. North America Hydraulic Pallet Truck 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 Hydraulic Pallet Truck 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 Hydraulic Pallet Truck 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 Hydraulic Pallet Truck Market Size and Volume Forecast by Type
9.7.1. Light 500/750/1000 kg
9.7.2. Medium 1680/2000/2500 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 Hydraulic Pallet Truck Demand Share Forecast, 2019-2026
10. Latin America Hydraulic Pallet Truck 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 Hydraulic Pallet Truck 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 Hydraulic Pallet Truck 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 Hydraulic Pallet Truck Market Size and Volume Forecast by Type
10.7.1. Light 500/750/1000 kg
10.7.2. Medium 1680/2000/2500 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 Hydraulic Pallet Truck Demand Share Forecast, 2019-2026
11. Europe Hydraulic Pallet Truck 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 Hydraulic Pallet Truck 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 Hydraulic Pallet Truck 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 Hydraulic Pallet Truck Market Size and Volume Forecast by Type
11.7.1. Light 500/750/1000 kg
11.7.2. Medium 1680/2000/2500 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 Hydraulic Pallet Truck Demand Share, 2019-2026
12. Asia Pacific Hydraulic Pallet Truck 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 Hydraulic Pallet Truck 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 Hydraulic Pallet Truck 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 Hydraulic Pallet Truck Market Size and Volume Forecast by Type
12.7.1. Light 500/750/1000 kg
12.7.2. Medium 1680/2000/2500 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 Hydraulic Pallet Truck Demand Share, 2019-2026
13. Middle East & Africa Hydraulic Pallet Truck 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 Hydraulic Pallet Truck 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 Hydraulic Pallet Truck 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 Hydraulic Pallet Truck Market Size and Volume Forecast by Type
13.7.1. Light 500/750/1000 kg
13.7.2. Medium 1680/2000/2500 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 Hydraulic Pallet Truck Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hydraulic Pallet Truck Market: Market Share Analysis
14.2. Hydraulic Pallet Truck Distributors and Customers
14.3. Hydraulic Pallet Truck Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bishamon
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CML MOV
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Columbus McKinnon Industrial Products
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. HINOWA SPA
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. I-lift Equipment
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SOUTHWORTH
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TRACTEL
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. HYTSU GROUP
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
