Market Overview:
The global pallet forks 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 pallet forks from various end-use industries, such as agriculture, industrial and others. Additionally, the growing awareness about safety and efficiency among end-users is also propelling the growth of this market. Based on type, the global pallet forks market can be segmented into hydraulic type and manually type. The hydraulic type segment is expected to account for a larger share of the global pallet forks market in terms of value during the forecast period. This can be attributed to its advantages over manual types such as high lifting capacity and easy maneuverability.
Product Definition:
A Pallet Fork is a tool that is used to lift and move pallets. The forks are inserted into the pallet, and the operator lifts it by moving the forklift levers. This allows for easy movement of heavy objects.
Hydraulic Type:
Hydraulic type forklift truck is driven by hydraulic system. It has a mechanism that increases the force of push or pull in order to lower and raise the pallet. Hydraulic type forklifts are widely used for small to medium-sized businesses due to their low cost of operation, easy assembly and disassembly, lightweight design, safety features such as anti-lock braking system (ABS) and electronic stability program (ESP), among others.
Manually Type:
Manually type forklift consists of two types of keyboards, one for controlling the machine and another for receiving input from the machine. It is used to load and unload materials on a pallet. The material loaded on pallet by using forklift is called as “ Fork Lift Material” in industry parlance.
The market size was valued at USD 4,50,000 thousand in 2015.
Application Insights:
The others application segment includes construction, automotive and retail industry. In terms of revenue, the industrial segment dominated the global market in 2017. The growth can be attributed to increasing demand for packaged products from various industries such as food & beverage, healthcare and personal care among others. Furthermore, rising demand for pallets in order to facilitate efficient distribution of goods is also expected to drive the product demand over the forecast period.
Agriculture was one of the prominent applications that accounted for a significant share in 2017 owing to high product adoption across farms and ranches across various regions including North America and Europe with countries like U.K.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of industries that use pallet forks, such as food & beverage, construction, automotive and others. China is one of the largest agricultural producers in this region owing to favorable climatic conditions and vast land area available for farming purposes. Thus, abundant availability of raw materials drives the demand for forklifts with greater carrying capacity to efficiently transport goods from farms to manufacturing units or vice versa thereby driving industry growth in Asia Pacific regional market at a significant pace.
The Europe market was valued at USD X billion in 2017 owing to growing industrialization coupled with advancements made by manufacturers pertaining to product design.
Growth Factors:
- Increasing demand for pallet forks from the logistics and warehousing sector as a result of the growth in e-commerce industry.
- Rising demand for pallet forks from small and medium enterprises (SMEs) due to their growing need for material handling equipment to handle increased production volumes.
- Growing popularity of electric pallet trucks, which require pallet forks for operation, is driving the demand for pallet forks market globally.
- Proliferation of rental services of forklifts and other material handling equipment is also propelling the growth of global Pallet Forks market as it offers easy access to these devices without any capital investment on part of businesses.
Scope Of The Report
Report Attributes
Report Details
Report Title
Pallet Forks Market Research Report
By Type
Hydraulic Type, Manually Type
By Application
Agriculture, Industrial, Others
By Companies
KINSHOFER GmbH, Heiden, Koyker, Caterpillar Inc, Certex, Meijer Handling Solutions, EDGE, Gehl, Avant, Probst Handing Equipment, ALO, Danuser, CWS Industries, Craig Attachment, H & H Manufacturing, Virnig Manufacturing?Inc, Doosan (Bobcat), Fisherco, Rylind Manufacturing, Solesbee, Jenkins Iron and Steel, Land Pride, MDS Manufacturer, Worksaver, CL Fabrication Inc
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Pallet Forks Market Report Segments:
The global Pallet Forks market is segmented on the basis of:
Types
Hydraulic Type, Manually Type
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
Agriculture, Industrial, 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:
- KINSHOFER GmbH
- Heiden
- Koyker
- Caterpillar Inc
- Certex
- Meijer Handling Solutions
- EDGE
- Gehl
- Avant
- Probst Handing Equipment
- ALO
- Danuser
- CWS Industries
- Craig Attachment
- H & H Manufacturing
- Virnig Manufacturing?Inc
- Doosan (Bobcat)
- Fisherco
- Rylind Manufacturing
- Solesbee
- Jenkins Iron and Steel
- Land Pride
- MDS Manufacturer
- Worksaver
- CL Fabrication Inc
Highlights of The Pallet Forks 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:
- Hydraulic Type
- Manually Type
- By Application:
- Agriculture
- Industrial
- 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 Pallet Forks 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Pallet forks are a type of forklift truck that use pallets as their load. They have two forks that extend out from the front of the truck, and they use these to lift the pallets off of the ground.
Some of the major players in the pallet forks market are KINSHOFER GmbH, Heiden, Koyker, Caterpillar Inc, Certex, Meijer Handling Solutions, EDGE, Gehl, Avant, Probst Handing Equipment, ALO, Danuser, CWS Industries, Craig Attachment, H & H Manufacturing, Virnig Manufacturing?Inc, Doosan (Bobcat), Fisherco, Rylind Manufacturing, Solesbee, Jenkins Iron and Steel, Land Pride, MDS Manufacturer, Worksaver, CL Fabrication Inc.
The pallet forks 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. Pallet Forks 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. Pallet Forks Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pallet Forks Market - Supply Chain
4.5. Global Pallet Forks Market Forecast
4.5.1. Pallet Forks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pallet Forks Market Size (000 Units) and Y-o-Y Growth
4.5.3. Pallet Forks Market Absolute $ Opportunity
5. Global Pallet Forks 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. Pallet Forks Market Size and Volume Forecast by Type
5.3.1. Hydraulic Type
5.3.2. Manually Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Pallet Forks 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. Pallet Forks Market Size and Volume Forecast by Application
6.3.1. Agriculture
6.3.2. Industrial
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Pallet Forks 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. Pallet Forks 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 Pallet Forks 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. Pallet Forks 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 Pallet Forks Demand Share Forecast, 2019-2029
9. North America Pallet Forks 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 Pallet Forks 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 Pallet Forks Market Size and Volume Forecast by Application
9.4.1. Agriculture
9.4.2. Industrial
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Pallet Forks Market Size and Volume Forecast by Type
9.7.1. Hydraulic Type
9.7.2. Manually Type
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 Pallet Forks Demand Share Forecast, 2019-2029
10. Latin America Pallet Forks 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 Pallet Forks 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 Pallet Forks Market Size and Volume Forecast by Application
10.4.1. Agriculture
10.4.2. Industrial
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Pallet Forks Market Size and Volume Forecast by Type
10.7.1. Hydraulic Type
10.7.2. Manually Type
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 Pallet Forks Demand Share Forecast, 2019-2029
11. Europe Pallet Forks 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 Pallet Forks 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 Pallet Forks Market Size and Volume Forecast by Application
11.4.1. Agriculture
11.4.2. Industrial
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Pallet Forks Market Size and Volume Forecast by Type
11.7.1. Hydraulic Type
11.7.2. Manually Type
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
11.102. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Pallet Forks Demand Share, 2019-2029
12. Asia Pacific Pallet Forks 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 Pallet Forks 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 Pallet Forks Market Size and Volume Forecast by Application
12.4.1. Agriculture
12.4.2. Industrial
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Pallet Forks Market Size and Volume Forecast by Type
12.7.1. Hydraulic Type
12.7.2. Manually Type
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 Pallet Forks Demand Share, 2019-2029
13. Middle East & Africa Pallet Forks 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 Pallet Forks 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 Pallet Forks Market Size and Volume Forecast by Application
13.4.1. Agriculture
13.4.2. Industrial
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Pallet Forks Market Size and Volume Forecast by Type
13.7.1. Hydraulic Type
13.7.2. Manually Type
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 Pallet Forks Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Pallet Forks Market: Market Share Analysis
14.2. Pallet Forks Distributors and Customers
14.3. Pallet Forks Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. KINSHOFER GmbH
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Heiden
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Koyker
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Caterpillar Inc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Certex
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Meijer Handling Solutions
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. EDGE
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Gehl
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Avant
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Probst Handing Equipment
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ALO
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Danuser
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. CWS Industries
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Craig Attachment
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. H & H Manufacturing
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Virnig Manufacturing?Inc
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Doosan (Bobcat)
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Fisherco
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Rylind Manufacturing
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Solesbee
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
