Hand Pallet Truck Market Report: Trends, Forecast and Competitive Analysis to 2030

Hand Pallet Truck Trends and Forecast

The future of the global hand pallet truck market looks promising with opportunities in the freight and logistic, retail store, automotive, wholesale distribution, and manufacturing markets. The global hand pallet truck market is expected to reach an estimated $4.0 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are upsurge in warehousing and logistics activities, growing priority placed on maintaining a safe work environment, and increasing focus on efficient supply chain management.

A more than 150-page report is developed to help in your business decisions.

Hand Pallet Truck by Segment

The study includes a forecast for the global hand pallet truck by type, capacity, application, technology, and region

Hand Pallet Truck Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Manual
• Powered

Hand Pallet Truck Market by Capacity [Shipment Analysis by Value from 2018 to 2030]:

• Up to 1.5 ton
• 1.5 - 3 ton
• Above 3 ton

Hand Pallet Truck Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Freight and Logistics
• Retail Stores
• Automotive
• Wholesale Distribution
• Manufacturing
• Others

Hand Pallet Truck Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Hand Pallet Truck Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hand pallet truck companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hand pallet truck companies profiled in this report include-

• Toyota Material Handling
• Crown Equipment
• Hyster-Yale
• Jungheinrich
• Mitsubishi Logisnext
• Raymond
• Clark Material Handling
• Komatsu
• Hangcha
• EP Equipment

Hand Pallet Truck Market Insights

Lucintel forecast that powered is expected to witness highest growth over the forecast period due to its greater efficiency and ease of use in handeling businesses logistics operations.

Within this market, wholesale distribution will remain the largest segment due to significant use of hand pallet truck in this application owing to its efficient material handling in movement of heavy palletized goods in bulk quantities.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Hand Pallet Truck Market

Market Size Estimates: Hand Pallet Truck Market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Hand Pallet Truck Market size by type, capacity, application, and region in terms of value ($B).

Regional Analysis: Hand Pallet Truck Market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, capacities, applications, and regions for the hand pallet truck market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hand pallet truck market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the hand pallet truck market size?

Answer: The global hand pallet truck market is expected to reach an estimated $4.0 billion by 2030.

Q.2 What is the growth forecast for hand pallet truck market?

Answer: The global hand pallet truck market is expected to grow with a CAGR of 5.4% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the hand pallet truck market?

Answer: The major drivers for this market are upsurge in warehousing and logistics activities, growing priority placed on maintaining a safe work environment, and increasing focus on efficient supply chain management.

Q4. What are the major segments for hand pallet truck market?

Answer: The future of the hand pallet truck market looks promising with opportunities in the freight and logistic, retail store, automotive, wholesale distribution, and manufacturing markets.

Q5. Who are the key Hand Pallet Truck Market companies?

Answer: Some of the key hand pallet truck companies are as follows:

• Toyota Material Handling
• Crown Equipment
• Hyster-Yale
• Jungheinrich
• Mitsubishi Logisnext
• Raymond
• Clark Material Handling
• Komatsu
• Hangcha
• EP Equipment

Q6. Which hand pallet truck market segment will be the largest in future?

Answer: Lucintel forecast that powered is expected to witness highest growth over the forecast period due to its greater efficiency and ease of use in handeling businesses logistics operations.

Q7. In hand pallet truck market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the hand pallet truck market by type (manual and powered), capacity (up to 1.5 ton, 1.5 - 3 ton, and above 3 ton), application (freight and logistics, retail stores, automotive, wholesale distribution, manufacturing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?