The global Hand Pallet Truck market is anticipated to achieve US$ 4.02 bn by 2029, with a projected CAGR of 6.34% throughout the forecast period.
Market Overview:
This comprehensive study delves into current and emerging trends within the global Hand Pallet Truck market. It entails thorough market forecasting for major segments from 2023 to 2029, analyzing product positions and competitors. Key players are profiled to understand the competitive landscape thoroughly.
Market Scope:
The analysis offers insights into the present Hand Pallet Truck market landscape, recent trends, drivers, and the overall market environment. Rising demand for Hand Pallet Truck is a significant driver. It examines technology, end-users, types, and geographical landscapes.
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Drivers:
Hand pallet trucks are expected to see rapid growth in the market due to factors like rapid industrialization, an expanding e-commerce sector, rising purchasing power, modern, mechanised work methods, and the need for intelligent, efficient material handling that will shorten turnaround times. Hand pallet trucks are becoming more and more common in a variety of end-use industries, including retail, warehousing, logistics, and others, because of its many advantages, including easy repair, low maintenance costs, and less strain on labour. Pallet trucks also have peripherals like weighing scales that show pallet weight on screens and can print specifications using a linked printer, which has sped up market expansion.
Segmentation:
by Capacity
• 1.5 ton
• 1.5 – 3 ton
• Above 3 ton
by Type
• Manual
• Powered
by End Use
• Freight and Logistics
• Retail stores
• Automotive
• Wholesale distribution
• Manufacturing
• Others
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Key Players:
Quantitative insights are provided, offering a clear view of global market potential across various categories with country-wise analyses. The report investigates major influencing factors and provides comprehensive company profiles.
• Crown Equipment Corporation
• Doosan Corporation
• Godrej Material Handling
• Hyster-Yale Group, Inc.
• Jungheinrich AG
• Kion Group
• Linde Material Handling
• Mitsubishi Caterpillar Forklift America Inc.
• The Raymond Corporation
• Toyota Industries Corporation
• Uvundlu Investments Holdings (Pty) Ltd
• Hyundai Heavy Industries Co. Ltd.
• KION GROUP AG
• Noveltek Industrial Manufacturing Inc.
• Presto Lifts Inc.
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Regional Analysis:
This segment includes factors influencing individual markets and changes in regulations impacting current and future trends. It incorporates downstream and upstream value chain analysis, technology trends, Porter's five forces analysis, and case studies to anticipate market scenarios across industries.
COVID-19 Impact Analysis:
The pandemic substantially affected the global Hand Pallet Truck industry, halting production facilities and causing a decline in utilization. However, recovery is expected by early 2021 due to increased demand.
Key Questions Addressed:
• Which segment dominated the Hand Pallet Truck market share?
• How was the competitive scenario in 2020?
• What are the key growth factors for the Hand Pallet Truck market?
• Which region had the highest market share in 2020?
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