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Classified in: Transportation, Covid-19 virus
Subject: MRR

Pallet Trucks Market Records a CAGR of 6.57% by 2026 - Technavio


NEW YORK, Sept. 26, 2022 /PRNewswire/ -- Technavio has been monitoring the pallet trucks market, operating under the Industrials sector. The report estimates the market to register an incremental growth of USD 1.93 billion, at a CAGR of 6.57% during the forecast period. The report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Request Latest Free sample report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Anhui Heli Co. Ltd., BPR Rico Equipment Inc., Crown Equipment Corp., Hangcha Group Co. Ltd., Hyster Yale Materials Handling Inc., Hyundai Heavy Industries Co. Ltd., Jungheinrich AG, KION GROUP AG, Liftek FZC, Lokpal Industries, Manitou BF SA, Mazda Motor Corp, Nido Machineries Pvt. Ltd., Nilkamal Ltd., Noveltek Industrial Manufacturing Inc., Patel Material Handling Equipment, Presto Lifts Inc., and Godrej and Boyce Manufacturing Co. Ltd. are among some of the major market participants.

Increasing demand for packaged food and beverages has been instrumental in driving the growth of the market. However, Increased use of vertical space in warehouses might hamper the market growth. Buy Sample Report.

Pallet Trucks Market Segmentation

Based on geographic segmentation, 50% of the market's originated from APAC during the forecast period. In addition, the automotive industry category led the growth under the end-user segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the superfood powders market size.

Pallet Trucks Market Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The pallet trucks market report covers the following areas:

This study identifies the increased R&D of new types of batteries as one of the prime reasons driving the Pallet Trucks Market growth during the next few years. Download Free Sample Report.

Pallet Trucks Market Key Highlights

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Pallet Trucks Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.57%

Market growth 2022-2026

$ 1.93 billion

Market structure

Fragmented

YoY growth (%)

5.15

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 50%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Anhui Heli Co. Ltd., BPR Rico Equipment Inc., Crown Equipment Corp., Hangcha Group Co. Ltd., Hyster Yale Materials Handling Inc., Hyundai Heavy Industries Co. Ltd., Jungheinrich AG, KION GROUP AG, Liftek FZC, Lokpal Industries, Manitou BF SA, Mazda Motor Corp, Nido Machineries Pvt. Ltd., Nilkamal Ltd., Noveltek Industrial Manufacturing Inc., Patel Material Handling Equipment, Presto Lifts Inc., Puma Lift Trucks Pvt. Ltd., Sroka Inc., and Godrej and Boyce Manufacturing Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio "Industrials" Research Reports

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

SOURCE Technavio


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News published on 26 september 2022 at 21:45 and distributed by: