Global Pallet Trucks Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Pallet Trucks is a basic form of forklift often used and best suited to a warehouse environment, for the moving of pallets and palletised loads. The rise of industrialization and product innovation and enhanced warehousing management practices has led to the adoption of Pallet Trucks across the forecast period. For Instance: In May 2019, the Raymond Courier 3030 stacker introduced by Raymond Corporation uses autonomous guided vehicle technology to lift and store pallets. Also, with the construction of advanced industrial projects, the adoption & demand for Pallet Trucks is likely to increase the market growth during the forecast period. However, fluctuation in demand and supply impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Pallet Trucks Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to the increased use of pallet trucks in the automotive and transportation sectors, as well as the growing adoption of manual pallet trucks over forklift trucks for transporting. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as enhanced warehousing management practices and growth in the adoption of mechanized technologies would create lucrative growth prospects for the Pallet Trucks market across Asia-Pacific region.

Major market players included in this report are:
Presto Lifts Inc.
KION Group
Goscor Lift Trucks
Hyster Company
Hyundai Heavy Industries
Liftek FZC
Linde Material Handling
Nido Machineries Pvt Ltd
Nilkamal Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Standard Pallet Trucks
Quarter Pallet Trucks
Silent Pallet Trucks
Weighing Pallet Trucks
Scissor Pallet Trucks
By End-use:
Food & Beverages
Retail Stores
Wholesale Distribution
Freight & Logistics
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Pallet Trucks Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers