Pallet Jacks Market Prophesied to Grow at a Faster Pace by 2027

FMI, in its upcoming business report, elaborates the historical and current scenario of the global Pallet Jacks market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

With 1000+ market research reports and 1 billion+ data points, Future Market Insights (FMI) serves each and every requirement of the clients operating in the global packaging industry. FMI deploys digital intelligence solutions to offer compelling insights to report buyers that help them in overcoming market challenges, especially at the time of a crisis. Our dedicated team of professionals performs an extensive survey for gathering accurate information associated with the market.

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Crucial information and forecast statistics covered in the Pallet Jacks market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Pallet Jacks Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Pallet Jacks market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Pallet Jacks market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Pallet Jacks market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Global Pallet Jacks Market: Segmentation

The global pallet jacks market has been segmented as follows –

On the basis of product type, the global pallet jacks market has been segmented as –

  • Manual
  • Electric

On the basis of load capacity, the global pallet jacks market has been segmented as –

  • Standard
  • High Lift

On the basis of end use, the global pallet jacks market has been segmented as –

  • Retail store
  • Warehousing
  • Manufacturing plant
  • Others

On the basis of geography, the global pallet jacks market has been divided into seven key regions –

  • North America
  • Asia Pacific excluding Japan
  • Western Europe
  • Eastern Europe
  • Latin America
  • Middle East & Africa
  • Japan

Global Pallet Jacks market: Key Players

Some of the key players operating in the global pallet jacks market are – Toyota Motor Corporation, Jungheinrich AG, Raymond Corporation, Yale Materials Handling Corporation, Caterpillar Inc., Clark Material Handling Company Inc., Crown Equipment Corporation, Komatsu Ltd., UniCarriers Corp., Combilift Ltd., Godrej Material Handling, Carborundum Universal Limited (CUMI), Jost’s Engineering Company Limited, Patel Material Handling Equipment, Noveltek Industrial Manufacturing Inc., Niuli Machinery Manufacture Co., Ltd, Ningbo Ruyi Joint Stock Co., Ltd., SUZHOU PIONEER MATERIAL HANDLING EQUIPMENT&TECHNOLOGY CO.,LTD., Wesco Industrial Products, LLC and Mitsubishi Caterpillar Forklift America Inc. and others.

The global pallet jacks market is expected to witness new product launches during the forecast period. Manufacturers of material handling equipment are increasingly investing in new technology and design for material handling solutions. Manufacturers are entering in to collaborations and starting joint ventures (JVs). Global material handling equipment market is expected to witness a growing consolidation during forecast period.

Key Developments, Merger and Acquisitions

  • In September 2017, Toyota Material Handling, U.S.A., Inc. (TMHU) launched new AC-powered walkie pallet jack with brand Tora-Max. The load capacity is 4,000-pound.
  • In October 2017, Jungheinrich’s horizontal order picker ECE and the electric ride-on pallet truck ERE have won the “German Design Award 2018” in the transportation category.

Important Questions Answered in the Pallet Jacks Market Report

  • Which end user remains the top revenue contributor in different regional markets?
  • At what rate has the global Pallet Jacks market been expanding during the forecast period?
  • How will the global Pallet Jacks market look like by the end of the forecast period?
  • What innovative strategies are adopted by Pallet Jacks market players to stay ahead of the pack?
  • What are the restraints affecting the growth of the global Pallet Jacks market?

Key Offerings of the Report

  • Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
  • Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Pallet Jacks market

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