Pallet Truck Market Status, Key Vendors Analysis and Regional Outlook, 2023
Rising need for pallet trucks, technological advancements, and increasing research and development funding are likely to stoke the growth of the global market.
(firmenpresse) - The worldwide pallet truck market is projected to exhibit a healthy CAGR during the forecast period. Also known as a “pallet pump” or “pallet jack”, it is the most basic form of the forklift. It is designed to move and lift pallets and palletized loads. Rising need for pallet trucks, technological advancements, and increasing research and development funding are likely to stoke the growth of the global market. However, the low replacement rate and replacement of fuel-powered to electric pallet trucks are anticipated to hinder the market in the forecast period.
Growing advancements are boosting the pallet truck market. For instance, Crown, in June 2017, came up with technology that develops a different glove to control the movement of a pallet truck remotely. This technology will enhance the order picking procedure. Consecutively it will increase production. The novel technology was designed to modernize the procedure of the worker stepping up and down from the electric pallet trucks, which decreases the worker fatigue.
Linde’s T-Matic, Raymond’s Courier, and Yale’s Driven by Baylo are important developments made in automatically guided pallet trucks that go beyond working of automatic guided vehicles (AGVs), moving autonomously around warehouses for lifting & storing pallets. Vision guidance systems, GPS, and laser technologies are incorporated by manufacturers, allowing the equipment in navigating and mapping their environment. Such changes will significantly rub off on demand for pallet trucks in the forecast period.
Leading players operating in the pallet truck market include KION Group, Toyota Industries, Jungheingrich, Hyster Company, Goscor Lift Trucks, Liftek FZC, Hyundai Heavy Industries, Thermote & Vanhalst Group, Linde Material Handling, Nilkamal Limited, Nido Machineries Pvt Ltd, Presto Lifts Inc., Pr Industrial S.r.l., and others. Mergers, expansions, acquisitions, and new product development are some of the most extensively accepted strategies by industry companies, both - small and large. The APAC will continue to account for a large share in the forecast period, owing to rapid growth of industrialization segment and growing manufacturing activities.
Themen in dieser Pressemitteilung:
pallet-truck-market
machinery-and-machine-parts
pallet-truck-market-news
global-pallet-truck-industry-size
pallet-truck-market-share
pallet-truck-market-demand
pallet-truck-market-analysis
pallet-truck-market-research
pallet-truck-market-forecast
Unternehmensinformation / Kurzprofil:
Million Insights Inc. is a holistic market research database. With more than a million data points in the repository, we are the only organization providing end-to-end market research solutions. Our proprietary market research solution platform is designed to be completely flexible providing you with the power to personalize.
"Million Insights
Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States
Phone: +1-408-610-2300
Toll Free: +1-866-831-4085
Email: sales(at)millioninsights.com"
Datum: 22.06.2020 - 10:44 Uhr
Sprache: Deutsch
News-ID 614985
Anzahl Zeichen: 2416
contact information:
Contact person: Tom Clark
Town:
Felton
Phone: 14086102300
Kategorie:
Automotive
Typ of Press Release: Financial
type of sending: don't
Date of sending: 22.06.2020
Diese Pressemitteilung wurde bisher 169 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Pallet Truck Market Status, Key Vendors Analysis and Regional Outlook, 2023"
steht unter der journalistisch-redaktionellen Verantwortung von
Million Insights (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
