Registering a CAGR of 7.12% over the forecast period of 2022-2027, the global Electric Pallet Jacks market size is anticipated to reach the market value of USD 57.6 billion in the year 2027 from USD 38.2 billion in the year 2021.
Electric Pallet Jacks Market Overview
Electric pallet jack truck is referred to as a truck that is used for pulling the product through the workhouse or any other place efficiently. Electric pallet jack trucks are used for loading and unloading of trailers in the mid-distance range. These electric pallet jack trucks are handy to use. Electric pallet jack trucks are widely used by various industries, warehouses, and others. Electric pallet jack is used to lift light-duty products and pallets in limited space applications. Electric pallet jacks offer an easier option to transport goods and materials in supermarkets, warehouses, megastores, industrial stockrooms, and cargo containers. It possesses a high-strength reinforced steel frame and magnetic motor. The wheels and roller of an electric pallet jack are usually of polyurethane, nylon, steel, and rubber.
Who are the Major Players in Electric Pallet Jacks Market?
The global Electric Pallet Jacks Market includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Toyota, UniCarriers, Financials, Raymond, Yale Materials Handling, Jungheinrich, Crown Equipment Corporation, Caterpillar, Komatsu, Clark Material Handling.
Industry News and Development:
September 14, 2017 – Toyota Material Handling, U.S.A., Inc. (TMHU) recently launched a new AC-powered walkie pallet jack under the brand Tora-Max. The 4,000-pound lift capacity walkie, built for customers in search of an entry-level walkie, provides a simple solution and solid performance. The Tora-Max walkie has a target delivery time of four weeks or less and retails for $2,999.
What are the major Applications, Types, and Regions for Electric Pallet Jacks Market?
Electric Pallet Jacks Market is segmented based on the Type, Applications, and Regions.
By Type, it is segmented into
- Below 1200 Kg
- Between 1200 kg- 2200kg
- Above 2200kg
By Applications, it is segmented into
- Warehousing
- Retail Store
- Manufacturing Plant
- Others
Electric Pallet Jacks Market Regional Analysis
The North American market includes the forecast and analysis for the U.S., Canada, and the Rest of North America. The country-level analysis and forecast of the European market cover the electric pallet jack market in the U.K., Germany, France, and the Rest of Europe. The country-level analysis and forecast for the Asia Pacific market include major countries in the region such as India, China, Japan, and the Rest of Asia Pacific. The Middle East & Africa country-level analysis and forecast for the electric pallet jack market include GCC countries, South Africa, and the Rest of the Middle East & Africa. The South American electric pallet jack market is categorized into Brazil and the Rest of South America.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Electric Pallet Jacks Market report scope?
Scope of the Report covers Electric Pallet Jacks Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Electric Pallet Jacks Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Key Takeaways from this Electric Pallet Jacks Report
- Evaluate Electric Pallet Jacks market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industries verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
- Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Electric Pallet Jacks market entropy - M&As, deals, partnerships, product launches of all key players for the past 5 years.
- Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
