Global Automated Pallet Truck Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Automated Pallet Truck Market” is the title of an upcoming market research report by MarketResearch.biz. Critical factors have been analyzed and studied comprehensively to present vital data and information in a well-planned format. In addition to the revenue shares of each segment, region, and country, revenue growth driving factors, restraints, as well as opportunities in untapped regions and economies are included. The company profiles of key players comprise detailed information, recent developments, strategies, acquisitions & mergers, etc. The global automated pallet truck market is segmented by product type, application, and regions/countries.
A pallet truck is also known as a jigger, pallet pump, pallet jack dog, pump truck. Pallet trucks are wheeled trolleys that are used to move or lift light or heavy pallets. Automated pallet trucks are vehicles that are equipped with an automated guided vehicle system (AGV). These systems are mobile robots that function using vision, magnets, or lasers for navigation and follow wires or markers on the floor. These tools are primarily used in industrial applications to lift and move materials in a warehouse or manufacturing facility. The applications of automated pallet trucks are increasing as these are now being used in other commercial sectors as well.
Factors such as increasing income levels, growing populations, growth of the manufacturing sectors and rising focus on automation in the industrial sectors are factors that are contributing to the growth of the global automated pallet truck market. Moreover, the inclination towards safety, low costs and high productivity are among other factors fostering this market’s growth.
Automated pallet trucks have wide applications such as material handling in several industries including manufacturing, automotive, aerospace, food & beverage, logistics, retail, and healthcare among others. In addition, the growing e-commerce industry is also seen as a major opportunity for growth in the market and is expected to be a key growth factor for the automated guided vehicle market in the future.
By Type: The pallet transporting segment is expected to account for significant growth over the next 10 years.
By Application: In terms of application, the production and distribution segment is projected to account for the highest revenue share over the coming years due to the increasing demand for automated pallet trucks in the manufacturing sector.
The market in North America is expected to account for the majority revenue share over the forecast period due to the growth of the e-commerce sector and decreasing labor power in the region. Such factors are leading to an increase in the installation of automated systems which is subsequently contributing to the growth of the pallet trucks market in the region. The market in the US is a major revenue contributor in the region.
The Asia Pacific market is projected to index a high Compounded Annual Growth Rate (CAGR) over the next 10 years. Factors such as increasing disposable incomes, improved standards of living, and the booming economies of many countries in the region will lead to market growth.
Global Automated Pallet Truck Market Segmentation:
By Product Type
- Pallet Transporting Truck
- Pallet Stacking Truck
- Production & Manufacturing,
- Distribution & Logistics
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Daifuku Co. Ltd.
- JBT Corporation
- Kion Group AG
- KUKA AG
- Toyota Industries Corporation
- Hyster-Yale Materials Handling Inc.
- Oceaneering International Inc.
- E&K Automation GmbH
- Seegrid Corporation
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