Global Automated Pallet Truck Market Size, Share, and Trends Analysis Report, By Type (Pallet Transporting Truck and Pallet Stacking Truck), By Application (Production & Manufacturing, Distribution & Logistics, and Others), Forecast (2022-2028)

The global automated pallet truck market is anticipated to grow at a CAGR of 22.0% during the forecast period (2022-2028).  A pallet truck, also known as a pallet jack or a pallet pump, is a basic form of forklift often used and best suited to a warehouse environment, for the moving of pallets and palletized loads. Automated pallet trucks are vehicles that are equipped with an automated guided vehicle system (AGV). These tools are primarily used in industrial applications to lift and move materials in a warehouse or manufacturing facility. Nowadays automated pallet trucks are increasingly used in commercial sectors. The increase in income levels and growth of manufacturing sectors that are focusing on automation in the industrial sectors are some driving factors contributing to the growth of the global automated pallet truck market. Additionally, the inclination towards safety, low cost, and high productivity across industries are further driving the growth of the market. Powered pallet trucks reduce manual work, as they support manufacturers transfer various parts and materials from warehouses to the production line with ease and speed.

The market is segmented based on the type and application. Based on the type, the market is sub-segmented into transporting trucks and pallet stacking trucks. A pallet transporting the truck is a tool for lifting and moving pallets. It is mostly found in warehouses and used for moving goods within the confine of the warehouse. Pallet stacking trucks are mainly used in the warehouse to move pallets from one area to another. They can move pallets from the storage area or warehouse to a waiting lorry with ease.

Some major players in the market include Daifuku Co. Ltd., Swisslog Holding AG, and Toyota Motor Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. In May 2019, The Raymond Corp. launched an automated lift truck stacker, the Raymond Courier 3030 stacker which utilizes automatic guided vehicle technology, moving independently around warehouses for lifting & storing pallets.

Market Coverage            

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Daifuku Co. Ltd., Swisslog Holding AG, and Toyota Motor Corp., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Automated Pallet Truck Market Report by Segment

By Type

• Pallet Transporting Truck
• Pallet Stacking Truck

By Application

• Production & Manufacturing
• Distribution & Logistics
• Others

Global Automated Pallet Truck Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa