What is Hand Pallet Jack Market?
A pallet jack is also called pallet truck, pallet pump, pump truck, scooter, dog, or jigger. These are the most basic form of forklift which are used to move pallets from warehouse. The hand power jack which is also called manual pallet jack is very common in retail as well as personal warehousing. They are used for lifting, lowering and steering pallets from one to other. These can be operated by only trained operators. Moreover, development of hydraulic and electric technology is increasing the advancements in hand pallet jack.
The market study is being classified by Type (Classic, Silent handling, Assisted handling, High lifting, Weighing and Others) and major geographies with country level break-up.
Toyota (Japan), Crown (Germany), Hyster Company (United States), RICO Manufacturing (United States), Puma Lift Trucks (India), Sroka Incorporated (United States), Douglas Equipment Company (United States), Godrej Material Handling (India), Jungheinrich (Germany) and STILL Materials Handling (Germany) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Ningbo Ruyi Joint Stock (China), The Raymond Corporation (United States), Lokpal Industries (India) and Mighty Lift (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Hand Pallet Jack market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Hand Pallet Jack market by Type, Application and Region.
On the basis of geography, the market of Hand Pallet Jack has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing E commerce Sector is Fuelling the Market Growth
- Increased Emphasis on Online Trade
- Growing Technological Advancements
- Availability of Alternative Products may Hamper the Market
- Rapid Urbanisation in Developing Economies
- Increased Efforts from End User Industries for Establishing Efficient Supply Chain
- Stiff Competition Among the Major Players
On February 2019, Hangcha has launched 1.5/2.0 t A Series Mini Walkie Pallet Truck/Li-Ion. It comes with the capacity of 1.5 t, 2.0 t, and service weight of 90 kg, 270 kg.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organisations and Others
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