Global Pallet Trucks Market Report 2024: Industry 4.0, IoT, and Telematics Shaping the Landscape, with Electric Pallet Trucks Leading the Charge in Innovation

Dublin, Jan. 18, 2024 (GLOBE NEWSWIRE) -- The "Pallet Trucks Global Market 2024" report has been added to's offering.

This comprehensive report delves into the intricate dynamics of the industry, highlighting a steady rise in market value from $38.36 billion in 2023 to an anticipated $41.44 billion in 2024 at a growth rate of 8% CAGR. A focal point of the study is the significant expansion in emerging economies and the proliferation of e-commerce which are propelling the market forward.

The Pallet Trucks Industry: Gearing Up for Tech Advancements and Efficiency Boosts

As the demand for logistics and warehousing solutions intensifies, the pallet trucks market is responding by embracing technological advancements. Industry 4.0, IoT, and telematics are no longer futuristic concepts but current trends shaping the market. These innovations promise enhanced productivity and efficiency in material handling operations.

  • Electric Pallet Trucks Lead Charge in Innovation
  • Surge in E-commerce Activities Elevates Market Demand
  • Manufacturing Industry Expansion Bolsters Market Growth

Regional Insights: North America Leads, Asia-Pacific Shows Promising Growth

The report’s regional analysis reveals North America as the frontrunner in the pallet trucks market share. With detailed insights into market dynamics, the research also highlights Asia-Pacific as an emerging region with significant growth potential due to escalating manufacturing and warehousing activities.

Diverse Applications Drive Market Versatility

From standard to speciality pallet trucks, the market is ripe with variety, catering to an array of industry needs such as food and beverage, manufacturing, and logistics. Specialized solutions for scissor, silent, and weighing pallet trucks underscore the industry's focus on innovation and client-specific demands.

Major Players and Market Strategies

This insightful report covers comprehensive profiles of leading market players and their strategic approaches to capitalizing on market growth. With a pulse on innovative product launches and strategic acquisitions, these key players are setting the trends and shaping the future of the pallet trucks market.

The latest market data reflects the overall consumption values and revenue streams within the pallet trucks industry across varying geographies. This in-depth research is an essential tool for stakeholders, investors, and participants looking to gauge market potential and direction.

  1. Concise Market Overview: Snapshot of current market size and future projections.
  2. Technological Trends: Insight into the adoption of electric and automated technologies.
  3. Strategic Industry Analysis: Profiles of leading companies and mergers and acquisitions.
  4. Global and Regional Market Analysis: Nuanced understanding of market dynamics across key regions.

A selection of companies mentioned in this report includes:

  • Jungheinrich AG
  • Crown Equipment Corporation
  • Hyster-Yale Materials Handling Inc.
  • Kion Group AG
  • Toyota Industries Corporation
  • Hyundai Heavy Industries Co. Ltd.
  • Godrej & Boyce Mfg. Co. Ltd.
  • Nilkamal Limited
  • PR Industrial S.R.L.
  • Presto Lifts Inc.
  • Noveltek Industrial Manufacturing Inc.
  • Mitsubishi Logisnext Co. Ltd.
  • Goscor Lift Truck Company (Pty) Ltd.
  • STILL GmbH
  • Noblelift Intelligent Equipment Co. Ltd.
  • Ningbo Ruyi Joint Stock Co. Ltd.
  • Niuli Machinery Manufacture Co. Ltd.
  • TVH Group NV
  • RICO Manufacturing Inc.
  • Nido Machineries Pvt. Ltd.
  • Patel Material Handling Private Limited
  • Puma Lift Trucks Pvt. Ltd.
  • Bishamon Industries Corporation
  • CML Movimentazione SRL
  • Columbus McKinnon Industrial Products GmbH.
  • EP Equipment Co. Ltd.
  • Hinowa S.p.A.
  • I-lift Equipment Ltd.
  • Komatsu Ltd.
  • Linde Material Handling GmbH
  • Manitou Group

For more information about this report visit

About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.