About Hand Pallet Jack
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Hand Pallet Jack market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Ningbo Ruyi Joint Stock (China), The Raymond Corporation (United States), Lokpal Industries (India) and Mighty Lift (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hand Pallet Jack market by Type (Classic, Silent handling, Assisted handling, High lifting, Weighing and Others) 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). If we see Market by Control, the sub-segment i.e. Manual will boost the Hand Pallet Jack market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Capacity, the sub-segment i.e. Below 2000 kg will boost the Hand Pallet Jack market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-use, the sub-segment i.e. Warehousing will boost the Hand Pallet Jack market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Technological Advancements
Market Growth Drivers:
Growing E commerce Sector is Fuelling the Market Growth and Increased Emphasis on Online Trade
Challenges:
Stiff Competition Among the Major Players
Restraints:
Availability of Alternative Products may Hamper the Market
Opportunities:
Rapid Urbanisation in Developing Economies and Increased Efforts from End User Industries for Establishing Efficient Supply Chain
Market Leaders and their expansionary development strategies
Clark has launched two new hand pallet trucks for different customer requirements. The trucks are the HPT Eco and the HPT Premium. Both the HPT Eco and the HPT Premium are designed for loads with a maximum of 2,500 kg. Both units are characterized by a robust design and easy operation.
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 Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.