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Pallet Jack Market To Witness Significant Incremental Opportunity During 2032

The market for pallet jacks has expanded quickly over the years and is anticipated to do so throughout the forecast period at a CAGR of around 9%. (2020 to 2030). However, the industrial industry has suffered as a result of the COVID-19 epidemic, and this impact has spread to the pallet jack business as well. However, a number of areas, including East Asia, Europe, and South Asia, have resumed production. As a result, by the third quarter of 2021, the pallet jack market is anticipated to resume its prior growth rate.

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Key Segments of Pallet Jack Market

Fact.MR’s study on the pallet jack market offers information divided into four important segments – product, capacity, end use, and regional analysis. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.


  • Manual Pallet Jacks
  • Powered Pallet Jacks


  • Below 2.5 Tons
  • 2.5 to 5 Tons
  • Above 5 Tons

End Use

  • Logistics
  • Retail
  • Manufacturing
  • Food & Beverages
  • Automotive
  • Pharmaceuticals
  • Chemicals
  • General Manufacturing
  • Aerospace & Defence


  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Takeaways from Global Pallet Jack Market Study

  • The powered pallet jacks segment is expected to account for more than 60% of total pallet jack sales in 2020.
  • There will be close competition in end-use segments between the automotive and pharmaceutical sectors for pallet jack sales over the forecast period.
  • The below 2.5 tons segment leads the pallet jack market, and will gain 180 BPS in its market share by the end of 2030.
  • Europe is foreseen to remain a prominent region, accounting for more than 40% of the global share in the pallet jack market.

Regional Outlook of Pallet Jack Market

The exponential growth of the chemical, automotive, food & beverages, and aerospace sectors across Asian countries will have a positive impact on the development of the global pallet jack market. According to Fact.MR, the pallet jack market will progress at a significant rate in East Asia and South Asia, followed by North America and Europe.

Due to the presence of a large number of small enterprises in the region, European countries see more demand for pallet jacks. The market East Asia is also likely to gain traction by expanding a CAGR of 11% during the 2020-2030 period.

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