Pallet Trucks Market: Development of Advanced Application-Specific Product Variants Bolstering Growth

Posted on 2019-03-07 by Mark Hub in Industrial // 0 Comments

Rockville, USA, 2019-Mar-07 — /EPR Network/ —Effective maneuverability and value added in material handling operations are primary attributes of pallet trucks, which have led their widespread employment across logistics and industrial workplaces. Pallet trucks and relevant advancements are considered as prime solution in the digital age, with optimum turnaround times of delivering orders becoming a differentiating parameter. Ergonomic handling and robust design of pallet trucks are further complementing their adoption in every warehouse, manufacturing plant, and retail store.

Prospects of the pallet trucks market continue to be positive, according to a recent Fact.MR study that estimates global sales of pallet trucks to bring in approximately US$ 1,400 Mn by 2028-end. Constantly increasing need for shipping new products & orders, coupled with increased operator convenience offered by pallet in safe & smooth pulling heavy loads will augur well for future expansion of the market.

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Numerous advanced pallet trucks’ availability across the globe have driven their demand across industrial sectors, with focus toward production evolving in tandem with application areas. Manual stackers, for instance, demonstrate increased demand in safe, quick, and convenient lifting & transportation of palletized loads. High-lift pallet trucks have been developed, which incorporate features such as lateral stabilizers and telescopic jacks, thereby enabling automatic speed decline to prevent damages to heavy cargo.

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Automatic guided vehicles (AGVs) are controlled from outside and confined to programmed movements. A typical automatic guided pallet trucks employed in warehouses trail a programmed or pre-fixed route, and are unable to navigate around barriers or obstacles. Requirement of human intervention for clearing obstacles and restarting the equipment have led manufacturers to concentrate on advancements and upgradation in these pallet trucks.

Raymond’s Courier, Linde’s T-Matic, and Yale’s Driven by Baylo are key developments made in automatic guided pallet trucks that go beyond functioning of AGVs, moving independently around warehouses for lifting & storing pallets. A wide range of technologies, such as vision guidance systems, lasers, and GPS, are being incorporated in pallet trucks by manufacturers, enabling the equipment in mapping and navigating their environment. Such developments will significantly rub off on demand for pallet trucks in the near future.

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