Global Automated Pallet Truck Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2029

                                          
Global Automated Pallet Truck Market  2021: By Product Type (Pallet Transporting Truck, Pallet Stacking Truck), By Application (Production & Manufacturing,, Distribution & Logistics, Other)

Global Automated Pallet Truck Market is the title of an upcoming market research report by Trusted Business Insights. Critical factors have been analyzed and studied comprehensively to present vital data and information in a well-planned format. In addition to the revenue shares of each segment, region, and country, revenue growth driving factors, restraints, as well as opportunities in untapped regions and economies are included. The company profiles of key players comprise detailed information, recent developments, strategies, acquisitions & mergers, etc. The global automated pallet truck market is segmented by product type, application, and regions/countries.Request Covid - 19 Impact

The Global Automated Pallet Truck market size was valued at USD $3.19 Billion in 2020, USD $3.88 Billion in 2021, forecasted to reach  USD $4.72 Billion in 2022, and is projected to reach USD $22.4 Billion by 2030, and is anticipated to expand at a CAGR of 21.52% over the forecast period from 2020 to 2030.

Overview

A pallet truck is also known as a jigger, pallet pump, pallet jack dog, pump truck. Pallet trucks are wheeled trolleys that are used to move or lift light or heavy pallets. Automated pallet trucks are vehicles that are equipped with an automated guided vehicle system (AGV). These systems are mobile robots that function using vision, magnets, or lasers for navigation and follow wires or markers on the floor. These tools are primarily used in industrial applications to lift and move materials in a warehouse or manufacturing facility.  The applications of automated pallet trucks are increasing as these are now being used in other commercial sectors as well.

Dynamics

Factors such as increasing income levels, growing populations, growth of the manufacturing sectors and rising focus on automation in the industrial sectors are factors that are contributing to the growth of the global automated pallet truck market. Moreover, the inclination towards safety, low costs and high productivity are among other factors fostering this markets growth.

Automated pallet trucks have wide applications such as material handling in several industries including manufacturing, automotive, aerospace, food & beverage, logistics, retail, and healthcare among others. In addition, the growing e-commerce industry is also seen as a major opportunity for growth in the market and is expected to be a key growth factor for the automated guided vehicle market in the future.

Segment Analysis

By Type: The pallet transporting segment is expected to account for significant growth over the next 10 years.

By Application: In terms of application, the production and distribution segment is projected to account for the highest revenue share over the coming years due to the increasing demand for automated pallet trucks in the manufacturing sector.

Regional Analysis:

The market in North America is expected to account for the majority revenue share over the forecast period due to the growth of the e-commerce sector and decreasing labor power in the region. Such factors are leading to an increase in the installation of automated systems which is subsequently contributing to the growth of the pallet trucks market in the region. The market in the US is a major revenue contributor in the region.

The Asia Pacific market is projected to index a high Compounded Annual Growth Rate (CAGR) over the next 10 years. Factors such as increasing disposable incomes, improved standards of living, and the booming economies of many countries in the region will lead to market growth.

Below are the active patents related to Automated Pallet Truck Market.

Patent Number:  US9075412B2

Self-propelled robotic pallet vehicle

Abstract

Various aspects of the present disclosure provide a robotic pallet system that provides the ability to move palletized cargo without requiring the use of additional material handling equipment such as forklifts and K-loaders, for example. In some aspects, an integrated system may be used to interact with and control a number of robotic pallets. Such an integrated system may be used to deliver palletized cargo without additional equipment through self-propelled pallets, thereby reducing the number of personnel required to load palletized cargo by reducing the size of the team required to position the pallet inside of the aircraft and removing the need for a k-loader operator.

Type: Grant

Filed: 2014-01-13

Date of Patent: 2015-07-07

Assignee : STRATOM Inc

Patent Number:  US8965561B2

Automated warehousing using robotic forklifts

Abstract

A system for automated inventory management and material handling removes the requirement to operate fully automatically or all-manual using conventional vertical storage and retrieval (S&R) machines. Inventory requests to place palletized material into storage at a specified lot location or retrieve palletized material from a specified lot are resolved into missions for autonomous fork trucks, equivalent mobile platforms, or manual fork truck drivers (and their equipment) that are autonomously or manually executed to effect the request. Automated trucks plan their own movements to execute the mission over the warehouse aisles or roadways sharing this space with manually driven trucks. Automated units drive to planned speed limits, manage their loads (stability control), stop, go, and merge at intersections according human driving rules, use on-board sensors to identify static and dynamic obstacles, and human traffic, and either avoid them or stop until potential collision risk is removed.

Type: Grant

Filed: 2013-03-15

Date of Patent: 2015-02-24

Assignee : Cybernet Systems Corp

Patent Number:  US20100006377A1

Pallet counter for lift truck

Abstract

A method for counting the pallets or loads moved by a lift truck using internal sensors is disclosed. The lift truck includes a weight sensor for weighing a load, a height sensor, for measuring a height of the forks, and a distance sensor for determining whether the vehicle has moved. When the data from each of these sensors exceeds a corresponding minimum value, a vehicle control system increments a pallet counter. A count of the number of pallets moved is therefore maintained without the need for tracking specific pallets of for adding expensive components and devices.

Type: Grant

Filed: 2008-07-10

Date of Patent: 2010-01-14

Assignee : Raymond Corp

Below are the leading companies profiled in this Automated Pallet Truck Market Report:

  
Aethon
  
Aichikikai
  
Amazon Robotics
  
Atab
  
Casun
  
CSTCKM
  
Daifuku Co. Ltd.
  
E&K Automation GmbH
  
Egemin
  
EK AUTOMATION
  
Hitachi
  
Hyster-Yale Materials Handling Inc.
  
Jaten
  
JBT Corporation
  
Kion Group AG
  
KollMorgen
  
KUKA AG
  
Meidensha
  
MTD
  
Oceaneering International Inc.
  
Rocla
  
Seegrid Corporation
  
Siasun
  
Swisslog
  
Toyota Industries Corporation
  
Yonegy

Glo
bal Automated Pallet Truck Market Segmentation:

By Product Type

  
Pallet Transporting Truck
  
Pallet Stacking Truck

By Application

  
Production & Manufacturing,
  
Distribution & Logistics
  
Other
This research comprehensively answers the following 9 important questions:

  
Q.1. What are some of the most promising growth trends in the Automated Pallet Truck market worldwide?
  
Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  
Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Automated Pallet Truck market?
  
Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Automated Pallet Truck market?
  
Q.6.What are the emerging trends post COVID-19 reshuffle in this Automated Pallet Truck market and the what are reasons behind these trends and do they translate in global exploration?
  
Q.7. Who are the major global and regional players in the Automated Pallet Truck market? Which are the strategic initiatives key players are pursuing for business growth?
  
Q.8.Which are the competing products in Automated Pallet Truck market and how big of a threat do they pose for loss of market share by material or product substitution?
  
Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Automated Pallet Truck industry?