Product Code: A323795
The automated pallet truck market was valued at $4895.82 million in 2022 and is estimated to reach $3489.32 million by 2032, exhibiting a CAGR of 21.7% from 2023 to 2032.
An automated pallet truck is a type of material handling equipment used in warehouses, distribution centers, and manufacturing facilities to transport and handle palletized goods. The automated pallet truck differs from the conventional manual pallet truck as it does not rely on human operators to push or pull it. Instead, it is equipped with advanced technologies that enable it to navigate and operate autonomously or semi-autonomously. This truck is designed to move pallets of goods efficiently and safely within a facility. It features electric propulsion systems for movement and utilizes technologies such as sensors, cameras, lasers, and onboard computers to navigate through the facility, prevent obstacles, and interact with other equipment or personnel.
Rise in demand for warehouse automation is a significant driver of the automated pallet truck market. With the growth of e-commerce and omnichannel retailing, there is a rising need for warehouse automation to handle the surge in order volumes efficiently. Moreover, the trend toward industrial automation, driven by the need for increased efficiency, productivity, and cost reduction, is a significant determinant of the automated pallet trucks market growth. As companies across various industries adopt automation technologies to streamline their operations, the demand for automated pallet trucks as a part of automated material handling systems increases.
However, high initial investment cost has hampered the growth of the automated pallet truck market. On the contrary, advancements in technology by major players in automated pallet trucks market provides lucrative opportunity for the growth of the market. For instance, in March 2023, Big Joe introduced an autonomous pallet mover in partnership with Thoro.Ai, a company specializing in AI and automation solutions. This collaboration combines Big Joe's expertise in material handling equipment with Thoro.Ai's advanced AI technology to develop a pallet mover capable of autonomous operation. The autonomous pallet mover streamlines pallet transportation tasks within warehouses and distribution centers, offering increased efficiency, flexibility, and productivity. It leverages AI algorithms and sensor technology to navigate warehouse environments, pick up and transport pallets, and interact safely with humans and other equipment. Through this partnership, Big Joe aims to provide innovative solutions that meet the evolving needs of the material handling industry.
Segmentation Overview
The global automated pallet truck market is segmented into type, application, and region. Depending on the type, the market is classified into pallet transporting truck and pallet stacking truck. As per application, it is categorized into production & manufacture, distribution & logistics, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, Latin America, and Middle East Africa.
Key Findings
Depending on type, the pallet transporting truck segment accounted for the highest market share in 2022.
According to the application, the production and manufacture segment acquired the maximum market share in 2022.
Region wise, Asia-Pacific dominated the automated pallet truck market in 2022.
Competitive Analysis
The report analyzes the profiles of key players operating in the automated pallet truck market such as Aichikikai, Amazon Robotics, ATAP Inc, Daifuku, Dematic, JBT Corporation, Meidensha, Mitsubishi Caterpillar Forklift, Seegrid Corporation, and Swisslog. These players have adopted various strategies, including mergers & acquisitions, partnerships, collaborations, and product development & innovation to increase their market penetration and strengthen their position in the automated pallet truck market.
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- Investment Opportunities
- Market share analysis of players by products/segments
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Type
- Pallet Transporting Truck
- Pallet Stacking Truck
By Application
- Production and Manufacture
- Distribution and Logistics
- Others
By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
Key Market Players:
- Aichikikai
- Amazon Robotics
- ATAP Inc
- Daifuku
- Dematic
- JBT Corporation
- Meidensha Corporation
- Mitsubishi Caterpillar Forklift
- Seegrid Corporation
- Swisslog AG
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report Description
- 1.2. Key Market Segments
- 1.3. Key Benefits
- 1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
- 3.1. Market Definition and Scope
- 3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
- 3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
- 3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
CHAPTER 4: AUTOMATED PALLET TRUCK MARKET, BY TYPE
- 4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Type
- 4.2. Pallet Transporting Truck
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
- 4.3. Pallet Stacking Truck
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
CHAPTER 5: AUTOMATED PALLET TRUCK MARKET, BY APPLICATION
- 5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Application
- 5.2. Production And Manufacture
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
- 5.3. Distribution And Logistics
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
- 5.4. Others
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country
CHAPTER 6: AUTOMATED PALLET TRUCK MARKET, BY REGION
- 6.1. Market Overview
- 6.1.1 Market Size and Forecast, By Region
- 6.2. North America
- 6.2.1. Key Market Trends and Opportunities
- 6.2.2. Market Size and Forecast, By Type
- 6.2.3. Market Size and Forecast, By Application
- 6.2.4. Market Size and Forecast, By Country
- 6.2.5. U.S. Automated Pallet Truck Market
- 6.2.5.1. Market Size and Forecast, By Type
- 6.2.5.2. Market Size and Forecast, By Application
- 6.2.6. Canada Automated Pallet Truck Market
- 6.2.6.1. Market Size and Forecast, By Type
- 6.2.6.2. Market Size and Forecast, By Application
- 6.2.7. Mexico Automated Pallet Truck Market
- 6.2.7.1. Market Size and Forecast, By Type
- 6.2.7.2. Market Size and Forecast, By Application
- 6.3. Europe
- 6.3.1. Key Market Trends and Opportunities
- 6.3.2. Market Size and Forecast, By Type
- 6.3.3. Market Size and Forecast, By Application
- 6.3.4. Market Size and Forecast, By Country
- 6.3.5. France Automated Pallet Truck Market
- 6.3.5.1. Market Size and Forecast, By Type
- 6.3.5.2. Market Size and Forecast, By Application
- 6.3.6. Germany Automated Pallet Truck Market
- 6.3.6.1. Market Size and Forecast, By Type
- 6.3.6.2. Market Size and Forecast, By Application
- 6.3.7. Italy Automated Pallet Truck Market
- 6.3.7.1. Market Size and Forecast, By Type
- 6.3.7.2. Market Size and Forecast, By Application
- 6.3.8. Spain Automated Pallet Truck Market
- 6.3.8.1. Market Size and Forecast, By Type
- 6.3.8.2. Market Size and Forecast, By Application
- 6.3.9. UK Automated Pallet Truck Market
- 6.3.9.1. Market Size and Forecast, By Type
- 6.3.9.2. Market Size and Forecast, By Application
- 6.3.10. Russia Automated Pallet Truck Market
- 6.3.10.1. Market Size and Forecast, By Type
- 6.3.10.2. Market Size and Forecast, By Application
- 6.3.11. Rest of Europe Automated Pallet Truck Market
- 6.3.11.1. Market Size and Forecast, By Type
- 6.3.11.2. Market Size and Forecast, By Application
- 6.4. Asia-Pacific
- 6.4.1. Key Market Trends and Opportunities
- 6.4.2. Market Size and Forecast, By Type
- 6.4.3. Market Size and Forecast, By Application
- 6.4.4. Market Size and Forecast, By Country
- 6.4.5. China Automated Pallet Truck Market
- 6.4.5.1. Market Size and Forecast, By Type
- 6.4.5.2. Market Size and Forecast, By Application
- 6.4.6. Japan Automated Pallet Truck Market
- 6.4.6.1. Market Size and Forecast, By Type
- 6.4.6.2. Market Size and Forecast, By Application
- 6.4.7. India Automated Pallet Truck Market
- 6.4.7.1. Market Size and Forecast, By Type
- 6.4.7.2. Market Size and Forecast, By Application
- 6.4.8. South Korea Automated Pallet Truck Market
- 6.4.8.1. Market Size and Forecast, By Type
- 6.4.8.2. Market Size and Forecast, By Application
- 6.4.9. Australia Automated Pallet Truck Market
- 6.4.9.1. Market Size and Forecast, By Type
- 6.4.9.2. Market Size and Forecast, By Application
- 6.4.10. Thailand Automated Pallet Truck Market
- 6.4.10.1. Market Size and Forecast, By Type
- 6.4.10.2. Market Size and Forecast, By Application
- 6.4.11. Malaysia Automated Pallet Truck Market
- 6.4.11.1. Market Size and Forecast, By Type
- 6.4.11.2. Market Size and Forecast, By Application
- 6.4.12. Indonesia Automated Pallet Truck Market
- 6.4.12.1. Market Size and Forecast, By Type
- 6.4.12.2. Market Size and Forecast, By Application
- 6.4.13. Rest of Asia-Pacific Automated Pallet Truck Market
- 6.4.13.1. Market Size and Forecast, By Type
- 6.4.13.2. Market Size and Forecast, By Application
- 6.5. LAMEA
- 6.5.1. Key Market Trends and Opportunities
- 6.5.2. Market Size and Forecast, By Type
- 6.5.3. Market Size and Forecast, By Application
- 6.5.4. Market Size and Forecast, By Country
- 6.5.5. Brazil Automated Pallet Truck Market
- 6.5.5.1. Market Size and Forecast, By Type
- 6.5.5.2. Market Size and Forecast, By Application
- 6.5.6. South Africa Automated Pallet Truck Market
- 6.5.6.1. Market Size and Forecast, By Type
- 6.5.6.2. Market Size and Forecast, By Application
- 6.5.7. Saudi Arabia Automated Pallet Truck Market
- 6.5.7.1. Market Size and Forecast, By Type
- 6.5.7.2. Market Size and Forecast, By Application
- 6.5.8. UAE Automated Pallet Truck Market
- 6.5.8.1. Market Size and Forecast, By Type
- 6.5.8.2. Market Size and Forecast, By Application
- 6.5.9. Argentina Automated Pallet Truck Market
- 6.5.9.1. Market Size and Forecast, By Type
- 6.5.9.2. Market Size and Forecast, By Application
- 6.5.10. Rest of LAMEA Automated Pallet Truck Market
- 6.5.10.1. Market Size and Forecast, By Type
- 6.5.10.2. Market Size and Forecast, By Application
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top Winning Strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Top Player Positioning, 2023
CHAPTER 8: COMPANY PROFILES
- 8.1. Aichikikai
- 8.1.1. Company Overview
- 8.1.2. Key Executives
- 8.1.3. Company Snapshot
- 8.1.4. Operating Business Segments
- 8.1.5. Product Portfolio
- 8.1.6. Business Performance
- 8.1.7. Key Strategic Moves and Developments
- 8.2. Amazon Robotics
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Operating Business Segments
- 8.2.5. Product Portfolio
- 8.2.6. Business Performance
- 8.2.7. Key Strategic Moves and Developments
- 8.3. ATAP Inc
- 8.3.1. Company Overview
- 8.3.2. Key Executives
- 8.3.3. Company Snapshot
- 8.3.4. Operating Business Segments
- 8.3.5. Product Portfolio
- 8.3.6. Business Performance
- 8.3.7. Key Strategic Moves and Developments
- 8.4. Daifuku
- 8.4.1. Company Overview
- 8.4.2. Key Executives
- 8.4.3. Company Snapshot
- 8.4.4. Operating Business Segments
- 8.4.5. Product Portfolio
- 8.4.6. Business Performance
- 8.4.7. Key Strategic Moves and Developments
- 8.5. Dematic
- 8.5.1. Company Overview
- 8.5.2. Key Executives
- 8.5.3. Company Snapshot
- 8.5.4. Operating Business Segments
- 8.5.5. Product Portfolio
- 8.5.6. Business Performance
- 8.5.7. Key Strategic Moves and Developments
- 8.6. JBT Corporation
- 8.6.1. Company Overview
- 8.6.2. Key Executives
- 8.6.3. Company Snapshot
- 8.6.4. Operating Business Segments
- 8.6.5. Product Portfolio
- 8.6.6. Business Performance
- 8.6.7. Key Strategic Moves and Developments
- 8.7. Meidensha Corporation
- 8.7.1. Company Overview
- 8.7.2. Key Executives
- 8.7.3. Company Snapshot
- 8.7.4. Operating Business Segments
- 8.7.5. Product Portfolio
- 8.7.6. Business Performance
- 8.7.7. Key Strategic Moves and Developments
- 8.8. Mitsubishi Caterpillar Forklift
- 8.8.1. Company Overview
- 8.8.2. Key Executives
- 8.8.3. Company Snapshot
- 8.8.4. Operating Business Segments
- 8.8.5. Product Portfolio
- 8.8.6. Business Performance
- 8.8.7. Key Strategic Moves and Developments
- 8.9. Seegrid Corporation
- 8.9.1. Company Overview
- 8.9.2. Key Executives
- 8.9.3. Company Snapshot
- 8.9.4. Operating Business Segments
- 8.9.5. Product Portfolio
- 8.9.6. Business Performance
- 8.9.7. Key Strategic Moves and Developments
- 8.10. Swisslog AG
- 8.10.1. Company Overview
- 8.10.2. Key Executives
- 8.10.3. Company Snapshot
- 8.10.4. Operating Business Segments
- 8.10.5. Product Portfolio
- 8.10.6. Business Performance
- 8.10.7. Key Strategic Moves and Developments