As stated by a market research institution, P&S Intelligence, the revenue generated by the electric pallet jack and stacker market was USD 4,402 million in 2022, and it will power at a CAGR of 6.1% by the end of this decade, to touch USD 7,069 million by 2030.
The operator-driven type was the major category, with approximately 90% share of the revenue, in 2022. These kinds of variants are put to use for conveying pallets in a warehouse. The necessity for operator-driven material handling equipment is growing unceasingly to advance competence in logistics and manufacturing facilities.
The operator-driven category is divided into walkie and ride-on, of which electric walkies was the dominator of the market.
The above 2,000 kg load capacity will grow at the highest rate in the market. The requirement for these machines is powered by the powerful motors, offering them a considerable lifting capacity of above 2,000 kg.
Therefore, these pallet jacks and stackers are put to use in industrial and heavy manufacturing industries for lifting heavy loads. This equipment offers more than a few advantages, for example increased efficiency, speed and reduced effort on the part of the operator. Moreover, it offers a strong structure for handling heavy loads and a strong base for stability.
APAC dominated electric pallet jack and stacker market, regarding revenue. The ascendancy of the region on the worldwide market is credited to the high acceptance of industrial automation solutions.
Moreover, the quick propagation of logistics centers and warehouses in diverse regions is supporting the requirement for these kinds of material handling solutions.
It is because of the increasing acceptance of latest technologies; the electric jack and stacker sales will continue to increase in the years to come.
