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You are here: Home / News / Warehouse News / Prospects of Pallet Trucks Market Remain Positive as Warehousing Industry Gains Ground in Light of Elevating Online Shopping Trends

Prospects of Pallet Trucks Market Remain Positive as Warehousing Industry Gains Ground in Light of Elevating Online Shopping Trends

View original at www.globenewswire.com

Rockville, MD, June 01, 2018 (GLOBE NEWSWIRE) — 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. Request For Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=614 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. The study has envisaged North America to lead the pallet trucks market, driven by increasing warehousing space that has influenced real estate, supply chains, and technology advancements in material handling since the recent past. Most companies in North America are focusing on the implementation of warehouse management system, in a bid to be more efficient and effective in ecommerce and beyond. This will spur demand for critical material handling machinery such as pallet trucks in the region. In Europe, projects are underway regarding the development of autonomous pallet jacks and forklift trucks, for operating abreast human workers in manufacturing facilities. Popular as automatic guided vehicles (AGVs), autonomous pallet trucks being developed will facilitate packing, palletizing, and transporting goods with minimal operator intervention. Such development efforts will impact future growth of the pallet trucks market in Europe. Pallet Trucks Market: Electric Pallet Trucks Spearhead with Hydraulic Counterparts on the Trail […]

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Sue Boczenowski is the Marketing Manager for Abel Womack.

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