Pallet Trucks Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Aug 2022

Pages: 139

SKU: IRTNTR45895

Snapshot

The pallet trucks market share is expected to increase by USD 1.93 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.57%.

This pallet trucks market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers pallet truck market segmentation by end-user (automotive industry, food and beverages industry, retail industry, and other industries) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The pallet trucks market report also offers information on several market vendors, including Anhui Heli Co. Ltd., BPR Rico Equipment Inc., Crown Equipment Corp., Hangcha Group Co. Ltd., Hyster Yale Materials Handling Inc., Hyundai Heavy Industries Co. Ltd., Jungheinrich AG, KION GROUP AG, Liftek FZC, Lokpal Industries, Manitou BF SA, Mazda Motor Corp, Nido Machineries Pvt. Ltd., Nilkamal Ltd., Noveltek Industrial Manufacturing Inc., Patel Material Handling Equipment, Presto Lifts Inc., Puma Lift Trucks Pvt. Ltd., Sroka Inc., and Godrej and Boyce Manufacturing Co. Ltd. among others.

What will the Pallet Trucks Market Size be During the Forecast Period?

Download Report Sample to Unlock the Pallet Trucks Market Size for the Forecast Period and Other Important Statistics

Pallet Trucks Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The increasing demand for packaged food and beverages is notably driving the pallet trucks market growth, although factors such as increased use of vertical space in warehouses may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the pallet trucks market industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Pallet Trucks Market Driver

Increasing demand for packaged food and beverages is one of the major drivers impacting the pallet trucks market growth. With the rising population and economy, there is a rise in the number of food products being bought. Also, various reasons, such as a busy lifestyle that do not allow people to cook food at home, and factors, such as the easy availability of packaged food, are driving the market for packaged food. In addition, rising competition among food-producing companies is compelling them to provide better services such as faster and on-time deliveries of the product. This has led companies to set up warehouses near the cities. Moreover, it has been noted that Costco, a membership warehouse club selling packaged food and beverage items, has been increasingly adding warehouses worldwide.

Key Pallet Trucks Market Trend

The rising popularity of autonomous vehicles is one of the major trends influencing the pallet truck market growth. An autonomous vehicle is capable of navigating without input from a human. However, in terms of vehicles used in a warehouse, there is a significant difference between driverless and autonomous vehicles. Autonomous vehicles can make decisions in response to their environment, whereas driverless vehicles, such as automatic guided vehicles (AGV), are limited to a programmed path or controlled from outside the vehicle. A typical AGV, such as pallet trucks used in warehouses, generally follows a pre-fixed or programmed route and cannot navigate around obstacles themselves. In the case where an obstacle is encountered, an AGV pallet truck stops in its tracks, and human intervention is needed to remove the obstacle and restart the AGV. These types of situations are usually encountered in warehouses and distribution centers, causing congestion and disruption. These shortcomings have limited the use of AGVs in material handling.

Key Pallet Trucks Market Challenge

Increased use of vertical space in warehouses is one of the major challenges impeding the pallet truck market growth. In the warehousing industry, floor space is proportional to profits; more available square footage usually means a more efficient and productive facility. Many facilities charge clients based on square feet, and the cost is increasing across the market. One of the other disadvantages of pallet trucks is their limited capability of loading and unloading pallets at higher heights. This is because they are manufactured to be compact to fit in tight spaces and less expensive to make them affordable for smaller distributors and warehouse operators. In addition, pallet trucks are meant to transport packages over a small distance. Hence, rising vertical space utilization by the companies in the warehouses is expected to impede the global pallet truck market.

This pallet trucks market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global pallet truck market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the pallet trucks market during the forecast period.

Who are the Major Pallet Trucks Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the pallet trucks market encompasses successful business strategies deployed by the key vendors. The pallet trucks market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The pallet trucks market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Pallet Trucks Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the pallet trucks market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Pallet Trucks Market?

For more insights on the market share of various regions Request PDF Sample now!

50% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for pallet trucks in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increased R&D of new types of batteries, the rising popularity of autonomous vehicles, and growing innovations in the pallet trucks market will facilitate the pallet trucks market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The global pallet trucks market in APAC witnessed certain challenges due to the outbreak of COVID-19 in 2020. The pandemic negatively affected many countries, such as China, India, South Korea, and Japan. The outbreak negatively affected the overall economy of the region by disrupting the supply chains and the industrial sectors The imposition of nationwide lockdowns resulted in the temporary closure of industries, including automobile industries. This led to a decline in the use of pallet trucks in 2020.

What are the Revenue-generating End-user Segments in the Pallet Trucks Market?

To gain further insights on the market contribution of various segments Request a PDF Sample

The pallet trucks market share growth in the automotive industry segment will be significant during the forecast period. The growth of the automotive industry declined between 2019 and 2020 due to a decrease in capital expenditure in the automotive industry announced in 2018 by automotive OEMs. The impact of these announcements resulted in a dip in the overall sales of pallet trucks in the automotive industry between 2019 and 2020.

This report provides an accurate prediction of the contribution of all the segments to the growth of the pallet trucks market size and actionable market insights on the post-COVID-19 impact on each segment.

Pallet Trucks Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.57%
Market growth 2022-2026	$ 1.93 billion
Market structure	Fragmented
YoY growth (%)	5.15
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 50%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Anhui Heli Co. Ltd., BPR Rico Equipment Inc., Crown Equipment Corp., Hangcha Group Co. Ltd., Hyster Yale Materials Handling Inc., Hyundai Heavy Industries Co. Ltd., Jungheinrich AG, KION GROUP AG, Liftek FZC, Lokpal Industries, Manitou BF SA, Mazda Motor Corp, Nido Machineries Pvt. Ltd., Nilkamal Ltd., Noveltek Industrial Manufacturing Inc., Patel Material Handling Equipment, Presto Lifts Inc., Puma Lift Trucks Pvt. Ltd., Sroka Inc., and Godrej and Boyce Manufacturing Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID -19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Pallet Trucks Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive pallet trucks market growth during the next five years
Precise estimation of the pallet trucks market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the pallet trucks industry across APAC, Europe, North America, South America, and the Middle East, and Africa
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of pallet trucks market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user

5.3 Automotive industry - Market size and forecast 2021-2026
- Exhibit 28: Chart on Automotive industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Automotive industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Automotive industry - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Automotive industry - Year-over-year growth 2021-2026 (%)

5.4 Food and beverages industry - Market size and forecast 2021-2026
- Exhibit 32: Chart on Food and beverages industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Food and beverages industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Food and beverages industry - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Food and beverages industry - Year-over-year growth 2021-2026 (%)

5.5 Retail industry - Market size and forecast 2021-2026
- Exhibit 36: Chart on Retail industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Retail industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Retail industry - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Retail industry - Year-over-year growth 2021-2026 (%)

5.6 Other industries - Market size and forecast 2021-2026
- Exhibit 40: Chart on Other industries - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Other industries - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Other industries - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Other industries - Year-over-year growth 2021-2026 (%)

5.7 Market opportunity by End-user
- Exhibit 44: Market opportunity by End-user ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026
- Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

7.9 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.12 UK - Market size and forecast 2021-2026
- Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption

9.4 Industry risks
- Exhibit 94: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 95: Vendors covered

10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification

10.3 Anhui Heli Co. Ltd.
- Exhibit 97: Anhui Heli Co. Ltd. - Overview
- Exhibit 98: Anhui Heli Co. Ltd. - Product / Service
- Exhibit 99: Anhui Heli Co. Ltd. - Key offerings

10.4 Crown Equipment Corp.
- Exhibit 100: Crown Equipment Corp. - Overview
- Exhibit 101: Crown Equipment Corp. - Product / Service
- Exhibit 102: Crown Equipment Corp. - Key offerings

10.5 Godrej and Boyce Manufacturing Co. Ltd.
- Exhibit 103: Godrej and Boyce Manufacturing Co. Ltd. - Overview
- Exhibit 104: Godrej and Boyce Manufacturing Co. Ltd. - Business segments
- Exhibit 105: Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
- Exhibit 106: Godrej and Boyce Manufacturing Co. Ltd. - Segment focus

10.6 Hyster Yale Materials Handling Inc.
- Exhibit 107: Hyster Yale Materials Handling Inc. - Overview
- Exhibit 108: Hyster Yale Materials Handling Inc. - Business segments
- Exhibit 109: Hyster Yale Materials Handling Inc. - Key offerings
- Exhibit 110: Hyster Yale Materials Handling Inc. - Segment focus

10.7 Hyundai Heavy Industries Co. Ltd.
- Exhibit 111: Hyundai Heavy Industries Co. Ltd. - Overview
- Exhibit 112: Hyundai Heavy Industries Co. Ltd. - Product / Service
- Exhibit 113: Hyundai Heavy Industries Co. Ltd. - Key offerings

10.8 Jungheinrich AG
- Exhibit 114: Jungheinrich AG - Overview
- Exhibit 115: Jungheinrich AG - Business segments
- Exhibit 116: Jungheinrich AG - Key offerings
- Exhibit 117: Jungheinrich AG - Segment focus

10.9 KION GROUP AG
- Exhibit 118: KION GROUP AG - Overview
- Exhibit 119: KION GROUP AG - Business segments
- Exhibit 120: KION GROUP AG - Key news
- Exhibit 121: KION GROUP AG - Key offerings
- Exhibit 122: KION GROUP AG - Segment focus

10.10 Mazda Motor Corp
- Exhibit 123: Mazda Motor Corp - Overview
- Exhibit 124: Mazda Motor Corp - Business segments
- Exhibit 125: Mazda Motor Corp - Key offerings
- Exhibit 126: Mazda Motor Corp - Segment focus

10.11 Noveltek Industrial Manufacturing Inc.
- Exhibit 127: Noveltek Industrial Manufacturing Inc. - Overview
- Exhibit 128: Noveltek Industrial Manufacturing Inc. - Product / Service
- Exhibit 129: Noveltek Industrial Manufacturing Inc. - Key offerings

10.12 Presto Lifts Inc.
- Exhibit 130: Presto Lifts Inc. - Overview
- Exhibit 131: Presto Lifts Inc. - Product / Service
- Exhibit 132: Presto Lifts Inc. - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 133: Inclusions checklist
- Exhibit 134: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 135: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 136: Research methodology
- Exhibit 137: Validation techniques employed for market sizing
- Exhibit 138: Information sources

11.5 List of abbreviations
- Exhibit 139: List of abbreviations

in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.

slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

Purchase Report

PURCHASE FULL REPORT OF

pallet trucks market

Buy Report - Single User License 2500 USD

QUICK BUY

Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

Why should you prefer Technavio's market insights report?

Off-the-shelf research reports
Reports can be tailored to meet the customer's needs
Trusted by more than 100 fortune 500 organizations
Information about the market's key drivers, trends, and challenges
Parent market analysis
Every week, 50,000 people visit our subscription platform
Detailed vendors report with competitive landscape
Covid-19 impact and recovery analysis
Data on revenue-generating market segments
Details on the market shares of various regions
Five-force market analysis