General Construction Products & Machinery

Pallet Trucks: Market Size, Growth & Forecast to 2030

The Pallet Trucks market is valued at about $6.9 billion (2026) and is projected to grow at a 3.8% CAGR through 2030. The largest cost driver is Raw Materials (Steel and Components) (45% of spend). North America leads demand at 30%.

Market size
$6.90 bn (2026)
CAGR to 2030
+3.8%
Buyer power
Balanced
Tracked suppliers
45
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 3.8% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 121

Cost structure

Raw Materials (Steel and Components)
45%
Direct Labor and Assembly
20%
Logistics and Inland Freight
15%
Manufacturing Overhead and Energy
12%
Hydraulics and Battery Systems
8%

Regional demand split

North America demand
30%
Europe demand
28%
Asia Pacific demand
32%
Rest of world demand
10%

Key suppliers

Toyota Industries CorporationJungheinrich AGKION Group AGCrown Equipment CorporationHyster-Yale Materials HandlingEP Equipment
Read the full Pallet Trucks report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/pallet-trucks