The market for hand trucks is expected to grow at a rapid pace throughout the forecast period from 2020 to 2027.
Hand Trucks are also termed as two-wheeler, trundler, box cart, stack truck, sack barrow, bag barrow, cart, or sack truck. Hand Truck is an L-shaped box-moving handcart designed to move heavy objects with hand. The designed components include wheels at the base, handles at one end, and small ledge to set objects on, and flat against the floor when the hand-truck is upright, the complete device gets tilted backward until balanced for easy pulling or pushing.
The rapidly expanding transportation and logistics industry across the globe along with the rapid industrialization is supporting the market growth. The increasing need for a machine or equipment that can move heavy goods with ease is supporting the market value. The increasing number of warehouses for the automotive and food industry is further boosting the demand for Hand Trucks in the market. Additionally, the growing population of developing economies, rising globalization are further supporting the market growth.
Furthermore, the increasing demand for industrial products especially in emerging economies and untapped markets across the globe is projected to create potential opportunities throughout the forecast timeframe from 2020 to 2027.
Retail & Logistics segment has registered maximum share in the Hand Trucks market
By application, the retail & logistics segment is leading the global market with a major share (%) in terms of revenue. The rapidly expanding retail and logistics sector worldwide is bolstering the demand for hand trucks. The hand trucks market is also gaining demand due to developing economies whose increasing disposable is supporting the growth. The expanding food sector is boosting the demand for hand trucks for the efficient movement of products in the retail sector. The increasing number of supermarkets in urban areas is further bolstering the market value.
Asia Pacific is leading the Hand Trucks market
In 2019, Asia Pacific is accounted for the maximum revenue share (%) in the global market, and the region is also projected to maintain its dominance over the estimated period. The major emerging economies of the region including China and India are the major contributors to regional market growth. The rapid industrialization, increasing disposable income, growing spending power and infrastructural development are some of the factors contributing to the regional market value.
The players profiled in the report include B&P Manufacturing (Craig and Tracy Hewett), BIL Group, Harper Trucks, Inc., Little Giant (Brennan Equipment and Manufacturing, Inc.), Magliner, Maker Group Industry Limited, Milwaukee Hand Trucks (Gleason Industrial Product), Qingdao Giant Industry & Trading, Qingdao Huatian Hand Truck Co., Ltd., Qingdao Taifa Group, Qingdao Xinjiangyuan Power Technology, Qingdao Zhenhua Industrial Group Co., Ltd., The Fairbanks Company, Wesco Industrial Products, LLC., and others. The major players are involved in development of advance and new products for expanding the market share. Following are some of the recent product available in the market.
Magna Cart Personal 150 lb Capacity Aluminum Folding Hand Truck available in Black & Red color
Cosco Shifter, 300-Pound Capacity Multi-Position Heavy Duty Folding Hand Truck and Dolly available in Green color
Magna Cart, Steel Folding Hand Truck with 150 lb Capacity
Cosco Shifter, Multi-Position Folding Hand Truck and Cart with 300-Pound Capacity available in Orange color
FCH Folding Hand Truck Aluminum Portable Folding Hand Cart 165 lb Capacity Hand Cart and Dolly Ideal
KingSo Folding Hand Truck with 330-lb Heavy Duty Capacity Portable Aluminum Alloy Cart and Dolly
FULLWATT 264 lb Capacity Aluminum Folding Hand Truck and Dolly Cart
Harper Trucks Lightweight with 400 lb Capacity
Wellmax Push Cart Dolly, Moving Platform Hand Truck, 360 Degree Foldable for Easy Storage
JKC HOME-STAR Folding Hand Truck with 150 lb Capacity
Market By Material Type
Steel Hand Trucks
Aluminum Hand Trucks
Market By Product Type
Under 150 pound
Over 1,000 pound
Market By Application
Retail & Logistics
Market By Geography
Middle East & Africa