Global Hand Trucks Market Research Report 2020
Hand truck, is an L-shaped box-moving handcart with handles at one end, wheels at the base, with a small ledge to set objects on, flat against the floor when the hand-truck is upright.
The global production of Hand Trucks is about 19822 K Units in 2016, China is the largest produce region in 2016, the production volume is about 8732 K Unit, the market share is about 44.05%; Southeast Asia is the second largest produce region in 2016, the production is about 3153 K Unit, the market share is about 15.90%;
The average price of Hand Trucks is about 96 USD per Unit in 2016, the average gross margin is about 22.67%, the gross margin shows downstream trend;
The hand trucks can be divided into 5 types, Under 150 pound, 150-300 pound, 300-600 pound, 600-1,000 pound, Over 1,000 pound. The 300-600 pound occupies largest market share about 41.24% in 2016; the hand trucks can be divided into four types by application which are Transport stations, Retail, Households, Other. The Retail occupies about 51.86% market share;
In the future, with the development of technology and economic level, and the ownership of Hand Trucks keeps rising, the Hand Trucks will have great increase range; the developing countries will be high growth rate market.
Market Analysis and Insights: Global Hand Trucks Market
The global Hand Trucks market is valued at 621.4 million US$ in 2020 is expected to reach 771.3 million US$ by the end of 2026, growing at a CAGR of 3.1% during 2021-2026.
Global Hand Trucks Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Market Segment Analysis
The research report includes specific segments by Type and by Application. Each type provides information about the production during the forecast period of 2015 to 2026. Application segment also provides consumption during the forecast period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Steel Hand Trucks
Aluminum Hand Trucks
Segment by Application
Offline Sales
Online Sales
Global Hand Trucks Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Hand Trucks market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global Hand Trucks Market:
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
The major players in the market include Harper Trucks, Inc., Milwaukee Hand Trucks (Gleason Industrial Product), Magliner, Little Giant (Brennan Equipment and Manufacturing, Inc.), Qingdao Huatian Hand Truck Co., Ltd., Qingdao Taifa Group, B&P Manufacturing (Craig and Tracy Hewett), Wesco Industrial Products, LLC., Maker Group Industry Limited, BIL Group, The Fairbanks Company, Qingdao Giant Industry&Trading, Qingdao Xinjiangyuan Power Technology, Qingdao Zhenhua Industrial Group Co., Ltd., etc.
The global production of Hand Trucks is about 19822 K Units in 2016, China is the largest produce region in 2016, the production volume is about 8732 K Unit, the market share is about 44.05%; Southeast Asia is the second largest produce region in 2016, the production is about 3153 K Unit, the market share is about 15.90%;
The average price of Hand Trucks is about 96 USD per Unit in 2016, the average gross margin is about 22.67%, the gross margin shows downstream trend;
The hand trucks can be divided into 5 types, Under 150 pound, 150-300 pound, 300-600 pound, 600-1,000 pound, Over 1,000 pound. The 300-600 pound occupies largest market share about 41.24% in 2016; the hand trucks can be divided into four types by application which are Transport stations, Retail, Households, Other. The Retail occupies about 51.86% market share;
In the future, with the development of technology and economic level, and the ownership of Hand Trucks keeps rising, the Hand Trucks will have great increase range; the developing countries will be high growth rate market.
Market Analysis and Insights: Global Hand Trucks Market
The global Hand Trucks market is valued at 621.4 million US$ in 2020 is expected to reach 771.3 million US$ by the end of 2026, growing at a CAGR of 3.1% during 2021-2026.
Global Hand Trucks Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Market Segment Analysis
The research report includes specific segments by Type and by Application. Each type provides information about the production during the forecast period of 2015 to 2026. Application segment also provides consumption during the forecast period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Steel Hand Trucks
Aluminum Hand Trucks
Segment by Application
Offline Sales
Online Sales
Global Hand Trucks Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Hand Trucks market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global Hand Trucks Market:
Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
The major players in the market include Harper Trucks, Inc., Milwaukee Hand Trucks (Gleason Industrial Product), Magliner, Little Giant (Brennan Equipment and Manufacturing, Inc.), Qingdao Huatian Hand Truck Co., Ltd., Qingdao Taifa Group, B&P Manufacturing (Craig and Tracy Hewett), Wesco Industrial Products, LLC., Maker Group Industry Limited, BIL Group, The Fairbanks Company, Qingdao Giant Industry&Trading, Qingdao Xinjiangyuan Power Technology, Qingdao Zhenhua Industrial Group Co., Ltd., etc.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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