The global market for hand trucks is likely to benefit immensely from the rapidly growing e-commerce sector around the world. To move the lightweight objects the manually powered vehicles includes hand trucks and carts get utilized by the manufacturing and production utilities. In addition, specialist analysts examine various aspects of the Hand Trucks Market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies. The degree of competition among prominent global companies has been developed by analyzing several leading competitors operating globally. In 2014, the Hand Trucks Market generated revenues of US$ 5.4 trillion at a record high. Statista estimates that the Hand Trucks Market total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. As a result of the pandemic, the Hand Trucks Market also experienced a slowdown. In most industries, the pandemic resulted in some form of loss. The pandemic spread to almost every country in the world. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. In addition, many people have also lost their lives. The COVID-19 pandemic in 2019 engulfed the world. Immense change in the transportation and logistics industries considering independent movement, lifting, and placement of discrete loads in a specific facility has pushed the Hand Truck market positively. Retail & Logistics segment is estimated to be the leading segment of the overall Hand truck market during the forecast period 2021-2027. To move the lightweight objects, the manually powered vehicles which include hand trucks and carts utilized in the manufacturing and production utilities. Retail & Logistics segment is the leading application for the Global Hand truck market during the forecast period. Global Hand Truck Market Competitive LandscapeĬompanies such as Harper Trucks, Inc., Milwaukee Hand Trucks, Magliner, Little Giant, Qingdao Huatian Hand Truck Co., Ltd., Qingdao Taifa Group, B&P Manufacturing, Wesco Industrial Products, LLC., Maker Group Industry Limited, BIL Group, The Fairbanks Company, Qingdao Giant Industry&Trading, BIL Group, Mighty Lift, and Breg Products Ltd are the key players of Hand Truck market globally. Owing to the application of hand truck in multiple sectors like in the food industry and effective automotive maneuver becomes easy. The need for effective management to maneuver the load from one location to another in various industries is one of the biggest challenges. The new warehouses and distribution facilities coming to the area geared toward e-commerce. "Hand Truck Market, by Load-Capacity, by Application, by Region, Growth Potential, Competitive Market Share and Forecast, 2021-2027" The hand truck market is projected to grow with a significant growth rate during the forecast period 2021-2027. Hand Trucks made of steel and aluminium 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. Request To Download Sample of This Strategic Report:. The Hand Trucks market size was US$ $$ billion in 2021, and the global market size is forecast to reach US$ $$ billion by 2030, growing at a compound annual growth rate (CAGR) of % during the forecast period from 2022 to 2030. Each company is regularly assessed using a variety of criteria, including financial insights, regional engagement, market efficiency, crucial data, product range, and segment contribution. The worldwide Hand Trucks market study concentrates on market share and competitiveness index, which aids in assessing the contributions made by the leading player to the sector.
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