Global Hand Trucks Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hand Trucks Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Hand Trucks market finds that the global Hand Trucks market reached a value of USD 731.61 million in 2022. It’s expected that the market will achieve USD 891.65 million by 2028, exhibiting a CAGR of 3.35% during the forecast period.

With the changes in downstream demand and the improvement of various standards in the industry, there is currently a wide variety of hand trucks with different characteristics. Hand trucks for different purposes have different body structures. Most general four-wheeled hand trucks have a cargo platform. Special hand trucks have a variety of structures. Some car bodies are made into a box shape, which is suitable for carrying lightweight and easy to load and unload items; some car bodies extend out of the bracket to facilitate the placement of rods, shafts, pipes, and other parts; some for easy loading and unloading For barrel-shaped goods such as liquids and paper rolls, there are two flat steels on the car body to form a low slope to facilitate the barrels to roll up and down. Modern hand trucks are equipped with rolling bearings, and the wheels use solid tires or pneumatic tires.

REGIONAL INVESTMENT OPPORTUNITY

Europe and the United States have relatively developed economies, private gardens have a high rate of ownership, home garden maintenance and operations, such as pruning branches, trimming lawns, etc., have a strong demand for garden tools and transportation tools, which drives the demand for Hand Trucks.
Africa is rich in mineral resources, and mineral resources were once an important industrial pillar supporting the prosperity of African resource-based economies such as South Africa. In recent years, the political situation in Africa from chaos to governance and the gradual improvement of African infrastructure have provided new impetus for mining companies to further develop African mining. In Africa, Hand Trucks are mostly used in mines, and the development of mining will promote downstream market demand and provide new opportunities for players in the industry.
The desert countries of the Middle East, known for their oil production, have invested huge amounts in national construction projects in recent years, and the civil construction market has clearly recovered. The development of the construction industry in the Middle East has promoted the demand for Hand Trucks.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Harper Trucks, Gleason Corporation, Magline, Inc, Qingdao Huatian Hand Truck Co., Ltd. and Brennan Equipment & Mfg. Inc. are the five key players in the global Hand Trucks market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Hand Trucks market in the past 5 years.

Gleason Corporation develops, manufactures, and sells gear production machinery and equipment. The Company offers cylindrical, bevel, and analytical gear inspection, as well as workholding and cutting tools. Gleason serves automotive, aerospace, energy, and technology industries worldwide.

Magline, Inc. operates as a sheet metal contractor. The Company offers delivery systems, powered, multi position, merchandising, brake, platform trucks, dollies, and ramps. Magline serves customers worldwide.

Segmentation Overview:

Among different product types, Steel Hand Trucks segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Offline Sales segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Hand Trucks market covered in Chapter 3:

Brennan Equipment & Mfg. Inc.
Qingdao Zhenhua Industrial Group Co., Ltd.
B&P Manufacturing
Wesco Industrial Products, LLC.
Magline, Inc
Harper Trucks
Qingdao Taifa Group
Qingdao Giant Industry&Trading
BIL Group
Qingdao Huatian Hand Truck Co., Ltd.
Gleason Corporation
Maker Group Industry Limited
Qingdao Xinjiangyuan Power Technology

In Chapter 4 and Chapter 14.2, on the basis of types, the Hand Trucks market from 2018 to 2029 is primarily split into:

Steel Hand Trucks
Aluminum Hand Trucks

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hand Trucks market from 2018 to 2029 covers:

Online Sales
Offline Sales

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)