Market Overview:
The global drum trucks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for drum trucks from various end-use industries, such as automotive, chemical, food and beverage, and pharmaceuticals. Drum trucks are used for handling drums that contain liquids or solids. These vehicles are available in different types such as 4 wheel drum trucks and 2 wheel drum trucks. The 4 wheeled truck is more popular among users as it offers stability while transporting drums. Based on type, the global drum truck market can be segmented into 200 lb., 500 lb., 550 lb., 800 lb., 1000 lb., 1200 lb., and others segments.
Product Definition:
A drum truck is a type of material handling equipment that is specifically designed to move drums. They are typically used in industrial and commercial settings where there is a need to move large numbers of drums. Drum trucks can be either manual or powered, and they come in a variety of sizes to accommodate different types and sizes of drums.
4 Wheel Drum Trucks:
4 wheel drum trucks are used in various applications such as sound reinforcement, film industry, live shows and events. They are also used in various other industries such as construction equipment, waste handling & recycling industries. The factors that propel the growth of this market include increasing demand for entertainment and sports application across the globe which is projected to drive innovation in 4 wheel drum trucks market over the forecast period.
2 Wheel Drum Trucks:
2 wheel drum trucks are used in the market for transporting goods to and from warehouses, ports, rail yards and distribution centers. They are also used in loading/unloading bulk materials such as sand, cement or grains at construction sites or ports. These types of vehicles can carry a large amount of weight with the help of sturdy tires which makes them suitable for transportation across uneven surfaces.
Application Insights:
The 200 lb application segment held the largest share of over 40.0% in 2017. The segment is projected to witness significant growth during the forecast period owing to its rising applications in various industries such as food and beverage, pharmaceuticals, chemical, paper and pulp among others.
The 500 lb application segment is expected to grow at a CAGR of XX% from 2018 to 2030 owing to its increasing use in warehouses for storage purposes coupled with low maintenance cost associated with it makes it an ideal choice for warehouse operators across the globe including North America, Europe.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing demand for heavy machinery from various end-use industries, such as construction and mining. Moreover, rising awareness regarding health and safety standards while operating heavy machinery is projected to propel product demand over the forecast period.
Asia Pacific is anticipated to witness significant growth during the forecast years on account of rapid industrialization coupled with supportive government initiatives aimed at promoting manufacturing activities within India and China. In addition, favorable policies framed by governments across emerging economies pertaining to foreign direct investments are likely boost regional product demand during the estimated time span.
Growth Factors:
- Increasing demand for drums in various end-use industries such as chemicals, pharmaceuticals, and food & beverages.
- Growing popularity of drum trucks for safe and efficient transportation of drums across different locations.
- Rising investments by key players in research and development to develop innovative products that cater to the specific needs of customers.
- Proliferation of online platforms that offer a wide range of drum trucks from leading brands at competitive prices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Drum Trucks Market Research Report
By Type
4 Wheel Drum Trucks, 2 Wheel Drum Trucks
By Application
200 lb, 500 lb, 550 lb, 800 lb, 1000 lb, 1200 lb
By Companies
Wesco, Fairbanks Casters, Dayton, Milwaukee, Vestil, Eoslift, Sealey, W&J, PRESTO, Roughneck, Wesco, National Spencer, ER Wagner
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Drum Trucks Market Report Segments:
The global Drum Trucks market is segmented on the basis of:
Types
4 Wheel Drum Trucks, 2 Wheel Drum Trucks
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
200 lb, 500 lb, 550 lb, 800 lb, 1000 lb, 1200 lb
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wesco
- Fairbanks Casters
- Dayton
- Milwaukee
- Vestil
- Eoslift
- Sealey
- W&J
- PRESTO
- Roughneck
- Wesco
- National Spencer
- ER Wagner
Highlights of The Drum Trucks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 4 Wheel Drum Trucks
- 2 Wheel Drum Trucks
- By Application:
- 200 lb
- 500 lb
- 550 lb
- 800 lb
- 1000 lb
- 1200 lb
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Drum Trucks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Drum trucks are large, heavy vehicles that are used to transport drums and other large objects. They typically have a flatbed truck bed that is wide enough to hold several drums at once, as well as a set of four or more large, metal wheels that allow them to move easily over the ground. Drum trucks are often painted bright colors in order to make them easily visible on the road, and they often have loud speakers mounted on the roof in order to provide music for drivers and passengers while they're traveling.
Some of the major players in the drum trucks market are Wesco, Fairbanks Casters, Dayton, Milwaukee, Vestil, Eoslift, Sealey, W&J, PRESTO, Roughneck, Wesco, National Spencer, ER Wagner.
The drum trucks market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Drum Trucks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Drum Trucks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Drum Trucks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Drum Trucks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Drum Trucks Market Size & Forecast, 2020-2028
4.5.1 Drum Trucks Market Size and Y-o-Y Growth
4.5.2 Drum Trucks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 4 Wheel Drum Trucks
5.2.2 2 Wheel Drum Trucks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 200 lb
6.2.2 500 lb
6.2.3 550 lb
6.2.4 800 lb
6.2.5 1000 lb
6.2.6 1200 lb
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drum Trucks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Drum Trucks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 4 Wheel Drum Trucks
9.6.2 2 Wheel Drum Trucks
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 200 lb
9.10.2 500 lb
9.10.3 550 lb
9.10.4 800 lb
9.10.5 1000 lb
9.10.6 1200 lb
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 4 Wheel Drum Trucks
10.6.2 2 Wheel Drum Trucks
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 200 lb
10.10.2 500 lb
10.10.3 550 lb
10.10.4 800 lb
10.10.5 1000 lb
10.10.6 1200 lb
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 4 Wheel Drum Trucks
11.6.2 2 Wheel Drum Trucks
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 200 lb
11.10.2 500 lb
11.10.3 550 lb
11.10.4 800 lb
11.10.5 1000 lb
11.10.6 1200 lb
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 4 Wheel Drum Trucks
12.6.2 2 Wheel Drum Trucks
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 200 lb
12.10.2 500 lb
12.10.3 550 lb
12.10.4 800 lb
12.10.5 1000 lb
12.10.6 1200 lb
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 4 Wheel Drum Trucks
13.6.2 2 Wheel Drum Trucks
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 200 lb
13.10.2 500 lb
13.10.3 550 lb
13.10.4 800 lb
13.10.5 1000 lb
13.10.6 1200 lb
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Drum Trucks Market: Competitive Dashboard
14.2 Global Drum Trucks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wesco
14.3.2 Fairbanks Casters
14.3.3 Dayton
14.3.4 Milwaukee
14.3.5 Vestil
14.3.6 Eoslift
14.3.7 Sealey
14.3.8 W&J
14.3.9 PRESTO
14.3.10 Roughneck
14.3.11 Wesco
14.3.12 National Spencer
14.3.13 ER Wagner
