Market Overview:
The global electric material handling cart 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 electric material handling carts from commercial and industrial applications. Additionally, the growing awareness about the benefits of using electric material handling carts is also contributing to the growth of this market. Based on type, the global electric material handling cart market can be segmented into stainless steel material, plastic material, and other materials. Stainless steel is currently dominating this segment and is expected to continue its dominance during the forecast period as well. This can be attributed to its properties such as corrosion resistance and durability which make it suitable for use in various applications including food & beverage, pharmaceuticals, and cosmetics industries among others. Based on application, commercial sector accounted for a major share of the global electric Material Handling Cart Market in 2017 owing to rising demand from retail stores and warehouses across different regions worldwide.
Product Definition:
An electric material handling cart is a device that uses an electric motor to move materials. They are often used in factories and warehouses to move heavy or bulky items.
Stainless Steel Material:
Stainless steel material is a strong, corrosion-resistant, and lightweight metal. It has major applications in the electrical & electronics industry due to its properties such as flexibility and ductility.
Plastic Material:
Plastic material is used in the manufacturing of Electric Material Handling Cart. These carts are widely used for moving materials such as steel, wood, plastic sheets and concrete from one place to another within a plant or facility. The material handling equipment is designed with features that help in safe transportation of materials along with providing maximum comfort to the operator while operating the machine. Some of these features include adjustable handle height, foot rest and comfortable seating position among others.
Application Insights:
The global demand for the electric material handling cart has witnessed a paradigm shift owing to rising awareness among consumers regarding environment-friendly products. The commercial application segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing spending by manufacturers of office equipment, computers, laptops and other electronic goods on advertising and marketing campaigns.
The industrial segment is projected to witness significant growth over the forecast period owing to an increase in manufacturing activities across various industries including automotive, construction, electronics and medical devices. Electric material handling carts are widely used in industrial applications as they offer ease of use along with enhanced safety features such as automatic stop function when full or switch off motor when empty ensuring smooth movement of materials throughout production lines at a high speed without causing any damage or wear&tear on components involved during transportation process. These factors are anticipated to drive product demand from industrial applications over the coming years thereby contributing towards overall market growth during this study period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid industrialization, which has resulted in an increasing demand for material handling equipment. China is one of the largest markets for electric material handling equipment owing to its rapidly expanding manufacturing sector and growing commercial infrastructure.
Europe accounted for a significant share of revenue in 2017 owing to rising investments by governments towards upgrading existing facilities with advanced electric materials handling systems. Moreover, stringent government regulations regarding employee safety are anticipated to drive product demand over the forecast period.
Growth Factors:
- Increasing demand for electric material handling carts from the automotive and manufacturing industries due to the advantages offered by these carts over traditional manual material handling methods.
- Growing popularity of electric material handling carts among small and medium-sized businesses due to their low cost of ownership and easy maneuverability.
- Rising demand for electric material handling carts in e-commerce applications as they help reduce shipping costs and improve order fulfillment times.
- Proliferation of automated warehouses, which are increasingly using electric tuggers and other forms of electric transport equipment for moving materials around the facility, is driving demand for electric material handling carts as well. 5) The increasing use of robotics in manufacturing facilities is also contributing to the growth of the market as it requires efficient transportation systems to move parts and components between different workstations
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Material Handling Cart Market Research Report
By Type
Stainless Steel Material, Plastic Material, Other
By Application
Commercial, Industrial
By Companies
Flexqube, Manitowoc, Beumer Group, Toyota, Crown Equipment Corporation, American Grinding and Machining, Qingado Benco Industry, Sharp Industries, Yash Systems, Vimal Industries Material Handling, Flexqube
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Electric Material Handling Cart Market Report Segments:
The global Electric Material Handling Cart market is segmented on the basis of:
Types
Stainless Steel Material, Plastic Material, Other
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
Commercial, Industrial
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:
- Flexqube
- Manitowoc
- Beumer Group
- Toyota
- Crown Equipment Corporation
- American Grinding and Machining
- Qingado Benco Industry
- Sharp Industries
- Yash Systems
- Vimal Industries Material Handling
- Flexqube
Highlights of The Electric Material Handling Cart 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:
- Stainless Steel Material
- Plastic Material
- Other
- By Application:
- Commercial
- Industrial
- 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 Electric Material Handling Cart 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?
Electric Material Handling Cart is a type of industrial truck that is used to transport materials and products. It has a large capacity, which makes it ideal for transporting heavy loads.
Some of the major companies in the electric material handling cart market are Flexqube, Manitowoc, Beumer Group, Toyota, Crown Equipment Corporation, American Grinding and Machining, Qingado Benco Industry, Sharp Industries, Yash Systems, Vimal Industries Material Handling, Flexqube.
The electric material handling cart market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Material Handling Cart 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 Electric Material Handling Cart Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Material Handling Cart 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 Electric Material Handling Cart 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 Electric Material Handling Cart Market Size & Forecast, 2018-2028
4.5.1 Electric Material Handling Cart Market Size and Y-o-Y Growth
4.5.2 Electric Material Handling Cart Market Absolute $ Opportunity
Chapter 5 Global Electric Material Handling Cart 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 Electric Material Handling Cart Market Size Forecast by Type
5.2.1 Stainless Steel Material
5.2.2 Plastic Material
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Material Handling Cart 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 Electric Material Handling Cart Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Material Handling Cart 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 Electric Material Handling Cart 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 Electric Material Handling Cart Analysis and Forecast
9.1 Introduction
9.2 North America Electric Material Handling Cart 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 Electric Material Handling Cart Market Size Forecast by Type
9.6.1 Stainless Steel Material
9.6.2 Plastic Material
9.6.3 Other
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 Electric Material Handling Cart Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
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 Electric Material Handling Cart Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Material Handling Cart 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 Electric Material Handling Cart Market Size Forecast by Type
10.6.1 Stainless Steel Material
10.6.2 Plastic Material
10.6.3 Other
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 Electric Material Handling Cart Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
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 Electric Material Handling Cart Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Material Handling Cart 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 Electric Material Handling Cart Market Size Forecast by Type
11.6.1 Stainless Steel Material
11.6.2 Plastic Material
11.6.3 Other
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 Electric Material Handling Cart Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
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 Electric Material Handling Cart Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Material Handling Cart 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 Electric Material Handling Cart Market Size Forecast by Type
12.6.1 Stainless Steel Material
12.6.2 Plastic Material
12.6.3 Other
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 Electric Material Handling Cart Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
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) Electric Material Handling Cart Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Material Handling Cart 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) Electric Material Handling Cart Market Size Forecast by Type
13.6.1 Stainless Steel Material
13.6.2 Plastic Material
13.6.3 Other
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) Electric Material Handling Cart Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
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 Electric Material Handling Cart Market: Competitive Dashboard
14.2 Global Electric Material Handling Cart Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Flexqube
14.3.2 Manitowoc
14.3.3 Beumer Group
14.3.4 Toyota
14.3.5 Crown Equipment Corporation
14.3.6 American Grinding and Machining
14.3.7 Qingado Benco Industry
14.3.8 Sharp Industries
14.3.9 Yash Systems
14.3.10 Vimal Industries Material Handling
14.3.11 Flexqube
