Market Overview:
The global material handling cart market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for material handling carts in commercial and industrial applications. In terms of type, the manual type segment is expected to dominate the market during the forecast period, owing to its low cost and easy operability. However, with technological advancements, electric type carts are gaining popularity due to their high efficiency and reduced environmental impact as compared to manual carts. In terms of application, commercial applications are expected to account for a larger share of the market during the forecast period as compared to industrial applications.
Product Definition:
A material handling cart is a piece of equipment that is used to move or handle materials. They are often used in warehouses and factories to move goods from one place to another. They can be either manual or powered, and can be either wheeled or tracked.
Manual Type:
The manual type material handling cart is a kind of material handling equipment used in warehouses for moving goods. It is also known as push or hand truck. The manual type material handling cart has wheels and a handle, which can be used to transport goods over smooth surfaces such as concrete, asphalt, and wooden floors. These carts are generally made from steel tubing with a powder-coated finish; they are available in different sizes to accommodate various types of loads.
Electric Type:
Electric type is used in material handling cart for the purpose of providing a non-contact method of lifting and positioning objects. It uses electromagnetic effect for lifting or lowering the load. The electric type cart has no contact with load and it’s operation is based on pneumatic system, which provides resistance to friction between surfaces by compressed air or nitrogen gas.
Application Insights:
The commercial application segment dominated the global material handling cart market in 2017. This is attributed to rising demand from various industries including food and beverage, chemical, pharmaceutical and medical manufacturing, retail and e-commerce among others. The industrial application segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to the increasing need for efficient transportation solutions in construction and mining sectors.
The Asia Pacific region has emerged as one of the prominent markets for MHLs with a revenue share of over 35% in 2017 on account of favorable government initiatives coupled with high investments being made by companies operating in the logistics industry such as UPS India Pvt Ltd., DHL Supply Chain Pvt Ltd., Federal Express Corporation among others. These players have established regional offices across different countries which provide end-to-end local supply chain solutions thereby contributing towards overall growth.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing industrialization and rising commercial construction activities. The region is expected to witness significant growth over the forecast period, with China being a major contributor. Rapid urbanization coupled with increased government spending on infrastructure development has resulted in an increased demand for material handling equipment across Asia Pacific, thereby driving the regional market growth.
The industry in North America is anticipated to grow at a moderate pace due to stringent regulations regarding employee safety coupled with growing emphasis on reducing workplace injuries and fatalities. In addition, ongoing investments by companies pertaining toward implementation of automated material handling systems are expected to drive industry expansion over the next eight years.
In Europe, Germany accounted for more than 25% of total revenue share owing high usage of mechanized warehouses across various industries including food & beverage and pharmaceuticals among others which resulted into high adoption rate of Material Handling Cart globally within Europe region as well as other regions worldwide where German speaking population resides such as South Africa or Brazil among others).
Growth Factors:
- Increasing demand for material handling carts from the automotive and manufacturing industries
- Growing popularity of automated material handling systems
- Rising demand for ergonomic material handling carts
- Proliferation of e-commerce businesses and need for efficient order fulfillment processes
- Advances in materials science and engineering that lead to the development of new types of carts
Scope Of The Report
Report Attributes
Report Details
Report Title
Material Handling Cart Market Research Report
By Type
Manual Type, Electric Type
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Material Handling Cart Market Report Segments:
The global Material Handling Cart market is segmented on the basis of:
Types
Manual Type, Electric Type
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 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:
- Manual Type
- Electric Type
- 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 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
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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?
A material handling cart is a movable platform used to transport materials. It can be used for a variety of purposes, such as moving materials between different parts of a factory or warehouse, transporting goods in and out of storage, or moving products from one area to another within an assembly line.
Some of the major companies in the 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 material handling cart 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 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 Material Handling Cart Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Material Handling Cart Market Size & Forecast, 2018-2028
4.5.1 Material Handling Cart Market Size and Y-o-Y Growth
4.5.2 Material Handling Cart Market Absolute $ Opportunity
Chapter 5 Global 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 Material Handling Cart Market Size Forecast by Type
5.2.1 Manual Type
5.2.2 Electric Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 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 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 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 Material Handling Cart Analysis and Forecast
9.1 Introduction
9.2 North America 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 Material Handling Cart Market Size Forecast by Type
9.6.1 Manual Type
9.6.2 Electric Type
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 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 Material Handling Cart Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Material Handling Cart Market Size Forecast by Type
10.6.1 Manual Type
10.6.2 Electric Type
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 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 Material Handling Cart Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Material Handling Cart Market Size Forecast by Type
11.6.1 Manual Type
11.6.2 Electric Type
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 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 Material Handling Cart Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Material Handling Cart Market Size Forecast by Type
12.6.1 Manual Type
12.6.2 Electric Type
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 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) Material Handling Cart Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Material Handling Cart Market Size Forecast by Type
13.6.1 Manual Type
13.6.2 Electric Type
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) 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 Material Handling Cart Market: Competitive Dashboard
14.2 Global 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
