Market Overview:
The global steel hand trucks 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 steel hand trucks in various applications, such as offline sales and online sales. Steel hand trucks are extensively used in warehouses, shipping and receiving departments, and other industrial applications for handling goods and materials. The global steel hand truck market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into under 150 pound, 150-300 pound, 300-600 pound 600-1000 pound 1000+pound segments. On the basis of application, the market is divided into offline sales and online sales segments.
Product Definition:
A steel hand truck is a device that is used to move goods or materials by hand. It consists of a platform on wheels that can be tilted, allowing the user to push or pull the load. Steel hand trucks are important for moving heavy items, such as furniture, boxes of supplies, and other large objects. They are also commonly used in warehouses and factories to move goods around.
Under 150 pound:
Under 150 pound steel hand trucks market is expected to grow at a CAGR of XX% from 2018 to 2025. The growth can be attributed to the increasing demand for small-sized hand trucks in construction and industrial applications. These vehicles are used for moving materials within warehouses, factories, construction sites and other areas where low weight is required.
150-300 pound:
150-300 pound hand truck is a type of hand truck that usually has a capacity between 150 and 300 pounds. They are used for the transportation of various types of goods such as steel, glass, concrete, marble and others. The demand for these trucks is increasing due to their suitability in small spaces like narrow walkways and confined places where other vehicles cannot go. Moreover, they are cost-effective than large trucks which makes them more preferable among small businesses or individual owners.
Application Insights:
Offline sales accounted for the largest market share in 2017 and are expected to continue this trend over the forecast period. Offline channels have been witnessing a steady decline due to increased use of online channels by consumers. This has led steel hand trucks manufacturers to shift towards online channel, which is likely to propel product demand over the next eight years.
Online sales are anticipated to be the fastest-growing application segment from 2018 to 2030 owingto increasing e-commerce penetration and rising consumer preference for purchasing products through digital mediums such as website, mobile app or computer rather than visiting physical stores. The growth of this segment can be attributed on account of growing internet penetration in developing countries like India & China along with high usage rate of smartphones and tablets worldwide that facilitate customers buy goods/products even without visiting physical storehouses thereby fueling product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global steel hand trucks market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rapid industrialization and urbanization. Emerging economies, such as China, India, Indonesia, Vietnam have been experiencing strong economic growth over the past few years which is projected to drive industry demand in Asia Pacific region.
Europe accounted for a significant share of revenue in 2017 owing to growing automotive production across major countries including Germany, Italy Russia among others are anticipated to boost product demand across Europe during the forecast period. North America also had a considerable market share owing to high online sales coupled with low consumer purchasing power within each country on account of weak economy resulting into less consumer spending on household goods & equipment among other products thus driving industry growth at a moderate pace compared with other regions globally.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing popularity of steel hand trucks among small businesses
- Rising number of online retailers selling steel hand trucks
- Proliferation of e-commerce platforms that offer discounts on steel hand trucks
- Increased awareness about the benefits of using steel hand trucks among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Hand Trucks Market Research Report
By Type
Under 150 pound, 150-300 pound, 300-600 pound, 600-1000 pound, Over 1000 pound
By Application
Offline Sales, Online Sales
By Companies
Harper Trucks, Milwaukee Hand Trucks (Gleason Industrial Product), Magliner, Little Giant (Brennan Equipment and Manufacturing), Qingdao Huatian Hand Truck, Qingdao Taifa Group, B&P Manufacturing (Craig and Tracy Hewett), Wesco Industrial Products, Maker Group Industry, BIL Group, The Fairbanks Company, Qingdao Giant Industry&Trading, Qingdao Xinjiangyuan Power Technology, Qingdao Zhenhua Industrial Group
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Steel Hand Trucks Market Report Segments:
The global Steel Hand Trucks market is segmented on the basis of:
Types
Under 150 pound, 150-300 pound, 300-600 pound, 600-1000 pound, Over 1000 pound
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
Offline Sales, Online Sales
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:
- Harper Trucks
- Milwaukee Hand Trucks (Gleason Industrial Product)
- Magliner
- Little Giant (Brennan Equipment and Manufacturing)
- Qingdao Huatian Hand Truck
- Qingdao Taifa Group
- B&P Manufacturing (Craig and Tracy Hewett)
- Wesco Industrial Products
- Maker Group Industry
- BIL Group
- The Fairbanks Company
- Qingdao Giant Industry&Trading
- Qingdao Xinjiangyuan Power Technology
- Qingdao Zhenhua Industrial Group
Highlights of The Steel Hand 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:
- Under 150 pound
- 150-300 pound
- 300-600 pound
- 600-1000 pound
- Over 1000 pound
- By Application:
- Offline Sales
- Online Sales
- 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 Steel Hand 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.
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- Correctly Positioning New Products
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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?
Steel hand trucks are a type of industrial truck that is made from steel. They are used to move heavy objects, and can be found in many different industries.
Some of the major players in the steel hand trucks market are Harper Trucks, Milwaukee Hand Trucks (Gleason Industrial Product), Magliner, Little Giant (Brennan Equipment and Manufacturing), Qingdao Huatian Hand Truck, Qingdao Taifa Group, B&P Manufacturing (Craig and Tracy Hewett), Wesco Industrial Products, Maker Group Industry, BIL Group, The Fairbanks Company, Qingdao Giant Industry&Trading, Qingdao Xinjiangyuan Power Technology, Qingdao Zhenhua Industrial Group.
The steel hand trucks market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Steel Hand Trucks Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Steel Hand Trucks Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Steel Hand Trucks Market - Supply Chain
4.5. Global Steel Hand Trucks Market Forecast
4.5.1. Steel Hand Trucks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Steel Hand Trucks Market Size (000 Units) and Y-o-Y Growth
4.5.3. Steel Hand Trucks Market Absolute $ Opportunity
5. Global Steel Hand Trucks Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Steel Hand Trucks Market Size and Volume Forecast by Type
5.3.1. Under 150 pound
5.3.2. 150-300 pound
5.3.3. 300-600 pound
5.3.4. 600-1000 pound
5.3.5. Over 1000 pound
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Steel Hand Trucks Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Steel Hand Trucks Market Size and Volume Forecast by Application
6.3.1. Offline Sales
6.3.2. Online Sales
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Steel Hand Trucks Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Steel Hand Trucks Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Steel Hand Trucks Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Steel Hand Trucks Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Steel Hand Trucks Demand Share Forecast, 2019-2026
9. North America Steel Hand Trucks Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Steel Hand Trucks Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Steel Hand Trucks Market Size and Volume Forecast by Application
9.4.1. Offline Sales
9.4.2. Online Sales
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Steel Hand Trucks Market Size and Volume Forecast by Type
9.7.1. Under 150 pound
9.7.2. 150-300 pound
9.7.3. 300-600 pound
9.7.4. 600-1000 pound
9.7.5. Over 1000 pound
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Steel Hand Trucks Demand Share Forecast, 2019-2026
10. Latin America Steel Hand Trucks Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Steel Hand Trucks Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Steel Hand Trucks Market Size and Volume Forecast by Application
10.4.1. Offline Sales
10.4.2. Online Sales
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Steel Hand Trucks Market Size and Volume Forecast by Type
10.7.1. Under 150 pound
10.7.2. 150-300 pound
10.7.3. 300-600 pound
10.7.4. 600-1000 pound
10.7.5. Over 1000 pound
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Steel Hand Trucks Demand Share Forecast, 2019-2026
11. Europe Steel Hand Trucks Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Steel Hand Trucks Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Steel Hand Trucks Market Size and Volume Forecast by Application
11.4.1. Offline Sales
11.4.2. Online Sales
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Steel Hand Trucks Market Size and Volume Forecast by Type
11.7.1. Under 150 pound
11.7.2. 150-300 pound
11.7.3. 300-600 pound
11.7.4. 600-1000 pound
11.7.5. Over 1000 pound
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Steel Hand Trucks Demand Share, 2019-2026
12. Asia Pacific Steel Hand Trucks Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Steel Hand Trucks Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Steel Hand Trucks Market Size and Volume Forecast by Application
12.4.1. Offline Sales
12.4.2. Online Sales
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Steel Hand Trucks Market Size and Volume Forecast by Type
12.7.1. Under 150 pound
12.7.2. 150-300 pound
12.7.3. 300-600 pound
12.7.4. 600-1000 pound
12.7.5. Over 1000 pound
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Steel Hand Trucks Demand Share, 2019-2026
13. Middle East & Africa Steel Hand Trucks Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Steel Hand Trucks Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Steel Hand Trucks Market Size and Volume Forecast by Application
13.4.1. Offline Sales
13.4.2. Online Sales
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Steel Hand Trucks Market Size and Volume Forecast by Type
13.7.1. Under 150 pound
13.7.2. 150-300 pound
13.7.3. 300-600 pound
13.7.4. 600-1000 pound
13.7.5. Over 1000 pound
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Steel Hand Trucks Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Steel Hand Trucks Market: Market Share Analysis
14.2. Steel Hand Trucks Distributors and Customers
14.3. Steel Hand Trucks Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Harper Trucks
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Milwaukee Hand Trucks (Gleason Industrial Product)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Magliner
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Little Giant (Brennan Equipment and Manufacturing)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Qingdao Huatian Hand Truck
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Qingdao Taifa Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. B&P Manufacturing (Craig and Tracy Hewett)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wesco Industrial Products
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Maker Group Industry
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BIL Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. The Fairbanks Company
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Qingdao Giant Industry&Trading
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Qingdao Xinjiangyuan Power Technology
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Qingdao Zhenhua Industrial Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
