Press release
Future Growth: Platform Carts Market Sees Promising Growth in 2019
Platform carts are also known as platform trucks or platform hand trucks. They are generally utilized for transporting materials and can be used as both storage units and for transportation. Platform carts are also referred to as load supporting carts. They are made of steel or wood and have wheels or castors that can be moved manually. The carts comprise of two swivel and rigid casters for flexibility and normally include a handle at one end for easy steering. Designs and materials utilized for the production of carts vary depending on the end-user application. Platform carts are used for providing support for non-palletized loads and are also used in skid handling. Steel platform trucks are used to save storage space in warehouses. Platform carts are used in shipping and receiving areas, warehouses, mail rooms, construction, manufacturing plants, and by lumber retailers. Platform trucks also offer transportation for material handling in stockrooms, warehouses, and other commercial environments. Furthermore, railway workers utilize these carts to transport goods on platforms at railway stations.
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Platform Carts Market – Drivers and Restraints
Increase in the use of platform carts at bus stations and platforms for handling luggage is expected to boost demand for them over the forecast period. Rise in the number of cafes, supermarkets, and hotels has also led to a rise in demand for platform carts. Increase in demand for rail transportation and rise in construction activities are also anticipated to augment the platform carts market in the coming years. Rapid urbanization, rise in the number of international airports, and increase in the number of hotels are also propelling demand for platform carts. Furthermore, convenience of using platform carts compared to conventional transporting method and their cost effectiveness are expected to fuel the platform carts market. Platform carts are also used in order to reduce potential injury to employees. This is further projected to augment the demand for platform carts during the forecast period. Advancements in technology have led to the introduction of motorized platform carts that are used for travelling easily over a wide variety of surfaces. This has increased the application of carts in hospitals and hotels, regardless of flooring. This is expected to augment the platform carts market in the coming years.
Platform Carts Market – Segmentation
The global platform carts market can be segmented based on type, deck, application, and region. Based on type, the platform carts market can be categorized into platform carts and platform storage and transport carts. In terms of deck, the platform carts market can be classified into wood platform trucks, steel platform trucks, aluminum platform truck, U-boat platform trucks, and plastic platform trucks. Based on application, the platform carts market can be segmented into hotels, international airports, supermarkets, industrial, food industry, and warehouses.
Based on region, the global platform carts market can be categorized into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to constitute a major share in of market over the forecast period, owing to a large number of railway stations, airports, and chains of established supermarkets in the U.S. Asia Pacific is projected to offer significant growth potential to the platform carts market, owing to an expansion in the retail and travel sectors in the region.
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Platform Carts Market – Key Players
Prominent players in the global platform carts market include Rubbermaid Commerical Products LLC, CADDIE, i-lift Equipment, Off., Giovanelli S.a.s, AGAB Pressautomation, Quantum Storage Systems, Emmegi Group, and SALL S.r.l.. The presence of various players in the market encourages companies to offer bundled services for differentiating their products and creates price competitiveness.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
-Tailwinds and headwinds molding the market’s trajectory
-Market segments based on products, technology, and applications
-Prospects of each segment
-Overall current and possible future size of the market
-Growth pace of the market
-Competitive landscape and key players’ strategies
The main aim of the report is to:
-Enable key stakeholder’s in the market bet right on it
-Understand the opportunities and pitfalls awaiting them
-Assess the overall growth scope in the near term
-Strategize effectively with respect to production and distribution
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