Press release
Complete Analysis of Hand Truck is Flourishing Worldwide with Leading players and Forecast Report to 2025 |Key Vendors: Harper Trucks, Inc., Milwaukee Hand Trucks, Magliner, Little Giant, Qingdao Huatian Hand Truck Co., Ltd. and More
According to an upcoming report by BlueWeave Consulting, “Global Hand Truck Market, by Load-Capacity, by Application, by Region, Growth Potential, Competitive Market Share and Forecast, 2015-2025” The global hand truck market is projected to grow with a significant growth rate during the forecast period 2018-2025.Hand Trucks are made of steel and aluminium is an L-shaped box-moving handcart with handles at one end, wheels at the base, with a small ledge to set objects on, flat against the floor when the hand-truck is upright. The need for a machine or equipment that can move heavy goods with ease to various locations is a prime reason that drives this market. Additionally, an increase in warehouse space for automotive and food industry boosts the demand for hand trucks globally.
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Retail & Logistics segment is the leading application for the Global Hand truck market during the forecast period.
To move the lightweight objects the manually powered vehicles which include hand trucks and carts are utilized by the manufacturing and production utilities. Retail & Logistics segment is estimated to be the leading segment of the overall Hand truck market during the forecast period 2018-2025. Owing to the immense change in the transportation and logistics industries, utilized for independent movement, lifting, and placement of discrete loads in a specific facility.
To move the lightweight objects the manually powered vehicles which include hand trucks and carts are utilized by the manufacturing and production utilities. The global market for hand trucks is likely to benefit immensely from the rapidly growing e-commerce sector around the world. With the technological advancement and economic level, the hand truck is likely to grow over the forecast period.
Asia-Pacific accounts for largest share of the global hand truck market during the forecast period.
On the basis of region, the hand truck market has been segmental into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In 2016 Southeast-Asia accounts for the largest market share of the entire hand truck market and projected to lead the market over the forecast period, 2018-2025. China is the largest producer of the hand truck. E-commerce, retail and wholesale industry also fuelling the utility and adoption of hand trucks market on the global scenario. Owing to the growing industrial sector coupled with technology advancement, increasing costs of commercial warehouse spaces, demand for ultra-fast deliveries.
Global Hand Truck Market Competitive Landscape
Companies such as Harper Trucks, Inc., Milwaukee Hand Trucks, Magliner, Little Giant, Qingdao Huatian Hand Truck Co., Ltd., Qingdao Taifa Group, B&P Manufacturing, Wesco Industrial Products, LLC., Maker Group Industry Limited, BIL Group, The Fairbanks Company, Qingdao Giant Industry&Trading, BIL Group, Mighty Lift, and Breg Products Ltd are the key players of Hand Truck market globally.
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BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.
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