Press release
Material Buggy Market: Europe Accounts for Approximately 30% of the Total Sales Value – Fact.MR Survey
The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.The report offers actionable and valuable market insights of Material Buggy. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Material Buggy Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Material Buggy market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Material Buggy
This newly published and insightful report sheds light on Market Insights of Material Buggy, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Material Buggy Market.
The global material buggy market is expected to expand at an impressive CAGR of around 7% over the forecast period of 2021 to 2031, with the mining & construction industry accounting for bulk of the demand.
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Key Market Segments Covered
By Engine
• Electric Material Buggies
• Petrol Material Buggies
• Diesel Material Buggies
• Gas Material Buggies
By Type
• Tracked Material Buggies
• Wheel Material Buggies
By Payload
• Below 600 kg Material Buggies
• 600 TO 800 kg Material Buggies
• 800 to 1000 kg Material Buggies
• 1000 to 1200 kg Material Buggies
• More than 1200 kg Material Buggies
By Moving Speed
• Less than 10 km/hr Material Buggies
• 10 to 12 km/hr Material Buggies
• 12 to 14 km/hr Material Buggies
• 14 to 16 km/hr Material Buggies
By Engine Power
• Less than 10 hp Material Buggies
• 10 to 15 hp Material Buggies
• 15 to 20 hp Material Buggies
• 20 to 25 hp Material Buggies
By Sales Channel
• Material Buggies through Direct Sales
• Material Buggies through Distributor Sales
By Region
• North America
• Latin America
• Europe
• East Asia
• MEA
• South Asia & Pacific
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Material Buggy Market – Scope Of The Report
A recent study by Fact.MR on the material buggy market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of material buggies.
The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies manufacturing material buggies, along with their product portfolios, enhances the reliability of this comprehensive research study.
Report Summary
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of material buggies across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of material buggies during the forecast period. Price point comparison by region with global average price is also considered in the study.
Analysis on Market Size Evaluation
The market has been analyzed for each market segment in terms of volume (Th Units) and value (US$ Th).
Market estimates at global and regional levels for material buggies are available in terms of “US$ Th” for value and in “Th Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global material buggy market.
Inspected Assessment on Regional Segments
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In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of material buggies, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the manufacturing of material buggies has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Key Takeaways from Market Study
• In 2020, one-third of market revenue was generated solely by the European region.
• Material buggies with diesel engines account for more than 40% of global sales.
• In 2020, North America and Europe together accounted for approximately 60% of global market share. The European market is expected to offer over US$ 77 Mn absolute dollar opportunity over the next ten years.
• The market for material buggies is moderately concentrated, where companies such as The Toro Company, Allen Engineering, and Bartell Global hold around 30% of the global market share.
• The market in East Asia is projected to expand at a CAGR of around 9.5% throughout 2021-2031.
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