Hand Trucks Market

The global Hand Trucks market was valued at 59.87 Million USD in 2021 and will grow with a CAGR of 3.16% from 2021 to 2027, based on newly published report.
The prime objective of Hand Trucks Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Hand Trucks Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Hand truck, 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 global production of Hand Trucks is about 19822 K Units in 2016, China is the largest produce region in 2016, the production volume is about 8732 K Unit, the market share is about 44.05%; Southeast Asia is the second largest produce region in 2016, the production is about 3153 K Unit, the market share is about 15.90%; The average price of Hand Trucks is about 96 USD per Unit in 2016, the average gross margin is about 22.67%, the gross margin shows downstream trend; The hand trucks can be divided into 5 types, Under 150 pound, 150-300 pound, 300-600 pound, 600-1,000 pound, Over 1,000 pound. The 300-600 pound occupies largest market share about 41.24% in 2016; the hand trucks can be divided into four types by application which are Transport stations, Retail, Households, Other. The Retail occupies about 51.86% market share; In the future, with the development of technology and economic level, and the ownership of Hand Trucks keeps rising, the Hand Trucks will have great increase range; the developing countries will be high growth rate market.
By Market Verdors:

• Harper Trucks, Inc.
• Milwaukee Hand Trucks (Gleason Industrial Product)
• Magliner
• Little Giant (Brennan Equipment and Manufacturing, Inc.)
• Qingdao Huatian Hand Truck Co., Ltd.
• Qingdao Taifa Group
• B&P Manufacturing (Craig and Tracy Hewett)
• Wesco Industrial Products, LLC.
• Maker Group Industry Limited
• BIL Group
• The Fairbanks Company
• Qingdao Giant Industry&Trading
• Qingdao Xinjiangyuan Power Technology
• Qingdao Zhenhua Industrial Group Co., Ltd.

By Types:

• Steel Hand Trucks
• Aluminum Hand Trucks

By Applications:

• Offline Sales
• Online Sales

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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