Wheelbarrows Market was valued nearly US$ 21.76 Bn. in 2020. Wheelbarrows Market size is estimated to grow at a CAGR of 2.42% & is expected to reach at US$ 25.82 Bn. by 2027.
Wheelbarrows Market Overview:A wheelbarrow is a compact hand-propelled vehicle with one wheel that is designed to be pushed & guided by one person using two handles at the back. It's a type of transporter that construction workers & gardeners use to transfer small loads. A wheelbarrow is made up of three major components: a tray, a wheel, and a handle. Pneumatic, semi-pneumatic, and non-pneumatic wheels are available. Wheelbarrows come in a variety of styles. Motorized, gasoline, gas, electric, folding, two-wheel, & heavy duty are some of the options. To know about the Research Methodology :- Request Free Sample Report Wood, plastic, & metal are the most common materials used in wheelbarrows. They're one-of-a-kind, multi-purpose, & demand-driven items with a compartment for storing the load. Due to rising demand for wheelbarrows from the construction industry, the global wheelbarrows market is expected to grow at a quicker rate over the projected period. The construction industry's increased demand is fueling the growth of the electric wheelbarrow market. In the last few years, this industry has undergone significant transformation. Restoration & maintenance activities, as well as a change to retrofitting practices & sustainable building development, are driving the construction sector in developed countries such as the U.S & the U.K, whose infrastructure is ageing. The construction industry has a lot of potential for the electric wheelbarrow market to flourish. With large government initiatives, many growing countries, like India, Qatar, & Saudi Arabia, are actively investing in the building of smart cities. These large-scale improvements & investments are likely to fuel demand for electric wheelbarrows in construction operations, as well as the market's expansion in the near future.
Overview of the Indian Construction IndustryLockdowns & restrictions imposed to contain the impact of the COVID 19 outbreak have had a significant impact on the Indian economy. There has been significant confusion & interruptions in practically every segment due to the economy's 23.9 % drop in the April to June quarter compared to the same time in the year 2019. The construction industry, which employs over 51 Mn people (the country's second largest employer) & accounts for almost 9% of GDP, was hit just as hard. However, not all is doom & gloom for industry, as many predict a strong rebound in 2021. The construction sector is expected to expand by 11.6 % in 2021, after a nearly 14.9 % decline. Opportunities appear to be on the horizon. As people learn to live with the virus & vaccination hopes rise and fall, business as usual will most certainly return. Of course, building enterprises will have hurdles in the future.
Impact of COVID-19 on the MarketDue to the protracted lockdown in main global countries, the COVID-19 pandemic has forced the industry to halt manufacture of a variety of products. This has hindered market growth significantly in recent months, and it is likely to persist in 2020. COVID-19 has already had a detrimental impact on equipment & machinery sales in the first quarter of 2020, & is expected to continue to do so throughout the year. The primary demand for equipment & machinery was previously seen from huge industrial countries like the U.S & China, which has been severely impacted by the spread of the coronavirus, halting demand for equipment & machinery. Furthermore, the lockdown's possible impact is now new, & organizations’ financial recovery is entirely dependent on their cash reserves. Companies which manufacture equipment & machinery can afford a full lockdown for only a few months, after which the companies will have to change their investment plans. After COVID-19 infection instances start to decline, equipment & machinery producers must focus on protecting their staff, operations, & supply networks in order to respond to urgent emergencies and establish new methods of working. Wheelbarrow demand is on the rise Wheelbarrows navigate tight streets. They are pollution-free, cost-effective, & can transport more goods or materials than a single person can. In the coming years, this is anticipated to boost market development. The need for wheelbarrows in the non-residential market (hospitality, healthcare, & food services) is expected to support the wheelbarrows market's growth in the near future. The global wheelbarrows market is growing due to rising demand, developing end-user industries, advantageous market structure, abundant raw materials, high demand, & product awareness. Furthermore, growth of the market for wheelbarrows from non-residential markets (hospitality, healthcare, and culinary services) is expected to enhance the wheelbarrow market in the near future. The construction industry is expanding at an exponential rate around the world, which is projected to have an indirect impact on wheelbarrow demand during the forecast period. Furthermore, the global need for wheelbarrows is expected to expand as the number of retail outlets, supermarkets, and hospitals increases. The building business is expanding The construction industry is expanding rapidly over the world, which is expected to have an indirect impact on wheelbarrow demand during the projection period. Infrastructure construction is accelerating around the world, which is projected to fuel the wheelbarrow market's growth in the near future. The need for wheelbarrows is predicted to rise as the number of retail outlets, supermarkets, and hospitals grows rapidly around the world. APAC is anticipated to account for a sizable portion of the global wheelbarrow market Wheelbarrows are also most popular in APAC, followed by North America and Europe. China and India are two of the region's key markets. The two countries account for more than half of the market for wheelbarrows in the area in terms of demand. This is primarily due to the fact that these countries are attempting to improve their infrastructure. During the forecast period, the Asia Pacific market is expected to grow at a considerable CAGR. This is owing to an increase in construction operations such as power production projects, highway construction, railway expansion, & cargo export & import. During the projected period, the wheelbarrow market in the Middle East and Africa is expected to grow at a quick rate, followed by Europe and Asia Pacific. This can be linked to the region's countries' worldwide infrastructure growth over the last decade. The objective of the report is to present a comprehensive analysis of the Wheelbarrows Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Wheelbarrows Market dynamics, structure by analyzing the Market segments and project the Wheelbarrows Market size. Clear representation of competitive analysis of key players by Equipment Type, price, financial position, Equipment Type portfolio, growth strategies, and regional presence in the Wheelbarrows Market make the report investor’s guide.
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Global Wheelbarrows Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 21.76 Bn. Forecast Period 2021 to 2027 CAGR: 2.42% Market Size in 2027: US $ 25.827 Bn. Segments Covered: by Type • Traditional Wheelbarrows • Hand Trucks by Application • Construction Applications • Industrial Applications • Home Applications • Agriculture & Livestock
Wheelbarrows Market, by Region• North America • Europe • Asia-Pacific • MEA &Africa • Latin America
Major Players operating in the Global Wheelbarrows Market are:• Qingdao Taifa Group • Qingdao Huatian Hand Truck • Qingdao Xinjiang Group • Qingdao Runda Wheel Barrow • Griffon • Haemmerlin • The Walsall Wheelbarrow Company • Qingdao Zhenhua Barrow Manufacturing • TUNALI • Silvan • Stanley • Linyi Tianli • Bullbarrow Products • Gorilla Carts • Worx • Wolverine Products. FAQ’S: 1) What is the share of the Global Wheelbarrows Market in 2020? Answer: The Global Wheelbarrows Market was accounted for 21.76 Bn in the year 2020. 2) Which Application segment is dominating the Global Wheelbarrows Market? Answer: Construction Applications segment is the dominating Application segment in the market. 3) What are the key players in the Global Wheelbarrows Market? Answer: Qingdao Taifa Group, Qingdao Huatian Hand Truck, Qingdao Xinjiang Group Qingdao Runda Wheel Barrow, Griffon, Haemmerlin, The Walsall Wheelbarrow Company, Qingdao Zhenhua Barrow Manufacturing, TUNALI, Silvan, Stanley, Linyi Tianli Bullbarrow Products, Gorilla Carts, Worx, Wolverine Products. 4) Which factor acts as the driving factor for the growth of the Wheelbarrows Market? Answer: The major factors for the growth of the Global Wheelbarrows market includes The construction industry is growing exponentially across the globe, which is likely to indirectly influence the demand for wheelbarrows during the forecast period.
1. Global Wheelbarrows Market: Research Methodology 2. Global Wheelbarrows Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Wheelbarrows Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Wheelbarrows Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Wheelbarrows Market Segmentation 4.1. Global Wheelbarrows Market, by Application (2020-2027) • Construction Applications • Industrial Applications • Home Applications • Agriculture & Livestock 4.2. Global Wheelbarrows Market, by Type (2020-2027) • Traditional Wheelbarrows • Hand Trucks 5. North America Wheelbarrows Market(2020-2027) 5.1. North America Wheelbarrows Market, by Application (2020-2027) • Construction Applications • Industrial Applications • Home Applications • Agriculture & Livestock 5.2. North America Wheelbarrows Market, by Type (2020-2027) • Traditional Wheelbarrows • Hand Trucks 5.3. North America Wheelbarrows Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Wheelbarrows Market (2020-2027) 6.1. European Wheelbarrows Market, by Application (2020-2027) 6.2. European Wheelbarrows Market, by Type (2020-2027) 6.3. European Wheelbarrows Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Wheelbarrows Market (2020-2027) 7.1. Asia Pacific Wheelbarrows Market, by Application (2020-2027) 7.2. Asia Pacific Wheelbarrows Market, by Type (2020-2027) 7.3. Asia Pacific Wheelbarrows Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Wheelbarrows Market (2020-2027) 8.1. Middle East and Africa Wheelbarrows Market, by Application (2020-2027) 8.2. Middle East and Africa Wheelbarrows Market, by Type (2020-2027) 8.3. Middle East and Africa Wheelbarrows Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Wheelbarrows Market (2020-2027) 9.1. Latin America Wheelbarrows Market, by Application (2020-2027) 9.2. Latin America Wheelbarrows Market, by Type (2020-2027) 9.3. Latin America Wheelbarrows Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Qingdao Taifa Group. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Qingdao Huatian Hand Truck 10.3. Qingdao Xinjiang Group 10.4. Qingdao Runda Wheel Barrow 10.5. Griffon 10.6. Haemmerlin 10.7. The Walsall Wheelbarrow Company 10.8. Qingdao Zhenhua Barrow Manufacturing 10.9. TUNALI 10.10. Silvan 10.11. Stanley 10.12. Linyi Tianli 10.13. Bullbarrow Products 10.14. Gorilla Carts 10.15. Worx 10.16. Wolverine Products.