Wheelbarrow Market Share, Size, Trends, Industry Analysis Report, By Product Type (Manual, Electric); By Material; By Price; By Operation; By Wheel; By Capacity; By Application; By Distribution Channel; By Region; Segment Forecast, 2024 - 2032
- Published Date:Feb-2024
- Pages: 117
- Format: PDF
- Report ID: PM4607
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
Global wheelbarrow market size was valued at USD 754.55 million in 2023. The market is anticipated to grow from USD 783.90 million in 2024 to USD 1,124.15 million by 2032, exhibiting the CAGR of 4.6% during the forecast period.
Market Overview
Wheelbarrows are mostly gaining adoption in the global space, with rising adoption in several applications due to their ease of material transportation from one place to another. It is highly efficient in assisting people engaged in construction activities, as they require assistance to transport loads such as dirt, sand, and heavy materials, as well as in the mixing and transportation of concrete. In addition, the rising technological adoption in the development of wheelbarrows by manufacturers is expected to widen the scope of the global wheelbarrow market.
- For instance, in 2023, Hiking Machinery announced the launch of its new remote-control wheelbarrow with the potential to navigate in rough and loose terrain along with climbing at a 45° slope due to its efficient motor and 4x4 drive mode.
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Moreover, the ongoing environmental-friendly initiatives and the establishment of gardens among most households due to their greenery and fresh air are anticipated to offer new wheelbarrow market opportunities in the next few years.
However, the presence of economical alternatives to the wheelbarrow in the marketplace is expected to restrain the adoption of the wheelbarrow in the world market.
Growth Drivers
The growing research studies exploring wheelbarrow design
The rising investments in the manufacturing of efficient wheelbarrows with advanced capabilities are further boosting the demand and growth of wheelbarrows in the marketplace. For instance, a 2022 study published in Science Direct focused on developing economical multi-utility wheelbarrows with the significant ability to assist people in day-to-day activities, specifically during floods, enabling people to carry their children with enhanced safety by using Ansys software. The development of user-friendly and multipurpose wheelbarrows in the marketplace is likely to provide significant growth opportunities for the global market during the forecast period.
Increase in the use of wheelbarrows in farming, gardening, and landscaping
The growing use of wheelbarrows in industrial equipment, farming equipment, gardening, and others is driving demand for them in the global market. It plays a crucial role in aiding the people engaged in gardening and landscaping, as they need to carry weeds, plants, saplings, dirt, and other loads, contributing to the significant demand for it in the marketplace. Furthermore, in agriculture, it is also used to transport fertilizers loading and unloading of produced vegetables, fruits, and other produce is projected to fuel its need in the market.
Restraining Factors
Rising automation of construction tools is likely to impede market growth
The technological advancements in the world are replacing most of the mechanical activities with self-automated tools. These product innovations are anticipated to replace the functions of wheelbarrows in the market, impeding the wheelbarrow market demand for traditional construction equipment.
Report Segmentation
The market is primarily segmented based on product type, material, price, operation, wheel, capacity, application, distribution channel and region.
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By Product Type |
By Material |
By Price |
By Operation |
By Wheel |
By Capacity |
By Application |
By Distribution Channel |
By Region |
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By Product Type Analysis
Electric segment is expected to witness the highest growth during the forecast period
The electric segment will grow rapidly, owing to rising innovations in the development of electric wheelbarrows in the marketplace. The growing demand for higher efficiency in construction and operations is encouraging people to equip themselves with electric wheelbarrows as they do not require manual labor, leading to lower labor costs for contractors.
The manual segment led the industry market with a substantial revenue share in 2023, largely attributable to the higher rate of familiarity with traditional wheelbarrows and the lower chance of failures, promoting the safety of handled equipment in multiple applications.
By Material Analysis
Plastic segment accounted for the largest market share in 2023
The plastic segment accounted for the largest market share in 2023 and is likely to retain its position throughout the wheelbarrow market forecast period. The growth of the segment can be attributable to its lightweight design and resistance to corrosion, which is the major problem associated with the steel wheelbarrow.
The steel segment is expected to grow at a sustainable rate over the next few years on account of the rapid increase in demand for more durable and strong wheelbarrows in construction and gardening activities.
By Price Analysis
Medium (US$ 50-200) segment held the significant market revenue share in 2023
The medium (US$ 50–200) segment held a significant market revenue share in 2023, which is highly accelerated due to the continuous rise in cost-effective wheelbarrows in the marketplace. The ongoing need for efficient wheelbarrows for moving materials from one place to another is positively driving the demand for medium-priced products due to their affordability.
By Operation Analysis
Heavy-duty wheelbarrows are expected to witness significant growth over the forecast period
The growth of the heavy-duty wheelbarrow segment in the forecast period is highly influenced by the necessity of superior wheelbarrows in heavy-duty transportation, as it is usually difficult for laborers to lift the load manually without any support from the equipment tools. The rising heavy-load lifting activities, mainly in the construction space, are boosting the adoption of heavy-duty wheelbarrows. However, the establishment of wheelbarrows with the capability to carry heavy, medium, and lower weight loads is positively fueling the wheelbarrow market growth during the study period.
By Distribution Channel Analysis
Offline segment held the higher revenue over online stores
The offline distribution channel accounted for the highest revenue share in 2023 and is anticipated to boost its growth in the forecast period owing to personalized assistance. As supermarkets, specialty stores, and other retail stores enable people to personally see and touch the equipment, compared to online stores, there will be a significant rise in the consumption of wheelbarrows through the offline medium in the coming years.
However, the rising evolution of e-commerce portals with enhanced accessibility to a wide range of products is anticipated to witness significant growth in the coming years. The growing rate of offers offered by the online distribution channels is likely to retain new sales in the study period.
Regional Insights
Asia Pacific region registered the largest share of the global market in 2023
The Asia Pacific region dominated the market. The growth of the segment market can be largely attributed to the growing construction activities in the countries, primarily in India and China. The growing population in the region is creating a thriving market for the construction industry. According to recent statistics, the Indian construction industry witnessed a growth of 13.3% in July-September from the previous year. This demonstrates the significant uptick in construction work, driving the demand for equipment, including wheelbarrows, in the region.
Latin America and the Middle East & Africa region will grow at a rapid pace, owing to the growing gardening culture and rising demand for housing in urban areas in the countries in the region. According to a 2022 study, the urban population is expected to rise by 90% in Latin America. This demonstrates the significant need for wheelbarrows in construction activities.
Key Market Players & Competitive Insights
Strategic partnerships to drive the competition
The wheelbarrow market development is fragmented, with the presence of several small players with a lower share in the global market. The rising innovations in the marketplace are projected to fuel growth in the next few years. For instance, in 2023, Hiking Machinery introduced a remote-controlled electric wheelbarrow, the HKPB360-RC, with the capability to carry up to 500 kg.
Some of the major players operating in the global market include:
- Bullbarrow
- Cormidi S.r.l.
- Gorilla Carts (US)
- Haemmerlin - CDH Group
- Silvan Australia Pty Ltd.
- Stanley Black & Decker
- The Ames Companies, Inc.
- The Walsall Wheelbarrow Co., Ltd.
- Wolverine Products Inc.
- Yardmax Power Equipment, Inc.
Recent Developments in the Industry
- In February 2024, Technovos unveiled GaadE Electric Wheelbarrow, a revolutionary solution redefining manual-material handling tasks, integrating cutting-edge technology and eco-friendliness for diverse industries.
- In June 2023, Webb introduced a 90-litre wheelbarrow featuring a puncture-proof wheel, offering durability and ease of handling for transporting garden materials, priced at £89.99, expanding its range of quality gardening tools..
Report Coverage
The wheelbarrow market report emphasizes on key regions across the globe to provide better understanding of the product to the users. Also, the report provides market insights into recent developments, trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides detailed analysis of the market while focusing on various key aspects such as competitive analysis, product type, material, price, operation, wheel, capacity, application, distribution channel and their futuristic growth opportunities.
Wheelbarrow Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 783.90 million |
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Revenue forecast in 2032 |
USD 1,124.15 million |
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CAGR |
4.6% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments covered |
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Regional scope |
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Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
Gain profound insights into the 2024 Wheelbarrow Market with meticulously compiled statistics on market share, size, and revenue growth rate by Polaris Market Research Industry Reports. This thorough analysis not only provides a glimpse into historical trends but also unfolds a roadmap with a market forecast extending to 2032. Immerse yourself in the comprehensive nature of this industry analysis through a complimentary PDF download of the sample report.
FAQ's
key companies in Wheelbarrow Market are Bullbarrow Products, Cormidi S.r.l., Gorilla Carts, Haemmerlin - CDH Group
Wheelbarrow Market exhibiting the CAGR of 4.6% during the forecast period.
The Wheelbarrow Market report covering key segments are product type, material, price, operation, wheel, capacity, application, distribution channel and region.
key driving factors in Wheelbarrow Market are growing research studies exploring wheelbarrow design
The global wheelbarrow market size is expected to reach USD 1,124.15 million by 2032
