Hand Trucks and Dollies Market Size - By Type (Foldable Hand Trucks, Non-Foldable Hand Trucks, Hand Trucks & Dollies), By Application (Transport, Retail, Household), By Sales Channel (Online, Offline) & Forecast, 2024 - 2032
Published on: 2024-07-30 | No of Pages : 240 | Industry : Industrial-Machinery
Publisher : MIR | Format : PDF&Excel
Hand Trucks and Dollies Market Size - By Type (Foldable Hand Trucks, Non-Foldable Hand Trucks, Hand Trucks & Dollies), By Application (Transport, Retail, Household), By Sales Channel (Online, Offline) & Forecast, 2024 - 2032
Hand Trucks and Dollies Market Size
Hand Trucks and Dollies Market was valued at USD 726.9 million in 2023 and is estimated to register a CAGR of over 2.5% between 2024 and 2032, attributed to the rapid expansion of e-commerce and diverse industries, from manufacturing to healthcare. The surge in e-commerce demands efficient material handling solutions in warehouses, while industries require reliable tools for internal logistics. Hand trucks and dollies are crucial in streamlining operations, ensuring swift and safe movement of goods. This widespread adoption across sectors drives the market's upward trajectory.
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The hand trucks and dollies industry is experiencing significant expansion due to a focus on customization and the increasing popularity of electric-powered models. Manufacturers are offering customizable solutions tailored to specific industry needs, enhancing versatility and efficiency. Additionally, the adoption of electric-powered hand trucks and dollies is rising, offering quieter, emissions-free, and more efficient options. These trends align with the demand for adaptable and sustainable material handling solutions, driving market expansion.
Report Attribute | Details |
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Base Year | 2023 |
Hand Trucks and Dollies Market Size in 2023 | USD 726.9 Million |
Forecast Period | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR | 2.5% |
2032 Value Projection | USD 906.8 Million |
Historical Data for | 2021 - 2023 |
No. of Pages | 250 |
Tables, Charts & Figures | 300 |
Segments covered | Type, Application, Sales Channel |
Growth Drivers |
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Pitfalls & Challenges |
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Though the hand trucks and dollies market shows promising growth, it faces barriers due to high initial costs and regulatory compliance. These drive innovation and quality. The initial investment ensures durable, efficient equipment, providing long-term value to businesses. Moreover, adherence to safety and environmental standards showcases the industry’s commitment to responsible practices, enhancing trust among customers. These factors contribute to the market's evolution and commitment to excellence.
Hand Trucks and Dollies Market Trends
The hand trucks and dollies industry is propelled by the increasing emphasis on worker safety and ergonomics and the integration of automation technology. With a heightened awareness of workplace safety, manufacturers are designing hand trucks and dollies with ergonomic features, reducing strain and injuries. Simultaneously, the adoption of automation technology enhances efficiency in material handling processes, making these tools essential for modern industries prioritizing safety, efficiency, and productivity.
Hand Trucks and Dollies Market Analysis
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Based on type, the hand trucks & dollies segment held approximately 20% of the market share in 2023 and is expected to reach over USD 200 million by 2032, driven by its versatility across industries. From moving boxes in warehouses to deliveries in urban settings, these tools are essential. Their lightweight yet sturdy construction appeals to businesses seeking efficient material handling solutions. With a range of designs to suit various needs, this segment meets the demands of small businesses and large enterprises alike, solidifying its position at the forefront of the market.
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Based on application, the transport stations segment held around 36% of the revenue share in 2023, due to its vital role in logistics. These stations, bustling with activity, rely heavily on efficient material handling, where hand trucks and dollies are indispensable. From airports managing luggage to train stations handling freight, the demand is immense. With ergonomic designs and durability tailored for heavy use, manufacturers cater to this segment's needs. As global trade flourishes, the transport stations segment remains the cornerstone of the hand trucks and dollies industry.
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North America dominated the global hand trucks and dollies market with a revenue share of over 35% in 2023. North America witnessed growth owing to robust industrial sectors and growing e-commerce demands. The region's advanced logistics infrastructure and large-scale distribution centers bolstered the adoption of these essential tools. With a focus on ergonomic designs and technological advancements, North American manufacturers cater to diverse needs. This strategic approach, in line with a strong consumer base, positioned North America as a pivotal contributor to the industry.
The rising construction projects and infrastructure development initiatives in the U.S. has increased the demand for reliable material handling equipment for transporting construction materials, tools, and equipment. Hand trucks and dollies play a crucial role at the construction sites, helping workers move heavy loads efficiently.
The expansion of retail chains, wholesale markets, and distribution networks in Europe especially in UK and France have created a higher demand for material handling equipment like hand trucks and dollies to move goods efficiently within stores, warehouses, and delivery centers. Furthermore, With the growing need for faster order fulfillment and optimized warehouse operations, companies in these countries are investing in material handling equipment like hand trucks and dollies to improve efficiency, productivity, and throughput in their warehouses.
Japan is known for its manufacturing excellence and commitment to quality. Hand trucks and dollies are essential tools in Japanese manufacturing facilities for transporting raw materials, components, and finished products, contributing to the demand for reliable and high-quality equipment. Also, the high presence of aging population and labor shortages has created challenges for manual material handling tasks in various industries in the country. Hand trucks and dollies help address these challenges by enabling efficient and ergonomic handling of goods, reducing reliance on manual labor.
Hand Trucks and Dollies Market Share
Harper Trucks, Inc. and Magline, Inc. hold a significant position in the market with over 5% of the market share in 2023. Harper Trucks, Inc. prioritizes customer needs and feedback for product development efforts and to ensure that the company delivers solutions that meet or exceed customer expectations.
Magline, Inc. incorporates vertical integration strategies, such as acquiring suppliers or distributors along the value chain to greater control over its supply chain and distribution channels. This helps the company in cost savings, improved efficiency, and enhanced competitiveness in the market.
Hand Trucks and Dollies Market Companies
Major players operating in the hand trucks and dollies industry are
- B&P Manufacturing
- BIL Group
- Cosco Home & Office Products
- Harper Trucks, Inc.
- Little Giant Products, Inc.
- Magline, Inc.
- Mighty Lift
- Milwaukee Hand Trucks
- Qingdao Huatian Hand Truck Co., Ltd.
- Wesco Industrial Products
Hand Trucks and Dollies Industry News
- In March 2023, Agilox broadened its range of autonomous mobile robots (AMRs) by introducing the Omnidirectional Dolly Mover, known as Agilox ODM. This new addition offers enhanced maneuverability and efficiency.
This hand trucks and dollies market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and shipments (units) from 2021 to 2032, for the following segments
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Market, By Type
- Foldable hand trucks
- Non-foldable hand trucks
- Hand trucks & dollies
Market, By Application
- Transport stations
- Retail
- Household
- Others
Market, By Sales Channel
- Online
- Offline
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Nordics
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- ANZ
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- MEA
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
Table of Content
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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )