North America Hand Truck Market (2022-2028) | Forecast, Size, Analysis, Growth, Trends, Value, Revenue, Outlook, Industry, Share, Segmentation & COVID-19 IMPACT

North America Hand Truck Market Synopsis

North America Hand Truck Market grew significantly during the forecast period on the back of growing retail sector and manufacturing sector. Due to the COVID-19 pandemic the government had imposed restrictions which negatively impact the growth of manufacturing sector and reduce the trading activities in the region. Although, with the gradual upliftment of lockdown restrictions, manufacturing and retail sector began to get back on track as operations resumed, which led hand truck market back to its growth trajectory.

According to 6Wresearch, the North America Hand Truck Market revenues is projected to grow at a CAGR of 4.9% during 2022-2028. The primary reason for the growth in the North America Hand Truck Market could be attributed to growing retail sector and rise in the number of e-commerce sales along with growing logistics sector. Further, increasing manufacturing sales in Canada coupled with rapidly increasing market size of manufacturing industry of United States would surge the demand for hand trucks thereby driving the North America Hand Truck Industry positively in the upcoming years. On the other hand, the rising percentage of labour quitting the jobs the end users are shifting to automated hand trucks which requires less labour to move the goods.

Market by Material

Steel hand truck is expected to register highest growth in the forecast years owing to it being economical and offering wide applicability across different operations of residential and industrial sector.

Market by Weight Carrying Capacity

300-600 Pound hand truck should be focusing segment owing to its wider applicability in stores, malls, hypermarkets, and warehouse.

Market by Application

Retail and E-Commerce is expected to register highest growth in the upcoming years owing to the rising users of e-commerce along with rising consumer spending in the retail sector.

Market by Price

Due to the OEM’s preference high price hand truck would register highest growth as it provides more safety to the labors.

Market by Distribution Channel

Offline distribution channel garnered the majority market share and would continue to grow during the forecast period owing to lack of waiting time period for delivery of the product coupled with opening of new retail stores across the country. Additionally, offline channels enable people to check for any physical damage and investigate about its operations. 

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2022
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• North America Hand Truck Market Overview
• North America Hand Truck Market Outlook
• North America Hand Truck Market Forecast
• Historical Data and Forecast of North America Hand Truck Market Revenues, for the Period 2018-2028F
• Historical Data and Forecast of U.S.A. Hand Truck Market Revenues, By Material, for the Period 2018-2028F
• Historical Data and Forecast of U.S.A. Hand Truck Market Revenues, By Weight Carrying Capacity, for the Period 2018-2028F
• Historical Data and Forecast of U.S.A. Hand Truck Market Revenues, By Application, for the Period 2018-2028F
• Historical Data and Forecast of U.S.A. Hand Truck Market Revenues, By Price, for the Period 2018-2028F
• Historical Data and Forecast of U.S.A. Hand Truck Market Revenues, By Distribution Channel, for the Period 2018-2028F
• Historical Data and Forecast of Canada Hand Truck Market Revenues, By Material, for the Period 2018-2028F
• Historical Data and Forecast of Canada Hand Truck Market Revenues, By Weight Carrying Capacity, for the Period 2018-2028F
• Historical Data and Forecast of Canada Hand Truck Market Revenues, By Application, for the Period 2018-2028F
• Historical Data and Forecast of Canada Hand Truck Market Revenues, By Price, for the Period 2018-2028F
• Historical Data and Forecast of Canada Hand Truck Market Revenues, By Distribution Channel, for the Period 2018-2028F
• Market Drivers and Restraints
• Key Strategic Recommendations

Market Scope and Segmentation

Thereportprovides a detailed analysis of the following market segments:

By Material

• Steel Hand Trucks
• Aluminum Hand Trucks

By Weight Carrying Capacity

• Under 150 Pound
• 150.1-300 Pound
• 300.1-600 Pound
• 600.1-1,000 Pound
• Over 1,000 Pound

By Application

• Retail and E-Commerce
• Logistics And Transportation
• Commercial
• Households

By Price

• Low (Below $200)
• Medium ($200-$350)
• High (Above $350)

By Distribution Channel

• Online
• Offline