PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1290517
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1290517
Global Wheelbarrow Market is valued approximately at USD 743.4 million in 2022 and is anticipated to grow with a healthy growth rate of more than 4.6% over the forecast period 2023-2030. A wheelbarrow is hand-propelled vehicle used for moving small number of materials like sand, gravel, or dirt. It is made out of a tray or bed fixed on one or two wheels with two handles for pushing or pulling at the back. When items need to be delivered over short distances for outdoor tasks like gardening, building, or other outdoor labor, a wheelbarrow is often utilised. Compared to carrying things by hand, it is a quick and effective instrument that can save time and energy. The Wheelbarrow market is expanding because of factors such as increasing construction industry and rising agriculture sector.
According to Statista, in the year 2019 global Construction industry spending stood at USD 12 trillion which increased to USD 12.9 trillion in year 2021 and it is projected to reach USD 19.2 trillion by year 2035. This rising spending indicates the rising number of construction activities across the globe which is driving the market growth. Wheelbarrow demand is rising in the agricultural and farming sector due to the ease of transporting goods like fertilizer, animal feed, and other materials & supplies around the farm from one location to another. Wheelbarrows also considerably boost agricultural and agricultural production and expansion. Additionally, it helps farmers move large quantities of useful substances, such as organic and inorganic manure, around the farmland. In addition, increase in material handling activities and increase in production activities is creating lucrative growth to the market. However, the high cost of metals stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Wheelbarrow Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 with largest market share owing to rising construction activities, rising agriculture activities in the region. Europe is expected to fastest growing during the forecast period, owing to factors such as rising manufacturing industry, rising construction projects.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Wheel offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable