PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449445
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449445
The global wheelbarrow market size is expected to reach USD 1,124.15 million by 2032, according to a new study by Polaris Market Research. The report "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" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growth of the wheelbarrow market is highly attributable to the rising concerns about gardening among the population. The COVID-19 pandemic influenced the significant demand for gardening culture driven by the stringent lockdown measures taken by the government, which encouraged people to plant trees and establish gardens for fresh air and availability of time.
Wheelbarrows are mostly employed in load lifting activities in construction and gardening applications. The growing research and development activities by market players to develop advanced wheelbarrows with the aim of meeting changing consumer needs. For instance, in June 2023, Webb, a British garden manufacturer, unveiled a 90-litre puncture-free wheelbarrow to its product line, allowing people to transfer garden material easily throughout the ground.
The rising construction activities in the marketplace are expected to drive demand for construction equipment, including wheelbarrows, in the worldwide market. For instance, in September 2023, based on type commerce department data, the US registered a significant surge in demand for single-family home building by 3.2%, with 963,000 units in September compared to 933,000 in August.
The growing investments by the major players in the global market to adopt technological advancements in their production processes are playing a vital role in the expansion of the wheelbarrow market. For instance, in June 2023, Walsall, a producer of wheelbarrows, announced an investment of £80k in robotics, aiming to strengthen its production efficiency.
The electric segment is anticipated to witness the highest growth in the coming years due to its superior performance.
The plastic segment accounted for the largest market share owing to its ability to protect against corrosion.
Construction segment is projected to register higher demand during the forecast period owing to the growing construction activities.
Latin America, and the Middle East & Africa region is projected to register the fastest growth attributable to the rising demand for housing.
The global players include Bullbarrow Products, Cormidi S.r.l., Gorilla Carts, Haemmerlin - CDH Group, Silvan Australia Pty Ltd., & Stanley Black & Decker.
Polaris Market Research has segmented the wheelbarrow market report based on product type, material, price, operation, wheel, capacity, application, distribution channel and region: