Hand Trucks And Dollies Market Size, Share | 2024 To 2031

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The global hand trucks and dollies market size was USD 680.7 million in 2022 and is expected to reach USD 855.07 million in 2031, exhibiting a CAGR of 2.6% during the forecast period.

A stack truck, box cart, trundler, and a few more terms are also used to refer to a hand truck or dolly. The purpose of the hand trucks and dollies is to move big objects or boxes. Hand-trucks and dollies also have handles on top for improved grip. It is a handcart with wheels connected to its back legs to make it simpler to transport heavy boxes. Any sector that deals with bulky, heavy boxes of products might greatly benefit from these L-shaped storage solutions.

Since hand truck and dollies are one of the most effective ways to move anything that weighs too much, the market for these products will grow during the forecast period. The hand trucks and dollies move easily, and you may transport many big boxes with their assistance; they can help you transfer large machinery or many items to a new site while saving time and effort.

The global COVID-19 pandemic has been unprecedented and staggering, with the market for hand trucks and dollies experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Several industries and enterprises suffered greatly due to COVID-19, which hit the planet in 2020 and forced lockdowns on it. In a similar vein, the COVID-19 pandemic also restrained the growth of the hand truck and dollies market. Global supply chains for hand truck and dollies were significantly impacted by the pandemic, as was the demand for these products. The industries that produce hand trucks and dollies were shut down, and all export and import were halted due to the lockdown regulations. The hand truck and dollies market growth was consequently stopped for almost a year.

"Powered Hand Trucks Could Preliterate Market Growth"

An advancement in technology in the market for hand trucks and dollies is the use of powered hand-trucks and dollies. Workers and laborers alike could move larger things everywhere and easily, thanks to electrically powered hand trucks and dollies. Electric hand trucks are very useful when transporting items over long distances. Using powered hand trucks also eliminates needless labor, lowering the operation cost.

According to type, the market can be segmented into foldable hand trucks, non-foldable hand trucks, and hand trucks & dollies. Among these segments, the hand trucks and dollies segment is anticipated to hold the maximum market share during 2022-2028.

The market can be divided based on application into transport stations, retail, household, and others. Out of these, the transport stations segment is expected to be the leading segment by application over the forecast duration.

"Rapid Urbanization Would Augment Market Growth"

Due to rapid urbanization and industrialization, the market of hand trucks and dollies would grow immensely. The use of hand trucks and dollies has increased along with industrialization and urbanization worldwide; as a result, there has been significant growth in market demand for these items. Hand trucks and dollies are extremely in demand throughout a wide range of industries, including manufacturing, super and hypermarkets, warehouses, and others.

"Increase In Logistics And Retail Industry Boosts Market Growth"

The expansion of the logistics and retail sectors is mostly responsible for the huge development in demand for hand trucks and dollies. Hand trucks and dollies play a critical part in these sectors of the economy. In retail and logistics, using hand trucks and dollies reduces the manual effort required to lift, move, and position a range of objects. The hand trucks and dollies market are anticipated to expand alongside the retail and logistics sectors' expansion throughout the forecasted period.

"High Cost Of Hand Trucks Could Hinder Market Development"

Hand trucks and dollies are relatively more expensive than hiring personnel to move and lift heavier objects. As opposed to purchasing a hand truck or a dolly to lift heavy boxes, engaging one or two people to conduct manual labor is substantially less expensive. In addition, the price of energy and gas will increase over time if the hand trucks and dollies are powered by electricity or run on gas. This problem may slow the market expansion of hand trucks and dollies.

"North America Region Leads The Market Due To Rapid Industrialization"

North America holds the majority of the hand trucks and dollies market share among other regions due to ever-growing industrialization in the region and the region being the playground for most hand truck and dolly manufacturing companies. The larger economies in the North American region, which are the market's primary drivers, are also experiencing an all-time high in the logistics sector.

Most market shares for hand trucks and dollies are held by Asia Pacific, which comes in second place only slightly behind North America. Due to the region's development, the hand truck and dollies market is also expanding in Asia. The Asia Pacific region's member states are the epicenter of expanding economies and urbanization, directly affecting the need for hand trucks and dollies. The market benefits from the desire for quick deliveries in the Asia Pacific, the region with the highest population. The market in Asia Pacific may experience substantial growth due to the factors mentioned above.

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors such as segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.

Market Size Value In

US$ 680.7 Million in 2022

Market Size Value By

US$ 855.07 Million by 2031

Growth Rate

CAGR of 2.6% from 2022 to 2031

Forecast Period

2024-2031

Base Year

2023

Historical Data Available

Yes

Regional Scope

Global

Segments Covered

Types & Application

The global hand trucks and dollies market is expected to touch USD 855.07 million by 2031.

The hand trucks and dollies market is expected to exhibit a CAGR of 2.6% over 2024-2031.

The global trend toward urbanization and industrialization, as well as the booming retail and logistics industries, are propelling the hand trucks and dollies market.

Harper Trucks (U.S.), Magliner (U.S.), Mighty Lift (U.S.), B&P Manufacturing (U.S.), and BIL Group (1972) (U.K.) are some of the key players involved in the hand trucks and dollies market