Hand Trucks Market Introduction

A hand truck is a box-moving handcart usually L shaped with handles at one end, wheels at the base, having a small ledge to set objects on when the hand-truck is erect. The objects to be moved are tilted forward, the ledge is inserted underneath them, and the objects allowed to tilt back and rest on the ledge. The truck and object are then tilted backward until the weight is balanced over the large wheels, making heavy and bulky objects easy to move.

Hand Trucks Market- Competitive Landscape

Harper Trucks, Inc.

Incorporated in 1940, Harper Trucks has evolved from metal fabricator to the largest hand truck manufacturer in the world. The company has 2500 distributors in North America. The company is now positioned to enter the international marketplace full-force with its expansion strategy.

Qingdao Huatian Hand Truck Co., Ltd.

Founded in 2000, Qingdao Huatian Hand Truck manufactures trolleys, hand trucks, wheel barrows, tool carts, metal products, plastic products, rubber products, logistics equipment, gardening tools, etc. The company has five production sites and ten production factories with more than 1,500 employees.

Is something restraining your company’s growth in the Hand Trucks Market? Ask for the Report Brochure here

Wesco Industrial Products, LLC.

Incorporated in 1948, the company was originally named Welding Service and Equipment Co. it started with manufacturing of steel hand trucks and then expanded its product portfolio into a full line of vending and appliance trucks, stackers, platform trucks, pedalifts, and lift tables. In 1961, the company moved to its present location in North Wales, PA, the U.S.

New Age Industrial

In 1966, New Age Industrial started selling extrusions to window and door manufacturers. In 1972, the company started serving the food service industry. The company now has an extensive product portfolio that includes cabinets, carts, casters, hand trucks, and ladder carts.

The Fairbanks Company

With more than 125 years of experience, The Fairbanks Company manufactures a wide range of products including casters, wheels, hand trucks, platform trucks, and dollies. Since 1887, the company has been shipping these equipment worldwide from its manufacturing units located in Rome and Georgia.

The other key players in the hand trucks market are Milwaukee Hand Trucks (Gleason Industrial Product), Little Giant (Brennan Equipment and Manufacturing, Inc.), Qingdao Taifa Group, B&P Manufacturing (Craig and Tracy Hewett), Maker Group Industry Limited, BIL Group, Qingdao Giant Industry & Trading, Qingdao Xinjiangyuan Power Technology, Qingdao Zhenhua Industrial Group Co., Ltd. and others.

Looking for Regional Analysis or Competitive Landscape in Hand Trucks Market, Ask for a Customized Report here

Hand Trucks Market Dynamics

Hand trucks which are sophisticated and versatile are seeing increasing demand. Hand trucks evolved to meet the changing needs of the industry as equipment got bigger and heavier, and regulations became stricter concerning worker safety .The rapid increase in industrialization leads to growing demand for hand trucks for transportation of goods.

Hand Trucks Market Segmentation

Based on material type, the hand trucks market can be segmented into

  • Steel Hand Trucks
  • Aluminum Hand Trucks

Based on product type, the hand trucks market can be categorized into

  • Under 150 pound
  • 150-300 pound
  • 300-600 pound
  • 600-1,000 pound
  • Over 1,000 pound

In terms of application, the hand trucks market can be categorized into

  • Transport stations
  • Retail
  • Households
  • Others

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Hand Trucks Market

Pre Book