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.

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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.

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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   

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Hand Trucks Market

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