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
- Published Date:Feb-2024
- Pages: 117
- Format: PDF
- Report ID: PM4607
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
Wheelbarrow Market size was valued at USD 754.55 million in 2023. The market is anticipated to grow from USD 783.90 million in 2024 to USD 1,124.15 million by 2032, exhibiting the CAGR of 4.6% during the forecast period.
Market Overview
Wheelbarrows are mostly gaining adoption in the global space, with rising adoption in several applications due to their ease of material transportation from one place to another. It is highly efficient in assisting people engaged in construction activities, as they require tools to transport loads such as dirt, sand, and heavy materials, as well as in the mixing and transportation of concrete. In addition, the rising technological adoption in the development of wheelbarrows by manufacturers is expected to widen the scope of the global market.
- For instance, in 2023, Hiking Machinery announced the launch of its new remote-control wheelbarrow with the potential to navigate in rough and loose terrain along with climbing at a 45° slope due to its efficient motor and 4x4 drive mode.
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Moreover, the ongoing environmental-friendly initiatives and the establishment of gardens among the majority of households due to their greenery and fresh air are anticipated to offer new growth opportunities for the wheelbarrow market in the next few years. For instance, in February 2024, Technovos announced the launch of sustainable electric wheelbarrow, GaadE. These product developments are expected to create effective wheelbarrows to the world with the changing global needs.
However, the presence of economical alternatives to the wheelbarrow in the marketplace is expected to restrain the adoption of the wheelbarrow in the world market.
Growth Drivers
The growing research studies exploring wheelbarrow design
Global wheelbarrow manufacturers are stepping forward with new designs and investments to develop efficient product with the incorporation of advanced technologies. This is expected to create affordable, and convenient wheelbarrows in the marketplace, promptly stimulate its adoption in the coming years. For instance, a 2022 study published in Science Direct focused on developing economical multi-utility wheelbarrows with the significant ability to aid people in day-to-day activities, primarily during floods, enabling people to lift their children with increased safety by using Ansys software. The development of user-friendly and multipurpose wheelbarrows in the marketplace is likely to facilitate significant growth opportunities for the market during the forecast period.
Increase in the use of wheelbarrows in farming, gardening, and landscaping
Consumers are preferring to buy wheelbarrow for the diverse applications, such as farming, gardening, and more. After the COVID-19 pandemic, people are showing interest in home decor, and gardening, significantly fueling the consumption of wheelbarrows driven by its potential to assist people in carrying plants, saplings, weeds, and other loads. Furthermore, in agriculture, it is also used to transport fertilizers, loading and unloading of produced vegetables, fruits, and other produce, which is projected to fuel its need in the market.
Restraining Factors
Rising automation of construction tools is likely to impede market growth
The technological evolution is altering the way world works in the several sectors. Researchers are working on to replace mechanical activities with the machine automation, lowering the need for labor-intensive activities. This trend is expected to lower the adoption of wheelbarrows in the long run, driven by ongoing innovations with the potential to replace wheelbarrows.
Report Segmentation
The market is primarily segmented based on product type, material, price, operation, wheel, capacity, application, distribution channel, and region.
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By Product Type |
By Material |
By Price |
By Operation |
By Wheel |
By Capacity |
By Application |
By Distribution Channel |
By Region |
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By Product Type Analysis
Electric segment is expected to witness the highest growth during the forecast period
The electric segment is projected to grow at a CAGR during the projected period, mainly driven by the rising innovations in the development of electric wheelbarrows in the marketplace. The growing demand for higher efficiency tools in the construction operations is encouraging people to equip themselves with electric wheelbarrows as they do not require manual labor, leading to lower labor costs for contractors.
By Price Analysis
Medium (US$ 50-200) segment held the significant market revenue share in 2023
The medium (US$ 50–200) segment held a significant market share in revenue in 2023, which is highly accelerated due to the continuous rise in cost-effective wheelbarrows in the marketplace. The ongoing need for efficient wheelbarrows for moving materials from one place to another is positively driving the demand for medium-priced products due to their affordability.
By Operation Analysis
Heavy-duty wheelbarrows are expected to witness significant growth
The growth of the heavy-duty wheelbarrow segment in the forecast period is highly influenced by the necessity of superior wheelbarrows in heavy-duty transportation, as it is usually difficult for laborers to lift the load manually without any support from the equipment tools. The rising heavy-load lifting activities, mainly in the construction space, are boosting the adoption of heavy-duty wheelbarrows. However, the establishment of wheelbarrows with the capability to carry heavy, medium, and lower weight loads is positively fueling the growth of the market during the study period.
Regional Insights
Asia Pacific region registered the largest share of the global market in 2023
APAC dominated the global market in 2023. Region’s growth is attributed to the growing construction activities in the countries, primarily in India and China. The growing population in the region is creating a thriving market for the construction industry. According to the government official statistics in 2023, the Indian construction industry witnessed a growth of 13.3% in July–September, in comparison to previous year. This demonstrates the significant uptick in construction work, driving the demand for equipment, including wheelbarrows.
The LAMEA (Latin America and Middle East Asia) region is expected to be the fastest-growing region with a healthy CAGR during the projected period, owing to the growing gardening culture and rising demand for housing in urban areas. According to a 2022 study, the urban population is expected to rise by 90% in Latin America. This demonstrates the significant need for wheelbarrows in the construction and allied activities.
Key Market Players & Competitive Insights
Strategic partnerships to drive the competition
The wheelbarrow market is fragmented, with the presence of several small players with a lower share in the global market. The rising innovations in the marketplace are projected to fuel growth in the next few years. For instance, in 2023, Hiking Machinery introduced a remote-controlled electric wheelbarrow, the HKPB360-RC, with the capability to carry up to 500 kg.
Some of the major players operating in the global market include:
- Bullbarrow Products (UK)
- Cormidi S.r.l. (Italy)
- Gorilla Carts (US)
- Haemmerlin - CDH Group (France)
- Silvan Australia Pty Ltd. (Australia)
- Stanley Black & Decker (US)
- The Ames Companies, Inc. (US)
- The Walsall Wheelbarrow Co., Ltd. (UK)
- Wolverine Products Inc. (US)
- Yardmax Power Equipment, Inc. (US)
Recent Developments in the Industry
- In April 2024, Onewheel and Gorilla introduced a new electric assistance-based wheelbarrow, named Onewheel Barrow with the potential to promote the productivity and handle transit of heavy loads in the construction, gardening, and home activities.
- In 2022, PowerPusher unveiled its latest electrical wheelbarrow, E-750 with the potential to monitor real-time processing activities, enabling it to maximize its productivity in the construction sector.
Report Coverage
The wheelbarrow market report emphasizes on key regions across the globe to provide better understanding of the product to the users. Also, the report provides market insights into recent developments, trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides detailed analysis of the market while focusing on various key aspects such as competitive analysis, product type, material, price, operation, wheel, capacity, application, distribution channel and their futuristic growth opportunities.
Wheelbarrow Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 783.90 million |
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Revenue forecast in 2032 |
USD 1,124.15 million |
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CAGR |
4.6% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments covered |
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Regional scope |
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Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
FAQ's
key companies in Wheelbarrow Market are Bullbarrow Products, Cormidi S.r.l., Gorilla Carts, Haemmerlin - CDH Group
Wheelbarrow Market exhibiting the CAGR of 4.6% during the forecast period.
The Wheelbarrow Market report covering key segments are product type, material, price, operation, wheel, capacity, application, distribution channel and region.
key driving factors in Wheelbarrow Market are growing research studies exploring wheelbarrow design
The global wheelbarrow market size is expected to reach USD 1,124.15 million by 2032
