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U.S. and Canada Material Handling Carts Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Country: (U.S. and Canada)

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    Report

  • 223 Pages
  • September 2024
  • Region: Canada, United States
  • Fairfield Market Research
  • ID: 5998393
The U.S. and Canada material handling carts market is witnessing robust growth, with its market size expected to reach USD 725.73 million by 2024. Driven by increasing industrial operations across sectors like manufacturing, logistics, and retail, material handling carts are becoming essential for enhancing efficiency, safety, and productivity. By 2031, the market is projected to surge to USD 1.16 billion, growing at a steady CAGR of 7.00%. The demand for both manual and automated material handling carts is anticipated to rise as businesses continue to prioritize operational improvements and streamlined workflows.

Increasing Adoption of Material Handling Carts in North America

Material handling carts, which require manual labor to push or pull them by hand, are widely used for transporting heavy loads over short distances. These carts come in various sizes and designs to meet specific industrial needs. While manual carts continue to play a vital role, automated material handling carts have been gaining preference in the U.S. and Canada. The growing trend toward automation, with these carts accounting for a substantial market share, highlights the increasing reliance on technology to streamline industrial operations.

Automation Takes Center Stage

Automatic material handling carts have gained a prominent share of the market in North America due to their ability to significantly reduce labor costs, increase efficiency, and improve safety. The automatic segment is a preferred choice across multiple industries, including retail, healthcare, hospitality, and logistics. As businesses continue to prioritize operational efficiency, the demand for automated carts is expected to rise, offering solutions for transporting materials in a safe, cost-effective manner.

Diverse Applications Across Industries

Material handling carts are indispensable in a variety of sectors. From retail and manufacturing to logistics and healthcare, these carts are utilized to move products and materials efficiently. The industry has seen continuous innovation, with carts available in different forms such as platform carts, hand trucks, tilt carts, and drum handling carts. Depending on the application, they can be made from steel, plastic, or rubber, adding versatility to their utility. As businesses continue to focus on operational efficiency, material handling carts are expected to remain a crucial element in everyday industrial activities.

The Impact of E-Commerce on Market Dynamics

The exponential growth of e-commerce has played a pivotal role in reshaping the material handling carts market. With increasing volumes of online shopping, companies are investing in more efficient and flexible material handling solutions to meet rising consumer demands for faster and more reliable deliveries. This shift has resulted in businesses adopting advanced technology to streamline their supply chains, reducing operational costs while maintaining a high standard of customer satisfaction.

Worker Safety Drives the Demand for Ergonomic Solutions

With stringent regulations surrounding worker safety, industries are investing in ergonomically designed carts that meet specific safety standards. This has led to a growing demand for carts equipped with anti-tip features, adjustable handles, and secure locking mechanisms, all designed to minimize worker fatigue and reduce the risk of injuries. Companies are also exploring automated solutions to reduce manual labor, further enhancing worker safety and compliance with safety regulations. This emphasis on workplace safety is expected to fuel the demand for material handling carts in the coming years.

Cost Barriers to Adoption

Despite the undeniable benefits of material handling carts, the high initial investment can be a deterrent for some businesses. The cost of purchasing and customizing carts to fit specific operational needs can be significant, particularly for small to medium-sized businesses. Additionally, the ongoing costs associated with maintenance and repairs further add to the total cost of ownership. These factors may slow down the rate of adoption for certain businesses operating under tight financial constraints.

Regional Insights: U.S. Leading the Market

The material handling carts market in the U.S. is leading the way compared to neighboring Canada and Mexico. The U.S. boasts a more mature economy and industrial sector, which contributes to a larger demand for material handling solutions. The country's developed supply chain and favorable business environment further solidify its dominance in this market. Differences in government policies and regulations also play a role in shaping market share among these countries, with the U.S. offering more supportive policies for manufacturing and logistics industries.

Growing Preference for Online Sales

Online sales of material handling carts are on the rise, driven by the convenience of digital purchasing. The ability to easily compare products, research their features, and complete transactions online has made this channel highly attractive to buyers. This shift is expected to boost the adoption of material handling carts, particularly as businesses increasingly look to online platforms for cost-effective solutions to meet their industrial needs.

Competitive Analysis

  • Flexqube
  • Manitowoc
  • Beumer Group
  • Crown Equipment Corporation
  • American Grinding and Machining Co.
  • Toyota
  • Qingdao Benco Industry Co. Ltd
  • Sharp Industries
  • Savant Automation
  • Steel King Industries
  • Laksi Carts Inc
  • Grainger
  • RDM Industrial Products
  • Unitran Manufacturers Ltd
  • Rubbermaid Commercial Products
  • Galifco Oregon
  • Steel Mill Cranes
  • Leeco Steel

U.S. and Canada Material Handling Carts Market Segmentation

By Product Type:

  • Manual
  • Platform Carts
  • Hand Trucks
  • Dollies
  • Tilt Carts
  • Service Carts
  • Drum Handling Carts
  • Wire Carts
  • Utility Carts
  • Laundry Carts
  • Hospitality Carts
  • Semi-Automatic
  • Picking Carts
  • Bin Carts
  • Stock Picking Carts
  • Medical Carts
  • Automatic
  • Flatbed Trailers
  • Dump Trailers
  • Container Trailers
  • Warehouse Carts
  • Others

By Material:

  • Aluminum
  • Pneumatic Rubber
  • Filled Rubber
  • Solid
  • Steel
  • Pneumatic Rubber
  • Filled Rubber
  • Solid
  • Stainless Steel
  • Pneumatic Rubber
  • Filled Rubber
  • Solid
  • Plastic

By Sales Channel:

  • Online
  • Offline
  • Distributors/Dealers
  • Direct

By Application:

  • Retail & Grocery
  • Food & Beverages
  • Manufacturing
  • Logistics
  • e-Commerce
  • Automotive
  • Government
  • Others

By Country:

  • U.S.
  • Canada
  • Mexico


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Table of Contents

1. Executive Summary
1.1. U.S. and Canada Material Handling Carts Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Price Analysis, 2019 - 2023
3.1. Average Price Analysis, by Book Type, US$ Per Units, 2019 - 2023
3.2. Prominent Factor Material Handling Carts Average Price Analysis, by Region, US$ Per Units, 2019 - 2023
4. U.S. and Canada Material Handling Carts Market Outlook, 2019 - 2031
4.1. U.S. and Canada Material Handling Carts Market Outlook, By Product Type, Value (US$ Mn) and Volume (Units), 2019 - 2031
4.1.1. Key Highlights
4.1.1.1. Manual
4.1.1.1.1. Platform Carts
4.1.1.1.2. Hand Trucks
4.1.1.1.3. Dollies
4.1.1.1.4. Tilt Carts
4.1.1.1.5. Service Carts
4.1.1.1.6. Drum Handling Carts
4.1.1.1.7. Wire Carts
4.1.1.1.8. Utility Carts
4.1.1.1.9. Laundry Carts
4.1.1.1.10. Hospitality Carts
4.1.1.2. Semi-Automatic
4.1.1.2.1. Picking Carts
4.1.1.2.2. Bin Carts
4.1.1.2.3. Stock Picking Carts
4.1.1.2.4. Medical Carts
4.1.1.3. Automatic
4.1.1.3.1. Flatbed Trailers
4.1.1.3.2. Dump Trailers
4.1.1.3.3. Container Trailers
4.1.1.3.4. Warehouse Carts
4.1.1.3.5. Others
4.2. U.S. and Canada Material Handling Carts Market Outlook, By Material, Value (US$ Mn) and Volume (Units), 2019 - 2031
4.2.1. Key Highlights
4.2.1.1. Aluminum
4.2.1.1.1. Pneumatic Rubber
4.2.1.1.2. Filled Rubber
4.2.1.1.3. Solid
4.2.1.2. Steel
4.2.1.2.1. Pneumatic Rubber
4.2.1.2.2. Filled Rubber
4.2.1.2.3. Solid
4.2.1.3. Stainless Steel
4.2.1.3.1. Pneumatic Rubber
4.2.1.3.2. Filled Rubber
4.2.1.3.3. Solid
4.2.1.4. Plastic
4.3. U.S. and Canada Material Handling Carts Market Outlook, By Sales Channel, Value (US$ Mn) and Volume (Units), 2019 - 2031
4.3.1. Key Highlights
4.3.1.1. Online
4.3.1.2. Offline
4.3.1.2.1. Distributors/Dealers
4.3.1.2.2. Direct
4.4. Market Attractiveness Analysis
4.5. U.S. and Canada Material Handling Carts Market Outlook, By Application, Value (US$ Mn) and Volume (Units), 2019 - 2031
4.5.1. Key Highlights
4.5.1.1.1. Retail & Grocery
4.5.1.1.2. Food & Beverages
4.5.1.1.3. Manufacturing
4.5.1.1.4. Logistics
4.5.1.1.5. e-Commerce
4.5.1.1.6. Automotive
4.5.1.1.7. Government
4.5.1.1.8. Others
4.5.2. Market Attractiveness Analysis
5. Competitive Landscape
5.1. By Material vs By Sales Channel Heatmap
5.2. Company Market Share Analysis, 2024
5.3. Competitive Dashboard
5.4. Company Profiles
5.4.1. Flexqube
5.4.1.1. Company Overview
5.4.1.2. Product Portfolio
5.4.1.3. Financial Overview
5.4.1.4. Business Strategies and Development
5.4.2. Manitowoc
5.4.2.1. Company Overview
5.4.2.2. Product Portfolio
5.4.2.3. Financial Overview
5.4.2.4. Business Strategies and Development
5.4.3. Beumer Group
5.4.3.1. Company Overview
5.4.3.2. Product Portfolio
5.4.3.3. Financial Overview
5.4.3.4. Business Strategies and Development
5.4.4. Crown Equipment Corporation
5.4.4.1. Company Overview
5.4.4.2. Product Portfolio
5.4.4.3. Financial Overview
5.4.4.4. Business Strategies and Development
5.4.5. American Grinding and Machining Co.
5.4.5.1. Company Overview
5.4.5.2. Product Portfolio
5.4.5.3. Financial Overview
5.4.5.4. Business Strategies and Development
5.4.6. Toyota
5.4.6.1. Company Overview
5.4.6.2. Product Portfolio
5.4.6.3. Financial Overview
5.4.6.4. Business Strategies and Development
5.4.7. Qingdao Benco Industry Co. Ltd
5.4.7.1. Company Overview
5.4.7.2. Product Portfolio
5.4.7.3. Financial Overview
5.4.7.4. Business Strategies and Development
5.4.8. Sharp Industries
5.4.8.1. Company Overview
5.4.8.2. Product Portfolio
5.4.8.3. Financial Overview
5.4.8.4. Business Strategies and Development
5.4.9. Savant Automation
5.4.9.1. Company Overview
5.4.9.2. Product Portfolio
5.4.9.3. Financial Overview
5.4.9.4. Business Strategies and Development
5.4.10. Steel King Industries
5.4.10.1. Company Overview
5.4.10.2. Product Portfolio
5.4.10.3. Financial Overview
5.4.10.4. Business Strategies and Development
5.4.11. Laksi Carts Inc
5.4.11.1. Company Overview
5.4.11.2. Product Portfolio
5.4.11.3. Financial Overview
5.4.11.4. Business Strategies and Development
5.4.12. Grainger
5.4.12.1. Company Overview
5.4.12.2. Product Portfolio
5.4.12.3. Financial Overview
5.4.12.4. Business Strategies and Development
5.4.13. RDM Industrial Products
5.4.13.1. Company Overview
5.4.13.2. Product Portfolio
5.4.13.3. Financial Overview
5.4.13.4. Business Strategies and Development
5.4.14. Unitran Manufacturers Ltd
5.4.14.1. Company Overview
5.4.14.2. Product Portfolio
5.4.14.3. Financial Overview
5.4.14.4. Business Strategies and Development
5.4.15. Rubbermaid Commercial Products
5.4.15.1. Company Overview
5.4.15.2. Product Portfolio
5.4.15.3. Financial Overview
5.4.15.4. Business Strategies and Development
5.4.16. Galifco Oregon
5.4.16.1. Company Overview
5.4.16.2. Product Portfolio
5.4.16.3. Financial Overview
5.4.16.4. Business Strategies and Development
5.4.17. Steel Mill Cranes
5.4.17.1. Company Overview
5.4.17.2. Product Portfolio
5.4.17.3. Financial Overview
5.4.17.4. Business Strategies and Development
5.4.18. Leeco Steel
5.4.18.1. Company Overview
5.4.18.2. Product Portfolio
5.4.18.3. Financial Overview
5.4.18.4. Business Strategies and Development
6. Appendix
6.1. Research Methodology
6.2. Report Assumptions
6.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Flexqube
  • Manitowoc
  • Beumer Group
  • Crown Equipment Corporation
  • American Grinding and Machining Co.
  • Toyota
  • Qingdao Benco Industry Co. Ltd
  • Sharp Industries
  • Savant Automation
  • Steel King Industries
  • Laksi Carts Inc
  • Grainger
  • RDM Industrial Products
  • Unitran Manufacturers Ltd
  • Rubbermaid Commercial Products
  • Galifco Oregon
  • Steel Mill Cranes
  • Leeco Steel

Methodology

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