Below are some of the key findings from the electric wheelbarrow market research report
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Global electric wheelbarrow industry overview
One of the key factors contributing to the growth of the global electric wheelbarrow market is the growth of the global construction market. The global construction market has experienced drastic changes in the past decade. Developed economies such as the US and the UK are currently facing the problem of aging infrastructure. Maintenance and restoration operations along with the shift to sustainable building development and retrofitting practices are driving the growth of the construction market in these countries. In addition, green and sustainable building developments have invited significant investments and technological innovations. The construction industry has provided huge opportunities for the global electric wheelbarrow market. Governments of various countries such as India, Saudi Arabia, and Qatar are investing heavily in the development of smart cities, in turn, driving the electric wheelbarrow market.
The growing popularity of non-marking tires is identified as one of the major trends being witnessed in the global electric wheelbarrow market. Non-marking tires are used to eliminate black marks on warehouse floors. Mostly, grocery or food processing plants employ non-marking tires in their factories or warehouses because of concerns related to hygiene. Non-marking tires are available in solid, pneumatic, and cushion types. The common industrial tires are black in color. This is because soot is added to the natural rubber mix during the manufacturing process. Subsequently, with the increased need for hygiene in warehouses and manufacturing floors of various industries, including pharmaceutical and food, there would be a need for warehouse vehicles, including electric wheelbarrows, with non-marking tires. Owing to such factors, the market is anticipated to post a CAGR of over 2% during the forecast period
Top electric wheelbarrow companies covered in this market research report
The electric wheelbarrow market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this electric wheelbarrow industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- Etesia UK
- Macauto
- PowerPac Baumaschinen
- Ren Jieh
- Zallys
Electric wheelbarrow market segmentation based on geographic regions
- Americas
- APAC
- EMEA
With a complete study of the growth opportunities for the companies, the EMEA region will account for the highest growth of this market throughout the forecast period. However, the APAC region will also be one of the highest volume generators of electric wheelbarrows. The rising demand because of manufacturing and construction activities in China and India will contribute to the rapid growth of the electric wheelbarrow market in this region.
Electric wheelbarrow market segmentation based on product
- Electric lifting wheelbarrow
- Electric moving wheelbarrow
The electric lifting wheelbarrow segment will account for the highest growth in the market. Additionally, the report also provides an accurate prediction of the contribution of the various products type segments to the growth of the electric wheelbarrow market size.
Key highlights of the global electric wheelbarrow market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the electric wheelbarrow market during the next five years
- Precise estimation of the global electric wheelbarrow market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the electric wheelbarrow industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of electric wheelbarrow companies
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