The North America Wheelbarrow Market would witness market growth of 4.3% CAGR during the forecast period (2023-2029).
Wheelbarrow demand is predicted to develop steadily in the foreseeable future, driven by an increase in construction activity around the region. The industry growth is projected to be aided by an increase in the use of heavy-duty wheelbarrows in sectors including mining, construction, and quarrying. Manufacturers should anticipate benefiting financially from increased usage in the hotel and catering sectors. In order to enhance their market share, major manufacturers are working on R&D projects to develop wheelbarrows with strong motors and expanded capacities.
The manufacturing process varies greatly depending on the specific type of wheelbarrow being created because it comes in a variety of shapes and is made from a vast range of materials. Some wooden wheelbarrows can be built using hand tools and some basic carpentry knowledge by weekend enthusiasts. Some industrial-grade heavy-duty wheelbarrows are made using powerful machinery that bends thick steel sheets.
For American agricultural & food-related equipment and machinery, Mexico is a top market. The Mexican agribusiness sector responded favorably to COVID-19-related food product demands, growing 4.5 percent to 290.7 million tons in 2021. As a result, Mexico's agriculture and livestock industry is still well-positioned to thrive, helped in part by robust consumer demand and an expanding middle class.
Mexico's vast geographic area and variety of climates continue to make it ideally suited for large-scale agricultural production. Mexico ranks as the world's eleventh-largest producer of agricultural products, the world's twelfth-largest producer of cattle, the world's seventeenth-largest producer of fisheries, and the world's twelfth-largest producer of food, according to the Secretariat of Agriculture and Rural Development of Mexico (Secretara de Agricultura y Desarrollo Rural, or SADER). As a result of all these factors, the demand has increased significantly, which in turn, is beneficial for the expansion of the regional market.
The US market dominated the North America Wheelbarrow Market by Country in 2022 thereby, achieving a market value of $203.8 million by 2029. The Canada market is exhibiting a CAGR of 6.7% during (2023 - 2029). Additionally, The Mexico market would experience a CAGR of 5.7% during (2023 - 2029).
Based on Sales Channel, the market is segmented into Offline and Online. Based on Wheel, the market is segmented into Single, Double and Multi. Based on Application, the market is segmented into Construction, Agriculture & Livestock, Industrial, Gardening and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Wheelbarrow Market is Projected to reach USD 1 Billion by 2029, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Stanley Black & Decker, Inc., Silvan Australia Pty Ltd, Bullbarrow Products (TWP Group), Haemmerlin SAS (CDH Group), Griffin Bros Truck & Equipment, Qingdao Taifa Group Co., Ltd, Qingdao Xinjiang Handtruck Co., Ltd, The Walsall Wheelbarrow Co Ltd., and Wolverine Products (Sure-loc Landscape Edging Corporation).
By Sales Channel
By Wheel
By Application
By Country
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