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Global Wheelbarrows Market

Global Wheelbarrows Market was valued $xx Mn in 2019 and is expected to reach $xx Mn by 2026, at a CAGR of xx% during the forecast period.
Global Wheelbarrows Market Introduction

A wheelbarrow is a small, usually single-wheeled vehicle that is used for carrying small loads and is fitted with handles at the rear by which it can be pushed and guided. It is a transporter device used to carry small loads by construction workers and gardeners. Wheelbarrows are mostly made up of wood, plastic, and metal. They are customized, multi-purpose, and need-based products that have a compartment to store the load.
Global Wheelbarrows Market Dynamics

The construction industry makes a significant contribution to GDP, capital formation, and employment. Globally, the construction industry is responsible for between 3 to 10 percent of GDP if only the raw site-based construction activity is considered. The construction industry offers huge opportunities for the growth of the electric wheelbarrow market. Many emerging countries including India, Qatar, and Saudi Arabia are heavily investing in the development of smart cities with huge government initiatives. These large-scale developments and investments are expected to drive the demand for electric wheelbarrows in construction activities and are expected to foster the growth of the market in the near future. Infrastructure development, rise in demand for wheelbarrows from non-residential markets like hospitals and the healthcare industry are positively impacting the wheelbarrows market.
Global Wheelbarrows Market Segment Analysis

The construction segment held largest share xx% in 2019 of global wheelbarrows market. Increasing urbanization is now a dominant global trend. The construction industry makes a significant contribution to GDP, capital formation, and employment In addition to the development of newly built environment assets, the industry maintains and repairs these assets and produces the building materials that are used to construct them. The construction market in India will grow almost twice as fast as China to 2030, providing a new engine of global growth in emerging markets. India’s urban population is expected to grow by a staggering 165 million by 2030. Economic modelling shows that this economic stimulation through construction process improvement is at least double that of any other industry sector. The construction industry is being used as a driver of growth, and as a catalyst for other industries to develop. The global construction market has experienced drastic changes in the past decade.

Global Wheelbarrows Market by Industry

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Global Wheelbarrows Market Regional Insights

Global Wheelbarrows Market by Regional

Asia Pacific is a leading market for wheelbarrows, followed by North America and Europe. China and India are key markets in the region. China’s One Belt, One Road (OBOR, also known as the Belt and Road Initiative or BRI) project financing and assistance are influencing infrastructure projects, across the region and stimulating growth. In terms of demand, the two countries account for more than 50% share of the market for wheelbarrows in the region. This is primarily because these countries are working toward infrastructure development.

The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period. This is primarily due to the rapid rise in construction activities such as power generation projects, highway construction, railway expansion, and export and import of cargo. Indonesia and Japan experienced an increase in revenue from the construction industry, mainly due to large infrastructure investment by the government and increase in the residential sector, along with an increase in projects for Tokyo Olympics in 2020, respectively.
Global Wheelbarrows Market Scope: Inquire before buying

Global Wheelbarrows Market by Scope
Global Wheelbarrows Market, by Region

• North America
• Europe
• South America
• Asia Pacific
Global Wheelbarrows Market Key Players

• Bullbarrow Products
• Gorilla Carts
• Griffon Corporation
• Haemmerlin - CDH Group
• Qingdao Huatian Hand Truck
• Qingdao Runda Wheel Barrow
• Qingdao Taifa Group
• Qingdao Xinjiang Group
• Qingdao Zhenhua Barrow Manufacturing
• Silvan Australia Pty Ltd.
• Stanley
• The Walsall Wheelbarrow Company
• Wolverine Products
• Worx

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