Global Platform Carts Market Report Insights, Trends, Potential Markets, Threats, Segments and Verticals Applications, and Forecast to 2028
The Global Platform Carts Market is a recent report generated by MarketResearch.biz. The global platform carts market is expected to be valued at US$ XX Mn in 2019 and register significant compound annual growth rate of X.X% over the 10-year forecast period. The report studies the global platform carts market size and shares in terms of value for key regions such as North America, Europe, Asia Pacific, and other major regions. The report also includes study of the global market by breaking down the data by prominent manufacturers, competitive landscape/ company share analysis, market size and share by segments and sub-segments, growth rate, ongoing trends, market driving factors, challenging factors, future opportunities, entry barriers, distribution channels, PEST Analysis, and Porter’s Five Forces Analysis. The global platform carts market report has been segmented on the basis of type, deck, application, and region.
Platform Carts: Overview
Platform carts, also known as platform trucks or load-supporting carts, are mechanical structures that are generally used for transportation of goods at warehouses, receiving and shipping areas, mailrooms, manufacturing plants, and construction sites. Platform carts are mainly made up of wood or steel and have bottom wheels for easy mobility. These carts are also used as a luggage trolley at railway stations, airports, hotels, and other commercial and industrial places.
Increasing need for platform carts from commercial places such as restaurants, hotels, hypermarkets and supermarkets, and other commercial places where heavy loads are needed to take from one place to another is a major factor expected to drive growth of the global market. Another major factor driving demand for platform carts and support growth of the target market is increasing adoption of platform carts from airports, ship ports, outstation bus points, railway stations, etc. In addition, rapidly growing construction industry, coupled with need for platform carts at construction sites for transporting goods and luggage in a convenient way is anticipated to increase adoption rate of platform carts in the coming years. Moreover, increasing focus on technological advancements such as motorization of carts is a key factor expected to widen customer base and create revenue opportunities for players in the target market over the forecast period.
However, availability of low wage porters in developing countries may hamper growth of the global platform carts market to a certain extent.
Analysis by Segment
Among the segments based on type, the platform storage & transport carts segment is expected to contribute major revenue share in the global platform carts market in the coming years. This can be attributed to rising demand for these types of carts by various industries in manufacturing units and warehouses.
Among the segments based on deck, the steel platform truck is expected to account for major revenue share in the global platform carts market over the forecast period. Steel platform carts are more durable and aesthetically appealing as compared to carts made by other materials such as wood or plastic and hence are highly adopted by end users.
Among the segments based on application, the airports segment is expected to account for significant revenue share and is expected to register considerable growth rate over the forecast period. The store warehouse segment is estimated to account for substantial revenue share in the global market.
Analysis by Region
The North America market is expected to account for major revenue share in the global platform carts market over the forecast period. Rising demand for platform carts across airports, railway stations, and established supermarkets, especially in the US, is expected to drive growth of the target market in countries in the region in the coming years.
The Asia Pacific market is projected to register significant growth rate over the forecast period in the target market, owing to rising demand for platform carts by industries such as retail trading, tourism, and food processing among others. Markets in countries and sub-regions such as China, India, and Southeast Asia are expected to be major revenue contributors in the Asia Pacific Market.
Global Platform Carts Market: Segmentation
Segmentation, by Type:
- Platform Carts
- Platform storage & transport Carts
Segmentation, by Deck:
- Wood Platform Trucks
- Steel Platform Trucks
- Aluminum Platform Truck
- U-Boat Platform Trucks
- Plastic Platform Trucks
Segmentation, by Application:
- Production Plant
- Food Industry
- Store Warehouses
Segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
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- Emmegi Group
- Giovanelli S.a.s
- i-lift Equipment, Ltd.
- Quantum Storage Systems
- Rubbermaid Commerical Products LLC
- SALL S.r.l.
- Rexello castors private limited
- Wesco Industrial Products
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