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The garden carts and wheelbarrows market is witnessing transformations in product designs and innovations to improve ergonomics and ease functionality for end-users. Garden carts and wheelbarrows are manually operated transport tools used to haul materials like soil, mulch, plants and lawn trimmings. They feature a container mounted on either two wheels or a single axle with handles for pushing or pulling loads. The global garden carts and wheelbarrows market is estimated to be valued at US$ 2.78 Bn in 2024 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the garden carts and wheelbarrows market are The Gorilla Carts, Mac Sports, Polar Trailer, Radio Flyer, Rubbermaid Commercial Products, Suncast Corporation, WORX, Ace Hardware, Costco, Home Depot, Lowes, Menards, Northern Tool + Equipment, QVC, Sam’s Club, Target, Tractor Supply Co., Walmart, Wayfair, and Amazon. With the growing popularity of gardening and landscaping as hobbies, demand for garden carts and wheelbarrows has increased significantly over the past few years. Leading manufacturers are expanding their production and distribution networks globally to capture the rising demand.
Growing demand in market: The proliferation of green spaces and urban gardening has led to increase in garden-related activities among both professional landscapers and households. This has boosted demand for heavy duty as well as basic garden carts and wheelbarrows suitable for varied needs. Product innovations in designs focusing on improved ergonomics and load carrying capabilities are enabling users to undertake tasks more efficiently.
Global expansion of market: Key players are expanding their global footprint through strategic partnerships and acquisitions. They are focusing on emerging countries in Asia Pacific and Latin America which are witnessing increased adoption of gardening owing to growing affluence and awareness. E-commerce has further facilitated global reach for branded products. This will drive the global garden carts and wheelbarrows market during the forecast period.
Market key trends
Foldable and compact designs: With more homes and apartments having limited storage space, there is rising demand for garden carts and wheelbarrows that can be folded or assembled into compact structures for ease of storage. Many manufacturers have launched products with lightweight frames, detachable parts and innovative folding mechanisms.
Porter’s Analysis
Threat of new entrants: Low economies of scale and large capital requirements pose as entry barriers for new players in this market. Bargaining power of buyers: The presence of a large number of buyers concentrated across various geographies increases their bargaining power. Bargaining power of suppliers: There exists a moderate threat from suppliers as raw materials required for manufacturing garden carts and wheelbarrows are readily available. Threat of new substitutes: Low threat as there are limited substitutes available for moving garden materials and hauling loads over short distances outdoors. Competitive rivalry: High as the market has many regional and international players competing on the basis of product quality, features, pricing and effective branding.
Geographical Regions
North America holds the major share of the global garden carts and wheelbarrows market in terms of value owing to rapid growth of gardening and landscaping activities. Europe follows North America in terms of market share while Asia Pacific is witnessing the fastest growth aided by rising disposable income and growing interest of people towards gardening as a hobby.
The Asia Pacific region is emerging as the fastest growing market for garden carts and wheelbarrows driven by increasing home gardening trend and improving economic conditions in major countries like China and India. Rapid urbanization and expansion of green spaces are other key factors supplementing market growth in Asia Pacific.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
