February 25, 2024

The Global Garden Carts and Wheelbarrows Market is driven by growing popularity of gardening activities

 

Garden carts and wheelbarrows are essential tools used for landscaping and gardening activities. They are designed to easily transport soil, mulch, plants and other gardening materials and accessories within the yard or garden area. Garden carts generally have between 2-4 wheels while wheelbarrows have just two wheels in the front and a base for loads. They are commonly made of durable materials like steel, aluminum and plastics to withstand heavy usage over time.

Growing interest of people in gardening and landscaping as hobbies is a key factor driving the demand for garden carts and wheelbarrows. Their applications range from transporting potted plants, mulch, soil and fertilizers to tools and garden equipment from one area to another. The global garden carts and wheelbarrows market offers a wide variety of designs, sizes and load capacities suitable for both domestic and commercial purposes. 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 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends witnessed in the garden carts and wheelbarrows market is growing consumer preference for multi-functional and foldable models. Many manufacturers are focusing on designing carts with collapsible frames and pneumatic tires that can be easily folded and stored when not in use. These space-saving carts are gaining popularity among homeowners with limited outdoor space like apartments and condominiums. Another notable trend is increasing demand for ergonomically designed wheelbarrows and carts with larger wheels, cushioned handles and trays made of lightweight yet durable materials like aluminum to minimize fatigue during loading and unloading of heavy items. Many vendors are also offering customized carts suitable for specific tasks like tree planting, soil mixing etc targeted at professional landscapers and farmers.

Porter’s Analysis
Threat of new entrants: Low capital requirement and established distribution channels pose low threat of new entrants. Bargaining power of buyers: Large buyers such as home improvement stores have significant bargaining power over suppliers due to the fragmented nature of suppliers. Bargaining power of suppliers: Fragmented nature of raw material suppliers results in low bargaining power. Threat of new substitutes: Substitutes include lawn carts, wagons, and trucks pose low to medium threat. Competitive rivalry: Intense competition exists among existing players due to low product differentiation.

Key Takeaways
The global Garden Carts and Wheelbarrows Market is expected to witness high growth.

Regional analysis: North America region currently dominates the global market due to high number of homeowners and increasing spending on lawn and garden care. The region will continue to lead over the forecast period owing to frequent usage of garden carts and wheelbarrows for household chores and commercial landscaping activities.

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, Amazon.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it