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Platform Trolley Market

Platform Trolley Market By Material Type (Zinc Plated, Plastic, Stainless Steel), Application (Airport Cargo, E-Commerce & Courier, Manufacturing, Retail Warehousing & Storage, Hospitality & Hotels), Product Type (Fixed, Foldable) & Region - Forecast 2021 - 2031

Market Insights on Platform Trolley covering sales outlook, demand forecast & up-to-date key trends

Platform Trolley Market Overview

According to latest research estimates, Platform Trolley Market is set to record CAGR of 4.5-5% during 2021-2031. Demand for Platform Trolley will witness steady recovery in short-term, with optimistic growth outlook in the long-run. The digital transformation of industrial landscape means that there are favorable growth prospects for the market in the forecast period.

What is Driving Demand for Platform Trolley?

One of the primary factor which is expected to drive the growth of the market is increasing need for platform trolley from commercial places such as hotels, restaurants, supermarket and hypermarket and airports where heavy loads are needed to take from one place to another.

Another major factor taken into consideration is swiftly growing construction industry is putting the lime light on growing needs of  platform carts at construction sites for transporting goods and luggage in a convenient way which is predicted to increase adoption rate of platform trolleys in the coming years.

On the basis of material type, plastic material type segment is gaining traction owing to the benefits offer by this segment as this material prevents the product from rusting. Another important application of platform trolley is a warehouse where this product plays crucial role in managing products efficiently.

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Plastic Based Product will Augment Sales of Platform Trolley

Based on material type, plastic platform trolley is expected to hold major share in the global platform trolley market. It is best suited when one’s primary concern is maximum load capacity as it is strongest and toughest as compare to stainless still material type product. Plastic material type segment is expected to hold its dominance over other segment over the forecast period owing to its easy to handle property, rust resistant and durability.

Foldable Platform Trolley Boost the Product Demand by Prototype

According to the opinions learnt from the end users, when one has to transport the material in bulk amount foldable product type is good for every time usage due to its bigger size and can be store anywhere and anytime. Hence, it is projected that the foldable product type is expected to account for the higher share over other segments throughout the forecast period.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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U.S. Market Growth Outlook

According to the World Economic Forum, GDP in the country of U.S. dropped 5% in Q1 2020 and around 33% in Q2 2020 alone. End-users from various industries faced numerous challenges to balance customer demands, meet performance standards and achieve desired profits, yet the motion control industry has fared far better, as compared to other industries in the country. Based on research, U.S. market is considered to be the mature market.

Europe Demand Outlook for Platform Trolley

European countries have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. However, in the case of many companies one of the key issues is the shutdown of the production and sales of the product which was halting the demand during the year 2020 and is expected to drop the market over the year 2020

Growing retail sector in particularly in countries of Eastern European is expected to drive the demand of the product in upcoming years. Hence, this region is expected to grow with the significant growth rate over the forecast period

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Who are the Key Manufacturers and Suppliers of Platform Trolley?

Some of the leading manufacturers and suppliers include

  • Protaurus, Wanzl
  • Novodinámica
  • National Cart
  • Sambo
  • STANLEY
  • Harper Trucks
  • Breg Products
  • Richmond Wheel and Castor Co
  • Cefla. E S Industries
  • Hoffmann SE
  • CARL ROTH
  • Trident Industries
  • Keddy Concept
  • RKS ENGINEERING INDUSTRIES
  • Design by Scorpio Technologies are among others.

Manufacturers are highly focused on providing customized products which are characterized by the highest quality, functionality and durability. to their customers due to which demand of the product is gaining traction in various end use industry.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Key Segments

By Material Type:

  • Zinc Plated
  • Plastic
  • Stainless Steel

By Application:

  • Airport Cargo
  • E-Commerce & Courier
  • Manufacturing
  • Retail Warehousing & Storage
  • Hospitality & Hotels
  • Others

By Product Type:

  • Fixed
  • Foldable

By Region:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • Italy
    • France
    • U.K.
    • Spain
    • BENELUX
    • NORDICS
    • Russia
    • Rest of Europe
  • East Asia
    • China
    • Japan
    • South Korea
  • South Asia & Pacific
    • India
    • ASEAN
    • Oceania
    • Rest of South Asia & Pacific
  • Middle East and Africa
    • GCC Countries
    • Turkey
    • Northern Africa
    • South Africa
    • Rest of MEA
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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Platform Trolley Market