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U.S. and Canada Material Handling Carts Market

U.S. and Canada Market Study on Material Handling Carts: High Preference for Automatic Carts in the Region

U.S. and Canada Material Handling Carts Market

U.S. and Canada Material Handling Carts Market Outlook (2023 to 2033)

According to Persistence Market Research, the U.S. and Canada material handling carts market is predicted to expand at a CAGR of 6.6% and increase from a value of US$ 680.8 million in 2023 to US$ 1.29 billion by the end of 2033.

Material handling carts require a person to push or pull them by hand, and they have a flat surface for carrying heavy loads and wheels for mobility. They are used in various industries for transporting materials across short distances. Material handling carts are a category of equipment designed for moving materials within a facility or between locations, available in different sizes and shapes with a range of features to improve efficiency and safety.

  • Automatic material handling carts are preferred in the U.S., Canada, and Mexico, accounting for a market share of 71% in 2023.

Material handling carts are widely used across different industries, including retail, manufacturing, logistics, healthcare, and hospitality. These carts can be manual or automated and come in various types, including platform carts, service carts, hand trucks, tilt carts, and drum handling carts. These carts can be made of different materials such as steel, plastic, or rubber, depending on their intended use.

Attributes Key Insights

North America Material Handling Carts Market Size (2022)

US$ 642.8 Million

Estimated Market Value (2023)

US$ 680.8 Million

Forecasted Market Value (2033)

US$ 1.29 Billion

Market Growth Rate (2023 to 2033)

6.6% CAGR

Online Sakes Segment Growth Rate (2023 to 2033)

7.9% CAGR

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Sales Analysis of Material Handling Carts in North America (2018 to 2022) Vs. Market Forecast (2023 to 2033)

From 2018 to 2022, the U.S. and Canada material handling carts market advanced at a CAGR of 3.1%. The market was affected by the COVID-19 pandemic crisis, as demand for material handling carts dropped significantly in 2020 due to the cessation of production activities. The North American material handling carts market is anticipated to reach a valuation of US$ 1.29 billion by the end of 2033, expanding at a 6.6% CAGR throughout the forecast period.

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What is the Impact of the Increase in Online Shopping on Market Growth?

Exponential growth of online shopping in recent years has transformed the retail landscape, boosting the demand for efficient and flexible material handling solutions that can accommodate the increased volume and velocity of goods being transported through the supply chain, while also meeting the rising expectations of customers for fast and reliable delivery times.

To keep pace with this rapidly evolving industry, companies are turning to cutting-edge technology and automation solutions that enable them to streamline their operations, reduce costs, and improve customer satisfaction, all while maintaining a high level of accuracy and safety in their material handling processes.

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Will Regulations Mandating Worker Safety Push Up the Sales of Material Handling Carts?

Companies are required to comply with strict safety guidelines to protect their workers and reduce the risk of accidents and injuries. These regulations are designed to ensure that workers are provided with safe and ergonomic equipment that can help them perform their tasks more efficiently and without unnecessary strain or risk to their health. There is a growing demand for material handling carts that are designed to meet these safety standards, such as carts with anti-tip features, adjustable height handles, and secure locking mechanisms.

Companies are also investing in innovative technologies that can further enhance the safety of their material handling operations, such as automated carts that can reduce the risk of worker fatigue or injury. With the growing emphasis on workplace safety, sales of material handling carts are anticipated to grow significantly as companies seek to comply with regulations and ensure the well-being of their workers.

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What are the Hindrances to the Demand Growth for Material Handling Carts?

While these carts are essential for many industries and offer a range of benefits, including increased efficiency, improved safety, and reduced labor costs, they can require significant upfront investments that may be prohibitive for some companies. In addition to the cost of purchasing the carts themselves, there may be additional costs associated with customizing them to meet specific operational requirements, such as adding specialized attachments or modifying the cart's dimensions.

These costs can be further compounded by ongoing maintenance and repair expenses, which can add to the overall cost of ownership. As a result, some companies may be hesitant to invest in material handling carts, particularly if they are operating on a tight budget or facing other financial pressures.

Country-wise Insights

What are the Variations in Market Share of Material Handling Carts among the United States, Canada, and Mexico?

The United States leads the North America material handling carts market, accounting for a significant share of 85.6% in 2022, compared to Canada and Mexico. Several factors contribute to the differences in market share between these countries. The size and maturity of each country's economy and manufacturing sector play a significant role, with the United States having a larger and more established industry compared to Canada and Mexico. This has led to a greater demand for material handling solutions, as well as a more developed supply chain and distribution network.

Differences in government policies and regulations can also impact market share, with the United States having a more favorable business environment and more supportive policies for manufacturing and logistics industries compared to Canada and Mexico.

Category-wise Analysis

Why are Automatic Material Handling Carts Highly Preferred in North America?

The automatic segment of the market is expected to account for a prominent market share of 71% in 2023. Increasing demand for automation in the material handling industry has led to a growing need for advanced technologies such as robotics and artificial intelligence, which can improve efficiency, speed, and safety in operations.

The benefits of automated carts, such as reduced labor costs, increased accuracy, and improved ergonomics, are driving their adoption in a wide range of industries including manufacturing, logistics, healthcare, and retail. The versatility and flexibility of automated carts make them well-suited to a variety of tasks, from transporting goods to moving heavy equipment or machinery.

Looking to the future, the dominance of the automatic segment is expected to continue, as manufacturers and suppliers invest in research and development to create innovative new products that meet the growing demand for automation in the industry. This includes self-driving carts, advanced safety features, and new materials and manufacturing processes that improve performance and reduce costs. The semi-automatic segment is also expected to exhibit significant growth, particularly in applications where manual operation is still necessary.

Will Online Sales of Material Handling Carts Be Higher in the Region?

The online segment of the market is projected to expand at a CAGR of 7.9% during the forecast period, driven by several key factors.

The rise of e-commerce and online shopping has led to a growing need for efficient and flexible material handling solutions, as companies seek to streamline their supply chains and meet the demands of consumers.

Increasing availability of online marketplaces and distribution channels has made it easier for manufacturers and suppliers to reach a wider range of customers, regardless of geographic location or size. The benefits of online purchasing, such as convenience, cost-effectiveness, and the ability to compare and research products, are driving product adoption.

Competitive Landscape

The market is dominated by tier I players such as Toyota Material Handling, Crown Equipment Corporation, Flexqube, and other leading and experienced companies, which account for 25% to 30% of the market share with their collective revenue exceeding US$ 180 million in 2023. These companies have extensive area coverage for material handling carts.

Tier II and other players account for 65% to 70% of the market, such as Beumer Group, Sharp Industries, and Jamerson Pallet and Manufacturing LLC, with product revenue from North America coming to US$ 80 million in 2023.

  • Toyota Industries Corporation is a Japanese multinational conglomerate that produces a wide range of products, including automobiles, engines, forklifts, and material handling equipment. Material handling is a significant focus area for Toyota Industries. The company is a leading manufacturer of forklifts, with a range of products that includes electric, gasoline, and diesel-powered forklifts, as well as automated guided vehicles (AGVs). Toyota Industries' forklifts are used in a variety of industries, including manufacturing, warehousing, logistics, and retail.
  • Crown Equipment Corporation is an American company that specializes in the design, manufacturing, and servicing of material handling equipment such as forklifts and pallet jacks. Crown Equipment Corporation is one of the largest material handling companies in the world, with over 100 facilities worldwide and more than 15,000 employees.
  • The company's product line includes a wide range of forklifts, including electric and internal combustion models, as well as automated guided vehicles (AGVs) and other material handling equipment such as pallet trucks and stackers. Crown Equipment Corporation has a global presence, with operations in North America, South America, Europe, Asia, and Australia.

U.S. and Canada Material Handling Carts Industry Report Scope

Attribute Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

  • US$ Million for Value
  • Units for Volume

Key Countries Covered

  • United States
  • Canada
  • Mexico

Key Market Segments Covered

  • Product Type
  • Material Type
  • Sales Channel
  • Application
  • Country

Key Companies Profiled

  • Flexqube
  • Manitowoc Company, Inc.
  • Beumer Group
  • Crown Equipment Corporation
  • American Grinding and Machine Company
  • Toyota Industries Corp.
  • Qingdao Benco Industry
  • Sharp Industry
  • Savant Automation
  • Steel King Industries
  • Laksi Carts Inc.
  • Steel Mill Cranes
  • W.W Grainger
  • RDM Industrial Products
  • Unitran Manufacturers
  • Little Giant
  • Rubbermaid Commercial Products
  • Galifco Oregon

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • Drivers
  • Restraints
  • Opportunities and Threats
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

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North America Material Handling Carts Industry Segmentation

By Product Type:

  • Manual
    • Platform Carts
    • Hand Trucks
    • Dollies
    • Tilt Carts
    • Service Carts
    • Drum Handling Carts
    • Wire Carts
    • Utility Carts
    • Laundry Carts
    • Hospitality Carts
  • Semi-Automatic
    • Picking Carts
    • Bin Carts
    • Stock Picking Carts
    • Medical Carts
  • Automatic
    • Flatbed Trailers
    • Dump Trailers
    • Container Trailers
    • Warehouse Carts
    • Others

By Material:

  • Aluminum
    • Pneumatic Rubber
    • Filled Rubber
    • Solid
  • Steel
    • Pneumatic Rubber
    • Filled Rubber
    • Solid
  • Stainless Steel
    • Pneumatic Rubber
    • Filled Rubber
    • Solid
  • Plastic

By Sales Channel:

  • Online
  • Offline
    • Distributors/Dealers
    • Direct

By Application:

  • Retail & Grocery
  • Food & Beverages
  • Manufacturing
  • Logistics
  • e-Commerce
  • Automotive
  • Government
  • Others

By Country:

  • U.S.
  • Canada
  • Mexico

- Companies Covered in This Report -

  • Flexqube
  • Manitowoc
  • Beumer Group
  • Crown Equipment Corporation
  • American Grinding and Machining Co.
  • Toyota
  • Qingdao Benco Industry Co. Ltd
  • Sharp Industries
  • Savant Automation
  • Steel King Industries
  • Laksi Carts Inc
  • Grainger
  • RDM Industrial Products
  • Unitran Manufacturers Ltd
  • Rubbermaid Commercial Products
  • Galifco Oregon
  • Steel Mill Cranes
  • Leeco Steel

- Frequently Asked Questions -

The U.S. and Canada material handling carts market was valued at US$ 642.8 million in 2022.

Demand for material handling carts in North America increased at a CAGR of 3.6% from 2018 to 2022.

The United States generates high demand for material handling carts.

Sales of material handling carts in the U.S. and Canada are predicted to reach US$ 1.29 billion by 2033.

The United States market is set to expand at a 6.5% CAGR from 2023 to 2033.

Toyota Material Handling, Crown Equipment Corporation, Flexqube, Manitowoc, and Beumer Group account for 35% to 40% market share.

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