Largest segment driving the growth of Garden Carts and Wheelbarrows Market
The global Garden Carts and Wheelbarrows Market is estimated to be valued at US$ 2.78 Bn in 2023 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis:
· Strength: Durable and high load capacity garden carts and wheelbarrows can withstand heavy usage and last for many seasons of gardening tasks.
· Weakness: Limited mobility and maneuverability over uneven surfaces for some basic models.
· Opportunity: Growing trend of kitchen gardening, vegetable patches and farms create scope for specialized garden carts and tools.
· Threats: Increased preference for electric gardening equipment and availability of used/rental options. Volatility in raw material prices affects product costs.
Key Takeaways:
The Global Garden Carts and Wheelbarrows Market Growth is expected to witness high, exhibiting CAGR of 7.0% over the forecast period of 2023 to 2030, due to increasing home gardening and landscaping activities. The market size for garden carts and wheelbarrows is estimated to reach US$ 2.78 Bn by 2023.
Regionally, North America dominates the global market currently due to high availability of large backyard spaces and rising residential and commercial construction projects involving landscaping works in countries like the US and Canada. Europe is another major market supported by people's inclination toward outdoor and gardening leisure activities.
Key players operating in the garden carts and wheelbarrows market include 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. These companies offer a wide assortment of utility carts and wheelbarrows with innovative designs and features to match different outdoor requirements.
Read More - https://thewion.com/open-up-new-avenues-for-the-garden-carts-and-wheelbarrows-market/
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