The Latin America, Middle East and Africa Wheelbarrow Market would witness market growth of 8.3% CAGR during the forecast period (2023-2029).
Wheelbarrow demand in the industrial sector is being boosted by growth in production operations as well as an increase in building maintenance and refurbishment. Market expansion is also positively impacted by the rise in demand for transporting big loads in various industries.
It can navigate in several hard spaces. They are cheaper, pollution-free, and able to transport more things or supplies than a single person. The demand is anticipated to be supported in the near future by the non-residential industry (hospitality, healthcare, and food services). The demand is rising, end-user industries are expanding, the market is advantageously structured, there are plenty of raw materials available, and there is a strong demand for the product. In addition, the expansion of the non-residential wheelbarrow requiring industries is anticipated to strengthen the market. The world's construction sector is predicted to indirectly affect the demand in the coming years due to its exponential growth. Additionally, as more stores, markets, and hospitals open their doors, the demand is anticipated to grow.
The Middle East and Latin America are both popular tourist destinations. However, in contrast to Latin America, which is well-known for its sandy beaches and forests, the Middle East is well-known for its enormous buildings and numerous trade exhibitions and expos. The hospitality and hotel industries have grown in this region as a result. Brazil is currently planning to build 15,115 rooms in the Latin American region. The Dominican Republic, which has 22 projects under construction, is next, followed by Peru and Columbia. About two-thirds of the initiatives in the region's hospitality sector are being built by these four countries. Therefore, such activities in the LAMEA region ensure the market grows steadily in the coming years.
The Brazil market dominated the LAMEA Wheelbarrow Market by Country in 2022 thereby, achieving a market value of $20 million by 2029. The Argentina market is showcasing a CAGR of 8.9% during (2023 - 2029). Additionally, The UAE market would register a CAGR of 8% during (2023 - 2029).
Based on Sales Channel, the market is segmented into Offline and Online. Based on Wheel, the market is segmented into Single, Double and Multi. Based on Application, the market is segmented into Construction, Agriculture & Livestock, Industrial, Gardening and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Wheelbarrow Market is Projected to reach USD 1 Billion by 2029, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Stanley Black & Decker, Inc., Silvan Australia Pty Ltd, Bullbarrow Products (TWP Group), Haemmerlin SAS (CDH Group), Griffin Bros Truck & Equipment, Qingdao Taifa Group Co., Ltd, Qingdao Xinjiang Handtruck Co., Ltd, The Walsall Wheelbarrow Co Ltd., and Wolverine Products (Sure-loc Landscape Edging Corporation).
By Sales Channel
By Wheel
By Application
By Country
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