Garden carts and wheelbarrows are utility tools that facilitate the transportation of soils, mulches, plants, tools and other gardening equipment. They are lightweight, durable and easy to maneuver around gardens, lawns and yards. Rising homeownership levels have fueled demand for gardening and landscape management services. Homeowners are allocating larger portions of their discretionary budgets toward beautifying and enhancing their outdoor spaces. The convenience offered by garden carts and wheelbarrows in carrying luggage loads has further augmented their adoption rates over the recent past. 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 2023 to 2030.
Key Takeaways
Key players operating in the Garden Carts and Wheelbarrows 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.
Key opportunities in the market include growing demand for durable and lightweight carts from commercial landscapers and expansion of online & offline sale networks by major brands. Innovation in material and ergonomic designs will further aid market growth.
Technological advancements such as alloy steel frames, polyresin or pneumatic tires, non-slip rubber handles and multi-position dumping mechanisms have enhanced cart functionality. The application of smart material such as carbon fiber has enabled lightweight designs without compromising on strength.
Market Drivers
Rapid growth of the construction industry has increased sales of garden carts and wheelbarrows for construction activities such as carrying bricks, sand, cement etc. Growing trend of outdoor woodwork and do-it-yourself projects also require usage of such utility tools thereby driving market growth.
Current Challenges in Garden Carts and Wheelbarrows Market
The garden carts and wheelbarrows market is facing challenges due to rising costs of raw materials such as steel and aluminum. The fluctuations in prices of these raw materials negatively impacts the operating margins for manufacturers. Additionally, the market has been impacted by changing consumer preferences towards eco-friendly and sustainable products. Many consumers now prefer carts and wheelbarrows made using recycled plastics and materials, which increases production costs. Supply chain disruptions arising due to the ongoing pandemic have also constrained the production and distribution capacities of players in this industry.
SWOT Analysis
Strength: Garden carts and wheelbarrows provide versatile and efficient solutions for transporting gardening tools, soil, compost and plants. Their durable designs make them long-lasting products.
Weakness: Heavy steel and aluminum carts are difficult to maneuver, especially for elderly consumers. Limited product designs restrict customization as per specific task requirements.
Opportunity: Growing trends of urban gardening and landscaping are expanding the target audience for these products. Innovative designs focused on ergonomics and ease-of-use can attract new customers.
Threats: Rising popularity of alternate options for gardening tasks such as shovel based wheelbarrows and gardening wagons pose competition. Changing weather patterns impacting outdoor activities influence demand cycles.
Geographical Regions by Value
North America currently accounts for the largest share in the global garden carts and wheelbarrows market primarily due to strong presence of players and mature retail landscape in the US and Canada. Central & South America is also among the major regions supported by expansion of gardening trends.
Fastest Growing Geographical Region
The Asia Pacific region is expected to witness fastest growth during the forecast period owing to rapidly improving living standards, changing consumer preferences towards leisure gardening and broader product availability driven by e-commerce. Countries like India, China, Japan and Australia are projected to drive the momentum of demand in the Asia Pacific garden carts and wheelbarrows market.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
