Utility Carts Market Report 2024 (Global Edition)

Global Utility Carts Market Report 2024 Market Size Split by Product Type (Flatbed Utility Carts, Platform Utility Carts, Multi-Shelf Utility Carts, Heavy-Duty Utility Carts), by Material (Metal Utili...

Utility Carts Market Report Description

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Utility Carts Market Insights Video

Competitive Landscape of the Utility Cart Market

The utility cart market is highly competitive, with key players offering diverse solutions to meet the needs of various industries. Companies focus on product innovation, including ergonomic designs, eco-friendly materials, and customization. With the growing demand in e-commerce, healthcare, and logistics, businesses are also investing in smart and automated carts. Competitive advantages include quality, durability, and service reliability.

In February 2024, Wesco International announced a definitive agreement to sell its Wesco Integrated Supply (WIS) business to Vallen Distribution, Inc., a portfolio company of Nautic Partners, LLC, for $ 350 million. The proceeds from the sale will be used to reduce debt and repurchase shares. (Source: https://investors.wesco.com/news-releases/news-release-details/wesco-enters-agreement-sell-integrated-supply-business-vallen) In February 2020, Hamilton announced the groundbreaking of its next-generation headquarters, marking the beginning of a significant $ 6.5 million plant expansion adjacent to its current facility. This new 65,000-square-foot, state-of-the-art building will expand manufacturing and office space but also serve as the new corporate headquarters. (Source: https://www.hamiltoncaster.com/Blog/EntryId/1962/It-s-happening-Hamilton-s-new-next-generation-headquarters)

Top Companies Market Share in Utility Carts Industry: (In no particular order of Rank)

• Rubbermaid Commercial Products
• Metro
• Wesco Industrial Products
• Global Industrial
• ULINE
• Hamilton Caster & Manufacturing
• Crown Equipment Corporation
• TuffStor
• Luxor
• Buyers Products
• Dura-Cart
• Sterilite Corporation
• Akro-Mils
• Carts & Parts
• Seville Classics
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Utility Cart Market

Which Region Dominates the Utility Cart Market in 2024?

According to Cognitive Market Research, North America currently dominates the utility cart market, and the region is expected to have significant growth during the projected period. This is due to the presence of advanced industrial and logistics infrastructure, high e-commerce activity, and increasing adoption of automated solutions. The region's robust warehousing and distribution centers further fuel the demand for utility carts.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This is driven by rapid industrialization, urbanization, and the expansion of logistics and e-commerce sectors. The region’s manufacturing growth and infrastructure development contribute to a strong demand for utility carts in warehouses and retail operations.

The current report Scope analyzes Utility Carts Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Utility Carts

According to Cognitive Market Research, the global utility cart market size was estimated at USD 451.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 180.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, The United States utility cart market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 142.49 million in 2024. The demand for utility carts in the U.S. is increasing due to growing adoption in warehouses and retail, improving operational efficiency.
The Canada utility cart market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 21.67 million in 2024. In Canada, the increasing focus on streamlining industrial processes and automation is driving demand for utility carts in manufacturing sectors. The Mexico utility cart market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 16.43 million in 2024.

Europe Utility Carts

According to Cognitive Market Research, the global utility cart market size was estimated at USD 451.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 135.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom utility cart market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 22.76 million in 2024. The UK's expanding e-commerce industry and need for efficient material handling in warehouses are boosting the utility cart market.
The France utility cart market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 12.46 million in 2024. The Germany utility cart market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 26.82 million in 2024. Germany’s strong industrial sector and focus on efficiency and mobility in warehouses are contributing to rising utility cart sales. The Italy utility cart market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 11.65 million in 2024. The Russia utility cart market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 20.99 million in 2024. The Spain utility cart market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD 11.11 million in 2024. The Luxembourg utility cart market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 4.20 million in 2024. The Portugal utility cart market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 2.84 million in 2024. The Greece utility cart market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 1.63 million in 2024. The Rest of Europe utility cart market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 20.99 million in 2024.

Asia Pacific Utility Carts

According to Cognitive Market Research, the global utility cart market size was estimated at USD 451.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 103.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, China utility cart market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 46.73 million in 2024. China's rapid urbanization and industrial growth are fueling demand for utility carts, especially in logistics and large-scale manufacturing industries.
The Japan utility cart market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 14.33 million in 2024. The India utility cart market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 12.46 million in 2024. In India, the growing e-commerce and logistics sectors are creating a surge in utility cart demand for efficient inventory and transport solutions. The South Korea utility cart market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 10.38 million in 2024. The Australia utility cart market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 5.40 million in 2024. The South East Asia utility cart market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 7.17 million in 2024. The Rest of Asia Pacific utility cart market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 7.37 million in 2024.

South America Utility Carts

According to Cognitive Market Research, the global utility cart market size was estimated at USD 451.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 22.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil utility cart market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 9.66 million in 2024. Brazil's industrial growth, particularly in warehousing and retail, is driving the increasing demand for utility carts in logistics and material handling.
The Argentina utility cart market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 3.79 million in 2024. Argentina's expanding retail industry and efforts to improve supply chain efficiency are contributing to the growing utility cart market. The Colombia utility cart market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 2.01 million in 2024. The Peru utility cart market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 1.85 million in 2024. The Chile utility cart market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 1.63 million in 2024. The Rest of Latin America utility cart market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 3.63 million in 2024.

Middle East and Africa Utility Carts

According to Cognitive Market Research, the global utility cart market size was estimated at USD 451.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 9.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031..

• The GCC utility cart market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 3.86 million in 2024. GCC countries are experiencing a surge in demand for utility carts due to the growing construction and warehousing sectors across the region.
The Egypt utility cart market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 0.95 million in 2024. The South Africa utility cart market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 1.43 million in 2024. In South Africa, the rise in retail and warehousing operations is boosting the demand for utility carts for efficient inventory management. The Turkey utility cart market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 0.78 million in 2024. The Nigeria utility cart market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 0.95 million in 2024. The Rest of MEA utility cart market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1.07 million in 2024.

Utility Carts Market Analysis

Utility Cart Market Product Type Segment Analysis

According to Cognitive Market Research, flatbed utility carts are likely to dominate the utility cart market over the forecast period due to their versatility and simplicity. They are widely used in both industrial and commercial sectors for transporting large and heavy items. Their flat surface and open design make them adaptable for various tasks, contributing to their extensive use and high demand.

The multi-shelf utility carts is the fastest-growing segment in the utility cart market due to their ability to carry multiple items simultaneously. These carts are highly sought after in industries like healthcare, retail, and hospitality, where organizing and transporting smaller items efficiently is crucial. The growing need for optimized storage solutions in various sectors drives the demand.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Utility Carts Industry. Request a Free Sample PDF!

Utility Cart Market Material Segment Analysis

According to Cognitive Market Research, the metal utility carts segment holds the largest share of the market due to their strength, durability, and long-lasting performance, making them ideal for industrial and commercial use. Metal carts are capable of carrying heavier loads and can withstand rough environments, contributing to their preference among businesses requiring sturdy and reliable carts.

In the utility cart market, the plastic utility carts has been expanding at a rapid pace because of their lightweight nature, resistance to corrosion, and cost-effectiveness. These carts are increasingly popular in healthcare and foodservice sectors, where hygiene and ease of movement are essential. Their growing adoption in these sectors contributes to their fast-paced market expansion.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Utility Carts Application Segment Analysis

Utility Cart Market Application Segment Analysis

According to Cognitive Market Research, the industrial segment holds the largest share of the market due to the widespread use of utility carts in manufacturing plants, warehouses, and logistics operations. Industrial sectors require utility carts for material handling, storage, and efficient movement of goods, contributing to their dominant position in the market.

In the utility cart market, the commercial has been expanding at a rapid pace due to the rapid growth of retail, hospitality, and service industries. As businesses in these sectors expand, the demand for utility carts to transport goods, supplies, and inventory has surged. The growing focus on operational efficiency in commercial environments contributes to this fast growth.

• Household
• Commercial
• Industrial
• Others

Utility Carts End User Segment Analysis

Utility Cart Market End User Segment Analysis

According to Cognitive Market Research, the manufacturing and warehousing segment holds the largest share of the market due to the critical role utility carts play in moving raw materials, finished products, and inventory efficiently within factories and storage facilities. The significant demand for utility carts in these sectors ensures their dominance in the market.

In the utility cart market, the healthcare has been expanding at a rapid pace as hospitals and healthcare facilities increasingly rely on utility carts for transporting medical supplies, equipment, and medications. The ongoing demand for efficient material handling in healthcare environments, coupled with the rise of patient-centered care models, drives the rapid growth of utility carts in this sector.

• Healthcare
• Residential Users
• Hospitality
• Retail
• Manufacturing and Warehousing

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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