Global platform carts market to reach USD 820.06 million by 2021, growing at a CAGR of 6.7 % during 2016 and 2021.
The report covers forecast and analysis for the platform carts market on a global level. The study provides historic data of 2015 along with a forecast from 2015 to 2021 based revenue (USD Million). The study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the platform carts market on a global level.
In order to give the users of this report a comprehensive view on the platform carts market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the platform carts market has also been included. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view on the platform carts market by segmenting the market based on region. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.
The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include AGAB Pressautomation, CADDIE, Emmegi Group, i-lift Equipment, Off., Giovanelli S.a.s, Quantum Storage Systems, Rubbermaid Commerical Products LLC and SALL S.r.l among others.
This report segments the platform carts market as follows:
Platform carts Market: Regional Segment Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Platform Carts market. Zion Research has collected and analyzed key data belong to the global Platform Carts market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Platform Carts across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assistedin validation of findings from secondary research and to understand key trends in the Platform Carts industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Platform Carts market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Cart is the vehicle generally used to transport materials and can be used as both as transportation and storage units. The carts consist of two rigid and swivel casters for flexibility. Carts are manufactured using black powder coat finish with strong gauge structure steel tubing. Designs and materials used for cart production vary depending on the end user application. Platform carts are used to give support for nonpalletized loads and also utilized in skid handling. Platform carts comprise higher lifting capacity as compared to the fork trucks.
Surging demand in rail transportation, use of carts on platforms and bus stations for transporting the luggage are driving the growth of platform carts market. Escalating market of hotels, cafes, and supermarkets, results in the growth of the platform trolley demand. Rapid urbanization, increasing population, escalating number of international airport, hotels and hospitality have lead to increased demand for platform carts globally. Cost effectiveness and convenience compared to the conventional transporting method is the key factor that triggers the growth of platform carts market. Technological advancement in platform carts with superior specializations is likely to open new opportunities for the platform carts market. Increasing demand from the emerging economies is expected to stimulate the growth of platform market.
Platform cart, platform storage & transport carts, working platform and others are the general types of carts. Various platform trucks are available in the market with a wide range of characteristics and operations such as wood platform trucks, aluminum platform trucks, steel platform trucks, plastic platform trucks, U-boat platform trucks.
With 32% of total market share, North America dominated the platform cart market in 2014. This was mainly contributed by a large number of airports, railway stations and established supermarket chains in U.S. Asia Pacific is anticipated to show high growth potential for platform cart market owing to growing travel and retail sector in this region.
The presence of multiple players in the market causes price competitiveness, forcing companies to offer bundled services to differentiate their offerings. The key players in the platform market include AGAB Pressautomation, CADDIE, Emmegi Group, i-lift Equipment, Off., Giovanelli S.a.s, Quantum Storage Systems, Rubbermaid Commerical Products LLC, and SALL S.r.l among others.