Hand Trucks and Dollies Market size was valued at USD 747.2 million in 2024 and is projected to reach USD 1.1 billion in 2037, expanding at a profitable CAGR of 2.8% during the forecast period, i.e., 2025-2037. In 2025, the industry size of hand trucks and dollies is evaluated at USD 768.7 million. The growth of the sector is attributed to rising investments in reliable moving equipment for warehouses, construction sites, the hospitality sector, etc. The rapid growth of the e-commerce sector benefits the demand for hand trucks and dollies as online retail requires more precise order fulfillment. For instance, in July 2024, LPP Logistics announced the launch of the second e-commerce warehouse in Romania. The increasing prevalence of e-commerce leads to a surge in order volumes in warehouses necessitating hand trucks and dollies to ensure faster turnaround for customers.
The global hand trucks and dollies market is poised to leverage profitable opportunities in emerging economies such as India, Brazil, Indonesia, etc., owing to the rapid expansion of warehousing facilities. Businesses are investing in large distribution centers that drive demands for efficient moving solutions. For instance, in February 2024, Merck announced the opening of a new distribution center in Brazil investing USD 21.7 million that will have 13000 square meters of space for the life science business sector. Additionally, the global hand trucks and dollies market is positioned to benefit from rising awareness on workplace safety pushing businesses to invest in equipment that can curtail the risk of manual labor. The Occupational Safety and Health Administration of the U.S. has been vocal in efforts to protect the interests of warehouse workers by ensuring access to hand trucks and dollies to minimize strenuous labor.
Advancements in manufacturing materials are poised to assist the growth surge of the global hand trucks and dollies sector. Electric-powered dollies are emerging as alternative solutions to heavy-duty applications, improving operational efficiency. Additionally, advancements in Internet of Things (IoT) sensors are positioned to lead a profit surge in the market as businesses invest in automation, and IoT-integrated hand trucks can track usage benefiting data analysis. As per global trends, manufacturers are increasingly focusing on developing lightweight and robust materials to improve product durability while maintaining ease of use. The hand trucks and dollies market is poised to leverage the favorable trends of advancements and maintain the profitable growth curve by the end of the forecast period.
Author Credits: Richa Gupta
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