Demand For Material Buggy Is Expected To Rise Due To The Ability To Carry Dumping Material With The Help Of Advanced Technology

The global material buggy market is expected to expand at an impressive CAGR of around 7% over the forecast period of 2021 to 2031, with the mining & construction industry accounting for bulk of the demand.

Demand for material handling equipment has been progressing at a rapid pace over the past several years. Material buggies account for less than one percent of the global material handling equipment industry. Apart from material buggies, manual material carrying buggies are used in construction and mining industries.

At present, demand for material buggies in Europe, North America, and MEA is extremely high, due to adoption of advanced equipment in these regions. Construction companies, mining companies, and warehouses use material buggies to carry material, including coal, concrete mix, construction products, heavy metals, mud, and products at warehouses from one place to another in a short radius. Procurement of material buggies is growing in farming areas for carrying vegetables and fruits, due to their chain-based wheels that allow movement on uneven or muddy roads.

Sample  Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=5793

At present, Europe holds the largest revenue share in the global material buggy space, owing to the well-established advanced material handling equipment industry in the region, especially the United Kingdom. The United Kingdom sold approximately 520 units of material buggies in 2020, which includes large numbers of diesel engine material buggies.

As per the report new published by Fact.MR, the global material buggy market is anticipated to exceed a valuation of US$ 230 Mn by 2021, and is expected to expand at an impressive CAGR of around 7% over the forecast period of 2021 to 2031.

 Customized Reports – https://www.factmr.com/connectus/sample?flag=RC&rep_id=5793

Key Takeaways from Market Study

• In 2020, one-third of market revenue was generated solely by the European region.
• Material buggies with diesel engines account for more than 40% of global sales.
• In 2020, North America and Europe together accounted for approximately 60% of global market share. The European market is expected to offer over US$ 77 Mn absolute dollar opportunity over the next ten years.
• The market for material buggies is moderately concentrated, where companies such as The Toro Company, Allen Engineering, and Bartell Global hold around 30% of the global market share.
• The market in East Asia is projected to expand at a CAGR of around 9.5% throughout 2021-2031.

Research Methodology – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5793

Key Market Segments Covered

• By Engine
  • Electric Material Buggies
  • Petrol Material Buggies
  • Diesel Material Buggies
  • Gas Material Buggies
• By Type
  • Tracked Material Buggies
  • Wheel Material Buggies
• By Payload
  • Below 600 kg Material Buggies
  • 600 TO 800 kg Material Buggies
  • 800 to 1000 kg Material Buggies
  • 1000 to 1200 kg Material Buggies
  • More than 1200 kg Material Buggies
• By Moving Speed
  • Less than 10 km/hr Material Buggies
  • 10 to 12 km/hr Material Buggies
  • 12 to 14 km/hr Material Buggies
  • 14 to 16 km/hr Material Buggies
• By Engine Power
  • Less than 10 hp Material Buggies
  • 10 to 15 hp Material Buggies
  • 15 to 20 hp Material Buggies
  • 20 to 25 hp Material Buggies
• By Sales Channel
  • Material Buggies through Direct Sales
  • Material Buggies through Distributor Sales
• By Region
  • North America
  • Latin America
  • Europe
  • East Asia
  • MEA
  • South Asia & Pacific

Reasons to choose Fact.MR:

• Exhaustive research regarding the market to offer A to Z information.
• Digital technologies to provide innovative business solutions to the clients.
• 24/7 availability of services.
• Interaction with suppliers, vendors, and service providers for precise market landscape.
• Reports tailored as per the requirements of the clients.

For More Insights- https://www.einpresswire.com/article/557143001/worldwide-revenue-share-of-undercarriage-components-for-mini-excavators-is-expected-to-account-nearly-us-6-5-billion

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact: