The Global Gas Cylinder Trolleys Market size is expected to grow at a CAGR of 6.8% during the forecast period. The market size was valued at US$ 1.2 billion in 2018 and is projected to reach US$ 2 billion by 2028, with an estimated 169 million units sold in 2020 globally. The demand for these products is driven by the growing need for energy to power up various sectors of the global economy.
Gas cylinders are containers used to store gases, such as oxygen and acetylene. Gas Cylinder Trolleys help in storing these cylinders conveniently. A trolley is a cart with wheels that can be moved easily from one place to another for the convenience of people who are transporting gas cylinders. The trolley usually has some shelves or hooks where the user can attach their gas cylinder while moving around effortlessly.
Industrial manufacturing plants require large quantities of different kinds of gases which need to be stored at proper temperature levels—usually cold-storage temperatures; thus, it becomes necessary for them to use appropriate storage facilities like cylindrical tanks in order to keep the content fresh and potent until they are needed (just like those used by breweries).
On the basis of Type, the market is segmented into Two-Wheel and Four Wheel.
The two-wheeled version is often called scooters, as they can be easily pushed by the user when needed for transporting heavy loads such as cylinders or cartons of materials.
A four-wheel gas cylinder trolley has at least one wheel in the front and another in the rear, or it may also have an additional pair of wheels to either side (in all cases, there are always four separate wheels). A four-wheeler requires less effort to push around because it ascends on its own weight and needs only one hand from the operator (these versions require more space).
On the basis of Application, the market is segmented into Hospital, Industry, and Household. In 2018 hospitals accounted for nearly 50% of total demand in the global gas cylinder trolleys market followed by industry at 40%. Demand from the household will grow steadily as the number of people living on low-to-moderate income increases across different regions.
The cylinders require to be moved from one room or floor of the facility to another so they can be refilled with compressed gases by qualified personnel for patient use. This process requires a full-service team that is able to identify the type of gas needed; find an appropriate location where it will remain safely stored until required; fill up onsite tanks as well as transport them back again when necessary.
They are widely used in factories, warehouses, or construction sites due to their ability to handle heavy loads over rough terrain which makes this equipment portable and easy to move around even at heights. This reduces manual handling and fatigue.
These are mainly used in the kitchen to handle vapors from cooking, as well as provide a more convenient way of storing gas. They can also be found around other areas of the home such as garden sheds or garages.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific market North American region is estimated to account for the largest share of the global gas cylinder trolleys market in 2018. The Latin America region and its countries are expected to experience a moderate CAGR during the forecast period (2018-2028). In Europe, the Asia Pacific, and Middle East & Africa regions, high urbanization rates have resulted in increasing demand for gas cylinders. These rising demands would lead these economies to dominate this industry over 2028.
The growth of the global gas cylinder trolleys market is primarily attributed to an increase in demand for equipment and supplies from manufacturers. The rise in the number of manufacturing firms globally, coupled with increasing investment by these companies in developing countries, has led to increased production needs. This shift towards manpower-intensive industries has prompted a greater need for material handling solutions that can be deployed quickly and efficiently. Gas cylinders are also required extensively for various industrial applications such as welding, soldering, or heating furnaces that require high-temperature gases like acetylene gas, etc., which leads to higher demand for this product across many sectors including hospitals, industry segments, household segment. In addition, the use of modernized construction techniques like prefabricated walls leads to the usage of gas cylinders for various purposes such as construction, heating, and cooling needs.
Up Market Research published a new report titled “Gas Cylinder Trolleys Market research report which is segmented by Types (2 Wheel, 4 Wheel), By Applications (Hospital, Industry, Household), By Players/Companies Bicakcilar, Drive Medical, Heyer Medical, Inmoclinc, Mth Medical, Projesan, provita medical, Seers Medical, Shree Hospital Equipment, United Poly Engineering”.
|Report Attributes||Report Details|
|Report Title||Gas Cylinder Trolleys Market Research Report|
|By Type||2 Wheel, 4 Wheel|
|By Application||Hospital, Industry, Household|
|By Companies||Bicakcilar, Drive Medical, Heyer Medical, Inmoclinc, Mth Medical, Projesan, provita medical, Seers Medical, Shree Hospital Equipment, United Poly Engineering|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||202|
|Number of Tables & Figures||142|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type 2 Wheel, 4 Wheel and By Application Hospital, Industry, Household.
Some of the companies that are profiled in this report are:
Gas Cylinder Trolleys Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Gas Cylinder Trolleys Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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