U.S. Medical Carts Market Size is Predicted to Witness 12.4% CAGR till 2030

 

The U.S. medical carts market is anticipated to reach USD 2.02 billion by 2030 and is anticipated to expand at a CAGR of 12.4% from 2024 to 2030, according to a new report by Grand View Research, Inc.Market growth can be attributed to the increasing adoption of EMR in hospitals, the rise in the volume of hospitals & urgent care centers, growing hospital admissions, surge in the geriatric population, and technological advancements. Moreover, the integration of telemedicine capabilities into medical carts is expected to boost the market over the forecast period.

An increasing trend of customization in medical carts has been witnessed due to changing user preferences. This factor directly impacts the design of medical carts. Manufacturers are constantly striving to address the different needs of end users in the medical care business as a result of this trend. One of the most prominent design trends is the use of traditional medical carts with customizable options. With this customization, manufacturers can provide customers with options to build medical carts based on their needs while being cost-effective. It can be customized to carry proper equipment for all possible situations. These include cardiac response carts, emergency room carts, crash carts, and surgical support carts. The aforementioned factors are likely to augment market growth. 

The growing geriatric population, highly susceptible to chronic diseases, is further expected to drive the demand for comfort medical carts designed to meet the unique needs of elderly patients and enhance their overall comfort and well-being. According to the U.S. Census Bureau 2023 statistics, the number of Americans aged 65 & older is anticipated to surge from 58 million in 2022 to 82 million by 2050, and the 65-and-older age group’s share of the total population is expected to rise from 17% to 23%. Patients in these age brackets are vulnerable to multiple chronic conditions and necessitate greater patient safety & care. Several preexisting conditions commonly affect these people. In addition, ED setting contributes to changes in vision and hearing, declines in functional reserve, and cognitive impairment. These issues are resolved using comfort carts, driving the market growth.

List of Key Players in the U.S. Medical Carts Market

• Medline Industries, Inc.
• Ergotron, Inc.
• Midmark Corporation
• The Harloff Company
• Waterloo Healthcare (Bergmann Group)
• AFC Industries, Inc.
• Capsa Healthcare
• Enovate Medical
• GCX Corporation (Jaco, Inc.)
• Altus, Inc.
• TouchPoint Medical

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U.S. Medical Carts Market Report Highlights

• The computer workstations segment dominated the market with a share of 59.98% in 2023. Amongst, the powered segment dominated the market in terms of energy source, owing to need for continuous, reliable power supply to support critical medical applications and electronic health records.
• The medication delivery segment dominated the market with a share of 29.81% in 2023, as these workstations streamline the process of medication administration. Key drivers include the need for accurate patient data access, improved workflow efficiency, and enhanced safety protocols in healthcare settings.
• The emergency carts segment dominated the market with a share of 40.72% in 2023. This dominance is driven by the increasing number of emergency room visits and the emphasis on improving response times and patient outcomes during emergencies.
• The hospital segment dominated the market with a share of 35.45% in 2023, owing to a wide range of medical specialties and complex patient cases, necessitating advanced technology solutions.
• The physician offices/ clinics/office-based labs segment dominated the market with a share of 21.86% in 2023. The segment has witnessed considerable growth due to the increasing need for efficient electronic health record (EHR) management and patient data integration. These workstations enhance workflow efficiency and accuracy in clinical settings, supporting better patient outcomes and streamlined operations.

U.S. Medical Carts Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 1.05 billion
Revenue forecast in 2030	USD 2.02 billion
Growth rate	CAGR of 12.4% from 2024 to 2030
Actual data	2018 - 2023
Forecast period	2024 - 2030

 

Related Press Release@ U.S. Medical Carts Industry Analysis Report

U.S. Medical Carts Market Segmentation

Grand View Research has segmented the U.S. medical carts market based on product, application, type, end-use, and distribution channel:

U.S. Medical Carts Product Outlook (Revenue, USD Million, 2018 - 2030)

• Computer Workstations
• Energy Source

• Powered
• Non-powered
• Configuration
• Wall-mounted
• Mobile
• Medication Carts
• Medical Storage Columns, Cabinets & Accessories
• Others

U.S. Medical Carts Application Outlook (Revenue, USD Million, 2018 - 2030)

• Medical Documentation
• Medical Equipment
• Medication Delivery
• Telehealth Workstation
• Others

U.S. Medical Carts Type Outlook (Revenue, USD Million, 2018 - 2030)

• Anesthesia Carts
• Emergency Carts
• Procedure Carts
• Others

U.S. Medical Carts End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Ambulatory Surgical Centers
• Physician Offices/ Clinics/ Office Based Labs
• Skilled Nursing Facilities
• Others

U.S. Medical Carts Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Med Surge Distribution
• IT/ CDW/ VAR-Value Added Reseller

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About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Electric Bus Market by FuelCell Energy, Inc.; Ballard Power Systems; Hydrogenics Corporation; SFC Energy AG

 

The global electric bus market size is anticipated to reach USD 110.44 billion by 2030 and expanding at a CAGR of 12.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth is attributed to the rising demand from private transit agencies, city planners, and private institutions for alternatives to conventional buses and increase in production of cost-effective batteries are major factors driving the growth. Additionally, the rapid expansion of fast-charging infrastructure is significantly contributing to the growing adoption of electric buses globally.

Increased government support for electrifying public transportation is expected to propel the market’s growth. For instance, in March 2024, the New York City awarded a funding of USD 77 million from the federal Bipartisan Infrastructure Law to enhance the number of electric school buses and trucks in the city. The funding includes a grant of USD 61.1 million from the U.S. EPA’s Clean School Bus Grant Program, which will add 180 new electric school buses to the city’s fleet, effectively quadrupling the total number of electric school buses in New York City. Such initiatives are expected to bode well for the growth of the market.

Stringent environmental regulations and government emission standards are poised to open significant growth opportunities for the electric bus industry. Numerous government bodies have implemented pioneering pollution reduction programs that offer incentives to promote the adoption of electric buses in public transportation systems. Furthermore, the global transportation sector's growing focus on sustainability is driving customers to increasingly embrace alternative and innovative energy vehicles.

Furthermore, rising investment by the government to boost the battery charging infrastructure is expected to fuel the electric bus industry. For instance, in October 2023, the French government allocated funding to accelerate the deployment of electric vehicle charging points, ensuring that France remains on track to meet the ambitious targets set by the EU’s new alternative fuel infrastructure regulation. France aims to install over 400,000 electric vehicle charging points on its road network by 2030, with a specific target of 50,000 fast charging points.

List of Key Players in the Electric Bus Market

• BYD Company Limited
• AB Volvo
• Proterra
• MAN
• Nissan Motor Corporation
• Ashok Leyland Limited
• Daimler Truck AG
• Zhengzhou Yutong Bus Co., Ltd.
• TATA Motors Limited
• Hyundai Motor Company

Related Press Release@ Electric Bus Market Report

Electric Bus Market Report Highlights

• Based on type, the battery electric vehicle (BEV) segment dominated the market in 2023. Battery-powered electric buses can significantly mitigate the environmental and health hazards associated with diesel buses, while offering a reliable and cost-effective solution for cities and school districts. Advances in electric bus technology and a rapid decline in battery costs are driving the segment’s growth.
• Based on battery type, the lithium iron phosphate segment dominated the market in 2023. Lithium iron phosphate (LFP) battery packs have emerged as a preferred choice for electric buses due to their ability to provide high voltage, power density, extended life cycle, reduced heating, and enhanced safety compared to other battery technologies.
• In terms of application, the intercity segment is expected to grow at a fastest CAGR from 2024 to 2030. The growing demand for electric buses for long-distance transportation applications is boosting the segment’s growth.
• Based on end use, the public segment accounted for the largest market share in 2023. A surge in the adoption of electric buses for airport operations, in schools and for intercity and intracity services can be attributed to the segment’s growth.
• The North America region is expected to grow at the fastest CAGR from 2024 to 2030. The demand for electric buses in North America is experiencing a significant surge, driven by several key factors. The U.S. is leading country, with the highest sales of electric buses, followed by Canada and Mexico. The growth of electric buses in the region can be attributed to several factors, including growing population, demand for electric school buses and rising adoption of emission-free vehicles.
• In April 2024, NueGo, an electric bus brand of Greencell Mobility Private Limited introduced a long-haul, air-conditioned seater and sleeper intercity electric bus service in India which runs between Chennai and Bengaluru. The launch electric bus service represents a significant step towards decarbonizing India's public transportation sector and fostering a more sustainable ecosystem for intercity travel.

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Electric Bus Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 55.58 billion
Revenue forecast in 2030	USD 110.44 billion
Growth rate	CAGR of 12.1% from 2024 to 2030
Actual data	2018 - 2023
Forecast period	2024 - 2030

 

Grand View Research has segmented the global electric bus market based on type, battery type, application, end use, and region:

Electric Bus Type Outlook (Revenue, USD Million; Volume, Units, 2018 - 2030)

• Battery Electric Vehicle
• Plug-in Hybrid Electric Vehicle
• Fuel Cell Electric Vehicle

Electric Bus Battery Type Outlook (Revenue, USD Million; Volume, Units, 2018 - 2030)

• Lithium Nickel Manganese Cobalt Oxide
• Lithium Iron Phosphate

Electric Bus Application Outlook (Revenue, USD Million; Volume, Units, 2018 - 2030)

• Intercity
• Intracity

Electric Bus End Use Outlook (Revenue, USD Million; Volume, Units, 2018 - 2030)

• Public
• Private

Electric Bus Regional Outlook (Revenue, USD Million; Volume, Units, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Latin America
• Brazil
• Middle East & Africa
• UAE
• Kingdom of Saudi Arabia
• South Africa

Explore Horizon, the world's most expansive market research database

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Electric Forklift Market Size To Reach $112.87 Billion By 2030

 

The global Electric Forklift Market size is anticipated to reach USD 112.87 billion by 2030, growing at a CAGR of 14.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Developments in the e-commerce industry are fueling the demand for lift trucks across the economies. Owing to the increase in online shopping, the demand for lift trucks among retailers has escalated in recent years. Electric forklift allows companies to store and distribute merchandise in large quantities, giving them a competitive advantage in their respective markets. Thus, growing demand from several end-use industries is anticipated to drive the market growth over the forecast period.

Furthermore, the trend of automation and robotics is expected to gain significant momentum from 2024 to 2030, particularly in warehouses and distribution centers. Automated forklifts are becoming increasingly popular due to their ability to move goods more quickly and efficiently than manual forklifts. These automated forklifts enhance productivity as well as reduce the risk of injury and human error, making them a safer option for warehouses and distribution centers.

Several prominent players are expanding their business operations in emerging regions in the global electric forklift industry. Further, companies are planning strategies for product innovation and portfolio expansion through strategic investments and mergers and acquisitions in the global market. For instance, in January 2023, Crown Equipment Corporation expanded its electric and IC counterbalance forklift portfolio with the launch of C-B, C-D, and C-G lift truck series. These forklifts are capable of handling load capacities ranging from 2.0 to 5.5 tons, enabling them to tackle a wide variety of tasks in both indoor and outdoor environments.

The market is expected to grow rapidly from 2024 to 2030 due to the increased adoption of electric forklift technology and an increase in its applications in industries such as food and beverage, chemical, industrial, logistics, construction, retail and e-commerce, and others. As electric forklifts are expected to outpace ICE forklifts, OEMs seek ways to improve forklifts' run-time and performance. Rising environmental concerns and scarcity of natural resources such as natural gas also create the need for a sustainable, efficient, and durable power source to run the electric forklift and long-term renewable energy solution.

List of Key Players in the Electric Forklift Market

• Anhui Heli Co., Ltd.
• Clark Material Handing Company
• Crown Equipment Corporation
• Doosan Corporation
• Hangcha Forklift
• Hyster-Yale Materials Handling, Inc.
• Jungheinrich AG
• KION Group AG
• Komatsu Ltd.
• Mitsubishi Logisnext Co., Ltd.
• Toyota Material Handling 

 Request a free sample copy or view report summary: Electric Forklift Market Report

Electric Forklift Market Report Highlights

• The pallet trucks segment dominated the market in 2023. Electric pallet trucks are versatile tools that can benefit a wide range of businesses and production processes. They are particularly useful for moving materials in warehouses, supermarkets, and the transport industry, as they can efficiently load and unload goods. Thus, the increasing use of electric pallet trucks to improve overall operational efficiency by streamlining material handling tasks is driving the segment’s growth.
• The lithium-ion segment dominated the market in 2023. The growth of the segment can be attributed to the rising demand for lithium-ion-based electric forklifts as they provide benefits such as longer runtimes, faster charging times, and more efficient operation.
• The retail & e-commerce segment is expected to grow at the fastest CAGR from 2024 to 2030. Factors such as rapid growth of the retail and e-commerce industry and the need for efficient material handling tools can be attributed to the segment’s growth.
• The Asia Pacific region is expected to grow at the fastest CAGR from 2024 to 2030. The presence of several prominent electric forklift manufacturers, such as Doosan Corporation and Hangcha Forklift, can be attributed to the market growth in the region. In addition, factors such as increasing population in countries such as China and India, rising disposable income, and the evolving material handling needs of the growing e-commerce operations in the region are expected to contribute to the market growth in the region.
• In April 2023, Toyota Material Handling announced the launch of a new electric walkie-stacker: Tora-Max Walkie Stacker. The walkie-stacker is ideal for distribution, manufacturing, beverage, warehousing, and retail industries. The new model is available in the North American region through online and store purchases. The vehicle is designed for light dusty operations.

Related Press Release@ Electric Forklift Market Analysis

Electric Forklift Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 50.40 billion
Revenue forecast in 2030	USD 112.87 billion
Growth rate	CAGR of 14.4% from 2024 to 2030
Actual Data	2018 - 2023
Forecast period	2024 - 2030

 

Electric Forklift Market Segmentation

Grand View Research has segmented the global electric forklift market on the basis of product, battery type, end-use, and region:

Electric Forklift Product Outlook (Revenue, USD Million, 2018 - 2030)

• Counterbalanced
• Pallet Trucks
• Reach Trucks
• Pallet Stackers
• Others

Electric Forklift Battery Type Outlook (Revenue, USD Million, 2018 - 2030)

• Lithium-Ion
• Lead Acid
• Hydrogen Fuel-Cell

Electric Forklift End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Chemical
• Food & Beverage
• Industrial
• Logistics
• Retail & E-Commerce
• Others

Electric Forklift Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Latin America
• Brazil
• Argentina
• Middle East & Africa
• Kingdom of Saudi Arabia
• UAE
• South Africa

List of Key Players in the Electric Forklift Market

• Anhui Heli Co., Ltd.
• Clark Material Handing Company
• Crown Equipment Corporation
• Doosan Corporation
• Hangcha Forklift
• Hyster-Yale Materials Handling, Inc.
• Jungheinrich AG
• KION Group AG
• Komatsu Ltd.
• Mitsubishi Logisnext Co., Ltd.
• Toyota Material Handling 

 Explore Horizon, the world's most expansive market research database

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com