Rise in the demand for bulk material handling products and technologies has been observed in mining and construction sectors.
Albany, NY -- (SBWIRE) -- 10/05/2016 -- This report provides strategic analysis of the global bulk material handling products & technologies market. The bulk material handling products & technologies market has been segmented based types of bulk material handling equipment and end user application sectors and cross sectional analysis of the market across four broad geographical segments have been covered in the scope of the report. Growing demand for bulk material handling products & technologies in the mining and chemical sectors globally has fuelled the growth of bulk material handling products & technologies market. The industrial infrastructure and construction sector of countries such as China, India and Japan is in the developing stage and high demand for bulk material handling equipment has been found in this sector. Moreover, bulk material handling products and technologies are also used in the agricultural farms for the storage and movement of crops and powder bulk materials. Modernized, automated machineries for handling bulk materials are largely being used in the chemical industry to carefully handle the hazardous chemical wastes. Furthermore the need of assembly line in the manufacturing sector is also driving the bulk material handling products and technologies market. Assembly line requires the aid of conveyer system to meet the production capacity. Considering these factors demand of bulk material handling products & technologies is estimated to rise during the forecast period.
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Pharmaceutical industry needs bulk material handling products for product containment, feeding reactors and stirrer containers with basic chemicals. Opportunity for bulk material handling product market lies in this sector because the pharmaceutical industry is growing at a constant rate and this would increase the demand for bulk material handling products. Expansion of commercial farmlands and growth of mining sector in Asia Pacific have jointly impacted the usage of bulk material handling products and technologies. The increase in automation in the manufacturing companies is driving the growth of the market; as the bulk material handling equipment is an integral part of the automation process However, high initial cost and low technological penetration are the major restraints in the growth of global bulk material handling products & technologies market.
Competitive profiling of the key players and their market share in different geographic segments namely, North America, Europe, Asia Pacific and Rest of the World have been included in the report. Furthermore, the different business strategies incorporated by the major players have been covered in the purview of the report. Market attractiveness analysis and Porter's Five Forces analysis have been included to provide an insight into the market dynamics.
The various factors that impact the market growth are described as the market drivers, restraints and opportunities and these have been covered in the scope of the report. These factors help to understand the existing trends in the market that have an impact on its growth. Therefore, the report provides a holistic analysis of the global bulk material handling products & technologies market and provide an estimate of growth for the period 2014 to 2020.
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Some of the leading players in the market are, ThyssenKrupp AG (Germany), FLSmidth & Co. A/S (Denmark), TENOVA (Italy), Metso (Finland), TRF Ltd (India) and SENET (South Africa) among others.
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