A recent report published by Infinium Global Research on bulk material handling products and technologies market provides in-depth analysis of segments and sub-segments in the global as well as regional bulk material handling products and technologies market. The global bulk material handling products and technologies market is projected to grow at a CAGR of 1.5% over the forecast period of 2018-2024.
Pune, India -- (SBWIRE) -- 03/21/2019 -- The Bulk Material Handling Products and Technologies Market's segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR's report also covers drivers and restraints in the bulk material handling products and technologies market.
Infinium Global Research's report covers the annual growth of the Global bulk material handling products and technologies market. It also includes chapters on the Global bulk material handling products and technologies industry trends, geographic analysis, and competitive landscape.
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The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.
Bulk Material Handling Products and Technologies Market: Market Insight
Bulk material handling facilitates to transport material from one location to its final destination or to process material such as ore in concentrating and smelting or handling materials for manufacturing such as logs, wood chips and sawdust at sawmills and paper mills. It is a field of engineering and technology which deals with the development of equipment used for the handling of dry materials such as minerals, ores, coal, cereals, woodchips, sand, gravel, clay, cement, ash, salt, chemicals, grain, sugar, flour and stone in loose bulk form. Bulk material handling is an essential part of all industries that process bulk ingredients including food, beverage, chemical, agricultural, polymer, plastic, rubber, ceramic, electronics, metals, minerals, paint, paper, textiles and more. Bulk material handling systems generally includes stationary machinery such as conveyor belts, screw conveyors, tubular drag conveyors, moving floors, top loaders, stackers, reclaimers, bucket elevators, truck dumpers, railcar dumpers or wagon tipplers, ship loaders, hoppers and diverters and mobile equipment such as loaders, mobile hopper loaders / unloaders, various shuttles, combined with storage facilities such as stockyards, storage silos or stockpiles. Advanced bulk material handling systems feature integrated bulk storage, conveying, and discharge.
Bulk Material Handling Products and Technologies Market: Drivers and Restraints
Increasing industrial infrastructure in emerging economies and surge of automation in the manufacturing sector are the major factors driving the global bulk material handling products and technologies market. Additionally, increasing investment in the construction sector and growing adoption of mass manufacturing and assembly line production in developing nations have added to the growth of the bulk material handling products and technologies market. Furthermore, growing mining activities, development in the agriculture sector, and the innovations and advancements in bulk material handling products and technologies are likely to drive the market. However, high initial cost and low technological penetration are is set to hamper the growth of global bulk material handling products & technologies market.
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Bulk Material Handling Products and Technologies Market: Segmentation
The global bulk material handling products and technologies market is segmented on the basis of type, and end user. On the basis of type, the sub-markets include powder materials, iron ores, wood chips, and coal. On the basis of the end user, the sub-markets include energy, construction, chemical, food & beverages, metals, oil and gas, mining, pharmaceuticals, and plastics. Powdered materials segment is the dominant segment on the basis of type. Growing manufacturing industries such as food & beverage, chemical, metals, and minerals, led to an increase in demand for bulk material handling for powdered materials. On the basis of the end user, the mining industry has great demand for bulk material handling products and technologies owing to the increase in mining activities around the globe and need for automation in the mining industry.
Bulk Material Handling Products and Technologies Market: Regional Insight
North America, Asia Pacific, Europe, and the Rest of the World are the geographical regions in the global bulk material handling products and technologies market. Europe is the leading region in the global bulk material handling products and technologies market. Growing demand for automation in industries, the rise in assembly line production and the need for bulk material handling in the construction sector have led to the growth of bulk material handling products and technologies market in Europe.
Bulk Material Handling Products and Technologies Market: Competitive Analysis
Some of the major companies in the global bulk material handling products and technologies market are Metso Corp., Tenova S.p.A, SENET, TRF Ltd., ThyssenKrupp AG, FLSmidth & Co., and Voith GmbH. among others. On January 2019 FLSmidth agreed to sell its bulk material handling business to Rainbow Heavy Machineries.
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