+91-8668442535

Bulk Material Handling Equipment Market By Equipment Type (Stacker, Reclaimer, Stacker Reclaimer, Band Conveyor, Bucket Wheel Excavator, Stripping Shovel, Rope Shovel, Bucket Elevator, Ship Loader, Bucket Crane), By End-user (Mining, Construction, Industrial Manufacturing, Ports & Cargo Terminals, Packaging) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

The acyclic nature of the mining and construction industries has a direct impact on the market for bulk material handling equipment. As a result, the market for bulk material handling equipment is expected to grow from US$ 38.29 billion in 2017 to US$ 56.83 billion in 2026. The market is estimated to register a moderate growth rate of 4.5%, owing to a modest mining and construction sector.

The majority of bulk material handling equipment incorporates high initial and running costs and is generally procured by big players in the aforementioned sectors. However, small and practical alternatives for moderately sized construction industries are creating positive growth opportunities for the bulk material handling equipment market. In addition, growing global sea trade and the establishment of new ports and cargo terminals certainly sparked the bulk material handling equipment market.

Market Synopsis

Equipment used in the cargo and packaging industry is scoring points and offering positive prospects.

Almost every piece of bulk material handling equipment is different in the sense of construction, applications, and price. Several types of bulk-handling equipment are used extensively in mining and heavy construction across the globe. The equipment is not procured on a frequent basis by contracting firms and companies and is instead rented more often by small contractors. Consequently, heavy machinery used in bulk material handling for the mining and construction sectors is estimated to grow at a relatively sluggish rate.

However, equipment, including ship loaders, band conveyors, and bucket elevators, is used in industrial manufacturing, port and cargo terminals, and the packaging sector. These pieces of equipment are scoring points on both fronts equally and are therefore projected to grow at a significant rate in the coming years.

Port and Cargo Terminals Get Ready to Outshine the Mining End-Use Industry in the Coming Years

The mining end-use industry dominated the overall bulk material handling equipment market in terms of market value. The mining industry as a whole has a market value of more than $500 billion this year, and the market is not expected to slow down in the coming years. With more mining sites opening for resource extraction around the world, demand for bulk material handling equipment is expected to rise significantly in this sector.

Besides mining, rapid urbanization and a significant rise in government projects uplifted the construction industry, which appeared as a blessing for the bulk material handling equipment sector. Other end-use industries, such as industrial manufacturing, cargo transportation, and packaging, are contributing their share considerably, allowing the overall market to grow at a decent pace.

Perpetual growth in cargo transportation and the growing number of ports and cargo transportation hubs are proving to be vital points in the development of the market. Consequently, ports and cargo terminals are estimated to be the fastest-growing market segment throughout the forecast period from 2018 to 2026.

Asia Pacific is Emerging as the Most Lucrative Market with Respect to Equipment Sales

China is at the center of the world mining map, supported by freight transportation through ports and cargo terminals, helping Asia-Pacific to lead the global bulk material handling equipment market. Aside from China, there are several other active mining sites, which, combined with rapid urbanization in developing countries, gives the Asia Pacific an advantage over other regions.

North America lags behind Asia-Pacific due to its extensive shipping and cargo transportation sectors. Packaging and industrial manufacturing also support the bulk material handling equipment market in North America. Besides the aforementioned regions, the Middle East and Africa are emerging as bright spots for the market in the coming years. Rapid expansion and construction of new ports across the region are drawing the attention of several prominent players in the market.

Global Leaders Face Off in Breath-Stealing Competition on the Global Water Equipment Treatment Market Front

The bulk material handling equipment market is no less than an intense face-off between titans participating in the market. These international players have a vast product portfolio and far-reaching geographical reach to complement their significant stature. In order to maintain their market position, these companies must face their closest competitors. Acquiring long-term contracts and upgrading their services are at the top of their list of strategies.

Besides, these companies are keeping an eye on the most potential and emerging markets to claim their dominance on new turf. Technological advancement can prove to be an additional advantage for these companies in the coming years.

The research study includes the most recent activities and key policies adopted by a few of the most prominent players in the bulk material handling equipment market, including Komatsu, Metso Corporation, TRF Ltd., ThyssenKrupp AG, IHI Transport Machinery Co., Ltd., Hitachi Construction Machinery Co., Ltd., L&H Industrial, Voith GmbH, Tenova S.p.A., Techint Group, Kawasaki Heavy Industries, Ltd., and Sumitomo Heavy Industries Material Handling Systems Co., Ltd., among others.

Market Segmentation

Key questions are answered in this report.

  • What are the modern developments in the bulk material handling equipment market and the burgeoning prospects for the players?
  • How will the dynamic mining and construction industry and rapidly expanding cargo transportation impact the global as well as regional bulk material handling equipment market?
  • Which is the largest and fastest-growing segment in terms of equipment type and end-user?
  • Which is the most potential geographical region or country for the overall bulk material handling equipment market?
  • How will the industrial manufacturing and packaging industries play a vital role in the overall bulk material handling equipment market in the coming years?
  • What are the market sizes and trends in developing regions such as the Asia Pacific, the Middle East, Africa, and Latin America?

Frequently Asked Question:

The market for Bulk Material Handling Equipment Market is expected to reach USD$ 56.83 Bn in 2026.

The Bulk Material Handling Equipment Market is expected to see significant CAGR growth over the coming years, at 4.5%.

The report is forecasted from 2018 -2026.

The base year of this report is 2017.

Metso Corporation, TRF Ltd., ThyssenKrupp AG, IHI Transport Machinery Co., Ltd., Hitachi Construction Machinery Co., Ltd., L&H Industrial. are some of the major players in the global market.

Choose License Type
Trusted By
Godaddy
Published Date:  Sep 2018
Category:  Building & Construction
Report ID:   59335
Report Format:   PDF
Pages:   120
Rating:    4.1 (69)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support