The
global bulk material handling products and technologies market has
been propelled by the growth in the chemical and the mining
industries. The bulk material handling products and technologies
include stationary machineries such as screw conveyors, conveyor
belts, stackers, bucket elevators, reclaimers, truck dumpers, wagon
tipplers and railcar dumpers, ship loaders, diverters, and hoppers
and multiple mobile equipment such as loaders and several shuttles,
together with storage facilities such as storage silos, stockyards,
or stockpiles. The advanced bulk material handling products and
technologies feature incorporate bulk storage, transmission, and
delivery.
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The
main purpose of the bulk material handling products and technologies
is to ship iron ores, cereals, wood chips, coal, limestone, and
potash from one location to another. The demand for powdered bulk
materials such as cement and fertilizers is very strong from the
construction and agricultural industries, respectively. The mining
facilities have included a broad array of engineered products such as
stalker reclaimers, loaders and unloaders of ship, wagon tipplers,
travelling wagon loaders, crushers, screening equipment, and feeders
into their concrete bulk material handling processes.
The
bulk material handling machineries are also utilized for transporting
mixed wastes. Going further, innovative technologies are giving rise
to advanced automated devices for handling bulk materials. These
devices are mostly being employed in the chemical industry for the
careful handling of the perilous wastes. These factors are expected
to amplify the growth in the global market for bulk material handling
products and technologies significantly during period of 2014 to
2020.
Emerging
Industrial Infrastructure and Construction industry in Asia Boosts
Global Market Development
The
industrial infrastructure and construction industry is in an emerging
stage in Asian nations such as China, India, and Indonesia. This is
one major factor that is driving the global bulk material handling
products and technologies market. Besides this, bulk material
handling products and technologies are broadly employed in the
agricultural market to relocate and transport crops and fertilizers
that has catered for the growth in this market over the years.
The
global market for bulk material handling products and technologies
was worth US$57.60 billion in 2013. It is estimated to reach US$62.36
billion by 2020, increasing at a 1.2% CAGR during the period of 2014
to 2020.
The
powder material market and the market for other materials such as
iron ores, wood chips, and cola are the main segments of the global
bulk material handling products and technologies industry. The other
bulk materials market accounts for a larger share of market compared
to the powder bulk materials across the globe occupying 89.8% of the
entire market.
On
the basis of end-use application, the bulk material handling products
and technologies industry is classified into oil and gas, mining,
chemical, paper mills, sawmills, agricultural farms, and others such
as pharmaceutical and construction. The mining industry was the
highest contributing segment between end users, holding 29.4% of the
total market share in 2013.
North
America, Europe, Asia Pacific and Rest of the World are the four
regional markets of the global bulk material handling products and
technologies industry. Europe generated the highest revenue for this
market in 2013, holding 34.5% of the entire bulk material handling
products and technologies industry. The demand of bulk equipment in
the construction industry, the development in mass production
methods, and the rise in the demand for automation in manufacturing
industry are the main forces driving the growth in bulk material
handling products and technologies industry in Europe. The European
market is followed by the bulk material handling products and
technologies market in Asia Pacific that held 32.4% of the overall
market in 2013.
Continuous
Development in Food and Beverages Market to Propel Market Growth in
Future
The
leading players in the global bulk material handling products and
technologies market are Germany based ThyssenKrupp AG, Danish firm F
L Smidth & Co. A/S, Italian firm TENOVA, Finnish company Metso,
India based TRF Ltd., and South African enterprise SENET.
The
future of the global market for bulk material handling products and
technologies are seemingly thriving due to the continuous development
in food and beverage industry coupled with the rise in pharmaceutical
industry as well as the active pharmaceuticals ingredient (API).
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