Press release
Global Bulk Material Handling Products and Technologies Market to 2025: ThyssenKrupp AG (Germany), Metso Corporation (Finland), FLSmidth & Co. (Denmark), TRF Ltd. (India)
Increase in demand for different types of bulk material handling products such as conveyor belts, stackers, reclaimers, and spreaders for process automation across various industries has fueled the growth of the market for Bulk Material Handling Products and Technologies. 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. 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.
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Furthermore, the need of assembly line in the manufacturing sector is also driving the bulk material handling products and technologies market. In addition, pharmaceutical industry needs bulk material handling products for product containment, feeding reactors and stirrer containers with basic chemicals. Moreover, with the growing need for automation in manufacturing industry, it creates a huge demand for material handling equipment.
In order to carry out the automation process, manufacturers need bulk material handling equipment. 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. 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. Thus, increasing global demand for mining activities and production automation is fueling growth of the bulk material handling products and technologies market. However, high initial cost and low technological penetration are the major restraints in the growth of global bulk material handling products & technologies market.
The companies involved in this market are concentrating on new product innovation through research and development activities along with strategic alliances with other companies for increasing product portfolio is one of the major strategies adopted by the companies. Some of the leading players of the market are ThyssenKrupp AG (Germany), Metso Corporation (Finland), FLSmidth & Co. (Denmark), TRF Ltd. (India), Tenova S.p.A (Italy), SENET (South Africa), Voith GmbH (Germany) among others.
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The global bulk material handling product and technologies market has been segmented as follows:
By Types
Powder Materials
Material Feeding Systems
Weighing Systems
Conveying Systems
Screening Systems
Others (including iron ores, wood chips and coal, etc.)
By End Users
Chemical
Construction
Energy
Food & Beverages
Mining
Metals
Oil and Gas
Pharmaceuticals
Plastics
Others
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By Region
North America
The U.S.
Canada
Mexico
Europe
The U.K.
Germany
Italy
France
Rest of Europe
Asia Pacific
China
Japan
Taiwan
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