Slag Handling Machine Market by Type, Application, Forecast, 2020–2027 | Covid-19 Impact, Global Industry Insights & Future Growth Opportunity

Slag Handling Machine Market Outlook - 2027

Material handling involves providing solutions to the problems involved in the protection of materials, movement of goods throughout the process of preparation, manufacturing, and disposal of any goods in a factory. One of them is slag handling equipment that is used in various industries for ease of work. Slag handling equipment is known to be authentic, effective, and high-performance industrial equipment that is used for handling heavy materials in the manufacturing sector.

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Slag is an industrial product classified as per iron content that is non-ferrous slag and ferrous slag. This equipment plays an essential role in various manufacturing industries, including glass manufacturing, construction, and building, mining, and railroad industry, which is expected to fuel the demand for slag handling equipment during the review period across the globe. Moreover, slag handling equipment is used for upstream as well as downstream product handling, to expedite heavy material handling in incineration plants, which is expected to fuel the growth of the market.

Top Impacting Factors:

The "Global Slag Handling Equipment Market Analysis to 2027" is a specialized and in-depth study of the slag handling equipment market with a special focus on the global market trend analysis. The report specifies an overview of the slag handling equipment market with detailed market segmentation by application, industry, and region. The global slag handling equipment market is expected to see high growth during the forecast period. The report provides key statistics on the market status of the leading slag handling equipment market players and offers key trends and opportunities in the slag handling equipment material.

Bulk load material handling system and unit load material handling system are two types of material handling equipment. The advantage of handling multiple items at a time offered by unit loads contributes to the increase in adoption in the manufacturing sector. Thus, the unit load material handling system segment is expected to gain high traction.

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Growth factors

An increase in infrastructure and industrial activities in developed and developing economies is anticipated to fuel the growth of the slag handling equipment market. In addition, governments across the world focus on increasing their infrastructural development activities to build rail networks, seaports, new airports, and power plants, and also plan to upgrade the existing ones. For such development, there is a requirement for slag handling equipment.

This is one of the major factors that boosts the growth of the slag handling equipment market globally. Increase in use of slag handling equipment in the steel and iron industry to handle high thermal and mechanical loads is expected to propel the growth of the market. Surge in usage of slag handling equipment in manufacturing units for managing, storing, handling, and transporting goods and materials is anticipated to fuel the growth of the slag handling equipment market during the forecast period.

By Region

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

Key Players

AFEX Fire Suppression Systems, ALTA, American Crane and Equipment Corp, BHS-Sonthofen., Dongqi Group, Harsco Corporation, HORN & CO. GROUP, Kompass International, Konecranes, L&T Construction., Levy, Paling Transporter, RHC Deutschland GmbH, RÖGER Greifertechnik

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