Hopper Loader Market Current Insight with Future Aspect Analysis 2022 - 2030 | TMR Study
Hopper loaders are machines used to transfer any kind of material or plastic resins such as plastic regrind, plastic powders, and plastic pellets. Hopper loader comprises an integral motor that generates vacuum to deliver plastic resin material from a bulk container to a blender bin or a drying hopper.
The hopper loader machine provides automatic loading without human intervention for regrind & virgin material. The material loading is accomplished by pickup wand, which is made from aluminum or stainless-steel tube. Hopper loaders are of two types: single-phase hopper loader and three-phase hopper loader. Hopper loader includes either a brush type or brushless type motor.
The global hopper loader market is projected to expand at a rapid pace during the forecast period, due to an increase in the demand for hopper loaders from end-users
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Global Hopper Loader Market: Dynamics
Global Hopper Loader Market: Key Drivers
Rise in the adoption of technological advancements by manufactures of hopper loader for the construction of hopper loader with improved functionality and new standards, is expected to boost the hopper loader market during the forecast period
Shift from manual hopper loaders to automated hopper loaders by end-users is anticipated to further propel the hopper loader market in the next few years
Rise in the number of plastics and other manufacturing plants is indirectly expected to fuel the demand for hopper loaders during the forecast period
Stringent government regulations regarding workplace safety is also anticipated to boost the demand for hopper loaders in end-use industries during the forecast period
Rise in demand or adoption of brushless hopper loaders over brushes hopper loaders is expected to boost the demand for hopper loaders in the next few years
Hopper loaders are energy-efficient and boost plant efficiency, which is a major factor that is projected to boost the global hopper loader market in the near future
High cost of hopper loaders is a major factor hampering the usage of hopper loaders, and this factor is estimated to hinder the market during the forecast period
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Impact of COVID-19 on Global Hopper Loader Market
Increase in cases of COVID-19 across the globe is resulting in economic slowdown. The impact of COVID-19 is being witnessed in every sector of the economy, including the manufacturing industry across the globe. All manufacturing activities have been suspended across the globe during lockdown. Unavailability of raw material due to closure of borders also had a negative impact on the hopper loader market. During the COVID-19 pandemic, shutdowns or project delays due to social distancing and closure of manufacturing units are expected to result in a significant decline in total hopper loader output for 2020, which in turn is estimated to hamper the market in the next few years.
North America to Hold Major Share of Global Hopper Loader Market
In terms of region, the global hopper loader market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
North America dominated the global hopper loader market in 2019, due to the presence of a large number of food and beverage and chemical industries in the region. The U.S. is a key market in North America, due to an increase in production of chemicals in the region.
The hopper loader market in Asia Pacific is projected to expand at a rapid pace during the forecast period. This can be attributed to an increase in number of large number of plastic, pharmaceutical and food and beverages industries in China, India, and Japan.
Global Hopper Loader Market: Competition Landscape
Several local, regional, and international players are active in the hopper loader market. Hence, the market is fairly fragmented and the bargaining power of suppliers is low. The degree of competition among market players is also high. Rapid technological advancements have led to opportunities in the global hopper loader market. Market players are gradually focusing on merger and acquisition activities to develop new products and improve their existing product offerings.
Key Players Operating in the Global Hopper Loader Market:
Advanced Auxiliary Equipment, Inc.
BUDZAR Industries Inc.
Goessling USA, INC.
Jenco Controls &Export Ltd
RENMAR Plastics Machinery
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