Bulk Material Handling Products and Technologies Market: Growing Demand from Mining Companies to Increase the Market Valuation to US$62.36 billion by 2020

According to a recent report published by Transparency Market Research, the global bulk material handling products and technologies market is expected to grow at a CAGR of 1.2% during the period between 2014 and 2020. The report, titled “Bulk Material Handling Products & Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” estimates the market, which was worth US$57.60 billion in 2013, is expected to be valued at US$62.36 billion by the end of 2020.According to the report, the rapid growth of the industrial and construction sectors in emerging markets is expected to propel the global bulk material handling products and technologies market, especially for the transportation of products such as iron ores, wood chips, coal, and limestone. Increased industrial automation along with increase in mass production methodology and assembly line concept will further boost the market. However, the report points out that high initial investment and lesser use of advanced bulk material handling technologies will restrain the market. The global bulk material handling products and technologies market has a huge opportunity to grow with increased demand from pharmaceutical, and food and beverage sectors.

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On the basis of types, the report segments the global bulk material handling products and technologies market into powder materials and others. Solid bulk materials account for 89.8% of the market. However, the growing demand for powder bulk materials such as fertilizers and cement, from agricultural and construction sectors will drive the market during the forecast horizon.The report segments the bulk material handling products and technologies market on the basis of end-use industries such as oil and gas companies, mining industries, agricultural farms, chemical companies, saw mills, paper mills, and others including construction and pharmaceutical industries. In 2013, mining companies accounted for 29.4% of the overall market and emerged as the largest end user segment. In mining plants, a large number of equipment such as ship loaders and unloaders, stalker reclaimers, wagon tipplers, feeders, crushers, and travelling wagon loaders are transported through bulk material handling operations. Bulk material handling equipment are increasingly in demand from agricultural sector.

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The report studies the global bulk material handling products and technologies market in four key regions: Europe, North America, Asia Pacific, and Rest of the World. Europe dominated the market in 2013 and accounted for a 34.5% share in the overall market. Europe’s dominance in the market can be attributed to the requirement of bulk equipment in the construction industry and the growing demand for automation from the manufacturing companies in the region. Asia Pacific closely followed Europe in the bulk material handling products and technologies market with a 32.4% share in 2013. In countries such as India, Indonesia, and China, industrial infrastructure and construction sectors are rapidly growing and this has boosted the bulk material handling products and technologies market in Asia Pacific.The report profiles some of the key players in the global bulk material handling products and technologies market such as Tenova, TRF Ltd., SENET, and Metso Corporation.

The research study has been segmented as below:

Bulk Material Handling Products and Technologies market, by Types:

Powder Materials
Others (including iron ores, wood chips and coal, etc.)

Bulk Material Handling Products and Technologies market, by End Users:

Mining
Oil and Gas
Chemicals
Agricultural Farms
Sawmills
Paper Mills
Others (including construction and pharmaceuticals)

Bulk Material Handling Products and Technologies market, by geography: The market is broadly segmented on the basis of geography into:

North America
Europe
Asia Pacific
Rest of the World (South America, Middle East, Africa) 

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This release was published on openPR.