Bucket Elevator Market Revenue, Growth Rate, Demand, Trends and Forecast to 2028

The Bucket Elevator Market is projected to reach US$ 1,571.40 million by 2028, growing at a CAGR of 6.9% from 2022 to 2028.

Bucket elevators present a simple but efficient method of elevating free-flowing and semi-free-flowing bulk materials. Their characteristic simplicity makes them a popular choice for bulk material handling and processing applications in fertilizer plants. Bucket elevators are used to move ore at mining sites and dispatch finished products from a fertilizer plant. Centrifugal belt-style elevators are mostly utilized for high-capacity tasks that require moving large quantities of material quickly.

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Analysis of the Top Market Players:

1. BEUMER Group GmbH & Co KG
2. FEECO International Inc
3. Gough & Co (Engineering) Ltd
4. KWS Manufacturing Co Ltd
5. Motridal SpA
6. Skandia Elevator AB
7. Sukup Manufacturing Co
8. Satake Corp
9. Ryson International Inc
10. AGCO Corp

In this report, the market has been segmented on the basis of:

Type (Centrifugal Discharge Elevators, Continuous Discharge Elevators, and Positive Discharge Elevators)
Capacity (Upto 350 Cubic Feet Per Hour, 351-830 Cubic Feet Per Hour, 2001-2800 Cubic Feet Per Hour, 831-2000 Cubic Feet Per Hour, and Above 2801 Cubic Feet Per Hour)
Industry (Construction, Agriculture, Mining, Fertilizers and Chemicals, Energy and Utilities, Paper and Pulp, and Others)

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Further, a centrifugal-chain elevator is often used for moving ore at a mine site as it allows for greater capacity and is more rugged than belt-style elevators. For superhigh-capacity handling, a double-chain configuration is often employed. Most bucket elevators supplied to the fertilizer industry have higher corrosion and abrasion resistance, as compared to those utilized in other industries. This is because materials used in the production of fertilizers have corrosive qualities, due to which they can cause excessive premature wearing of the buckets. Similarly, abrasion is a prevalent concern for many fertilizer manufacturers, particularly on the mining and ore-handling sides. With a rising population and growing demand for major crops, there is a steep rise in the consumption of fertilizers globally. The use of bucket elevators in fertilizer manufacturing plants is increasing with a rise in fertilizer demand and production, which bolsters the bucket elevator market growth.

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