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

10-21-2016 04:06 PM CET | Industry, Real Estate & Construction

Press release from: TMR Research Reports

The global bulk material handling products and technologies market has been covered under the scope of this report. Bulk material handling products are the machines specially designed to move, relocate, store, and dispense bulk materials such as iron ore, coal, cereal, gravel, stone, sand, and woodchips. These products include excavators, conveyor belts, stackers, reclaimers, bucket elevators, ship loaders, and hoppers. The advancement in the mining and chemical industry has propelled the growth of bulk material handling products and technologies. Bulk material handling equipment is capable of storing and moving bulk products such as limestone, wood chips, coal and potash among others. Thus, these equipment are highly used in mines, agricultural farms, shipyards and refineries. The primary purpose of the bulk material handling products and technologies is to transport cereals, iron ores, wood chips and coal from one place to another. Moreover, new technologies are giving rise to modernized, automated machineries for handling bulk materials and these are largely being used in the chemical industry to carefully handle the wastes. Bulk material handling equipment such as conveyor belts, screw conveyors, mobile and semi mobile crushers, heap leaches, elevators, hoppers, reclaimers and stackers are widely used in the mining and construction sectors globally.

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Global bulk material handling products and technologies market is primarily driven by factors such as growth of industrial infrastructure and construction sector in emerging markets, increase in industry automation and increase in mass production methodology and assembly line concept. Furthermore, industrial infrastructure and construction sectors are witnessing high demand for bulk material handling equipment in developing countries such as China, India, Indonesia and others, driven by large spending for new capacity of existing plants. The increase in automation in the manufacturing sector is driving the growth of the market as the bulk material handling equipment is an integral part of the automation process. Moreover, increase in mining activities, growth in the agricultural sector and innovations in bulk material handling products and technologies are driving the expansion of this market. Considering all these positive impacts, demand for bulk material handling products and technologies is set to rise during the forecast period, i.e., 2014 to 2020.

The global bulk material handling products and technologies market has been broadly segmented into four regions, North America, Europe, Asia Pacific and RoW (Rest of the World). In terms of revenue, Europe acquired the largest share of the market in 2013 followed by Asia Pacific. Rise in the demand for bulk material handling products and technologies has been observed in mining and construction sectors.The key factors that are driving the growth of the bulk material handling equipment market in Europe are growth in mass production methods such as assembly line production, increasing demand for automation in manufacturing companies, and the requirement of bulk equipment in the construction industry. Growth of bulk material handling products and technologies market in Asia-Pacific region can be attributed to the high dependence on agricultural activities and demand for bulk material in the mining industry.

The global bulk material handling products and technologies market, by end users industry is bifurcated into seven segments, namely mining, oil and gas, chemical, agricultural farms, sawmills, paper mills and others (including construction and pharmaceutical). The growth of market for bulk material handling products and technologies in the mining industry is driven by factors such as advancement in mining technologies and increase in the import and export of ores and minerals. Expansion of commercial farmlands and strong dependence of the developing countries on agriculture is driving the growth of bulk material handling products and technologies market in the agricultural sector.

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Some of the leading players in the market are, ThyssenKrupp AG (Germany), FLSmidth & Co. A/S (Denmark), TENOVA (Italy), Metso (Finland), TRF Ltd (India) and SENET (South Africa) among others.

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

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