Drum Handling Equipment Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers

What industry-specific factors are fueling the growth of the drum handling equipment market?
The growth of the drum-handling equipment market is expected to be driven by the expanding chemical industry. This expansion involves advancements and innovations in the chemical industry, including increased financial investments into emerging fields. The use of drum handling equipment can enhance chemical handling procedures' efficiency by facilitating easy movement of drums from one place to another. This equipment also helps prevent leakages and spills by offering a stable and secure way to transfer drums. For example, the US Bureau of Labor Statistics reported in July 2023 that the US trade value of chemical manufacturing products exported in 2022 was approximately $288.0 billion, demonstrating a 13.4% increase from 2021. Consequently, the growing chemical industry is spurring the expansion of the drum-handling equipment market. The spurt in e-commerce and warehouse facilities is projected to fuel the advancement of the drum-handling equipment market. E-commerce refers to the online exchange of goods, services, money, or data, while a warehouse is a large structure for storing manufactured items or raw materials before they are shipped overseas or distributed to retail outlets. Drum handling equipment is critical to smooth operations in e-commerce and warehouse facilities as it enables the safe and efficient transportation and storage of goods. As per a report from SellersCommerce, a US-based B2B e-commerce platform, in September 2024, the total e-commerce sales in the United States in the second quarter of 2024 were approximately $291.6 billion, marking a 6.8% rise from the $273.03 billion in the same quarter of 2023. Thus, the surge in e-commerce and warehouse facilities is pushing the growth of the drum-handling equipment market.

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What Is the projected market size and growth rate for the drum handling equipment market?
The market size for drum handling equipment has shown robust growth in the past few years. The market value is forecasted to increase from $2.73 billion in 2024 to $2.93 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. This growth during the historical period can be credited to the expansion of industrial and manufacturing sectors, strict workplace safety rules, growth of the chemical and pharmaceutical industries, an uplift in oil and gas exploration and refining activities, as well as enhanced global trade and logistics.

The market size for drum handling equipment is poised for substantial expansion in the forthcoming years, predicted to reach $3.83 billion in 2029, with a compound annual growth rate (CAGR) of 6.9%. The surge in the forecast period can be credited to the escalating demand in the food and beverage sector, the expansion of the renewable energy industry, complexities in globalization and supply chain, the upsurge of e-commerce and warehousing activities, and the incorporation of the internet of things and automation. The forecast period will also witness significant trends like the progression in handling equipment technology, the blend of electric and hydraulic technologies, improvement in automated drum handling systems, a shift towards sustainable and environmentally friendly solutions, and an increasing requirement for customization and versatility.

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What are the most significant trends transforming the drum handling equipment market today?
Leading firms engaged in the drum handling equipment market are introducing unique products like stainless drums and barrel rotators, designed to cater to the need for a safe and efficient method to rotate delicate and slippery plastic drums. A tailor-made equipment, the stainless-steel drum, and barrel rotator are conceptually created to spin drums and barrels. For example, Packline Materials Handling, a UK-based business specialising in industrial machinery production, unveiled a Stainless Drum and Barrel Rotator in March 2022. This multi-purpose device is useful for handling diverse drums and barrels filled with food ingredients. It consists of a frame equipped with a powered lifting mechanism and a rotating drum attachment. This lifting device is capable of lifting drums weighing up to 200kg. The rotating drum attachment is designed to tightly hold the drum, ensuring its safety from slipped. Furthermore, this apparatus serves as a permanent-stop position for managing food ingredients, making it an essential asset for companies in the food sector. It guarantees a safe, effective, and flexible equipment solution for handling food ingredient-filled drums in various scenarios.

What major market segments define the scope and growth of the drum handling equipment market?
The drum handling equipment market covered in this report is segmented -

1) By Type: Manual Drum Handling Equipment, Automatic Drum Handling Equipment
2) By Distribution Channel: Direct, Indirect
3) By Application: Food, Chemicals, Pharmaceutical, Industrial, Other Applications

Subsegments:
1) By Manual Drum Handling Equipment: Drum Lifters, Drum Trolleys, Drum Rollers, Drum Cradles
2) By Automatic Drum Handling Equipment: Automated Drum Dispensing Systems, Robotic Drum Handling Systems, Electric Drum Lifters, Conveyor Systems For Drums

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Which region dominates the drum handling equipment market?
Asia-Pacific was the largest region in the drum handling equipment market in 2024. The regions covered in the drum handling equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which key market leaders are driving the drum handling equipment industry growth?
Major companies operating in the drum handling equipment market report are Komatsu Ltd., Wesco Industrial Products LLC, KION Group AG, Jungheinrich AG, Hyster-Yale Group Inc., Crown Equipment Corporation, Hangcha Group Co. Ltd., Lonking Holdings Limited, SSI SCHAEFER Group, Beumer Group GmbH, RUD Group, METO Systems Inc., EP Equipment Co. Ltd., Flexicon Corporation, Beacon Industries Inc., Pentalift Equipment Corporation, Greenfield Products LLC, Valley Craft Industries Inc., BHS Inc., Morse Manufacturing Co. Inc., Lift Products Inc., Material Flow and Conveyor Systems Inc., Ruger Industries Inc., Wuxi Tongyang Machinery Technology Co. Ltd., Drum Runner Material Handling Co., Easy Lift Equipment Company Inc., Eastwest Engineering & Electronics Pvt. Ltd., KIJEKA Engineers Pvt Ltd., Liftomatic Material Handling Inc.

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What Is Covered In The Drum Handling Equipment Global Market Report?

• Market Size Forecast: Examine the drum handling equipment market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the drum handling equipment market for a structured understanding.
• Key Players Overview: Analyze major players in the drum handling equipment market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the drum handling equipment market.
• Segment Contributions: Evaluate how different segments drive overall growth in the drum handling equipment market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the drum handling equipment market.
• Industry Challenges: Identify potential risks and obstacles affecting the drum handling equipment market.
• Competitive Landscape: Review strategic developments in the drum handling equipment market, including expansions, agreements, and new product launches.

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