2025 Drum Handling Equipment Market Outlook: Key Indicators Shaping Growth Through 2034

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What Will the Drum Handling Equipment Industry Market Size Be by 2025?
Over the past few years, the drum handling equipment market has exhibited robust growth. The market size is projected to go from $2.73 billion in 2024 to $2.93 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.4%. Industrial expansion and manufacturing activities, rigorous occupational safety regulations, the growth of the chemical and pharmaceutical sectors, an increase in oil and gas exploration and refining, and a surge in international trade and logistics have contributed to the market's growth during the historic period.

What's the Long-Term Growth Forecast for the Drum Handling Equipment Market Size Through 2029?
The market size of drum handling equipment is anticipated to witness significant growth in the upcoming years, rising to $3.83 billion by 2029 with a compound annual growth rate (CAGR) of 6.9%. The projected growth during the forecast period is attributed to the increasing demand in the food and beverage sector, the growth of the renewable energy industry, the complexities of globalization and supply chain, and the upsurge in e-commerce and warehousing activities, as well as the integration of the Internet of Things (IoT) and automation. Key trends for the prediction period entail technological progress in handling equipment, the amalgamation of electric and hydraulic technologies, the evolution of automated drum handling systems, an emphasis on sustainable and eco-friendly solutions, and a growing appetite for customization and versatility.

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What Are the Key Growth Drivers Fueling the Drum Handling Equipment Market Expansion?
The growth of the drum-handling equipment market is likely to be boosted by the burgeoning chemical industry. The term 'expansion of the chemical industry' implies the advent and development in the chemicals sector, which includes significant investments in innovative fields. Drum-handling devices augment the productivity of chemical handling procedures by facilitating the easy transportation of drums from one area to another. These devices ensure spill and leak prevention by providing a reliable and stable mechanism for drum mobility. For instance, the U.S. Bureau of Labor Statistics reported in July 2023 that the US trade value of manufactured chemicals produced a growth of 13.4% compared to 2021, with exports worth $288.0 billion in 2022. Thus, the augmenting chemical industry is propelling the drum-handling equipment market's growth. Drum Handling Equipment Market Driver: The Drum Handling Equipment Market Augmented by the Expansion of E-Commerce and Warehouse Facilities

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What Are the Key Trends Driving Drum Handling Equipment Market Growth?
Key players in the drum handling equipment market are introducing unique products, like stainless drums and barrel rotators, catering to customers' need for equipment capable of safely and efficiently rotating delicate and slick plastic drums. A specialized equipment created to rotate drums and barrels is the stainless-steel drum and barrel rotator. For example, Packline Materials Handling, an industrial machinery manufacturer based in the UK, debuted a Stainless Drum and Barrel Rotator in March 2022. This multi-functional piece of equipment is capable of handling various types of drums and barrels containing food ingredients. It includes a frame featuring a lifting device and a rotating drum attachment. The lifting mechanism, powered by a motor, can hoist drums weighing up to 200kg. The rotating drum addition is designed to firmly hold the drum and avert it from slipping. Furthermore, this equipment acts as a fixed-stop position for handling food materials. This tool offers immense value to the food industry sector. It's a reliable, effective, and flexible piece of machinery apt for handling food ingredient drums in various contexts.

How Is the Drum Handling Equipment Market Segmented?
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 Companies Are Leading the Charge in Drum Handling Equipment Market Innovation?
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.

Which Regions Are Leading the Global Drum Handling Equipment Market in Revenue?
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

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