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Global Bulk Material Handling Products and Technologies Market to Reach US$62.3 bn by 2020 owing to Increasing Demand from Mining Companies

Posted on Feb 03, 2016

Transparency Market Research has published a new report on the global bulk material handling products and technologies market. The report states that the global bulk material handling products and technologies market is predicted to expand at a 1.20% CAGR during the period from 2014 to 2020. The report, titled ‘Bulk Material Handling Products & Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020’, states that the global bulk material handling products and technologies market is predicted to progress from US$57.6 bn in 2013 to US$62.3 bn by 2020.

Browse the full Bulk Material Handling Products & Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at https://www.transparencymarketresearch.com/bulk-material-handling-products.html

Bulk material handling products and technologies have the capacity to store and move bulk products at ease and thus are used in shipyards, refineries, agricultural farms, and mines. The primary goal of bulk material handling products and technologies is to offer automated machinery for transporting and handling bulk materials and minimize waste. Bulk material handling products and equipment such as screw conveyors, conveyor belts, heap leaches, reclaimers, hoppers, and elevators are used in the construction and mining sectors across the globe. In 2013, mining companies accounted for 29.4% of the global bulk material handling products and technologies market.

Bulk material handling products and technologies are used across many industries, especially for the easy transportation of various products such as wood chips, iron ores, and limestone. The rapid growth of the construction and industrial sectors in emerging nations is predicted to propel the global bulk material handling products and technologies market in the next five years. Low use of advanced bulk material handling technologies and their high initial investment cost are the two factors expected to restrict the growth of the global bulk material handling products and technologies market during the forecast period. However, the increasing demand for advanced bulk material handling products and technologies from the food and beverages industry and the pharmaceutical industry is predicted to create new growth opportunities for the global bulk material handling products and technologies market in the years to come.

The global bulk material handling products and technologies market is driven by the development of the construction sector and advancements in industrial infrastructure in emerging nations. The rise in mass production methodology is further predicted to create growth opportunities for the global bulk material handling products and technologies market in the years to come. Growth in the agricultural sector, advancements in automation processes, and rise in mining activities are some other factors expected to propel the global market for bulk material handling products and technologies.

By geography, the global bulk material handling products and technologies market is divided into North America, Asia Pacific, Europe, and Rest of the World. In 2013, in terms of revenue, Europe dominated the global bulk material handling products and technologies market, followed by Asia Pacific. ThyssenKrupp AG (Germany), TENOVA (Italy), TRF Ltd (India), SENET (South Africa), FLSmidth & Co. A/S (Denmark), and Metso (Finland) are some of the leading companies in the global bulk material handling products and technologies market.

Based on type, the global bulk material handling products and technologies market is classified into powder materials and others. In 2013, the solid bulk materials segment accounted for 89.8% of the global bulk material handling products and technologies market.

Key Segments of Global Bulk Material Handling Products and Technologies Market

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: 

  • North America (the United States, Canada, Mexico)
  • Europe (United Kingdom, Germany, France, Italy)
  • Asia Pacific (China, India, Japan, Taiwan, South Korea)
  • Rest of the World (South America, Middle East, Africa)

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