Bulk Material Handling Equipment Market Slowly But Steadily Gaining Momentum To Reach 56.83 Bn Mark In 2026

According to a new market research report published by Acute Market Reports “Bulk Material Handling Equipment Market (by Equipment Type: Stacker, Reclaimer, Stacker Reclaimer, Band Conveyor, Bucket Wheel Excavator, Stripping Shovel, Rope Shovel, Bucket Elevator, Ship Loader, and Bucket Crane; by End-user Industries: Mining, Construction, Industrial Manufacturing, Port & cargo Terminal, and Packaging) - Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the bulk material handling equipment market was valued US$ 38.29 Bn in 2017 and estimated to grow with a CAGR of 4.5% during the forecast period from 2018 to 2026.

Market Insights

Continuously growing population instigated the never-ending process of demand and supply system. Processes such as extraction of natural resources, construction of infrastructures, manufacturing, packaging, and cargo transportations are no exception to the scenario. The growth in the aforementioned sectors is considered the most vital factor for the growth of the bulk material handling equipment market.

The equipment used under the bulk material handling section evolved in a great deal with respect to design, functionality, and efficiency helping several end-use industries and especially the mining and construction industry. The equipment aided the mining industry to uplift itself from being the most inefficient industry. Similarly, the rapidly expanding construction industry is also heavily dependent on such equipment.

Consequently, growth construction and mining sectors encouraged the procurement of bulk material handling equipment and resulted in the growth of the market. In addition, a growing number of ports & cargo terminals and the packaging industry are playing a major role in driving the industry to a notable market value.

The complete report is available at  https://www.acutemarketreports.com/report/bulk-material-handling-equipment-market

At the present Asia Pacific is at the top of the podium thanks to contributions extended by the developing economies including China and India. China represents one of the most prominent states in world trade and is at the center of the global mining map. Consequently, it represents itself and Asia Pacific as one of the lucrative markets in the bulk material handling systems market. Other countries including India, Japan, and Australia extend their vital contribution to the market.

The market in the Asia Pacific projected to retain its dominance throughout the forecast period from 2018-2026. However, the high cost of procurement and services are causing hindrances in the growth of the bulk material handling equipment market.

Competitive Insights:

Competition in bulk material handling equipment is no less than a clash of titans as the players in the industry are some of the biggest across the globe. The face players are confronting each other in this sluggish market to maintain their supremacy. Several strategies such as long terms contracts, partnerships, and acquisitions have been adopted by these companies besides expanding their geographical presence.

Some of the most prominent players profiled in this research study include Komatsu, Metso Corporation, TRF Ltd., ThyssenKrupp AG, IHI Transport Machinery Co., Ltd, Hitachi Construction Machinery Co., L&H Industrial, Voith GmbH, Tenova S.p.A,, Techint Group, Kawasaki Heavy Industries, Ltd., and Sumitomo Heavy Industries Material Handling Systems Co., Ltd., among others.

Key Analysis Covered:
  • Most prominent practices observed in bulk material handling equipment market and growth opportunities for bulk material handling equipment manufacturers
  • Expanding cargo transportation and rapidly evolving packaging industry creating a positive environment for the growth of the bulk material handling equipment market
  • Different type and availability equipment used for bulk material handling across several end-users and their market estimations
  • Largest and fastest-growing segments in terms of equipment type and end-user
  • Lucrative geographical regions/ countries mapped for the bulk material handling equipment market.

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