Bulk Material Handling Products & Technologies Market Share 2024

1. Global Bulk Material Handling Products Market - Transparency Market Research March 07, 2022 The leading players in the global bulk material handling products market are ThyssenKrupp AG, Metso, FLSmidth & Co. A/S, and Tenova. These companies accounted for close to 50% of the global market in 2013, with ThyssenKrupp AG and Metso particularly dominant in developed economies. The share of multinational companies is relatively smaller in developing economies, though there aren’t many regional candidates likely to upstage them in the near future.  The global bulk material handling products market was valued at US$57.6 bn in 2013. According to Transparency Market Research, the market is likely to exhibit a 1.20% CAGR from 2014 to 2020, with the market’s valuation expected to exhibit a corresponding increase to US$62.4 bn. Europe to Retain Dominance in Production of Bulk Material Handling Production  Geographically, Europe was the leading market for bulk material handling products in 2013, holding a 34% share in the market.  Request a Sample- https://www.transparencymarketresearch.com/sample/sample.php? Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

2. flag=S&rep_id=3816 “The regional hierarchy of the global market, with Asia Pacific and North America following Europe with shares of more than 25%, is unlikely to change drastically in the 2014-2020 forecast period thanks to the slow spread of advanced infrastructure in emerging economies and the looming market stagnation in Europe and North America,” said TMR’s lead analyst.  The dominant part of the demand for bulk material handling products comes from the mining, chemicals, and agriculture industries. Mining, in particular, is a key end-use sector for the bulk material handling products industry, with the share of the mining sector in the bulk material handling products market expected to remain just below 30% through the 2014-2020 forecast period.  Booming Construction Sector in Emerging Economies to Generate Demand for Bulk Material Handling Products  One of the prime drivers for the global bulk material handling products market is the steady growth of the infrastructure and construction sectors in emerging economies such as India, China, Indonesia, Thailand, and South Korea. Construction work requires high-volume transportation of several materials, leading to significant demand from the global bulk material handling products market.  The smooth expansion of the industrial sector in these and other developing countries is another key driver for the bulk material handling products market. The rising prosperity of urban consumers in the developing world has led to growth in the demand for several commodities and end products, necessitating significant expansion Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

3. in the manufacturing capacities of existing plants. This has generated a growing demand for bulk material handling products. The vast unmet needs in populous countries such as India and China mean that the bulk material handling products market is likely to exhibit smooth, if unspectacular, growth in the coming years.  Ask for Brochure- https://www.transparencymarketresearch.com/sample/sample.php? flag=B&rep_id=3816 The rapid advances made in agricultural production over the last few decades have also generated significant demand for bulk material handling products. Due to the rising global population, the demand for food has increased steadily, necessitating the development of high-yield production techniques and various solutions to minimize the wastage of the produce due to natural and human factors. With the global population growth showing no signs of slowing down, agriculture is likely to remain an influential end-use sector for the bulk material handling products industry in the coming years.  High Initial Investment Costs to Restrict Expansion of Bulk Material Handling Products Market  The key constraint on the global bulk material handling products market is the high initial investment required to set up a strong bulk material handling products business. The bulk material handling products industry is intrinsically resource-intensive, which represents a significant setback for new market players.  Request the coronavirus impact analysis- https://www.transparencymarketresearch.com/sample/sample.php? Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

4. flag=covid19&rep_id=3816 In spite of the position of Asia Pacific as a leading market for bulk material handling products, the lack of the updated infrastructure required to implement advanced bulk material handling processes has held the regional market back. The high volume of the demand for bulk material handling products from Asia Pacific has so been sufficient to establish it as a leading market, but the expected incorporation of advanced infrastructure could give the APAC market an immense boost. This is also a concern for the bulk material handling products market in other emerging areas such as Latin America and the Middle East.  Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD