Bulk material handling products & technologies market was valued at USD 57.60 billion in 2013 and is expected to reach USD 62.36 billion by 2020, growing at a CAGR of 1.2% from 2014 to 2020. The advancement in the mining and chemical industry has propelled the growth of bulk material handling products and technologies. The key purpose of the bulk material handling products and technologies is to transport cereals, iron ores, wood chips, limestone, coal and potash from one place to another. Powder bulk materials such as fertilizers and cement face strong demand from the agricultural and construction sectors respectively. However, mining plants have incorporated a wide range of engineered products such as stalker reclaimers, ship loaders and unloaders, travelling wagon loaders, wagon tipplers, crushers, feeders, screening equipment into their solid bulk material handling operations. The bulk material handling machineries can also be used for transporting mixed wastes. Moreover, new technologies are giving rise to modernized automated machineries for handling bulk materials and these are largely being used in the chemical industry to carefully handle the hazardous wastes. These factors are considered to positively drive the growth of global bulk material handling products and technologies market during the forecast period, i.e., from 2014 to 2020.
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The global bulk material handling products and technologies market, by application is divided into seven application segments: mining, oil and gas, chemical, agricultural farms, sawmills, paper mills and others (including construction and pharmaceutical). In terms of value, mining companies were the highest contributing segment among end-users, accounting for 29.4% of the market share in 2013. Solid bulk materials occupy a large share of market than the powder bulk materials globally accounting for 89.8% of the overall market. The industrial infrastructure and construction sector is in a developing stage in countries such as India, China and Indonesia and this is one of the key drivers of the bulk material handling products and technologies market. Besides, bulk material handling equipment are widely used in the agricultural sector to move and relocate crops and fertilizers.
The global bulk material handling products and technologies market has been broadly segmented into four regions namely North America, Europe, Asia Pacific and RoW (Rest of the World). In terms of revenue, Europe acquired the largest share of the market in 2013, accounting for 34.5% of the overall market. Requirement of bulk equipment in the construction industry, growth in mass production methods such as assembly line production and increased demand for automation in manufacturing companies are the key revenue growth drivers for Europe bulk material handling products and technologies market. Europe is closely followed by Asia Pacific which accounted for 32.4% of the global market in 2013 Growth of the mining and construction sectors and strong dependence of agriculture drives the APAC market.
Some of the leading players in the market are, ThyssenKrupp AG (Germany), F L Smidth & Co. A/S (Denmark), TENOVA (Italy), Metso (Finland), TRF Ltd (India) and SENET (South Africa) among others. The report studies the global bulk material handling products and technologies market and provides estimates in terms of revenue (USD Billion) for the forecast period from 2014 to 2020.Furthermore, the bulk material handling products and technologies market has been segmented on the basis of types and end use applications and a cross sectional analysis of the market across four geographical segments have been covered in the scope of the report.
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The market has been segmented as follows:
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: The market is broadly segmented on the basis of geography into:
- North America
- Europe
- Asia Pacific
- Rest of the World (South America, Middle East, Africa)
