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.
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Report with Full TOC at Bulk
Material Handling Products & Technologies Market
http://www.transparencymarketresearch.com/bulk-material-handling-products.html
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.
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.
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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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Press Release Of Bulk Material Handling Products & Technologies
Market
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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)
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