Bulk Material Handling System Market

2021 Analysis and Review: Bulk Material Handling System Market by Application – Mining, Packaging, Construction, Manufacturing, and Sea Ports & Cargo Terminals for 2021 – 2031

Bulk Material Handling System Market Snapshot

As per Future Market Insights (FMI) analysis, the bulk material handling system market revenue is expected to reach US$ 5.1 Bn in 2021. Incorporation of remote user connectivity and interface in equipment and use of telematics based services by original equipment manufacturers (OEMs) will drive the market, yielding a year-on-year growth of 2.10% in 2021.

The global sales of bulk material handling system are forecast to grow from 13,000 units in 2021 to over 14,000 units by the end of 2031. FMI projects moderate growth for bulk material handling system market at an overall compound annual growth rate (CAGR) of 2% between 2021 and 2031.

Key Points Covered in Bulk Material Handling System Market Study

  • Market estimates and forecast 2021 – 2031
  • Key drivers and restrains impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competitive Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact On Bulk Material Handling System Market
  • Recommendation on Key Winning Strategies

Bulk Material Handling System Market Historic Outlook In Comparison to 2021 – 2031 Forecasts

The demand for proper housing and infrastructural development is rising consistently, which will create prospects for expansion of the bulk material handling system market. According to FMI, the market exhibited a CAGR of 1.10% between 2016 and 2020. 

Increasing mining activities will increase the demand for handling and transport of mined materials and equipment’s. As mining sector is growing in emerging economies, market players are focusing on penetrating these new markets with product launches and supply in such regions.

In October 2020, electric rope shovel from Komatsu Mining named “P&H 2300XPC” was delivered to a major Russian gold mine in Tenkinsky District of the Far East Magadan region. The excavator is used for stripping operations.

Market players are working towards integrating modern techniques like machine learning and automation with the material handling systems to gain the upper hand in this highly competitive market.

In 2021, Thyssenkrupp Industrial Solutions launched new autonomous bucket wheel stacker reclaimer and hybrid train load out station for handling bulk materials in shipping yards. They use artificial intelligence and automation to enhance bulk materials handling performance.

Increasing mining and construction activities due to rapid urbanization and surge in infrastructural projects is a prime factor driving the growth of the market. As per FMI, the market will rise at 2% CAGR between 2021 and 2031.

Key Factors Shaping Bulk Material Handling Systems Market

Increasing Infrastructural Projects to Create Lucrative Opportunities

With the rise in infrastructural projects and economic development worldwide, material handling equipment is gaining more acceptance. Rapid infrastructural development activities are creating a demand for construction and mining equipment with increased efficiency and productivity.

This fueling sales of heavy-duty off road vehicles for moving debris and other construction aggregate materials, as well as transport raw ore from one place to another efficiently. Construction sector is one of the major giant playing an important role in any countries economic development, and every country spends significantly for the same. Consequently, numerous players are aiming to enter this sector. 

Recovering Mining Industry to Support Market Growth

Mining, construction, and oil & gas industries have witnessed a significant decline during the first half of the decade. Geo-political factors, trade wars, unstable governments have affected these industries in various countries. The mining industry forms the crux of the economy in countries like Chile, Venezuela, and Peru.

Moreover, the mining industry accounts for 33% of the total energy consumption market globally. Recent trends have witnessed a resurgence of the mining industry in major countries. Moreover, a 53% rise in mining activities is anticipated in the next decade, which will led to an increase in demand for bulk material handling systems. 

Rising Concern regarding Waste Management to Boost Sales

Growing concern regarding adverse environmental impact of various industries influences consumers to show an inclination towards waste recycling and management. Recycling waste is proving to be significantly successful in offering several environmental benefits such as reduction of greenhouse gases resulting from landfills, and conservation of natural resources.

This accomplishment is due to the combined effort of public and private sectors.  Hence, bulk material handling systems are gaining traction on a large-scale, especially in the privately operated sectors, and composting sites. This augments the demand for bulk material handling systems.

Bulk Material Handling Systems Market: Structure Analysis

The global bulk material handling systems market is estimated to be fragmented, owing to the number of players in the industry and also due to the prevalence of rental services at the global level.

In the global bulk material handling systems market, major shareholders are offering an extensive range of products, and have footprint in almost all the regions. On the other hand, rest of the competitors are engaged in offering a few bulk material handling system solutions with a limited presence.      

Manufacturers operating in the bulk material handling systems market are focusing on business expansion through acquisitions to strengthen their market position.

In July 2017, FLSmidth entered into an agreement to acquire mining Systems operations of Sandvik AB, with an aim to expand its product offering and bulk material handling systems market reach.

In 2017, Hitachi Construction Machinery Co., Ltd. acquired Bradken limited, a major manufacturer and supplier of bulk material handling systems products for mining, transport, general industrial and contract manufacturing markets.

Major manufacturers in the bulk material handling systems market are Thyssenkrupp, Techint Group, FL Smidth, Hitachi Construction Machinery Co., Liebherr Group, IHI Transport Machinery Co., Ltd., Kawasaki Heavy Industries, Ltd., Komatsu, Sumitomo Heavy Industries Material Handling Systems Co., Ltd., L&H Industrial, Schenck Process Holding GmbH, Metso Corporation, Satake Corporation, Beumer Group, and Motridal S.p.A.

This list is indicative - full details about prominent bulk material handling system manufacturers is available upon request

Bulk material handling system Market – Report Scope

Attribute

Details

Forecast Period

2021 – 2031

Historical Data Available for

2017 – 2027

Market Analysis

US$ Mn for Value & Units for Volume

Key Regions Covered

North America, Latin America, Europe, Asia Pacific, and Middle East & Africa

Key Countries Covered

U.S., Canada, Brazil, Mexico, Argentina, Germany, Italy, France, U.K., Spain, India, Thailand, Malaysia, Singapore, Australia & New Zealand, China, Japan, South Korea, GCC, South Africa, Nigeria and Israel

Key Segments Covered

By Application type, By Equipment type, and By Region

Key Companies Profiled

  • Thyssenkrupp
  • Techint Group
  • FL Smidth
  • Hitachi Construction Machinery Co.
  • Liebherr Group
  • IHI Transport Machinery Co., Ltd.
  • Kawasaki Heavy Industries, Ltd.
  • Komatsu
  • Sumitomo Heavy Industries Material Handling Systems Co., Ltd.
  • L&H Industrial
  • Schenck Process Holding GmbH
  • Metso Corporation
  • Satake Corporation
  • Beumer Group
  • Motridal S.p.A.

Report Coverage

Market Overview, Market Background, Market Forecast, Segmental Analysis, Regional Profiling and Competition Analysis

Customization & Pricing

Available upon Request

Key Questions Answered in the Report

  • What is bulk material handling system market size?

    Driven by increasing urbanization, infrastructural development and mining, the bulk material handling system market size is forecast to reach US$ 5.1 Bn in 2021

  • At what rate did the bulk material handling system market expand in the last five years?

    Between 2016 and 2020, the bulk material handling system market slowly expanded at a 1.10% CAGR.

  • What are the key trends shaping the bulk material handling system market?

    Incorporation of remote user connectivity and interface in equipment and use of telematics based services by OEMs are the key trends observed in the market.

  • What are the key factors driving bulk material handling system market demand?

    Rising coal and iron ore mining activities in Asia will remain the chief growth driver. The market also will gain from increasing infrastructural development in emerging economies.

  • What is the North America bulk material handling system market outlook?

    Demand registered in North America will continue rising, backed increasing bulk material handling system operations for housing projects in the U.S. and Canada, the North America market will expand at 1.90% CAGR during 2021 to 2031.

  • Who are the leading companies in bulk material handling system market?

    Hitachi Construction Machinery Co.,Thyssenkrupp, IHI Transport Machinery Co., Ltd., Kawasaki Heavy Industries Ltd., Liebherr, Mteso Corporation, and Sumitomo Industries are the top six companies in the market.

  • What is the cumulative share of top companies in bulk material handling system market?

    Top players account for nearly 40% of the bulk material handling system market share as of 2021.

  • At what rate will bulk material handling system sales increase in Europe?

    Bulk material handling system sales will increase at 1% CAGR in Europe, backed by increasing construction activities in the U.K., Germany, and other countries.

  • Which are the top countries driving bulk material handling system market demand?

    Leading countries driving demand in the bulk material handling system market are the U.S., Australia, China and India.

  • What are the key statistics for bulk material handling system market in Japan and South Korea?

    Japan and South Korea held around 2% share in the overall bulk material handling system market in 2021.

Key Segments Covered in Bulk material handling system Market Study:

Application

  • Mining
  • Packaging
  • Construction
  • Manufacturing
  • Sea Ports & Cargo Terminals

Equipment

  • Stacker
  • Stacker cum Reclaimer
  • Band Conveyor
  • Bucket Wheel Excavator
  • Stripping Shovel
  • Rope Shovel
  • Bucket Elevator
  • Ship Loader and Unloader

Region

  • North America
  • Europe
  • Latin America
  • APAC (Asia Pacific)
  • MEA (Middle East & Africa)

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