Sea ports and cargo terminals are likely to play a pivotal role in the development of the global bulk material handling systems market as international sea trade takes a hike. Regional ports will play a crucial role in trading across international borders and also leveraging exchange of commodities. This amalgamation of desired resources and productivity is a prominent factor responsible for connecting the world through sea routes. China, which is a prominent country in terms of import as well as export of bulk commodities and which has almost 60% of world trade, has exhibited a comparatively slow economic growth and has thus reduced import of dry bulk in the last couple of years.
Even after facing an economic slowdown, the global seaborne trade crossed approximately 10 billion tons in 2015 and is also expected to foresee exceptional growth in the coming years. The rising demand for liquid bulk and minor commodities is expected to emerge as a core factor driving the progress of the global bulk material handling systems market over the course of the forecast period. Moreover, activities pertaining to mining in developed as well as developed regions and the proliferating number of construction activities, mostly in Gulf Cooperation Council countries are likely to prove to be fruitful for the growth of the country in the coming years. The global bulk material handling systems market is expected to register a CAGR of 4.3% between 2017 and 2027. In 2016, the market was valued at about US$ 3,500 Mn and is projected to reach a value around US$ 5 600 Mn by the end of 2027.
Mining and Sea Ports and Cargo Terminal to be at the Vanguard of Growth with Manufacturing Gaining Pace
The growth of the manufacturing sector is driven by the growing global population. Moreover, the development of the mining industry is anticipated to speed up, as the need for natural resources and minerals is growing with every passing day. The growth of the manufacturing and mining industries at a global level is expected to create significant opportunities for the bulk material handling systems market and in turn fuel the production as well as the sales of such systems which are further used in these applications. The mining application segment in the bulk material handling systems market is expected to account for a share of 28.4% in the global market in 2017 and is projected to reach approximately 29.3% by the end of 2027.
Developing Regions to Favor Adoption Owing to Rising Construction Activities
Construction and infrastructure along with manufacturing and mining activities have become a dynamic sectors which are expected to contribute in the growth of the market for bulk material handling systems. The demand for some of the bulk material handling systems such as stackers, band conveyors, bucket elevators, and ship loaders and unloaders is increasing in manufacturing, construction, maritime and mining sectors in emerging economies of Asia Pacific. Nevertheless, the rental services for heavy, gigantic and costly bulk material handling systems such as bucket wheel excavators, stacker cum reclaimers, and shovel, among others are expected to remain a precedence for many end users over the forecast period.
In addition, extruded food products, such as breakfast cereals, meat analogs, pasta, filled snack products, and pet food are gaining significant popularly in various regions. Furthermore, apart from being high convenience in processing, the food extrusion setups are relatively economical and offer high rate of return as compared to other conventional operations. Additionally, this is expected to increase the manufacturing and packaging activities across the region, which will play a pivotal role in the growth of bulk material handling systems market in food and beverage industry in the region.
A report which was recently published by Future Market Insights on bulk material handling systems presents qualitative as well quantitative insights in the global market. The report presents a comprehensive analysis of the global market along with regional insights and segment based insights. The report has insights researched by expert analysts from credible sources. Along with the data on present and future scenario, the report also presents incisive insights on the historical growth trajectory of the market as well, thus making the report unique.
Bulk Material Handling Systems Market: Overview
The report offers a comprehensive summation of the market including an official synopsis that draws out the core patterns advancing in the market. It also talks about on a few elements, for example, drivers, impediments, and prospects that have been seen in the market all through its movement period and that is probably going to have an effect over the long haul also. It likewise introduces figures relating to the esteem, volume, and development rate of the market from a recorded and advanced perspective. It likewise features the main among every one of the sections that the market has been divided into. The stages that each fragment is in is additionally introduced in the examination report, in this manner specifying each part of the market carefully and fastidiously. It additionally gives examination based on the estimating, market situation, and furthermore introduces an esteem chain investigation of the item in concern. A year-to-year development of the market has also been offered in the report for the peruser to be aware of the changing elements of the market.
Bulk Material Handling Systems Market: Segmentation
Bulk Material Handling Systems Market: Research Methodology
The report is the final result of careful and scrupulous research work of the examiner from solid sources. The data introduced has been observed and examined by industry analysts of FMI. The information that has been introduced here has been gathered from different dependable and solid essential and auxiliary sources. The figures and numbers have likewise been checked by the examiners and can be utilized to settle on vital choices.
Bulk Material Handling Systems Market: Competitive Landscape
The report offers a boundless understanding on the focused scene of the worldwide head-up show market. It highpoints the opposition prevalent among the present merchants in the market and furthermore puts weight on the future situation of the market. The profile of the players depends on a thorough SWOT examination alongside company standpoint, product portfolio, methodologies, monetary data, and center advancements.
The “why” to invest in the research report
The research study offers a holistic analysis of the global bulk material handling systems market for a period of 10 years, starting from 2017 till 2027. The 3600 view of the global market covers every aspect prevailing in the market that has an influence over its growth. This can support the reader in slating key strategies to gain hold in the market with the changing market dynamics. Moreover, the complete competitive intelligence included in this research delivers value to the reader with which he/she can slate strategies to gain competitive advantage. Additionally, the research report follows a systematic and organized structure that is user friendly making it convenient for the user to assess the statistics and information that delivers actionable intelligence.