Industry Outlook

Acyclic nature of mining and construction industry have a direct impact on the bulk material handling equipment market. Consequently, bulk material handling equipment projected to reach US$ 56.83 Bn in 2026 from US$ 38.29 Bn in 2017. The market estimated to register a moderate growth rate of 4.5% owing to modest mining and construction sector. Majority of bulk material handling equipment incorporates heavy initial and running cost and is generally procured by big players in aforementioned sectors. However, small and practical alternatives for moderately sized construction industries creating positive growth opportunities for bulk material handling equipment market. In addition, growing global sea trade and establishment of new ports and cargo terminals certainly brought a spark in bulk material handling equipment market.

"Equipment used in Cargo and Packaging Industry is Scoring Points Offering Positive Prospects"

Almost every bulk material handling equipment is different in the sense of construction, applications and prices value. Several of bulk handling equipment is used extensively in mining and heavy construction across the globe. The equipment are not procured by contracting firms and companies on frequent basis and are rented more often by small contractors. Consequently, heavy machinery used in bulk material handling for mining and construction sectors estimated to grow at relatively sluggish rate. However, equipment including ship loaders, band conveyors and bucket elevators are used in industrial manufacturing, port & cargo terminals and packaging sectors. These equipment are scoring points on both front equally and therefore projected to grow at a significant rate in coming years.

"Port & Cargo Terminals Getting Ready to Outshine Mining End-use Industry in Coming Years"

Mining end-use industry dominated the overall bulk material handling equipment market in terms of market value. The overall mining industry registered market value of more than US$ 500 Bn in current year and the market is not expected to curb its growth in coming years. With more mining sites across the globe opening for resource extraction, the demand for bulk material handling equipment is also projected to grow notably for this particular sector. Besides mining, rapid urbanization and significant rise in government projects uplifted the construction industry appeared as a blessing for bulk material handling equipment sector. Other end-use industries such as industrial manufacturing, cargo transportation, and packaging are contributing their share considerably allowing the overall market to grow at a decent pace. Perpetual growth in cargo transportation, and growing number of ports and cargo transportation hubs proving to be a vital point in the development of the market. Consequently, ports & cargo terminals estimated to be the fastest growing market segment throughout the forecast period from 2018 to 2026.

"Asia Pacific Emerging as the Most Lucrative Market with Respect to Equipment Sales" 

China is at the center of world mining map supported by freight transportation through ports and cargo terminals helped Asia Pacific to lead the global bulk material handling equipment market. In addition to China, there are several other active mining sites coupled with rapid urbanization in developing nations gives an extra edge to Asia Pacific over other regions. North America trails Asia Pacific owing to its vast shipping and cargo transportation sector. Packaging and industrial manufacturing also supporting the bulk material handling equipment market in North America. Besides aforementioned regions, Middle East & Africa are emerging as bright spot for the market in coming years. Rapid expansion and construction of new ports across the regions are drawing attention of several prominent players in market.

"Global Leader Face-off Breath Stealing Competition on Global Water Equipment Treatment Market Front" 

Bulk material handling equipment market is no less than an intense face-off between titans participating in the market. These international players have vast product portfolio and farfetched geographical reach to complement their significant stature. These companies have to face their near competitors in order to maintain their market position. Acquiring long terms contracts and upgrading their services is on top of their list of strategies. Besides, these companies are keeping an eye on the most potential and emerging markets to claim their dominance on new turfs. Technological advancement can prove to be an additional advantage for these companies in coming years. The research study include most recent activities and key policies adopted by few of the most prominent players in bulk material handling equipment market includes Komatsu, Metso Corporation, TRF Ltd., ThyssenKrupp AG, IHI Transport Machinery Co., Ltd, Hitachi Construction Machinery Co., L&H Industrial, Voith GmbH, Tenova S.p.A,, Techint Group, Kawasaki Heavy Industries, Ltd., and Sumitomo Heavy Industries Material Handling Systems Co., Ltd., among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Bulk Material Handling Equipment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Bulk Material Handling Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Bulk Material Handling Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2033.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Bulk Material Handling Equipment market?
• Which is the largest regional market for Bulk Material Handling Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Bulk Material Handling Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Bulk Material Handling Equipment market worldwide?