Global Apron Feeder Market 2018-2022
About Apron Feeder
Apron feeders are bulk material handling equipment used to feed or extract big, heavy, abrasive, and lumpy ores under high impact conditions. Apron feeders have a robust, heavy-duty design and are ideally suited for feeding heavy materials during sticky, wet, or frozen operations.
Technavio’s analysts forecast the global apron feeder market to grow at a CAGR of 3.24 % during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global apron feeder market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of apron feeder.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Apron Feeder Market 2018-2022
Technavio recognizes the following companies as the key players in the global apron feeder market: FLSmidth, Metso, Mining Machinery Developments (MMD), Sandvik, Terex, and thyssenkrupp
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is technological developments in material handling equipment. Earlier, a combination of mechanical and control devices was considered as a material handling equipment. These equipment that were confined within the boundaries of a manufacturing or distribution facility were used to convey objects or materials from the source to the destination.”
According to the report, one of the major drivers for this market is Increasing operational capabilities of apron feeders. Vendors are involved in the manufacture of new-age apron feeders that offer increased operational capabilities to users. These new-age apron feeders can be used not only to extract and process light to heavy-duty raw materials to the crusher equipment but also to blend and mix raw materials for crushing. The additional benefits offered help in further lowering operational costs and reducing downtimes.
Further, the report states that one of the major factors hindering the growth of this market is Uncertainties in the mining industry. Many major mining corporations have reduced their investments in new mining projects and expansion of existing ones owing to the decline in commodity prices. The prices of coal, aluminum, copper, and iron ore have been witnessing a declining trend since 2011, which has resulted in a loss of revenue for mining companies.
FLSmidth, Metso, Mining Machinery Developments (MMD), Sandvik, Terex, and thyssenkrupp
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