Global Car Dumpers Market 2017-2021
About Car Dumpers
Car dumpers or wagon tipplers are material handling equipment used for unloading materials from railroad cars, gondolas, or lorries. They are used for the unloading of non-perishable goods. This is done by tipping the car dumpers, which helps in emptying the loaded wagons. The tippler holds the wagon from the top and the side by using clamping devices. There are other auxiliary equipment used for the functioning of car dumpers, such as wheel grippers and wagon marshaling equipment. Car dumpers are operated either by using a hydraulic drive or an electro-mechanical drive.
Technavio’s analysts forecast the global car dumpers market to grow at a CAGR of 1.29% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global car dumpers market for 2017-2021. To calculate the market size, the report considers the revenue generated by vendors of car dumper service providers to end-users, such as iron ore, coal, non-minerals, and other industries that include wood chips, metal scrap, and steel industries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Car Dumpers Market 2017-2021
Technavio recognizes the following companies as the key players in the global car dumpers market: Metso, FLSmidth, Heyl & Patterson and ThyssenKrupp.
Other Prominent Vendors in the market are: Elecon Engineering Company Ltd, Flexicon, Frigate, SCHADE Lagertechnik, and TRF.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growth of rail freight route between Asia and Europe. The market value of imported and exported goods that were transported on the Europe-China rail route in 2015 accounted for $7.5 billion. European companies that have their production base in China use rail networks to transport goods back to the European countries. The first rail freight route between Beijing and Hamburg was introduced in 2008. Since then, China has opened rail freight services to Europe in 15 different cities.”
According to the report, one of the major drivers for this market is increased investment in infrastructure development. The demand for car dumpers is increasing, particularly in APAC and EMEA. Governments across countries, such as China, India, Japan, Qatar, the UAE, and Nigeria, are taking various initiatives to attract investors into the construction industry to enhance the infrastructure. Urbanization has been driving change in the lifestyle, and the increasing population has led to a rise in demand for construction of new houses and infrastructure development, such as roads, highways, sewage facilities, and transit systems.
Further, the report states that one of the major factors hindering the growth of this market is decreasing imports of coal and metal products by China. The mining industry is experiencing slow growth, mainly due to reduced metal and coal imports in China. China is the biggest importer of coal in the world and is also responsible for creating the maximum demand for mined metals and minerals worldwide. However, with the ongoing economic slump in the country, it is gradually cutting down its import of coal and minerals. This has had an impact on the mining activities in different countries, especially Canada, which is the biggest exporter of metals and minerals for China.
Metso, FLSmidth, Heyl & Patterson ThyssenKrupp, Elecon Engineering Company Ltd, Flexicon, Frigate, SCHADE Lagertechnik, and TRF.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook