Global Bulk Material Handling Product & Technology Market (2021-2026) by Products, End User, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
The Global Bulk Material Handling Product & Technology Market is estimated to be USD 53.2 Bn in 2021 and is expected to reach USD 63.03 Bn by 2026, growing at a CAGR of 3.45 %.
The major factor driving the growth of the bulk material handling product and technology market is the increasing demand from the pharmaceutical industry and other manufacturing industries. In addition, the rising penetration of automation machines in the production facilities, unprecedented growth in e-commerce, and surge of urbanization is boosting the market growth. Favorable government initiatives such as China's colossal infrastructure investments of 'One Belt, One Road (OBOR), are also expected to be lucrative for the materials handling equipment industry. However, the breakdown of equipment may delay the complete process and performance of the company. Furthermore, high investment and maintenance cost is anticipated to hinder the market growth
Technological advancements in the material handling industry are creating lucrative opportunities for the market.
The Global Bulk Material Handling Product & Technology Market is segmented further based on Products, End User, and Geography.
By Products, the market is classified as Conveyors & Sortation Systems, Reclaimer, Stacker, Excavator, Shovel, Elevator, Ship Loader & Unloader, Cranes, Automated Guided Vehicles, and Others. Amongst all, the Conveyors & Sortation Systems segment is estimated to hold the highest market share during the forecast period.
By End User, the market is classified into Automotive, Semiconductor & Electronics, Metals & Heavy Machinery, Chemicals, Food & Beverages, E-commerce, Healthcare, Aviation, and Others. Amongst all, the E-commerce segment is estimated to hold the highest market share during the forecast period.
By Geography, North America is projected to lead the market.
1. FLSmidth has reached an agreement to sell its bulk material handling business to Rainbow Heavy Machineries. - 9th January 2019
2. Daifuku acquires India-based material handling equipment manufacturer- Vega Conveyors & Automation Private Limited – 3rd April 2019
Some of the companies covered in this report are Daifuku, Dematic, FEECO International, Honeywell International, Knapp, Kion Group, etc.
IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Bulk Material Handling Product & Technology Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence's Proprietary competitive positioning tool.
A complete analysis of the market, including parent industry
Important market dynamics and trends
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
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