Bulk Material Handling System Market Size, Share, Growth, Trends, and Forecast 2030

Bulk Material Handling System Industry Prospective:

The global bulk material handling system market size was evaluated at $6 billion in 2022 and is slated to hit $8 billion by the end of 2030 with a CAGR of nearly 3% between 2023 and 2030.

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What do you mean by bulk material handling system?

The bulk material handling system is a key infrastructure component used in various end-use sectors. It helps in the effective and seamless movement of materials in huge quantities. These systems help improve output, minimize costs, and ensure the safety of workers. Growing demand for infrastructural growth and industrialization is predicted to increase the popularity of the bulk material handling system across the globe. Moreover, the product finds a slew of applications in farming as well as construction activities.    

Key Insights

• As per the analysis shared by our research analyst, the global bulk material handling system market is projected to expand annually at the annual growth rate of around 3% over the forecast timespan (2023-2030)
• In terms of revenue, the global bulk material handling system market size was evaluated at nearly $6 billion in 2022 and is expected to reach $8 billion by 2030.
• The global bulk material handling system market is anticipated to grow rapidly over the forecast timeline owing to a surge in the industrialization and launching of smart factories.
• In terms of equipment, the stacker segment is slated to register the highest CAGR over the forecast period.
• Based on application, the packaging segment is expected to dominate the segmental growth in the upcoming years.
• Region-wise, the Asia-Pacific bulk material handling system industry is projected to register the fastest CAGR during the assessment timeline.

Request Free SampleBulk Material Handling System Market: Growth Factors

Technological innovations found in the production activities will steer the growth of the global market over the forecast period

Technological breakthroughs witnessed in the manufacturing sector are predicted to scale up the expansion of the global bulk material handling system market. A surge in the industrialization and launching of smart factories are predicted to embellish the growth of the market globally. Huge demand for automated & integrated material handling tools in construction, mining, oil & gas, and power generation sectors will steer the expansion of the global market.

Reportedly, cargo terminals and sea ports make use of bulk material handling systems for unloading and loading of products on ships as well as cargo storage. A prominent increase in the use of the product in the packaging sector will spearhead the growth of the market globally. Launching of new products is likely to make notable contributions towards the global market size. For instance, in August 2023, Spiroflow Systems, Inc., a key player offering engineered solutions for addressing material handling & processing activities, introduced a next-gen twin-line bulk bag filing system.

Bulk Material Handling System Market: Restraints

A surge in the prices of raw materials used for producing products can limit the global industry expansion         

A rise in the raw material costs of the product can put brakes on the expansion of the global bulk material handling system industry. Apart from this, disruption in the supply chain can prove to be a big obstacle to the growth of the industry across the globe.  

Bulk Material Handling System Market: Opportunities

The rise in the need for renovating the infrastructure globally can generate new growth facets for the global market

An increase in the number of infrastructure development projects undertaken by various governments across the globe along with a rise in the economic growth globally will promote the growth of the bulk material handling system market globally. Large-scale product penetration in mining & construction activities will embellish the expansion of the market globally. Surging concerns about waste management are likely to increase product sales in the upcoming years.

Bulk Material Handling System Market: Challenges

A surge in the operating costs can pose a huge challenge to the global industry expansion over 2023-2030

A rise in the production costs of the product as well as huge costs of the materials used for manufacturing the product can prove to be a big hurdle in the growth path of the global bulk material handling system industry.  

Bulk Material Handling System Market: Segmentation

The global bulk material handling system market is sectored into equipment, application, and region.                                    

In equipment terms, the bulk material handling system market across the globe is segregated into ship loader & ship unloader, bucket elevator, band conveyor, stacker & reclaimer, rope shovel, stripping shovel, and stacker segments. Furthermore, the stacker segment, which acquired nearly 33% of the global market earnings in 2022, is anticipated to record the highest CAGR over the forecast timeframe. The expansion of the segment during 2023-2030 can be owing to the ability of stackers to handle huge material volumes along with allowing them for efficient storage and stockpiling. Furthermore, it ensures the integrity and quality of stored substances and is preferred in a slew of end-use sectors.

Based on the application, the global bulk material handling system industry is sectored into mining, seaports & cargo terminals, packaging, manufacturing, and construction segments. Additionally, the packaging segment, which acquired a major share of the global industry in 2022, is anticipated to lead the segmental surge in the next eight years. The segmental expansion over 2023-2030 can be due to the rise in the product demand in the packaging sector.  

Bulk Material Handling System Market: Report Scope

Bulk Material Handling System Market: Regional Insights

North America is predicted to retain its leading position in the global bulk material handling system market over the forecast timespan

North America, which contributed about two-thirds of the global bulk material handling system market revenue in 2022, will be a key region in the coming eight years. Moreover, the regional market expansion over the forecast timeframe can be attributed to the presence of a strong manufacturing sector in countries such as the U.S. Furthermore, a huge industrial base and highlight on automation and efficiency will steer the regional market trends.

The Asia-Pacific bulk material handling system industry is set to record the highest CAGR in the next couple of years. The growth of the industry in the Asia-Pacific zone can be ascribed to a rise in the demand for bulk material handling systems in countries such as India and China. A prominent rise in infrastructural growth, a swift increase in industrialization, and demand for proficient material handling services will embellish the regional industry growth. Reportedly, China is one of the largest manufacturing hubs of APAC and is predicted to witness a rise in capital investments for refurbishing the material handling abilities in the manufacturing sector.

The European bulk material handling system market is anticipated to witness a mammoth growth in the upcoming years. The growth of the market in the continent can be due to a rise in product usage in the food processing, automotive, and chemical sectors. A growing focus on environment-friendly solutions, sustainability, and stringent laws will prop up the use of upgraded bulk material handling systems in the continent.

Key Developments

• In the second half of 2023, ProStack, a key player manufacturing bulk material handling solution, introduced the new stacker range referred to as the Ranger 6-24TR Tracked Radial Conveyor. For the record, the new product range is designed to stockpile various applications in the mining & quarrying for enhancing their automation, efficacy, compatibility, and adaptability.

Bulk Material Handling System Market: Competitive Space

The global bulk material handling system market profiles key players such as:

• Columbus Mckinnon Corporation
• Clark Material Handling USA
• Mitsubishi Caterpillar Forklift America Inc
• John Bean Technologies
• Beumer Group
• Sumitomo Heavy Industries Material Handling Systems Co. Ltd.
• FL Smidth
• Metso Corporation
• Thyssenkrupp
• Kawasaki Heavy Industries Ltd.
• Techint Group
• Hitachi Construction Machinery Co.
• Siemens AG
• Liebherr Group
• Komatsu
• Jungheinrich AG
• IHI Transport Machinery Co. Ltd.
• Hyster-Yale Materials Handling Inc.
• Daifuku Company Limited
• Kion Group AG
• Crown Equipment Corporation
• L&H Industrial

The global bulk material handling system market is segmented as follows:

By Equipment

• Ship Loader & Ship Unloader
• Bucket Elevator
• Band Conveyor
• Stacker & Reclaimer
• Rope Shovel
• Stripping Shovel
• Stacker

By Application

• Mining
• Sea Ports & Cargo Terminals
• Packaging
• Manufacturing
• Construction

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa