Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6 Billion | USD 8 Billion | 3% | 2022 |
FrequentlyAsked Questions
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.
The bulk material handling system market growth over forecast period can be owing to a prominent increase in the use of the product in the packaging sector.
According to a study, the global bulk material handling system industry size was $6 billion in 2022 and is projected to reach $8 billion by the end of 2030.
The global bulk material handling system market is anticipated to record a CAGR of nearly 3% from 2023 to 2030.
The Asia-Pacific bulk material handling system industry is set to register the fastest CAGR over the forecasting timeline owing 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.
The global bulk material handling system market is led by 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, and L&H Industrial.
The global bulk material handling system market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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