VALLEY COTTAGE, New York, February 21, 2018 /PRNewswire/ --
According to a study recently published by Future Market Insights titled "Bulk Material Handling Systems Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)", the sales of bulk material is exceedingly reliant on the demand for electricity and the development in the distribution and transmission network in several regions. The global bulk material handling systems market is expected to register a CAGR of 4.3% between 2017 and 2027. In 2016, the market was valued above US$ 3 Bn and is projected to reach a valuation higher than US$ 5 Bn by the end of 2027.
Mining and Marine Infrastructure to Positively Influence Market Growth
The GDP of a country has a direct impact on the global trade and thus the economic prosperity of a country. Regional ports tend to play a pivotal role in cross border trades and leveraging commodity exchanges. The concentrated availability of bulk commodities such as coal, iron ore and petroleum products, has enhanced intra-connectivity amongst all the countries around the world. China is a major importer of raw materials, such as iron ore and coal, and hence is dependent on other countries, such as Australia and Brazil. China, being the chief producer of steel and various other commodities, drags dependency towards itself too. This consolidation of resources and productivity is an important factor responsible for connecting the world through sea routes. China, which is a prominent country in terms of import as well as export of bulk commodities which is almost 60% of world trade, has exhibited a comparatively slow economic growth and has thus reduced import of dry bulk in the last couple of years.
Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-672
In spite of the economic slowdown, the global seaborne trade crossed over 10 billion tons in 2015 and is anticipated to witness potential growth over the course of the forecast period. Increasing demand for minor commodities and liquid bulk is estimated to be one of the main drivers responsible for the growth of the bulk material handling systems market during the forecast period. Furthermore, the growing activities pertaining to mining in developing as well as developed regions and increasing construction activities, especially in GCC countries are expected to bode well for the growth of the global bulk material handling systems market in the coming years.
Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-672
Europe to Remain Dominant Throughout the Forecast Period
The maritime industry forms a crucial part of the economy of Europe. Countries such as Russia, Netherlands, the U.K., Denmark, and Holland, among others are highly developed in maritime and shipbuilding technology. A wide range of maritime services are linked to shipbuilding, which comprises shipping, seaport services, inland navigation, offshore supply, research and development, recreational boating, classification and inspection, maritime works, government services, crewing, associations, diving, rescue, and ship supplies, among others this is also known as maritime cluster. The growth in the marine industry in European regions in the coming years is expected trigger increasing sales of bulk handling systems in this region.
View Report Preview at Bulk Material Handling Systems Market Segmentation By Equipment - Stacker, Stacker cum Reclaimer, Band Conveyor, Bucket Wheel Excavator, Stripping Shovel, Rope shovel, Bucket Elevator, Ship Loader and Unloader; By Application - Mining, Packaging, Construction, Manufacturing, Sea Ports & Cargo Terminals: https://www.futuremarketinsights.com/reports/bulk-material-handling-system-market
Price Reduction to Play a Key Role in Gaining Strategic Advantage
In order to stay competent in the market and also cater to the need of the end-use industry verticals, manufacturers are focusing on reducing prices, providing consumers with a wide ranging options, maintaining a large product portfolio, and also ensure long term supply relations with these accounts. This will also help the players in expanding their market share as well as customer base. Some of the leading companies operating in the market are FL Smidth, Thysseenkrupp, Techint Group, Hitachi Construction Machinery Co., Komatsu, and L&H Industrial among several others.
Browse More: Industrial Automation & Equipment Market Insights
More from FMI's Cutting-edge Intelligence:
Barcode Scanner Market Segmentation By Product Type -Portable/Handheld, Rugged Scanners, PDA Scanners, Automatic Readers, Others, Fixed Position, Stationary Scanners, Presentation Scanners, Automatic Readers, Others; By End Use - Retail & Commercial, General Manufacturing, Healthcare, Logistics & Warehouse, Commercial Aviation, Defence, Others; By Technology - Pen Type Reader, Laser Scanner, CCD (Charge Coupled Device) Readers, Camera Based Reader, Omni Directional Barcode Scanner: https://www.futuremarketinsights.com/reports/barcode-scanner-market
Centrifugal Pump Market Segmentation product type - Single-stage pump, Multi-stage pumps, Axial & mixed flow pumps, Submersible pumps, Sealless & circulator pumps; pump capacity - Small Capacity Pumps, Medium Capacity Pumps, High Capacity Pumps; end use - Industrial(Chemical, Water & wastewater, Oil & gas, Power, Pharmaceutical, Food & beverages, Others), Agricultural, Domestic: https://www.futuremarketinsights.com/reports/centrifugal-pumps-market-102017
India Electrical Testing Services Market Segmentations By Service Type - Transformer Testing, Circuit Breaker Testing, Protection Testing and Battery Testing: https://www.futuremarketinsights.com/reports/india-electrical-testing-services-market
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
T (UK): +44(0)20-7692-8790
Press Office: Press@futuremrketinsights.com
FMI Blog: http://www.fmiblog.com/
SOURCE Future Market Insights