Press Release

Bucket Elevators Market to Gain Traction; Advancements in Extraction Technologies to Positively Impact the Market

The global bucket elevator market size is projected to reach USD 1,287.1 million by 2026, exhibiting a CAGR of 5.7% during the forecast period. Steady growth in the construction industry to be the key growth driver for this market, according to the new Fortune Business Insights™ report, titled “Bucket Elevator Market Size, Share & Industry Analysis, By Type (Centrifugal and Continuous), By Industry (Cement, Food & Beverages, Chemical, Power & Energy, Paper & Pulp, Others), and Regional Forecast, 2019-2026”.

A report produced under a joint study conducted by Global Construction Perspectives and Oxford Economics stated that the construction industry worldwide will grow by 85% through 2030, hitting USD 15.5 trillion in terms of output value. China, India, and the US will account for nearly 57% of this rise, the report estimates. On average, the global construction industry is slated to grow at 3.9% annually till 2030, overtaking the world GDP growth rate by one percentage point. In this scenario, the demand for bucket elevators is likely to go up sharply as these machines are vital in the vertical movement of materials at construction sites.

Request a Sample Copy for more detailed Bucket Elevators Market Overview: https://www.fortunebusinessinsights.com/enquiry/sample/bucket-elevator-market-102580

List of Key Companies Covered in the Report:

  • Zuther GmbH (Headquarter: – Germany)
  • KWS Manufacturing Company, Ltd. (Headquarter: – United States)
  • Meyer Industries (Headquarter: – United States)
  • FEECO International Inc. (Headquarter: – USA)
  • AGI (Headquarter: – Canada)
  • SKANDIA Elevator AB (Headquarter: – Sweden)
  • Sweet Manufacturing Company (Headquarter: – USA)
  • BEUMER Group. (Headquarter: – Germany)

As per the bucket elevator market report, the value of this market stood at USD 827.6 million in 2018. The report additionally provides the following information:

  • Detailed study of the factors driving the market;
  • Thorough analysis of the roadblocks facing the market;
  • In-depth research into the various market segments;
  • Exhaustive assessment of the regional prospects of the market; and
  • Comprehensive evaluation of the competitive dynamics shaping the market.

Market Trend

Multi Applicability of Bucket Elevator to Boost Adoption

One of the leading bucket elevator market trends is the increasing adoption of these machines on account of their wide-ranging applicability across different industries. For example, their ability to haul heavy and low free flow quality materials makes them an extremely desirable purchase in the construction and mining industries. In processing industries, where raw material sizes vary a lot, bucket elevators can prove efficient as they are available in different sizes and can also be customized. Further, in extraction of oil from wells, this equipment can play an instrumental role owing to the flexibility they provide as well as their capacity to function efficiently in inhospitable environments. From an economic standpoint too, these machines appear viable because they have low maintenance and advancements in heavy machines have led to the development of equipment that are energy-efficient, thereby driving down operational costs. Together, these factors are fueling the bucket elevator market growth.

 

Regional Analysis

Asia-Pacific to Lead the Pack; Latin America to Display Stable Growth

With market size of USD 289.5 million in 2018, Asia-Pacific is poised to dictate the bucket elevators market share during the forecast period. The main factors propelling the market in the region include rapid urbanization which is boosting the construction industry and increasing intensity of mining operations, especially in India and China. In Latin America, the market will rise at a stable rate owing to robust infrastructure development and similar trends are being witnessed in the Middle East and Africa. In North America and Europe, introduction of next-generation bulk material handling equipment will augment the market in the forthcoming years.

Major Table of Contents for Bucket Elevators Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Bucket Elevators Market Analysis, Insights and Forecast, 2015-2026
  6. North America Bucket Elevators Market Analysis, Insights and Forecast, 2015-2026
  7. Europe Bucket Elevators Market Analysis, Insights and Forecast, 2015-2026
  8. Asia Pacific Bucket Elevators Market Analysis, Insights and Forecast, 2015-2026
  9. Middle East and Africa Bucket Elevators Market Analysis, Insights and Forecast, 2015-2026
  10. Latin America Bucket Elevators Market Analysis, Insights and Forecast, 2015-2026
  11. Global Market Share Analysis, 2018
  12. Competition Matrix
  13. Company Profiles

Purchase Full Report for Exclusive Bucket Elevators Market Growth Forecast – https://www.fortunebusinessinsights.com/checkout-page/102580

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