Bulk Material Handling Equipment Market - By Product (Conveyor Belts, Stackers, Reclaimers, Elevators), By Sales Channel (Manufacturers, Distributors), By Application & Forecast, 2024 – 2032

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Industrial-Machinery | Format: Report available in PDF / Excel Format

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Bulk Material Handling Equipment Market - By Product (Conveyor Belts, Stackers, Reclaimers, Elevators), By Sales Channel (Manufacturers, Distributors), By Application & Forecast, 2024 – 2032

Bulk Material Handling Equipment Market Size

Imagine a warehouse packed with goods, like a giant puzzle waiting to be put together. That's where bulk material handling equipment comes in. It's like the super-efficient puzzle solver that makes sure the goods get to the right place at the lightning-fast pace we've come to expect from online shopping. In 2023, this market was worth a whopping 46.5 billion dollars. And it's going to keep growing by over 4.5% every year until 2032. Why? Because e-commerce and logistics companies are thriving. People are buying more and more stuff online, so there are more orders to fill. To keep up with the demand, warehouses and fulfillment centers need to handle goods quickly and efficiently. That's where bulk material handling equipment shines. It automates the movement of goods, making sure they get where they need to go without any delays. Manufacturers know this, so they're constantly coming up with new and improved equipment to meet the needs of this booming industry. It's all about making sure the puzzle of getting goods to our doorsteps is solved as seamlessly as possible.

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For instance, in November 2021, ePicker introduced a specialized range of material handling equipment for e-commerce, featuring electric pallet jacks, stackers, work assist vehicles, and lithium forklifts. This elite line aims to optimize handling tasks, prioritizing safety, efficiency, and quality across industries.

The adoption of automation and Industry 4.0 has transformed manufacturing processes, leading to emphasis on automation and smart technologies. Bulk material handling equipment, such as conveyors, sorters, and stackers, streamline material flow within manufacturing facilities. Optimizing material handling processes results in reduced downtime, improved throughput, and overall operational excellence. Bulk material handling equipment automates and accelerates material transport, reducing manual labor requirements and minimizing the risk of errors. Increasing manufactures focus on enhancing operational efficiency is expected to grow the market.
 

Bulk Material Handling Equipment Market Report Attributes
Report Attribute Details
Base Year 2023
Bulk Material Handling Equipment Market Size in 2023 46.5 Billion
Forecast Period 2024 - 2032
Forecast Period 2024 - 2032 CAGR 4.5%
2032 Value Projection 71.1 Billion
Historical Data for 2018 - 2023
No. of Pages 220
Tables, Charts & Figures 280
Segments covered Product, Application, and Sales Channel
Growth Drivers
  • Increasing manufacturing industry across the globe
  • Rapidly growing e-commerce and logistics industry
  • Increasing technological innovations in bulk material handling equipment
  • Growing adoption of automated solution in food & beverage
Pitfalls & Challenges
  • High initial cost of equipment

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High maintenance and operating costs pose a significant challenge for the bulk material handling equipment industry expansion. Complex machinery and harsh operating environments lead to substantial maintenance expenses including repair, replacement, and downtime costs. Energy consumption and labor expenses also contribute to the overall operating costs, impacting the profitability of material handling operations and deterring potential buyers from investing in new equipment.
Bulk Material Handling Equipment Market Trends

Hey there! You know that industry where they move and handle tons of stuff? Well, it's getting a major tech upgrade. Companies are jumping on the automation train, using fancy things like smart sensors, robots, and AI to make everything run smoother and safer. It's like giving the machines superpowers! They can keep an eye on everything 24/7, predict when something's going to break, and even suggest ways to fix it. And it's not just about being efficient. Safety and productivity are getting a major boost too. For example, check this outMitsubishi made a cutting-edge AI tool that watches over elevators constantly. It's like a tech babysitter, making sure they're always running top-notch. But hold on, there's more! People care a lot about protecting the environment these days. So, companies are coming up with greener ways to handle all that stuff. They're making machines that use less energy, spew out fewer nasty fumes, and even have ways to trap dust and keep things quiet. All these cool developments are making a huge difference in the industry. More companies are adopting these sustainable practices, which is good for business and good for the planet. So, expect to see even more growth in the years to come!

Bulk Material Handling Equipment Market Analysis

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Let's break down the market for conveyor belts and related equipment. It's like a big pie divided into slices, each slice representing a different type of product. The biggest slice of the pie, over 35%, belongs to conveyor belts. These are like the workhorses of many industries, carrying materials from one place to another. Manufacturers are getting creative and adding cool features like adjustable speeds, self-cleaning mechanisms, and modular designs that make them easy to set up and keep running smoothly. But that's not all. There's a big push towards using sensors and data analysis to make these conveyor belts even smarter. Think of it as a superpower. They can now predict when they need maintenance, helping factories run better and more efficiently. For example, in late 2023, a company called Sonata Software teamed up with AMMEGA Group, a big player in the conveyor belt world. Together, they're working to make AMMEGA's business even better using Sonata's expertise in modernizing technology and streamlining processes.

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When it comes to buying this equipment, you can go directly to the companies that make it (manufacturers) or through businesses that sell it on their behalf (distributors). In 2023, most of the sales came from manufacturers themselves, around 70%. And it's expected that this trend will continue until 2032. Manufacturers are paying more attention to making products that fit the specific needs of different customers. They're also making their designs more flexible to accommodate different industries and uses. This gives customers more choices and makes it easier for them to find what they're looking for. To stay ahead, manufacturers are also spending money on developing new technologies, like automation and robotics. These advancements make their equipment more efficient and give them an edge in the market. For example, a company called Metso bought another company called Brouwer Engineering in July 2023. Brouwer is known for its expertise in automation, control systems, and electrical solutions for handling large amounts of material. By combining their strengths, Metso can now offer a wider range of solutions to its customers.

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Across the world, Asia-Pacific stands tall as the undisputed king of material handling equipment. In 2023 alone, it commanded an impressive 35% of the global market. This growth is a direct result of the region's booming industries and infrastructure projects. Everywhere you look, economies are taking off like rockets, pouring money into construction, mining, and manufacturing. All this activity translates into a huge need for machines that can handle all sorts of materials. China and India, in particular, are leading the pack, investing heavily in technology and automation that makes these machines even better. Take this recent deal between two big playersthyssenkrupp and Valmet. They joined forces to bring cutting-edge automation systems to every corner of India and beyond. It's all part of the plan to help energy, sugar, fertilizer, and metal industries get the most out of their operations.

Bulk Material Handling Equipment Market Share

Honeywell International Inc and Mitsubishi Electric Corporation dominate the market with around 9% market share. Honeywell consistently expands its product portfolio to offer a comprehensive range of bulk material handling equipment. By focusing on technological innovation, global expansion, customization, and strategic collaborations the company is enhancing its position in the market.

Mitsubishi Electric places a strong emphasis on research and development to bring innovative technologies to the bulk material handling sector. The company also engages in strategic collaborations and partnerships with other industry players. These alliances foster the exchange of expertise and promote the integration of complementary technologies into their bulk material handling equipment. Mitsubishi also prioritizes after-sales services and support. This includes maintenance, training programs, and continuous improvement initiatives to ensure the optimal performance of their equipment.

Bulk Material Handling Equipment Market Companies

Major players operating in the bulk material handling equipment industry are

  • Beumer Group
  • Continental AG
  • Crown Equipment Corporation
  • Daifuku Co., Ltd.
  • Honeywell International Inc
  • Jungheinrich AG
  • MHS Conveyor
  • Mitsubishi Electric Corporation
  • SSI Schaefer Group
  • TGW Logistics Group GmbH

Bulk Material Handling Equipment Industry News

  • In January 2024, Mitsubishi Logisnext Americas launched a telematics system that provides fleet-wide insights and is compatible with a wide range of material handling equipment. The solution is an integrated system that enables users to track equipment utilization, effects, and other vital parameters.
     
  • February 2023, Dorner launched DCMove Belted Conveyor, a new conveyor for bulk material handling and e-commerce applications. The conveyor has standard features & specifications including a wide load capacity and a motor mounted inside the conveyor tails to lower the footprint of large bulk material handling systems.
    The bulk material handling equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments

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Market, By Product

 

  • Conveyor belts
    • Case conveyors
    • Pallet conveyors 
  • Stackers
  • Reclaimers
  • Elevators
  • Others

Market, By Application

  • 3PL
  • E-commerce
  • General merchandise
  • Food retail
  • Food & beverage
  • Manufacturing
  • Pharmaceutical/Healthcare

Market, By Sales Channel

  • Manufacturers
  • Distributors

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Nordics
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Southeast Asia
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America 
  • MEA
    • UAE
    • South Africa
    • Saudi Arabia
    • Rest of MEA

 

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