From
agriculture to food and from manufacturing to pharmaceuticals, the
bulk material handling products and technologies market has a strong
presence everywhere. The growing population of the world, allied to
rising demand from automation, has resulted in strong growth of the
global bulk materials handling products and technologies market.
Historically,
the agriculture sector has been a leading end user of bulk materials
handling products and technologies. Due to the historical eminence of
the production sectors in the global economy, industries such as
agriculture, sawmill, and mining accounted for the highest demand for
bulk materials handling products and technologies. However, with the
rising prominence of the service sector, the food and beverages and
pharmaceuticals sectors have emerged as major end users of bulk
materials handling products.
Emerging
Economies: Lifeline of the Bulk Materials Handling Products and
Technologies Market
The
rise of the industrial sector in emerging economies such as India,
China, South Africa, Brazil, Indonesia, and South Korea is a major
factor working in favor of the bulk materials handling products and
technologies market. Growth of the construction industry in emerging
economies is also helping the bulk materials handling products market
massively.
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The
construction industry is riding the wave of rising disposable incomes
in emerging Southeast Asian countries to post booming figures. The
Asia Pacific construction industry is a leading end user of bulk
materials handling products, although steady demand from renovation
activities in developed economies is also boosting the overall demand
for bulk materials handling products and technologies from the global
construction industry.
Countries
such as China and India are also rising rapidly to the forefront of
the global manufacturing sector, with China historically established
as a profitable production base for a wide variety of items. The
Indian manufacturing sector is also growing and is supported
liberally by the Indian government. Demand for automation equipment
from the advancing manufacturing sector has led to high demand for
bulk materials handling products and technologies. Demand from
developing Southeast Asian countries is expected to keep the share of
the Asia Pacific market for bulk materials handling above 30% of the
global market in the foreseeable future.
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Europe
Leading Global Bulk Materials Handling Products and Technologies
Market
However,
the Asia Pacific market is no match for Europe in the global
scenario. The Europe market held a share of 34.5% in the global bulk
materials handling products and technologies market in 2013 on the
back of consistent technological development and consequent demand
for sophisticated automation products. Though the APAC market will
witness a considerable rise in demand for bulk materials handling in
the next few years, the Europe market will remain the global leader
for the foreseeable future.
Solid
Bulk Materials Leading Product Sector of Bulk Materials Handling
Products and Technologies Market
The
global market for bulk materials handling products and technologies
is led by demand for solid bulk materials handling. Powder bulk
materials, in particular, are growing in demand in the global
scenario. Demand for cement from the global construction industry and
for various fertilizers from the developing agriculture sector is
responsible in large part for the growing demand for powder bulk
materials handling products and technologies.
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