Bulk Material Handling Systems Market to Witness CAGR of 2.8% Increase in ValuePosted by FMI on February 6th, 2020 Construction and mining industries are major adopters of the bulk material handling systems with demand-driven from activities such as ore extraction, crushing, grinding, site-cleaning, demolishing, decommissioning and others. Moreover, continuous migration, growing urbanization, and high value infrastructure projects with healthy investment drive growth of the bulk material handling market. The bulk material handling systems market was estimated at US$ 4.5 Bn in 2019 and is projected to register a CAGR of about 2.8% over the forecast period. Download Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-672 Key Takeaways of Bulk Material Handling Systems Market Study
“Rental services play a pivotal role in the bulk material handling systems market, as these equipment are capital intensive. Hence, to gain profits in this market, players can focus on offering rental and leasing services while also directly selling bulk material handling systems,” says an FMI analyst. Bulk Material Handling Systems: Competition Scenario The bulk material handling systems market is assessed to be fragmented market, where market players such as Hitachi Construction Machinery Co., Thyssenkrupp, Kawasaki Heavy Industries, Ltd., Liebherr Group, and Sumitomo Heavy Industries are estimated maintain their dominance in the market throughout the forecast period, and have strong order inflow. Like it? Share it!More by this author |