Evolving Opportunities In Global Apron Feeder Market 2020-2024
Posted by Loise Williams on February 6th, 2020
The apron feeder market is poised to grow by USD 746 million during 2020-2024, progressing at a CAGR of 4% during the forecast period
The market is driven by the increasing demand for artificial sand. In addition, technological developments in material handling equipment are anticipated to boost the growth of the apron feeder market.
River sand is used in infrastructure projects as it offers the necessary strength required for building structures. However, the extraction of sand from river basins has had a negative impact on the environment. Riverbanks are witnessing rapid erosion and the wellbeing of wildlife and livestock are under threat. As a result, many regional governments across the globe have come up with restrictions on its use. Thus, project owners have come up with a viable alternative for river sand, that is, artificial sand. Artificial sand is produced by crushing granite or basalt rock with the help of crushing equipment. The demand for artificial sand is expected to increase in several industries as it is a cost-effective option for project owners. Thus, with the increase in the use of artificial sand, the demand for apron feeders that are compatible with crushing equipment is expected to increase during the forecast period.
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Five Major Apron Feeder Market Vendors:
FLSmidth A/S has business operations under two segments, namely mining and cement. The company offers apron feeder and hybrid apron feeders to convey raw materials for the cement and mining industry.
McLanahan Corp. offers a wide range of products for process solutions such as bedding dryers, feeder-breakers, feeders, UltraWASH modular wash plants, and vibratory screens for industries such as mineral processing, aggregate processing, and agricultural.
Metso Corp. operates its business through two segments, such as minerals and flow control. The company offers apron feeders for mineral processing and downstream equipment.
Sandvik AB has business operations under various segments, such as mining, engineering, automotive, energy, construction, and aerospace. The company offers inclined apron feeders which are used to extract materials from dump hoppers, truck tip heads or car dumpers at mining sites.
Terex Corp. operates its business through three segments, namely aerial work platforms, cranes, and materials processing. The company offers heavy-duty crawler tractor incorporated with rollers and chains, a fabricated support frame, high-strength steel head shafts, and tail shafts.
Apron Feeder Product Outlook (Revenue, USD Billion, 2020-2024)
Apron Feeder Regional Outlook (Revenue, USD Billion, 2020-2024)
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About the AuthorLoise Williams
Joined: August 7th, 2019
Articles Posted: 266
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