Global shiploader and unloader market to reach US$65 850 million by 2025
Published by Stephanie Roker,
Editor
Dry Bulk,
Zion Market Research has recently published a new report titled “Ship Loader & Unloader Market By Product (Stationary and Mobile), By Technology (Mechanical and Pneumatic), By Application (Mining, Packaging, Construction, Manufacturing, Sea Ports & Cargo Terminals, and Others), and By Bulk (Dry and Liquid): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025.”
According to the report, the global shiploader and unloader market was US$52 725 million in 2018, and is expected to reach around US$65 850 million by 2025, growing at a CAGR of 3.2% between 2019 and 2025.
A shiploader and unloader is a massively robust machine that stocks heavy, strong materials, such as metals, grains, composite, coal and various other materials in ships. These machines are prominently used at ports and breakwaters, which are built for the acquisition and delivery of abovementioned industrial and consumer goods. It is basically a mechanical or pneumatic structure comprising extendable arms or blast, belt transport, and tripper to hoist and exchange items from source transport or feeder and a flexible multipurpose structure to help the blast. These are usually employed for a capacity between 1000 - 15 000 tph. Shiploader and unloader machinery provides opportunities to penetrate the untapped markets with new competitive product options.
Some key growth drivers of the shiploader and unloader market are increasing the disposable income of the global population and rapid urbanisation. Globalisation has manifested transport of various industrial and consumer goods worldwide. This global trade has incited the needs of ports equipped with robust machines to handle a wide variety of materials within a short timeframe. Furthermore, investments in infrastructural projects and technological up-gradation will also help the shiploader and unloader market. However, expensive labour and cost of other operational factors may limit the shiploader and unloader market. Conversely, the expected exponential growth in foreign trade and rapid industrialisation in emerging economies such as India, China, and Brazil will present numerous growth opportunities in the shiploader and unloader market.
The shiploader and unloader market is classified on the basis of product, technology, application, and bulk. The product segment includes mobile and stationary. Stationary loaders and unloaders acquired a higher market share, due to fixed localisation of reception and stacking of materials. Based on technology, the market is classified into pneumatic and mechanical. The mechanical machinery is currently leading the shiploader and unloader market. Pneumatic machines are expected to dominate the market in terms of CAGR, owing to their less wear and tear chances and minimal maintenance requirement. By application, the market includes packaging, construction, sea ports, and cargo terminals, manufacturing, mining and others. The mining sector is expected to hold the largest market share in the future. The bulk segment includes liquid and dry sections. The dry segment dominates the market, as they are easy to transport and hassle-free in nature.
Read the full report here.
Read the article online at: https://www.drybulkmagazine.com/material-handling/10092019/global-shiploader-and-unloader-market-to-reach-us65-850-million-by-2025/
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