According to a new market research report published by Credence Research, ‘Bulk Material Handling Equipment Market (by Equipment Type: Stacker, Reclaimer, Stacker Reclaimer, Band Conveyor, Bucket Wheel Excavator, Stripping Shovel, Rope Shovel, Bucket Elevator, Ship Loader, and Bucket Crane; by End-user Industries: Mining, Construction, Industrial Manufacturing, Port & cargo Terminal, and Packaging) - Growth, Future Prospects, and Competitive Landscape, 2018-2026’, the bulk material handling equipment market was valued US$38.29 billion in 2017 and estimated to grow with a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2018 to 2026.
Processes such as extraction of natural resources, construction of infrastructures, manufacturing, packaging and cargo transportations are no exception to the scenario. The growth in aforementioned sectors is considered the most vital factor for the growth of bulk material handling equipment market. Equipment has evolved a great deal with respect to design, functionality, and efficiency helping several end-use industries, especially the mining and construction industries.
Read the article online at: https://www.drybulkmagazine.com/material-handling/15102018/bulk-material-handling-market-to-reach-us5683-billion-by-2026-says-credence/