Bulk Material Handling System Market: To Hold A High Potential For Growth By 2019 - 2027

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Global Bulk Material Handling System Market – Overview

Rising concerns about the adverse environmental impact of several industries has led to consumers inclining towards waste recycling and management. This change is brought about by the combined effort of public and private sectors.  Hence, bulk material handling systems are gaining more demand particularly in the privately sectors and composting sites. This will help in augmenting the demand for the global market.

Global Bulk Material Handling System Market – Notable Developments

Some of the key development in the global bulk material handling system market are
  • In July 2017, FLSmidth entered into an agreement to acquire mining Systems operations of Sandvik AB, with an aim to expand its product offering and bulk material handling systems market reach.
  • In 2017, Hitachi Construction Machinery Co., Ltd. acquired Bradken limited, a major manufacturer and supplier of bulk material handling systems products for mining, transport, general industrial and contract manufacturing markets.
Some of the key players in the global bulk material handling system market are Thyssenkrupp, Techint Group, FL Smidth, Hitachi Construction Machinery Co., Liebherr Group, IHI Transport Machinery Co., Ltd., and Kawasaki Heavy Industries among others.
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Global Bulk Material Handling System Market – Drivers and Restraints

There are numerous factors that are projected to have a positive influence on the overall development of the global bulk material handling system market. One of the key growth factors for the global market has been rising number of infrastructural growth projects across the world. Moreover, stronger economic developments in recent years has also helped in driving the market growth. These infrastructural development activities are projected to create strong demand for mining and construction equipment that has improved productivity and efficiency. 
However, there are couple of factors that might impede the growth of the global market for bulk material handling system. One of the key restraining factor for the market growth has the outbreak of the Covid-19 pandemic. The virus outbreak has led to large-scale shutdown in prominent end use industries. The lockdown has affected these sectors and thus demand for the bulk material handling system has gone down. Another important restraining factor for the market growth has been the high initial investment required for setup of these systems. Moreover, high operational costs are also likely to slow down the market growth in coming years.

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