From agriculture to food and from manufacturing to pharmaceuticals, the bulk material handling products and technologies market has a strong presence everywhere. The growing population of the world, allied to rising demand from automation, has resulted in strong growth of the global bulk materials handling products and technologies market.
Historically, the agriculture sector has been a leading end user of bulk materials handling products and technologies. Due to the historical eminence of the production sectors in the global economy, industries such as agriculture, sawmill, and mining accounted for the highest demand for bulk materials handling products and technologies. However, with the rising prominence of the service sector, the food and beverages and pharmaceuticals sectors have emerged as major end users of bulk materials handling products.
Emerging Economies: Lifeline of the Bulk Materials Handling Products and Technologies Market
The rise of the industrial sector in emerging economies such as India, China, South Africa, Brazil, Indonesia, and South Korea is a major factor working in favor of the bulk materials handling products and technologies market. Growth of the construction industry in emerging economies is also helping the bulk materials handling products market massively.
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The construction industry is riding the wave of rising disposable incomes in emerging Southeast Asian countries to post booming figures. The Asia Pacific construction industry is a leading end user of bulk materials handling products, although steady demand from renovation activities in developed economies is also boosting the overall demand for bulk materials handling products and technologies from the global construction industry.
Countries such as China and India are also rising rapidly to the forefront of the global manufacturing sector, with China historically established as a profitable production base for a wide variety of items. The Indian manufacturing sector is also growing and is supported liberally by the Indian government. Demand for automation equipment from the advancing manufacturing sector has led to high demand for bulk materials handling products and technologies. Demand from developing Southeast Asian countries is expected to keep the share of the Asia Pacific market for bulk materials handling above 30% of the global market in the foreseeable future.
Europe Leading Global Bulk Materials Handling Products and Technologies Market
However, the Asia Pacific market is no match for Europe in the global scenario. The Europe market held a share of 34.5% in the global bulk materials handling products and technologies market in 2013 on the back of consistent technological development and consequent demand for sophisticated automation products. Though the APAC market will witness a considerable rise in demand for bulk materials handling in the next few years, the Europe market will remain the global leader for the foreseeable future.
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Solid Bulk Materials Leading Product Sector of Bulk Materials Handling Products and Technologies Market
The global market for bulk materials handling products and technologies is led by demand for solid bulk materials handling. Powder bulk materials, in particular, are growing in demand in the global scenario. Demand for cement from the global construction industry and for various fertilizers from the developing agriculture sector is responsible in large part for the growing demand for powder bulk materials handling products and technologies.