The demand for bucket elevators experienced a major fall in 2020 on account ofCovid-19 pandemic. However as the current condition is recovering in 2021, researches are getting conducted to bring continuous developments in this market. The inexorable efforts of market players are helping them to recover their earlier positions.
Bucket elevators are available in different forms in terms of their applications such as high-capacity belt bucket elevators, heavy-duty elevators, chain-bucket elevators, high-capacity elevators, continuous-style bucket elevators etc. These elevators are used according to different needs. In 2021, continuous-style elevators are highly preferred in the industries as they offer gentle handing of materials that are fragile or susceptible.
In 2021, multi applicability of bucket elevatorsis increasing its adoption in different industries. Recirculation unitsbacked by high pressure roller as well as vertical mills is adding further progress to growing demands.
At present, power plant and construction industries are among the industries that are getting highly dependent on these elevators. New range ofcontinuous-style bucket elevators are getting introduced due to high demands in 2021 to attract different industries. Feeco International and Siemens AG are among the best manufacturers in this market continuosly delivering latest additions and innovations in bucket elevators.
Leading players in 2021 are focusing on R&D investments to diversify their offerings from their competitors. They are persistently working on providing customized bucket elevators to satisfy their customers and to improve their market presence.
For instance, 4B Braime, global leader in material handling and electronic components for bucket elevators launched a new friendly website on 5th August, 2019 called ‘4B’. The website has been designed with the user experience in mind offering a clean fresh look, mobile-friendly design, improved functionality throughout while allowing the customers to access the information about their bucket elevators and other products with ease.This website has become a reference for many people in the bulk handling industry.The development of this online platform has improved the reputation and presence of the company throughout the world.
In addition to that, Silos Cordoba, a spanish manufacturer launched ECH 600 and ECH 800, the company’s heavy duty bucket elevators on August, 2019 for the purpose of grain handling.These elevators have high-strength and are capable of working round the clock and under very difficult conditions. They are made of superior quality materials and are easy to maintain. In 2021, these are the highly demanded bucket elevators in Europe.
Asia Pacific continues to dominate the market in 2021 on account of growing demands from contruction industries of India and China due to rising urbanization and population.It is predicted to further rule the market with the highest CAGR rate through 2030.
Bucket elevators have been deemed effective in vertical transport of diverse bulk materials for decades. Bucket elevators have set the norm for efficient and reliable material handling solutions, with several manufacturers having established facilities across lucrative regions such as North America. On-site field support and application-specific service offerings are key customer attention attracting methods being employed by leading stakeholders in the bucket elevators market.
Requirement-specific service offerings for emergency situations point at complete reliance of customers on manufacturers at critical uptimes. Manufacturers of bucket elevators are focusing on developing products that are designed to handle various bulk materials, and are precision manufactured for catering custom application needs. Centrifugal and continuous bucket elevators are one of the most popular variants in the market, which feature belt carrier line or chain drive for constant and smooth operations.
Belt bucket elevators have witnessed consistent evolution in recent years, enabling greatest possible conveying capacity with maximum center distances. However, chain bucket elevators are in relatively higher demand as preferred conveying systems for transporting coarse-grained materials and hot bulk materials. Additionally, heavy-duty bucket elevators are being developed by prominent manufacturers in a bid to enable maximum conveying capability and heights. Demand for heavy-duty bucket elevators as suitable recirculation units to back high-pressure roller mills, will continue to be a key trend influencing growth of the bucket elevators market.
Bucket Elevators Market: Definition and Introduction
Bucket elevators are one of the most effective solution to move essential materials or components in certain applications. Also known as grain leg, construction of bucket elevator mainly includes bucket, a belt, and accessories for pickup material, among others. It vertically conveys bulk material, wherein materials move using bucket attached to a rotating bucket or chain.
Exceptional characteristics of the elevator includes relatively high tensile strength & fatigue resistance, huge transporting capacity, and better speed operation, easily connecting-disconnecting, reduced chain elongation and superior wear resistance, many more. Various kinds of light, heavy and abrasive materials can be transferred by using bucket elevator.
There are three main type of bucket elevators available in the market – centrifugal, continuous and positive discharge elevator. In centrifugal discharge elevator, buckets discharge product by using centrifugal force, which is mainly applied in agricultural applications.
Continuous discharge elevator is applied for the sluggish product while the positive discharge elevator is used usually for food grade applications. Moreover, bucket elevators have wide application portfolio across various industries, such as building & construction, metallurgy, pharmaceutical, food and agricultural, glass, chemical ceramic and many more.
Bucket Elevators Market: Dynamics
Rising industrialization across emerging countries mainly drive the global bucket elevators market. The increasing demand from the agricultural, chemical and the mining industries, along with growing output growth from the same has been contributing to the growth of the bucket elevators market and is anticipated to continue influence throughout the forecast period. The equipment are relatively smaller in size and chain travels faster (more than 80 m/min), often proving to be significantly effective in solution providing.
At the time of operation, if bucket elevator chain breaks, the quick reinstallation is difficult and required relatively more time to remove broken chain along with higher repair cost, which is one of the key challenges faced by end-users.
Bucket Elevators Market: Regional Outlook
Based on regions, the global bucket elevator market is segmented into seven key regions. North America is expected to hold significant position in the global market owing to demand for high efficiency systems from across various industries. Western Europe is expected to provide sustainable growth opportunities while Asia Pacific is tipped to be high growth market over the forecast period. Due to rapid industrialization and rising population, China, and India are estimated to rapidly expand their share in global bucket elevator market by the end of 2028.
New construction and installation of Greenfield plants/ operations in the Middle East region, i.e. in places such as Saudi Arabia, Jeddah, Dubai and many other may positively impact the market in the MEA region. The rising economy and penetration of new technologies are anticipated to facilitate the bucket elevator market growth over the forecast period globally.
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Bucket Elevators Market: Key Players
The global bucket elevators market can be identified by participation of large number of small-medium scale players, contributing to significant share to their respective regional markets. Some of the participants identified across the value chain of global bucket elevators market are mentioned below:
- Sukup Manufacturing Co.
- KWS Manufacturing Company, Ltd.
- Mahindra Tsubaki Conveyor Systems
- Mark & Wedell
- Chaoyang Heavy Machinery Manufacturing Co.
- Satake Corporation
- Beumer Group
- FEECO International
- NERAK systems
- FLENDER AG, and others
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends and Issues and Challenges
- Competition & Companies involved
- Value Chain
An Adaptive Approach to Modern-day Research Needs
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest Of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
- South East Asia and Pacific (India, ASEAN, Oceania)
- Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR
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Bucket Elevators Market: Segmentation
Global bucket elevator market is segmented on the basis of classification, by capacity, by application or end users and by regions as mentioned below.
On the basis of type, global bucket elevator market is segmented as listed below:
- Centrifugal discharge elevator
- Continuous discharge elevator
- Positive discharge elevator
On the basis of capacity, global bucket elevator market is segmented as listed below:
- < 1 ton/hr
- 1 ton/hr - 100ton/hr
- 100 ton/hr -250 ton/hr
- 250 ton/hr - 400 ton/hr
- 400 ton/hr - 650 ton/hr
- 650 ton/hr - 800 ton/hr
- >1000 ton/hr
On the basis of applications or end use, global bucket elevator market is segmented as listed below:
- Agriculture Industry
- Power Plant
- Pulp and Paper Mills
- Steel Production Plant
- Lime, Cement, and Other Mining Industries
- Food Industries
- Other Industrial
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