Technavio, a tech-focused market research firm, has published a new report on the global ship loaders market, which is expected to grow at a CAGR of more than 3% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global ship loaders market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global ship loaders market are elaborated below
Ship loaders market in APAC: The ship loaders market in APAC is driven primarily by the mining industry in China. Despite the economic slowdown in the country, the demand is projected to experience high growth during the forecast period, which in turn, will translate to growth of the ship loaders market in the region. Market research analysts at Technavio estimate the ship loaders market in APAC to account for a revenue of more than USD 4 billion by 2021.
According to Sharan Raj, a lead analyst at Technavio, specializing in research on warehouse and storage, “The growing demand for mined products from industries such as steel, construction, agriculture, chemicals, and electrical utilities is expected to propel the demand for ship loaders in China, resulting in market growth.”
Ship loader market in Americas: The growing number of projects in the construction industry is expected to result in increased demand for iron and cement, which will require ship loaders and other material handling equipment. Furthermore, the application for ship loaders and other material handling equipment’s should increase significantly in South American countries such as Brazil owing to growing investments toward building bridges, highways, roads, and expressways. Colombia also poses immense potential for growth of the market owing to efficient use of its natural resources and the resultant rise in foreign investments.
Ship loader market in EMEA: The mining industry in Africa is mostly export-oriented and is driven by the demand from several large economies. The growth of the global economy, as well as the growth of its major trading partners, will stimulate the mining activities in the continent and subsequently the demand for ship loaders. The ship loader market in EMEA will grow at a CAGR of more than 1% to account for a revenue of almost USD 2 billion by 2021.
The leading vendors operating in the global ship loaders market are:
- AUMUND Group
- FLSmidth
- Telestack
- VIGAN
Other prominent vendors in the market include Agrico Sales, AMECO, EMS-Tech, NEUERO Industrietechnik für Förderanlagen, SMB Group, Tenova TAKRAF, thyssenkrupp, and ZPMC.
A more detailed analysis is available in the Technavio report titled, ‘Global Ship Loaders Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Automated Guided Vehicle (AGV) Market 2017-2021
- Global Pharmaceutical Warehousing Market 2017-2021
- Global Food and Beverage Warehousing Market 2017-2021
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