Market Overview:
The global bucket elevators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for bucket elevators from various end-use industries, such as power plants, fertilizer plants, pulp & paper mills, and others. In addition, the growing demand for energy-efficient and reliable equipment is also contributing to the growth of this market.
Product Definition:
Bucket elevators are a type of conveyor belt used to transport materials vertically or on an incline. They consist of a series of buckets, or "belts", attached to a rotating shaft. The buckets are filled with material at the lower end and then travel up the shaft, emptying their contents at the upper end. Bucket elevators are commonly used in industrial applications to move materials such as grain, coal, ore, and other bulk commodities.
Continuous Single Chain:
Continuous single chain (CSC) is a new technology that has emerged in the elevator industry over the last five years. It has been used in very few elevators so far, but with huge success. CSC allows for more reliability and less downtime than other technologies such as hydraulic elevators and conventional/conventional gearless elevators which makes it suitable to be used in high rise buildings where there are critical operations carried out on every floor.
Continuous Double Chain:
Continuous double chain is a method of lifting heavy material using two chains connected by a sprocket. The most common application of this equipment is in the form of Elevator cars or Hoist Lift trucks that are used to lift materials such as steel, concrete, and so on. These vehicles have an open platform at the bottom with chains wrapping around it to carry the load above head level.
Application Insights:
The other application segment includes food & beverage, chemical, cement and mining. The growth of the segment can be attributed to growing demand for packaged food products in emerging economies including India and China. In addition, increasing construction activities in developing countries including Brazil and Indonesia are expected to drive the product demand over the forecast period.
Bucket elevators are used at power plants as well as fertilizer plants due to their ability of moving materials up from lower floors to higher floors with ease. Growing urbanization along with industrialization has led to an increased need for power generation which is a major factor driving the adoption of bucket elevators at power plants across various regions globally.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to the presence of major industry participants, such as Doosan Babcock; Bechtel; Fluor Corporation; and J. Ray McDermott & Associates Inc., in this region. These companies are engaged in R&D activities for developing innovative products with higher capacity and efficiency, which will help increase plant capacity utilization rates for minimizing down time of plants.
Asia Pacific is anticipated to witness substantial growth over the coming years owing to increasing construction activities related to new power plants and fertilizer plants along with rising demand for electricity.
Growth Factors:
- Increasing demand for agricultural products: The global population is increasing at a rapid pace and so is the demand for food. This is driving the growth of the agricultural sector, which in turn is fueling the growth of the Bucket Elevators market.
- Rising industrialization in developing countries: A large number of developing countries are witnessing rapid industrialization, which is leading to an increase in demand for machinery and equipment such as Bucket Elevators.
- Technological advancements: The Bucket Elevators market is witnessing significant advancements in technology, with manufacturers introducing new and innovative products into the market. This is helping to drive growth in this market segment.
- Growing awareness about safety standards: There has been a growing awareness among consumers about safety standards while using machinery such as Bucket Elevators, which has led to an increase in adoption rates of these devices across industries worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bucket Elevators Market Research Report
By Type
Continuous Single Chain, Continuous Double Chain
By Application
Power plants, Fertilizer Plants, Pulp & Paper Mills, Other
By Companies
FEECO International, Inc., AGI, WAMGROUP, BEUMER Group, Norstar Industries, Meyer Industries, Sweet Manufacturing Company, SOBY, SKANDIA Elevator AB, Zuther GmbH, FEECO International, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Bucket Elevators Market Report Segments:
The global Bucket Elevators market is segmented on the basis of:
Types
Continuous Single Chain, Continuous Double Chain
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power plants, Fertilizer Plants, Pulp & Paper Mills, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- FEECO International, Inc.
- AGI
- WAMGROUP
- BEUMER Group
- Norstar Industries
- Meyer Industries
- Sweet Manufacturing Company
- SOBY
- SKANDIA Elevator AB
- Zuther GmbH
- FEECO International, Inc.
Highlights of The Bucket Elevators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Continuous Single Chain
- Continuous Double Chain
- By Application:
- Power plants
- Fertilizer Plants
- Pulp & Paper Mills
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bucket Elevators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bucket elevators are a type of conveyor belt that moves buckets of material up and down. They are often used in factories to move large amounts of materials quickly and easily.
Some of the major players in the bucket elevators market are FEECO International, Inc., AGI, WAMGROUP, BEUMER Group, Norstar Industries, Meyer Industries, Sweet Manufacturing Company, SOBY, SKANDIA Elevator AB, Zuther GmbH, FEECO International, Inc..
The bucket elevators market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bucket Elevators Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bucket Elevators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bucket Elevators Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bucket Elevators Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bucket Elevators Market Size & Forecast, 2018-2028
4.5.1 Bucket Elevators Market Size and Y-o-Y Growth
4.5.2 Bucket Elevators Market Absolute $ Opportunity
Chapter 5 Global Bucket Elevators Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bucket Elevators Market Size Forecast by Type
5.2.1 Continuous Single Chain
5.2.2 Continuous Double Chain
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bucket Elevators Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bucket Elevators Market Size Forecast by Applications
6.2.1 Power plants
6.2.2 Fertilizer Plants
6.2.3 Pulp & Paper Mills
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bucket Elevators Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bucket Elevators Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bucket Elevators Analysis and Forecast
9.1 Introduction
9.2 North America Bucket Elevators Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bucket Elevators Market Size Forecast by Type
9.6.1 Continuous Single Chain
9.6.2 Continuous Double Chain
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bucket Elevators Market Size Forecast by Applications
9.10.1 Power plants
9.10.2 Fertilizer Plants
9.10.3 Pulp & Paper Mills
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bucket Elevators Analysis and Forecast
10.1 Introduction
10.2 Europe Bucket Elevators Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bucket Elevators Market Size Forecast by Type
10.6.1 Continuous Single Chain
10.6.2 Continuous Double Chain
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bucket Elevators Market Size Forecast by Applications
10.10.1 Power plants
10.10.2 Fertilizer Plants
10.10.3 Pulp & Paper Mills
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bucket Elevators Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bucket Elevators Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bucket Elevators Market Size Forecast by Type
11.6.1 Continuous Single Chain
11.6.2 Continuous Double Chain
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bucket Elevators Market Size Forecast by Applications
11.10.1 Power plants
11.10.2 Fertilizer Plants
11.10.3 Pulp & Paper Mills
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bucket Elevators Analysis and Forecast
12.1 Introduction
12.2 Latin America Bucket Elevators Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bucket Elevators Market Size Forecast by Type
12.6.1 Continuous Single Chain
12.6.2 Continuous Double Chain
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bucket Elevators Market Size Forecast by Applications
12.10.1 Power plants
12.10.2 Fertilizer Plants
12.10.3 Pulp & Paper Mills
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bucket Elevators Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bucket Elevators Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bucket Elevators Market Size Forecast by Type
13.6.1 Continuous Single Chain
13.6.2 Continuous Double Chain
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bucket Elevators Market Size Forecast by Applications
13.10.1 Power plants
13.10.2 Fertilizer Plants
13.10.3 Pulp & Paper Mills
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bucket Elevators Market: Competitive Dashboard
14.2 Global Bucket Elevators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FEECO International, Inc.
14.3.2 AGI
14.3.3 WAMGROUP
14.3.4 BEUMER Group
14.3.5 Norstar Industries
14.3.6 Meyer Industries
14.3.7 Sweet Manufacturing Company
14.3.8 SOBY
14.3.9 SKANDIA Elevator AB
14.3.10 Zuther GmbH
14.3.11 FEECO International, Inc.
