According to our latest market study on " Heavy-Duty Apron Feeder Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Installation Type and Application," the market is expected to grow from US$ 786.86 million in 2022 to US$ 1,332.04 million by 2030; it is anticipated to grow at a CAGR of 6.8% from 2022 to 2030.
Automation plays a crucial role in streamlining various industrial processes, improving efficiency, reducing manual labor, and ensuring consistent material handling operations. Apron feeders are well-suited for integration into automated industrial setups, providing a reliable and controlled material flow between different stages of operations. Automation allows for precise and consistent control of apron feeders, ensuring optimized material handling processes and improved manufacturing efficiency. Apron feeders can be integrated into different automated industrial setups and adjusted to handle various types of materials and production requirements. As more manufacturers recognize the benefits of automation and invest in automated industrial processes, the heavy-duty apron feeder market growth is expected to increase.
The heavy-duty apron feeder market share in Europe is segmented into France, Germany, Italy, Russia, the UK, and the Rest of Europe. Owing to the well-established mining & construction industry, European countries are one of the most lucrative markets in the world for heavy-duty apron feeders. European countries are leading producers of chromium, copper, lead, silver, and zinc. The metal industry in the region is witnessing rising consumption of aggregates, industrial minerals, and metals. As a result, the demand for these metallic ores is majorly stimulated by the metal industry of the region. Austria, Finland, Greece, Ireland, Poland, Portugal, and Sweden are a few leading European metal ore-producing countries. The extraction and supply of minerals play a major role in the European economy. As mining is one of the major end-use industries of the heavy-duty apron feeder market, the well-established mining & construction industry of Europe is projected to offer lucrative opportunities for the heavy-duty apron feeder market growth during the forecast period.
The construction market in the UK is significantly growing. US exporters find a receptive market in the UK due to the recognized quality and reliability of American building products. According to the International Trade Administration (ITA), the UK government has committed to spend US$ 6.14 billion in infrastructure development. With this investment, the maintenance and enhancement of essential institutions such as hospitals (with US$ 1.64 billion allocated) and schools (with US$ 1.97 billion allocated) has experienced immense improvement. Additionally, there's a provision of US$ 1.09 billion for local projects and a substantial amount dedicated to the maintenance of courts and roads. In addition, the heavy-duty apron feeder market growth in the UK is anticipated to be dependent on construction activities. Construction projects, including infrastructure development, building construction, and renovations, often require heavy duty equipment for material handling and processing.
The global heavy-duty apron feeder market players included FLSmidth; MEKA; Metso Outotec Corporation; McLanahan; Sandvik AB; TAKRAF GmbH; Terex Corporation; Thyssenkrupp Industrial Solutions AG; and Williams Patent Crusher and Pulverizer Co., Inc., in 2021. The ranking of these companies is derived by giving weightage to the following key performance parameters: overall revenue, segment revenue, geographical reach, customer base, new product launches, market initiatives, investment in technology up-gradation, R&D investments, mergers & acquisitions, and other market-related activities.
Key Findings of Market Study:
Rapid industrialization in emerging countries in Asia Pacific is accompanied by high growth in industrial output in construction and mining sectors and increased investments in energy and transport infrastructure. These countries rely on imports to acquire high-tech and productive machine tools. Cheap labor costs, easy availability, and wide scope for development within the manufacturing sector aid in this region's heavy-duty apron feeder market growth.
Emerging countries in Asia Pacific are investing heavily in various activities such as coal, cement, mining, minerals processing, and solid waste handling, which require the application of heavy-duty apron feeders, thus increasing heavy-duty apron feeder market share in the region.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com