At 7.5% CAGR, the Asia Pacific Heavy-Duty Apron Feeder Market is projected to be worth US$ 556.60 million by 2030, says Business Market Insights
According to Business Market Insights research, the Asia Pacific heavy-duty apron feeder market was valued at US$ 310.95 in 2022 and is expected to reach US$ 556.60 million by 2030, registering a CAGR of 7.5% from 2022 to 2030. Rising industrialization in emerging economies is among the critical factors attributed to the Asia Pacific heavy-duty apron feeder market expansion.
With the increase in industrialization, the demand for raw materials such as minerals, ores, and aggregates are also rising. Heavy duty apron feeders are essential for efficiently transporting these heavy materials from mining and quarrying sites to processing plants. The growing industrialization in emerging economies leads to an increased need for power generation. Heavy duty apron feeders are used in coal-fired power plants to handle and transport coal to the boilers, ensuring a continuous supply for electricity generation. Industrialization leads to higher import and export activities. Heavy duty apron feeders are utilized in ports and terminals to handle and transport bulk commodities efficiently. The growing industrialization drives investment in heavy industries such as mining, steel, cement, and power generation, which boosts the demand for heavy-duty apron feeders. The rising industrialization in emerging economies is anticipated to open substantial growth opportunities for the Asia Pacific heavy-duty apron feeder market. As these economies continue to develop and invest in various industries, the demand for efficient and reliable material handling solutions, such as heavy-duty apron feeders, is likely to increase.
On the contrary, rise in competition from alternative material handling solutions hampers the growth Asia Pacific heavy-duty apron feeder market.
Based on installation type, the Asia Pacific heavy-duty apron feeder market is bifurcated into horizontal and tilted. The horizontal segment held 77.6% share of the Asia Pacific heavy-duty apron feeder market in 2022, amassing US$ 241.25 million. It is projected to garner US$ 425.51 million by 2030 to expand at 7.4% CAGR during 2022-2030.
Based on by application, the Asia Pacific heavy-duty apron feeder market is segmented into aggregates, concrete/cement, crushing, mining, others. The mining segment held 47.3% share of the Asia Pacific heavy-duty apron feeder market in 2022, amassing US$ 147.11 million. It is projected to garner US$ 274.84 million by 2030 to expand at 8.1% CAGR during 2022-2030.
Based on country, the Asia Pacific heavy-duty apron feeder market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held 37.3% share of Asia Pacific heavy-duty apron feeder market in 2022, amassing US$ 115.94 million. It is projected to garner US$ 209.65 million by 2030 to expand at 7.7% CAGR during 2022-2030.
Key players operating in the Asia Pacific heavy-duty apron feeder market are Astec Industries Inc, FLSmidth & co AS, Meka Ithalat Ihracat Pazarlama ve Ticaret AS, Metso Outotec Corp, McLanahan Corp, Sandvik AB, and Thyssenkrupp Industrial Solutions AG, are among others.
In Nov 2022, ThyssenKrupp has been granted a design and supply contract for an apron feeder at BHP Billiton's new Mining Area C facility. The apron feeder will take ROM iron ore from a dump hopper and deposit it on a vibrating grizzly. The apron feeder will be built to withstand high-impact loads and to run constantly.
In May 2022, McLanahan has finished the construction of its largest Apron Feeder to date. The Apron Feeder, which will be used to measure phosphate ore from rail wagons to a conveyor, is 60' (18.2m) long, 24' (7.3m) wide, and 16' (4.9m) height overall, and weighs approximately 365,000 pounds (288,031kg). A school bus could easily fit inside this feeder for scale.
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