Report : South America Loading Spout Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Loading System (Closed Loading, Open Loading, and Combined Loading), Type (Heavy-Duty Loading Spout and Standard Duty Loading Spout), and End User (Mining, Shipping, Food and Beverage, Oil and Gas, Construction, Chemical, and Others)
At 2.2% CAGR, the SAM Loading Spout Market is speculated to be worth US$ 10.19 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the SAM loading spout market was valued at US$ 8.92 million in 2022 and is expected to reach US$ 10.19 million by 2028, registering a CAGR of 2.2% from 2022 to 2028. Technological advancements in loading spouts and uptake of dustless loading spouts with integrated dust collector and growing expansion of industrial sector are the critical factors attributed to the market expansion.
Technological advancements in loading spouts have aided their demand in industrial applications. Loading spouts are provided with a positioner, integral dust collector, and weighing and control automation. Key players engaged in the business are extensively focused on designing the loading spout to load dry, dusty, and free-flowing bulk material into open/closed trucks, railcars, barges, ships, and stockpiles with almost no dust emission. Loading spouts are available with a wide variety of control features for required lengths and capacities. Developments in loading spout products are based on their loading capacity for dry powdered or granular dry bulk solids. Also, loading spouts are fitted with single and dual-axis positioners with automated controls, a dust filtration system, and high flexibility to move. Manufacturers are using Computer-Aided Design (CAD) and Computer-Aided Manufacturing (CAM) to develop precise and highly efficient loading spouts. These advanced manufacturing technologies ensure high durability, speed, and accuracy, strongly focused on providing cost-efficient equipment. This innovative manufacturing approach is likely to advocate an increase in loading spout demand through 2028. Semi motorized loading spout offers cost effectiveness, high operational efficiency, and durability that can offset the additional pricing compared to a manual loading spout. Leading players are also engaged in investing in research and development capabilities to strengthen the demand for loading spouts in industrial applications. For instance, the telescopic loading spouts are designed to efficiently dust-free loading dry, dusty bulk solids into tankers and open vehicles or railcars. The telescopic dustless loading spouts are designed to load dry, dusty, and free-flowing bulk material into open/closed trucks, railcars, barges, ships, and stockpiles with almost no dust emission. Thus, such advanced features of loading spouts are further fueling the adoption across industrial applications, which is likely to drive market growth over the forecast period.
On the contrary, high operational & maintenance costs of loading spout hurdles the growth of SAM loading spout market.
- Based on loading system, the SAM loading spout market is segmented into closed loading, open loading, and combined loading. The open loading segment held 59.1% market share in 2022, amassing US$ 5.27 million. It is projected to garner US$ 6.10 million by 2028 to expand at 2.5% CAGR during 2022–2028.
- Based on type, the SAM loading spout market is bifurcated into heavy-duty loading spout and standard duty loading spout. The standard duty loading spout segment held 61.8% market share in 2022, amassing US$ 5.51 million. It is projected to garner US$ 6.48 million by 2028 to expand at 2.8% CAGR during 2022–2028.
- Based on end user, the SAM loading spout market is segmented into mining, shipping, food and beverage, oil and gas, construction, chemical, and others. The food and beverage segment held 51.1% market share in 2022, amassing US$ 4.56 million. It is projected to garner US$ 5.33 million by 2028 to expand at 2.6% CAGR during 2022–2028. The construction segment is further segmented into cement producers, terminals, and others.
- Based on country, the SAM loading spout market has been categorized into Brazil, Argentina, and the Rest of SAM. Our regional analysis states that Brazil captured 53.0% market share in 2022. It was assessed at US$ 4.72 million in 2022 and is likely to hit US$ 5.41 million by 2028, exhibiting a CAGR of 2.3% during the forecast period.
Key players dominating the SAM loading spout market are BEUMER Group; HENNLICH s.r.o.; Midwest International Standard Products, Inc.; PEBCO; Polimak Grup Endüstriyel Üretim San. A.Ş; Salina Vortex Corporation; and WAMGROUP S.p.A., among others.
- In 2022, BEUMER Group introduced sophisticated solutions for loading and unloading trucks, railway wagons and ships. The modular design of the BEUMER systems allows customized solutions for many applications. The system provider offers ship loading technology, including quadrant type ship loaders, rail-mounted ship loaders with a luffing and swiveling boom, as well as simple stationary loading towers. All ship loader types can be equipped with telescopic spouts.
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