The Europe bucket elevator market is expected to grow from US$ 223.61 million in 2022 to US$ 309.75 million by 2028. It is estimated to grow at a CAGR of 5.6% from 2022 to 2028.
Increased Use of Bucket Elevators in Cement Plants with Growth in Infrastructure Projects is Driving the Europe Bucket Elevator Market
The migration of people from rural to urban areas over the years has been a common phenomenon worldwide, particularly in developing countries. The percentage of urban dwellers was above 79% in developed countries, including the UK. With the growing urban population, the need for high-rise buildings has increased in urban areas. In September 2020, Beumer Group completed the installation of Germany’s highest bucket elevator at Heidelberg Cement’s Schelklingen plant near Ulm, Baden-Württemberg, Germany. The installed high-capacity belt bucket elevator has a center distance of 131.8 m and a bucket width of 800 mm, and it achieves an output of 400 tph. Such instances indicate the rising demand for various types of bucket elevators in the cement industry.
Europe Bucket Elevator Market Overview
Based on geography, the Europe bucket elevator market is segmented into Germany, France, Italy, UK, Russia, and the Rest of Europe. European countries like France, Germany, and the UK have a robust construction industry. Favourable government initiatives, along with global manufacturing companies opening their production plants in the European region, are accelerating the growth of the construction industry. The healthcare sector of the region has also increased its investment significantly. Some of the major developments in the healthcare industry influencing the growth of the construction sector are mentioned below:
The region also homes several food manufacturers. Ferrero Group, FrieslandCampina, JBS, Planted, Brewdog, Huel, Kraft, Mars food, Nestle, and Unilever are among the renowned ones. The strategic initiatives of these companies to expand their production capabilities in Europe and increase their annual production volume are further contributing to the growing demand for bucket elevators from the food industry, thereby contributing to its market growth.
The region homes several bucket elevator market players, such as BEUMER Group GmbH & Co KG, Gough & Co (Engineering) Ltd, Motridal SpA, Skandia Elevator AB, and AGCO Corp. The organic and inorganic growth strategies adopted by these companies to expand their product portfolio and geographical presence are further driving the Europe bucket elevator market growth. For instance, BDC, which offers grain handling and storage solutions, launched Skandia’s products in the UK. In the UK, BDC Systems distributes a complete range of grain handling machinery from the renowned Skandia Elevator range of belt & bucket elevators, chain & flight conveyors. The latest Skandia products are new In Line conveyor outlet slides as well as a new design of Dust and Chaff extractor.
Europe Bucket Elevator Market Revenue and Forecast to 2028 (US$ Million)
Europe Bucket Elevator Market Segmentation
The Europe bucket elevator market is segmented into type, capacity, industry, and country.
Based on type, the Europe bucket elevator market is segmented into centrifugal discharge elevators, continuous discharge elevators, positive discharge elevators. In 2022, the centrifugal discharge elevators segment registered a largest share in the Europe bucket elevator market.
Based on capacity, the Europe bucket elevator market is segmented as upto 350 cubic feet per hour, 351–830 cubic feet per hour, 2001 – 2800 cubic feet per hour, 831 – 2000 cubic feet per hour, above 2801 cubic feet per hour. In 2022, the 350 cubic feet per hour segment registered a largest share in the Europe bucket elevator market.
Based on industry, the Europe bucket elevator market is segmented into construction, agriculture, mining, fertilizers & chemicals, energy and utilities, paper and pulp, others. In 2022, the construction segment registered a largest share in the Europe bucket elevator market.
Based on country, the Europe bucket elevator market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. In 2022, the Germany segment registered a largest share in the Europe bucket elevator market.
AGCO Corp; BEUMER Group GmbH & Co KG; Gough & Co (Engineering) Ltd; Motridal SpA; Ryson International Inc; Satake Corp; and Skandia Elevator AB are the leading companies operating in the Europe bucket elevator market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 223.61 Million |
| Market Size by 2028 | US$ 309.75 Million |
| CAGR (2022 - 2028) | 5.6% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Bucket Elevator Market is valued at US$ 223.61 Million in 2022, it is projected to reach US$ 309.75 Million by 2028.
As per our report Europe Bucket Elevator Market, the market size is valued at US$ 223.61 Million in 2022, projecting it to reach US$ 309.75 Million by 2028. This translates to a CAGR of approximately 5.6% during the forecast period.
The Europe Bucket Elevator Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Bucket Elevator Market report:
The Europe Bucket Elevator Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Bucket Elevator Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Bucket Elevator Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Bucket Elevator Market
