South America Bucket Elevator Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Centrifugal Discharge Elevators, Continuous Discharge Elevators, Positive Discharge Elevators), Capacity (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), Industry (Construction, Agriculture, Mining, Fertilizers & Chemicals, Energy and Utilities, Paper and Pulp, Others)

BMIRE00028378 | Pages: 105 | Electronics and Semiconductor | Apr 2023 | Type: Regional | Status: Published

The South America bucket elevator market is expected to grow from US$ 46.86 million in 2022 to US$ 59.59 million by 2028. It is estimated to grow at a CAGR of 4.1% from 2022 to 2028.

Integration of Predictive Maintenance Solutions is Driving the South America Bucket Elevator Market

The presence of several moving components, and the prime function of handling materials in bulk render bucket elevators high-maintenance systems. They are used extensively and without a break in most facilities. Thus, if they are not properly maintained, plants may face frequent disruptions in functioning. Regular cleaning is required to ensure material build-up is continually removed. Also, cleaning the boot after each use is crucial if the elevator is used seasonally. Most bucket elevator manufacturers provide preventive maintenance schedules and activity lists to users for ensuring the smooth operation of the equipment. However, users frequently fail to follow these schedules. Hence, there is a growing demand for bucket elevators integrated with predictive maintenance solutions. Predictive maintenance involves monitoring the performance of these elevators while they are in operation, using condition-monitoring tools and techniques. The recorded information allows technicians to predict future points of failure in monitored elevators, followed by enabling the repair or replacement of parts before failure. Predictive maintenance can significantly aid in the reduction of maintenance frequency while eliminating unplanned reactive maintenance, minimizing elevator downtime, and reducing associated maintenance costs. The ongoing developments in artificial intelligence (AI) and machine-to-machine (M2M) communications have created new possibilities for gathering artificially derived information from bucket elevators. IoT devices, including detectors, cameras, and other connected devices, can derive vast amounts of data from various parts of bucket elevators. Throughout the machine's lifecycle, IoT sensors collect any relevant data and store it on the cloud. AI can make specific recommendations on what actions need to be taken to maintain the health of company assets. Companies are integrating AI into predefined predictive maintenance models to automate data interpretation processes and gain real-time awareness from data generated from these IoT devices. Often, these recommendations are warnings of actions that a technician should take. These recommendations may vary from a simple request to perform a software update or tightening of bolts to complex repairs. AI and machine learning (ML) advancements can significantly change how predictive maintenance works. Bucket elevator market players have already started rolling out predictive maintenance solutions for these products. In January 2023, CICSA srl designed a solution for comprehensive predictive maintenance of conveyor systems. The solution can automatically measure and track the wear and tear status, along with the mechanical loading conditions of the chain equipment of any type of bucket elevator and conveyor. Such solutions are likely to be installed on most conveyor systems, such as bucket elevators, in the near future.

South America Bucket Elevator Market Overview

The South America (SAM) bucket elevator market is segmented into Brazil, Argentina, and the Rest of SAM. Countries in SAM, such as Argentina, Brazil, Chile, and Peru, are witnessing rapid economic growth with the increase in global food manufacturers investing in the region to set up their manufacturing plants. The availability of labor at a lower cost is catalyzing investment by global firms to set up their production plants in the region. Some of the major investments by food manufacturers in the region are mentioned below:

  • In March 2022, Purina started the development of a new pet food factory in Brazil. The factory is expected to be operational in the third quarter of 2023.
  • In July 2022, Canpack announced an investment of US$ 140 million to develop a new could production plant in Brazil. The facility is expected to have a capacity of 1.3 billion cans annually.
  • Lesaffre, in June 2022, announced the development of a yeast manufacturing plant in Brazil. This factory is opened to efficiently cater to the growing demand from SAM.
  • Lamb Weston Holdings, Inc., in July 2022, announced the construction of a new manufacturing facility in Mar Del Plata, Buenos Aires, Argentina, to expand its manufacturing capabilities.

Additionally, the construction industry across the region is significantly growing, with both public and private organizations investing in the development of infrastructures such as hospitals, airports, commercial complexes, and industrial plants. Some of the major construction projects in the region include:

  • The Brazilian government, in October 2022, announced its investment of US$ 145 million for the construction of a new hospital in Brazil.
  • Tenaris, in April 2021, announced the construction of its new laboratory in Argentina.

Apart from the ongoing construction projects, the government bodies across SAM are also heavily investing in the construction of infrastructure. These factors are, in turn, increasing the demand for bucket elevators, thereby contributing to the market growth.

South America Bucket Elevator Market Revenue and Forecast to 2028 (US$ Million)

South America Bucket Elevator Market Revenue and Forecast to 2028 (US$ Million)

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South America Bucket Elevator Market Segmentation 

The South America bucket elevator market is segmented into type, capacity, industry, and country.

Based on type, the South America 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 South America bucket elevator market.

Based on capacity, the South America 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 South America bucket elevator market.

Based on industry, the South America 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 South America bucket elevator market.

Based on country, the South America bucket elevator market is segmented into Brazil, Argentina, and the Rest of South America. In 2022, Brazil segment registered a largest share in the South America bucket elevator market.

AGCO Corp; BEUMER Group GmbH & Co KG; Ryson International Inc; Satake Corp; and Skandia Elevator AB are the leading companies operating in the South America bucket elevator market. 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        SAM Bucket Elevator Market – By Type

1.3.2        SAM Bucket Elevator Market – By Capacity

1.3.3        SAM Bucket Elevator Market – By Industry

1.3.4        SAM Bucket Elevator Market- By Country

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           SAM Bucket Elevator Market Landscape

4.1         Market Overview

4.2         SAM PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           SAM Bucket Elevator Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Demand for Bucket Elevators in Fertilizer Industry

5.2         Market Restraints

5.2.1        Difficulties in Maintenance and Availability of Alternative Conveyors

5.3         Market Opportunities

5.3.1        Surging Need for Food Grains and Seeds

5.4         Future Trends

5.4.1        Integration of Predictive Maintenance Solutions

5.5         Impact Analysis of Drivers and Restraints

6.           Bucket Elevator Market – SAM Analysis

6.1         SAM Bucket Elevator Market Overview

6.2         SAM Bucket Elevator Market – Revenue and Forecast to 2028 (US$ Million)

7.           SAM Bucket Elevator Market Analysis – By Type

7.1         Overview

7.2         SAM Bucket Elevator Market, By Type (2021 and 2028)

7.3         Centrifugal Discharge Elevators

7.3.1        Overview

7.3.2        Centrifugal Discharge Elevators: SAM Bucket Elevator Market – Revenue, and Forecast to 2028 (US$ Million)

7.4         Continuous Discharge Elevators

7.4.1        Overview

7.4.2        Continuous Discharge Elevators: SAM Bucket Elevator Market – Revenue, and Forecast to 2028 (US$ Million)

7.5         Positive Discharge Elevators

7.5.1        Overview

7.5.2        Positive Discharge Elevators: SAM Bucket Elevator Market – Revenue, and Forecast to 2028 (US$ Million)

8.           SAM Bucket Elevator Market Analysis – By Capacity

8.1         Overview

8.2         SAM Bucket Elevator Market, By Capacity (2021 and 2028)

8.3–830 Cubic Feet Per Hour

8.3.1        Overview

8.3.2–830 Cubic Feet Per Hour: SAM Bucket Elevator Market- Revenue and Forecast to 2028 (US$ Million)

8.41 – 2800 Cubic Feet Per Hour

8.4.1        Overview

8.4.21 – 2800 Cubic Feet Per Hour: SAM Bucket Elevator Market- Revenue and Forecast to 2028 (US$ Million)

8.5 – 2000 Cubic Feet Per Hour

8.5.1        Overview

8.5.2 – 2000 Cubic Feet Per Hour: SAM Bucket Elevator Market- Revenue and Forecast to 2028 (US$ Million)

8.6         Above 2801 Cubic Feet Per Hour

8.6.1        Overview

8.6.2        Above 2801 Cubic Feet Per Hour: SAM Bucket Elevator Market- Revenue and Forecast to 2028 (US$ Million)

8.7         Upto 350 Cubic Feet Per Hour

8.7.1        Overview

8.7.2        Upto 350 Cubic Feet Per Hour: SAM Bucket Elevator Market- Revenue and Forecast to 2028 (US$ Million)

9.           SAM Bucket Elevator Market Analysis – By Industry

9.1         Overview

9.2         SAM Bucket Elevator Market Breakdown, By Industry, 2021 & 2028

9.3         Construction

9.3.1        Overview

9.3.2        Construction Market Revenue and Forecast to 2028 (US$ Million)

9.4         Agriculture

9.4.1        Overview

9.4.2        Agriculture Market Revenue and Forecast to 2028 (US$ Million)

9.5         Mining

9.5.1        Overview

9.5.2        Mining Market Revenue and Forecast to 2028 (US$ Million)

9.6         Fertilizers and Chemicals

9.6.1        Overview

9.6.2        Fertilizers and Chemicals Market Revenue and Forecast to 2028 (US$ Million)

9.7         Energy and Utilities

9.7.1        Overview

9.7.2        Energy and Utilities Market Revenue and Forecast to 2028 (US$ Million)

9.8         Paper and Pulp

9.8.1        Overview

9.8.2        Paper and Pulp Market Revenue and Forecast to 2028 (US$ Million)

9.9         Others

9.9.1        Overview

9.9.2        Others Market Revenue and Forecast to 2028 (US$ Million)

10.        SAM Bucket Elevator Market – Country Analysis

10.1      Overview

10.1.2     South America Bucket Elevator Market Breakdown, by Country

10.1.2.1       Brazil Bucket Elevator Market, Revenue and Forecast to 2028

10.1.2.1.1       Brazil Bucket Elevator Market Breakdown, By Type

10.1.2.1.2       Brazil Bucket Elevator Market Breakdown, By Capacity

10.1.2.1.3       Brazil Bucket Elevator Market Breakdown, By Industry

10.1.2.2       Argentina Bucket Elevator Market, Revenue and Forecast to 2028

10.1.2.2.1       Argentina Bucket Elevator Market Breakdown, By Type

10.1.2.2.2       Argentina Bucket Elevator Market Breakdown, By Capacity

10.1.2.2.3       Argentina Bucket Elevator Market Breakdown, By Industry

10.1.2.3       Rest of SAM Bucket Elevator Market, Revenue and Forecast to 2028

10.1.2.3.1       Rest of SAM Bucket Elevator Market Breakdown, By Type

10.1.2.3.2       Rest of SAM Bucket Elevator Market Breakdown, By Capacity

10.1.2.3.3       Rest of SAM Bucket Elevator Market Breakdown, By Industry

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

11.4      Merger and Acquisition

12.        Company Profiles

12.1      BEUMER Group GmbH & Co KG

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Skandia Elevator AB

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Satake Corp

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      AGCO Corp

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Ryson International Inc

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

 

 

LIST OF TABLES

Table 1.             SAM Bucket Elevator Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             South America Bucket Elevator Market, Revenue and Forecast To 2028 – By Country (US$ Million)

Table 3.             Brazil Bucket Elevator Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 4.             Brazil Bucket Elevator Market, Revenue and Forecast to 2028 – By Capacity (US$ Million)

Table 5.             Brazil Bucket Elevator Market, Revenue and Forecast to 2028 – By Industry (US$ Million)

Table 6.             Argentina Bucket Elevator Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 7.             Argentina Bucket Elevator Market, Revenue and Forecast to 2028 – By Capacity (US$ Million)

Table 8.             Argentina Bucket Elevator Market, Revenue and Forecast to 2028 – By Industry (US$ Million)

Table 9.             Rest of SAM Bucket Elevator Market, Revenue and Forecast to 2028 – By Type (US$ Million)

Table 10.          Rest of SAM Bucket Elevator Market, Revenue and Forecast to 2028 – By Capacity (US$ Million)

Table 11.          Rest of SAM Bucket Elevator Market, Revenue and Forecast to 2028 – By Industry (US$ Million)

Table 12.          List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           SAM Bucket Elevator Market Segmentation

Figure 2.           SAM Bucket Elevator Market Segmentation – By Country

Figure 3.           SAM Bucket Elevator Market Overview

Figure 4.           Centrifugal Discharge Elevators Segment held the Largest Share of SAM Bucket Elevator Market

Figure 5.–830 Cubic Feet Per Hour Segment held the Largest Share of SAM Bucket Elevator Market

Figure 6.           Construction Segment held the Largest Share of SAM Bucket Elevator Market

Figure 7.           Brazil to Show Great Traction During Forecast Period

Figure 8.           SAM: PEST Analysis

Figure 9.           Expert Opinion

Figure 10.        SAM Bucket Elevator Market Impact Analysis of Drivers and Restraints

Figure 11.        SAM Bucket Elevator Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        SAM Bucket Elevator Market Revenue Share, By Type (2021 and 2028)

Figure 13.        Centrifugal Discharge Elevators: SAM Bucket Elevator Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 14.        Continuous Discharge Elevators: SAM Bucket Elevator Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 15.        Positive Discharge Elevators: SAM Bucket Elevator Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 16.        SAM Bucket Elevator Market Revenue Share, By Capacity (2021 and 2028)

Figure 17.–830 Cubic Feet Per Hour: SAM Bucket Elevator Market- Revenue and Forecast to 2028 (US$ Million)

Figure 18.1 – 2800 Cubic Feet Per Hour: SAM Bucket Elevator Market- Revenue and Forecast to 2028 (US$ Million)

Figure 19. – 2000 Cubic Feet Per Hour: SAM Bucket Elevator Market- Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Above 2801 Cubic Feet Per Hour: SAM Bucket Elevator Market- Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Upto 350 Cubic Feet Per Hour: SAM Bucket Elevator Market- Revenue and Forecast to 2028 (US$ Million)

Figure 22.        SAM Bucket Elevator Market Revenue Share, By Industry (2021 and 2028)

Figure 23.        Construction Market Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Agriculture Market Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Mining Market Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Fertilizers and Chemicals Market Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Energy and Utilities Market Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Paper and Pulp Market Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Others Market Revenue and Forecast to 2028 (US$ Million)

Figure 30.        South America Bucket Elevator Market Breakdown, by Country, (2021) (US$ Million)

Figure 31.        South America Bucket Elevator Market Breakdown, by Country, 2021 & 2028 (%)

Figure 32.        Brazil Bucket Elevator Market, Revenue and Forecast to 2028 (US$ Million)

Figure 33.        Argentina Bucket Elevator Market, Revenue and Forecast to 2028 (US$ Million)

Figure 34.        Rest of SAM Bucket Elevator Market, Revenue and Forecast to 2028 (US$ Million)

  1. AGCO Corp                                
  2. BEUMER Group GmbH & Co KG      
  3. Ryson International Inc          
  4. Satake Corp                                    
  5. Skandia Elevator AB   
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America bucket elevators market.   
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the South America bucket elevators market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth South America market trends and outlook coupled with the factors driving the bucket elevators market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  

 

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