The global bulk material handling products and technologies market which was worth US$57.60 billion in 2013, is expected to be valued at US$62.36 billion by the end of 2020. The rapid growth of the industrial and construction sectors in emerging markets is expected to propel the global bulk material handling products and technologies market. Increased industrial automation along with increase in mass production methodology and assembly line concept will further boost the market.
The global bulk material handling products and technologies market has a huge opportunity to grow with increased demand from pharmaceutical, chemical and food sectors.
The growing demand for powder bulk materials such as fertilizers and cement, from agricultural and construction sectors will drive the market. The bulk material handling products and technologies market will grow on the basis of end-use industries such as oil and gas companies, mining industries, agricultural farms, chemical companies, saw mills, paper mills, and others including construction and pharmaceutical industries.