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(USGovernment-News.Com, May 23, 2017 ) Ship loader is a port material handling equipment used for bulk material loading application. The growth in the bulk cargo transportation and the mining industries exploration activities drive the demand for ship loaders. Most common dry bulk materials such as coal, iron ore, grains, fertilizers, and any powder or granular dry cargo material use ship loaders for loading application during exporting bulk goods. All ship loaders designs have loading boom configurations, which can make a slewing and luffing motion to load the ship hold and adjust with the vessel position with the water elevation and ship size.
Technavios analysts forecast the global ship loaders market to grow at a CAGR of 3.25% during the period 2017-2021.
The growing population and urbanization in the emerging economies and the rising demand for metals triggers the demand for newly mined materials and metals. The improving standards of living is causing the market to grow despite recycling metals and minerals. Additionally, an increase in per capita income is also increasing the demand for metals and materials. This increased demand for metals and minerals will result in increased mining activities, which will contribute to the demand for material handling equipment such as ship loaders.
It has been observed that the emerging economies have witnessed an increased investment in exploration and mining activities. Investment in exploration activities has increased significantly in the last decade and it is anticipated to continue in the forecast period as well. Significant M&A activities in emerging economies in the metals and mining industry has resulted in greater capital and resource allocation for mining activities. Factors such as the liberalization of mineral policies and advances in technology will also result in the shifting of mining activities to emerging economies. Emerging economies have already started modifying their policies towards accepting more mining activities and foreign investment.
The market is divided into the following segments based on geography: Americas APAC EMEA
Technavio's report, Global Ship Loaders Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors Agrico Sales AMECO EMS-Tech NEUERO Industrietechnik fr Frderanlagen SMB Group Tenova TAKRAF thyssenkrupp ZPMC Market driver Demand for port material handling equipment For a full, detailed list, view our report
Market challenge Decreasing imports of coal and metal products by China For a full, detailed list, view our report
Market trend Increased demand for energy-efficient ship loaders For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2021 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
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