Car Dumpers Market – Global Forecast and Opportunity Assessment by Technavio

LONDON–(BUSINESS WIRE)–#Research–According to the latest market study released by Technavio,
the global
car dumpers market is expected to reach approximately USD
4 million by 2021.

This research report titled ‘Global
Car Dumpers Market 2017-2021’ provides an in-depth analysis of
the market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.

The worldwide industrial slowdown during 2015-2016 had a major impact
on the MHE (material handling equipment) market, including car dumpers.
However, the revival of certain sectors like construction and automotive
is expected to drive the market positively. There were limited
investments in the major end-user industries like metal and mining, and
automotive and manufacturing.

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Technavio’s analysts categorize the global car dumpers market into four
major segments by end users. They are:

• Coal sector
• Non-metallic mineral sector
• Iron ore sector
• Others

The top three segments based on end-users for the global car dumpers
market are discussed below:

Global car dumpers market by coal sector

Coal forms a substantial part of the world’s energy production. In 2015,
it fulfilled up to about 30% of the global energy demand. Therefore, the
power and energy industry is the key end-user of coal products. Several
industrial plants also use coal products for manufacturing furnaces and
ovens. With rising urbanization in many developing countries, there is a
growing need for power, which generates more demand for coal.

According to Sharan Raj, a lead warehouse
and storage research analyst from Technavio, “The
demand for coal from APAC, especially Southeast Asia, is the key factor
triggering the growth of this segment. However, demand from the coal
sector will experience moderate growth during the forecast period.
Developed regions, such as North America and Europe, are continuously
working toward decreasing their dependency on coal for power generation
and industrial processes.”

Global car dumpers market by non-metallic mineral sector

The non-metallic mineral sector includes cement, sand clay, and gravel
materials. The construction sector propels the demand for mineral
reserves. Augmented consumption of sand, stone, cement, and gravel in
the construction industry is the major factor driving the demand for car
dumpers.

“The demand for car dumpers is expected to be supported by a cyclical
rebound in the construction industries, and the continued strengthening
of infrastructure development in developing nations. The construction
industry globally had a slight recovery during the second half of 2016
and is expected to grow during 2017-2018,” says Sharan.

Global car dumpers market by iron ore sector

Iron ore holds the majority of the industrial metals sector shares and
its demand is rising at a rapid rate in many developing countries. The
increase in the number of manufacturing industries in developing
countries, such as India, Russia, South Africa, Ukraine, and Brazil,
will play an important role in the growth of this segment during the
forecast period.

The slowdown of China’s economy is a significant challenge to the growth
of the iron ore mining industry. However, recovery of construction and
manufacturing industries in developed regions, such as North America and
Europe, is likely to contribute to the demand for metals. This will
increase the demand for car dumpers and other bulk material handling
equipment.

The top vendors highlighted by Technavio’s research analysts in this
report are:

• FLSmidth
• Heyl & Patterson
• Metso
• ThyssenKrupp

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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