PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279765
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279765
Global Reclaimer Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Reclaimer is a sizable machine used for bulk material handling. From a stockpile, it recovers bulk materials like ores and grains. A convoy system, a bucket wheel, a counterweight boom, and a rocker are all parts of the reclaimer. This machine can be put together in a variety of ways depending on the situation. On rails that are built between stockpiles in the stockyard, the reclaimer moves. Reclaimer is an electrically powered machine that transmits power using a trailing cable. It is a volumetric machine, and its capacity, which is measured in cubic metres per hour, can be converted to tonnes per hour based on the typical density of the material. The rising expansion of construction industry and growing demand for automatic tools and machines are key factors driving the market growth.
The rising expansion of construction industry worldwide is contributing towards the growth of the Global Reclaimer Market. For instance - as per Oxford Economics estimates - in 2020, the global construction output was estimated at USD 10.7 trillion and this amount is projected to grow by more than 42% or USD 4.5 trillion between 2020 and 2030 to reach USD 15.2 trillion towards the end of 2030. Also, growing infrastructure development investment in developing economies and rising advancements in reclaimers would create lucrative growth opportunities for the market over the projected period. However, volatile cost of raw materials hinders the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Reclaimer Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the rapid development in infrastructure and construction sector as well as presence of leading market players in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising number of construction projects towards the development of airports, expressways, commercial and residential buildings, and piping networks for oil and gas industry in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable