Bucket Elevator Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Capacity, and Industry

List of Tables

The bucket elevator market is projected to reach US$ 1,571.40 million by 2028, growing at a CAGR of 6.9% from 2022 to 2028.

Bucket elevators present a simple but efficient method of elevating free-flowing and semi-free-flowing bulk materials. Their characteristic simplicity makes them a popular choice for bulk material handling and processing applications in fertilizer plants. Bucket elevators are used to move ore at mining sites and dispatch finished products from a fertilizer plant. Centrifugal belt-style elevators are mostly utilized for high-capacity tasks that require moving large quantities of material quickly. Further, a centrifugal-chain elevator is often used for moving ore at a mine site as it allows for greater capacity and is more rugged than belt-style elevators. For superhigh-capacity handling, a double-chain configuration is often employed. Most bucket elevators supplied to the fertilizer industry have higher corrosion and abrasion resistance, as compared to those utilized in other industries. This is because materials used in the production of fertilizers have corrosive qualities, due to which they can cause excessive premature wearing of the buckets. Similarly, abrasion is a prevalent concern for many fertilizer manufacturers, particularly on the mining and ore-handling sides. With a rising population and growing demand for major crops, there is a steep rise in the consumption of fertilizers globally. The use of bucket elevators in fertilizer manufacturing plants is increasing with a rise in fertilizer demand and production, which bolsters the bucket elevator market growth.

Impact of COVID-19 Pandemic on Bucket Elevator Market Growth

The limitations imposed by governments to control the spread of COVID-19 during the initial phases of the COVID-19 pandemic in most countries affected daily activities in most industries. Stringent restrictions and supply chain disruptions put most companies in most countries across all regions in jeopardy. Hence multinational enterprises operating in different regions had to reconfigure their operations to accommodate all their employees. Factory and production shutdowns, trade bans, supply chain and procurement management disruptions, labor scarcity, and border lockdowns to combat the disease spread hampered the working of bucket elevator market players. However, the market performance began improving at a faster pace in 2021 with a significant rise in construction projects and increasing investments in mega infrastructure developments. For instance, according to the National Development and Reform Commission (NDRC) of China, the country resumed construction in ~90% of key projects in 2021. Such recovery in the construction industry is expected to further boost the bucket elevator market size.

China accounts for the largest share in the bucket elevator market in Asia Pacific, followed by Japan and India. The bucket elevator market in China is growing at one of the fastest rates globally. The government bodies across this region are investing heavily in infrastructural development. Additionally, several manufacturing companies operating globally are investing in Asia Pacific to set up their production facilities, which is likely to bolster the growth of the construction industry across the region. Countries such as South Korea, China, India, Vietnam, and Singapore are increasingly investing in the construction of new airports. Hence, the ongoing proliferation of the construction industry is promoting the application of various types of bucket elevators in Asia Pacific. These factors propel the progress of the bucket elevator market players operating in this region.

BEUMER Group GmbH & Co KG, FEECO International Inc, Gough & Co (Engineering) Ltd, KWS Manufacturing Co Ltd, Motridal SpA, Skandia Elevator AB, Sukup Manufacturing Co, Satake Corp, Ryson International Inc, and AGCO Corp are a few of the key companies in the bucket elevator market.

The overall size of the bucket elevator market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the bucket elevator market size with respect to all market segments. Further, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights. Participants in this process include VPs; business development managers; market intelligence managers; national sales managers; and external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the bucket elevator market.

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Product Code: TIPRE00011122

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Bucket Elevator Market - By Type
- 1.3.2 Bucket Elevator Market - By Capacity
- 1.3.3 Bucket Elevator Market - By Industry
- 1.3.4 Bucket Elevator Market- By Region

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Bucket Elevator Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 North America
- 4.2.2 Europe
- 4.2.3 APAC
- 4.2.4 MEA
- 4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Bucket Elevator Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growth in Infrastructure Projects Promoting Application of Bucket Elevators in Cement Plants
- 5.1.2 Growing Demand of Bucket Elevators in Fertilizer Industry
5.2 Market Restraints
- 5.2.1 Difficulty in Maintenance and Availability of Alternative Conveyors
5.3 Market Opportunities
- 5.3.1 Growing Demand of 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 - Global Analysis

6.1 Global Bucket Elevator Market Overview
6.2 Bucket Elevator Market - Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Five Key Players

7. Bucket Elevator Market Analysis - By Type

7.1 Overview
7.2 Bucket Elevator Market, By Type (2021 and 2028)
7.3 Centrifugal Discharge Elevators
- 7.3.1 Overview
- 7.3.2 Centrifugal Discharge Elevators: 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: 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: Bucket Elevator Market - Revenue, and Forecast to 2028 (US$ Million)

8. Bucket Elevator Market Analysis - By Capacity

8.1 Overview
8.2 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: 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: 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: 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: 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: Bucket Elevator Market- Revenue and Forecast to 2028 (US$ Million)

9. Bucket Elevator Market Analysis - By Industry

9.1 Overview
9.2 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. Bucket Elevator Market - Geographic Analysis

10.1 Overview
10.2 North America: Bucket Elevator Market
- 10.2.1 Overview
- 10.2.2 North America Bucket Elevator Market, Revenue and Forecast to 2028 (US$ Million)
- 10.2.3 North America Bucket Elevator Market Breakdown, By Type
- 10.2.4 North America Bucket Elevator Market Breakdown, By Capacity
- 10.2.5 North America Bucket Elevator Market Breakdown, By Industry
- 10.2.6 North America Bucket Elevator Market Breakdown, by Country
  - 10.2.6.1 US Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.2.6.1.1 US Bucket Elevator Market Breakdown, By Type
    - 10.2.6.1.2 US Bucket Elevator Market Breakdown, By Capacity
    - 10.2.6.1.3 US Bucket Elevator Market Breakdown, By Industry
  - 10.2.6.2 Canada Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.2.6.2.1 Canada Bucket Elevator Market Breakdown, By Type
    - 10.2.6.2.2 Canada Bucket Elevator Market Breakdown, By Capacity
    - 10.2.6.2.3 Canada Bucket Elevator Market Breakdown, By Industry
  - 10.2.6.3 Mexico Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.2.6.3.1 Mexico Bucket Elevator Market Breakdown, By Type
    - 10.2.6.3.2 Mexico Bucket Elevator Market Breakdown, By Capacity
    - 10.2.6.3.3 Mexico Bucket Elevator Market Breakdown, By Industry
10.3 Europe: Bucket Elevator Market
- 10.3.1 Overview
- 10.3.2 Europe Bucket Elevator Market, Revenue and Forecast to 2028 (US$ Million)
- 10.3.3 Europe Bucket Elevator Market Breakdown, By Type
- 10.3.4 Europe Bucket Elevator Market Breakdown, By Capacity
- 10.3.5 Europe Bucket Elevator Market Breakdown, By Industry
- 10.3.6 Europe Bucket Elevator Market Breakdown, by Country
  - 10.3.6.1 Germany Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.3.6.1.1 Germany Bucket Elevator Market Breakdown, By Type
    - 10.3.6.1.2 Germany Bucket Elevator Market Breakdown, By Capacity
    - 10.3.6.1.3 Germany Bucket Elevator Market Breakdown, By Industry
  - 10.3.6.2 UK Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.3.6.2.1 UK Bucket Elevator Market Breakdown, By Type
    - 10.3.6.2.2 UK Bucket Elevator Market Breakdown, By Capacity
    - 10.3.6.2.3 UK Bucket Elevator Market Breakdown, By Industry
  - 10.3.6.3 France Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.3.6.3.1 France Bucket Elevator Market Breakdown, By Type
    - 10.3.6.3.2 France Bucket Elevator Market Breakdown, By Capacity
    - 10.3.6.3.3 France Bucket Elevator Market Breakdown, By Industry
  - 10.3.6.4 Italy Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.3.6.4.1 Italy Bucket Elevator Market Breakdown, By Type
    - 10.3.6.4.2 Italy Bucket Elevator Market Breakdown, By Capacity
    - 10.3.6.4.3 Italy Bucket Elevator Market Breakdown, By Industry
  - 10.3.6.5 Russia Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.3.6.5.1 Russia Bucket Elevator Market Breakdown, By Type
    - 10.3.6.5.2 Russia Bucket Elevator Market Breakdown, By Capacity
    - 10.3.6.5.3 Russia Bucket Elevator Market Breakdown, By Industry
  - 10.3.6.6 Rest of Europe Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.3.6.6.1 Rest of Europe Bucket Elevator Market Breakdown, By Type
    - 10.3.6.6.2 Rest of Europe Bucket Elevator Market Breakdown, By Capacity
    - 10.3.6.6.3 Rest of Europe Bucket Elevator Market Breakdown, By Industry
10.4 Asia Pacific: Bucket Elevator Market
- 10.4.1 Overview
- 10.4.2 Asia Pacific Bucket Elevator Market, Revenue and Forecast to 2028 (US$ Million)
- 10.4.3 Asia Pacific Bucket Elevator Market Breakdown, By Type
- 10.4.4 Asia Pacific Bucket Elevator Market Breakdown, By Capacity
- 10.4.5 Asia Pacific Bucket Elevator Market Breakdown, By Industry
- 10.4.6 Asia Pacific Bucket Elevator Market Breakdown, by Country
  - 10.4.6.1 China Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.4.6.1.1 China Bucket Elevator Market Breakdown, By Type
    - 10.4.6.1.2 China Bucket Elevator Market Breakdown, By Capacity
    - 10.4.6.1.3 China Bucket Elevator Market Breakdown, By Industry
  - 10.4.6.2 Japan Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.4.6.2.1 Japan Bucket Elevator Market Breakdown, By Type
    - 10.4.6.2.2 Japan Bucket Elevator Market Breakdown, By Capacity
    - 10.4.6.2.3 Japan Bucket Elevator Market Breakdown, By Industry
  - 10.4.6.3 India Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.4.6.3.1 India Bucket Elevator Market Breakdown, By Type
    - 10.4.6.3.2 India Bucket Elevator Market Breakdown, By Capacity
    - 10.4.6.3.3 India Bucket Elevator Market Breakdown, By Industry
  - 10.4.6.4 South Korea Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.4.6.4.1 South Korea Bucket Elevator Market Breakdown, By Type
    - 10.4.6.4.2 South Korea Bucket Elevator Market Breakdown, By Capacity
    - 10.4.6.4.3 South Korea Bucket Elevator Market Breakdown, By Industry
  - 10.4.6.5 Australia Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.4.6.5.1 Australia Bucket Elevator Market Breakdown, By Type
    - 10.4.6.5.2 Australia Bucket Elevator Market Breakdown, By Capacity
    - 10.4.6.5.3 Australia Bucket Elevator Market Breakdown, By Industry
  - 10.4.6.6 Rest of APAC Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.4.6.6.1 Rest of APAC Bucket Elevator Market Breakdown, By Type
    - 10.4.6.6.2 Rest of APAC Bucket Elevator Market Breakdown, By Capacity
    - 10.4.6.6.3 Rest of APAC Bucket Elevator Market Breakdown, By Industry
10.5 Middle East & Africa: Bucket Elevator Market
- 10.5.1 Overview
- 10.5.2 Middle East & Africa Bucket Elevator Market, Revenue and Forecast to 2028 (US$ Million)
- 10.5.3 Middle East & Africa Bucket Elevator Market Breakdown, By Type
- 10.5.4 Middle East & Africa Bucket Elevator Market Breakdown, By Capacity
- 10.5.5 Middle East & Africa Bucket Elevator Market Breakdown, By Industry
- 10.5.6 Middle East & Africa Bucket Elevator Market Breakdown, by Country
  - 10.5.6.1 Saudi Arabia Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.5.6.1.1 Saudi Arabia Bucket Elevator Market Breakdown, By Type
    - 10.5.6.1.2 Saudi Arabia Bucket Elevator Market Breakdown, By Capacity
    - 10.5.6.1.3 Saudi Arabia Bucket Elevator Market Breakdown, By Industry
  - 10.5.6.2 UAE Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.5.6.2.1 UAE Bucket Elevator Market Breakdown, By Type
    - 10.5.6.2.2 UAE Bucket Elevator Market Breakdown, By Capacity
    - 10.5.6.2.3 UAE Bucket Elevator Market Breakdown, By Industry
  - 10.5.6.3 South Africa Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.5.6.3.1 South Africa Bucket Elevator Market Breakdown, By Type
    - 10.5.6.3.2 South Africa Bucket Elevator Market Breakdown, By Capacity
    - 10.5.6.3.3 South Africa Bucket Elevator Market Breakdown, By Industry
  - 10.5.6.4 Rest of MEA Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.5.6.4.1 Rest of MEA Bucket Elevator Market Breakdown, By Type
    - 10.5.6.4.2 Rest of MEA Bucket Elevator Market Breakdown, By Capacity
    - 10.5.6.4.3 Rest of MEA Bucket Elevator Market Breakdown, By Industry
10.6 South America: Bucket Elevator Market
- 10.6.1 Overview
- 10.6.2 South America Bucket Elevator Market, Revenue and Forecast to 2028 (US$ Million)
- 10.6.3 South America Bucket Elevator Market Breakdown, By Type
- 10.6.4 South America Bucket Elevator Market Breakdown, By Capacity
- 10.6.5 South America Bucket Elevator Market Breakdown, By Industry
- 10.6.6 South America Bucket Elevator Market Breakdown, by Country
  - 10.6.6.1 Brazil Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.6.6.1.1 Brazil Bucket Elevator Market Breakdown, By Type
    - 10.6.6.1.2 Brazil Bucket Elevator Market Breakdown, By Capacity
    - 10.6.6.1.3 Brazil Bucket Elevator Market Breakdown, By Industry
  - 10.6.6.2 Argentina Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.6.6.2.1 Argentina Bucket Elevator Market Breakdown, By Type
    - 10.6.6.2.2 Argentina Bucket Elevator Market Breakdown, By Capacity
    - 10.6.6.2.3 Argentina Bucket Elevator Market Breakdown, By Industry
  - 10.6.6.3 Rest of SAM Bucket Elevator Market, Revenue and Forecast to 2028
    - 10.6.6.3.1 Rest of SAM Bucket Elevator Market Breakdown, By Type
    - 10.6.6.3.2 Rest of SAM Bucket Elevator Market Breakdown, By Capacity
    - 10.6.6.3.3 Rest of SAM Bucket Elevator Market Breakdown, By Industry

11. Impact of COVID-19 Pandemic on Global Bucket Elevator Market

11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 APAC: Impact Assessment of COVID-19 Pandemic
11.5 MEA: Impact Assessment of COVID-19 Pandemic
11.6 SAM Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition

13. Company Profiles

13.1 FEECO International Inc
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 BEUMER Group GmbH & Co KG
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Motridal SpA
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Skandia Elevator AB
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Sukup Manufacturing Co
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Satake Corp
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Gough & Co (Engineering) Ltd
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 KWS Manufacturing Co Ltd
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 AGCO Corp
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Ryson International Inc
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index