Drum Dumper Market has been expected to witness a CAGR of 6.85%, with a value of USD 1854 million over the projected 2022-2030
The global drum dumper market has been expected to witness a CAGR of 6.85%, with a value of USD 1854 million over the projected 2022-2030.
The drum dumper is equipment that is employed to discharge bulk solid materials from drums. The drum dumpers are low-cost drum handling equipment that raises the drum using hydraulic cylinders or electric motors until the material discharges on the chute or in the receiving vessel. The ability of the drum dumpers to handle the complicated materials with ease is a contributing factor to the growth of the drum dumper market. The use of drum dumpers in the pharmaceutical industry is also increasing due to the increasing demand for medicines following the pandemic and the increased mass production of the medications to meet the highest growth of the drum dumper market worldwide.
However, the rising investments by the leading sectors in research and development activities on the drum dumper to develop its performance, safety, and efficiency, among the other things which are expected to drive the huge growth in the drum dumper market during the forecasting year. The drum dumper generally includes numerous components like a drum lifter and tilter, forklift drum rotator, and lift equipment.
The Prominent Players in the Global Drum Dumper market Industry are METO Systems (US), Valley Craft Industries (US), Vestil Manufacturing Corp. (US), Beacon Industries (US), Flexicon Corporation (US), Wuxi Tongyang Machinery (China), National Bulk Equipment, Inc. (US), Liftomatic Material Handling, Inc. (US), Drum Runner (US), Ruger Industries (David Round Company) (US), KIJEKA Engineers (India), Air Process Systems & Conveyors Co., Inc. (US), Easy Lift Equipment (US), and K.Y Industries (India).
The industrial drum dumper market remains quite fragmented due to several international, regional, and local vendors. With the growing usage of the industrial drums in several end-user industries, several companies are entering the competition, intensifying it.
Some of the key market players in such industries are METO Systems, Valley Craft Industries, Vestil Manufacturing Corp., Beacon Industries, Flexicon Corporation, Wuxi Tongyang Machinery, National Bulk Equipment In., Liftomatic Material Handling Inc., Drum Runner, Ruger Industries, and many more.
Several regions are witnessing growth in exports of the oil and wines, which are also expected to drive further the growth of the industrial drum dumper market in the region.
The global drum dumper market is segmented based on power source, product type, and application, and region. Based on power source, the global market is segmented into hydraulic and electric. Based on product type, the global drum dumper market is segmented into portable drum dumpers and stationary drum dumpers. By application, the global market is segmented as food, chemicals, pharmaceutical, industrial, and others.
By power source, the electric drum dumper segment is expected to register a higher growth rate until the end of the forecast period. The increasing awareness and demand for precision and accuracy in the industrial applications to minimize the process waste and improve operational efficiency is expected to drive the demand for electric Drum Dumper machines during the forecast period. By application, the industrial segment holds the largest market share due to the increasing applications of drum dumper in a number of industrial operations.
The Market Research Future report on the global drum dumper industry covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted global drum dumper market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
|CAGR||6.85% CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Power Source, product Type, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||METO Systems (US), Valley Craft Industries (US), Vestil Manufacturing Corp. (US), Beacon Industries (US), Flexicon Corporation (US), Wuxi Tongyang Machinery (China), National Bulk Equipment, Inc. (US), Liftomatic Material Handling, Inc. (US), Drum Runner (US), Ruger Industries (David Round Company) (US), KIJEKA Engineers (India), Air Process Systems & Conveyors Co., Inc. (US), Easy Lift Equipment (US), and K.Y Industries (India)|
|Key Market Opportunities||
|Key Market Drivers||
global drum dumper market size can reach USD 1,854 million by 2025.
global drum dumper market is expected to expand at 6.85% CAGR from 2022 to 2030.
Vestil Manufacturing Corp., National Bulk Equipment, Inc., Ruger Industries, K.Y Industries, Valley Craft Industries, METO Systems, KIJEKA Engineers, Air Process Systems & Conveyors Co., Inc., Flexicon Corporation, Beacon Industries, Liftomatic Material Handling, Inc., Drum Runner, Wuxi Tongyang Machinery, and Easy Lift Equipment are key players of the global drum dumper market.
The industrial application is dominant in the global drum dumper market.
APAC is bound to be lucrative for the global drum dumper market till 2025.
Dispensing of hazardous and non-hazardous materials in food & beverage, pharmaceuticals, and chemicals industries is driving the global drum dumper market demand.