Used to discharge bulk solid materials, drum dumpers are equipments set to witness notable growth over the coming few years. The cost effective nature coupled with ease of usage benefits of these products goes massively in their favor, particularly for use in food processing industry, where they are used for discharging raw food items, granules, powder, and pellets. As per TMRR, single digit CAGR growth would be noted in the market from 2020 to 2030. This is set to improve global drum dumper market worth, creating diverse and multiple growth opportunities.
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It is pertinent to note here that there are a string of growth factors that are fuelling growth in the global drum dumper market. These include expansion in industries such as packaging and oil and gas, apart from the food processing industry already mentioned above. Note here that while in the oil and gas industry, these play a role in enabling discharge of oil barrels, in the packaging industries these are used to pack line hopper filling.
On the basis of regional analysis of the global drum dumper market, North America is set to top consumption as well as production charts. On the other hand, the highest CAGR is set to be charted by the Asia Pacific (APAC) region. The latter would grow at the back of rapid industrialization. North America will witness massive growth contributions for the United State of America.
As far as the vendor landscape is concerned, few leading players have control on a huge share of the market, making it quite consolidated. Some of the notable global drum dumper market players are METO Systems, Valley Craft Industries, Vestil Manufacturing Corp., Beacon Industries, Flexicon Corporation, Wuxi Tongyang Machinery, National Bulk Equipment, Inc., Liftomatic Material Handling, Inc., Drum Runner, Ruger Industries (David Round Company), KIJEKA Engineers, Air Process Systems & Conveyors Co., Inc., Easy Lift Equipment, and K.Y Industries.
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