Drum Handling Equipment Market Revenue, Growth, Developments, Size, Share and Forecast 2029

Drum Handling Equipment Market: size was valued at US$ 2.22 Bn. in 2020 and the total revenue is predicted to grow at 6.29% CAGR through 2021 to 2027, reaching nearly US$ 3.40 Bn.

Drum Handling Equipment Market Overview: 

The purpose of this report is to provide a thorough examination of the Drum Handling Equipment market by segments and geographics. The study goes into great detail on the primary factors influencing the Drum Handling Equipment market’s growth. The study also offers a comprehensive analysis of the market’s value chain.

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Market Scope:

The “Global Drum Handling Equipment Market Analysis” is a detailed investigation of the Drum Handling Equipment market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the Drum Handling Equipment market as well as detailed market segmentation by application, end-use, and geography. The Drum Handling Equipment market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the leading Drum Handling Equipment players, as well as noteworthy industry trends and opportunities.

The research method used to assess and anticipate the Drum Handling Equipment market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Drum Handling Equipment market was calculated using the revenue of significant enterprises.

Segmentation: 

Electric drum handling is anticipated to increase at a faster rate than other power source segments through the conclusion of the forecast period. Rising awareness and desire for precision and accuracy in industrial applications to reduce process waste and increase operational efficiency are anticipated to drive demand for electric Drum Handling equipment machines during the forecast period. Due to its low cost and requirement for an ergonomic design for dumping on higher surfaces, the hydraulic power source type is anticipated to dominate the market over the projection period. The hydraulic mechanism can also tilt items at different heights and lift objects up to 20 metres. Forklifts have hydraulic mechanics to better utilise the mechanism.

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Key Players:

The major players covered in the Drum Handling Equipment market report 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)
• K.Y Industries (India)

Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

COVID-19 Impact Analysis on Drum Handling Equipment Market:

Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the Drum Handling Equipment market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the Drum Handling Equipment industry, 

Key Questions Answered in the Drum Handling Equipment Market Report are: 

  • Which segment grabbed the largest share in the Drum Handling Equipment market?
  • What was the competitive scenario of the Drum Handling Equipment market in 2021?
  • Which are the key factors responsible for the Drum Handling Equipment market growth?
  • Which region held the maximum share in the Drum Handling Equipment market in 2021?