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Asia Pacific Bucket Elevator Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Centrifugal Discharge Elevators, Continuous Discharge Elevators, Positive Discharge Elevators), Capacity (Upto 350 Cubic Feet Per Hour, 351–830 Cubic Feet Per Hour, 2001 – 2800 Cubic Feet Per Hour, 831 – 2000 Cubic Feet Per Hour, Above 2801 Cubic Feet Per Hour), Industry (Construction, Agriculture, Mining, Fertilizers & Chemicals, Energy and Utilities, Paper and Pulp, Others)

April 2023 | 119 pages | ID: A67939F27E3AEN
The Insight Partners

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The Asia Pacific bucket elevator market is expected to grow from US$ 421.58 million in 2022 to US$ 666.49 million by 2028. It is estimated to grow at a CAGR of 7.9% from 2022 to 2028.

Surging Need for Food Grains and Seeds is Driving the Asia Pacific Bucket Elevator Market

As per the Food and Agriculture Organization (FAO), a rise in the global population triggers the demand for different food grains such as soybean, corn, coffee, and wheat. The National Bureau of Statistics, China, stated that corn and soybean production in China, for the year 2022–2023 stood at 277.2 million MT and 20.3 million MT, respectively, recording an increase of 2% and 24%, respectively, from the previous year. In November 2021, the Government of India, through its GOVERNMENT E-MARKETPLACE (GEM) portal, floated a tender for the supply, installation, and commissioning of a 4 tph vertical bucket elevator, for feeding seed pre-cleaner, in a seed processing plant (wheat). The grain and seed processing plants prefer different bucket designs and customizable elevators. Market players have been taking initiatives to grab these opportunities by introducing new products. In December 2022, Ryson International, Inc launched a new range of bulk bucket elevators. The elevators were made available in C and Z configurations, and three different bucket sizes with capacities of 300, 700, and 1,800 cubic feet an hour. The company also offered powder-coated, or stainless-steel finished buckets for extending the range of applications. Per the company, the new offerings are built-to-order, customizable, and relatively easy to install.

Asia Pacific Bucket Elevator Market Overview

Based on geography, the Asia Pacific bucket elevator market is segmented into Australia, China, India, Japan, South Korea, and the rest of Asia Pacific. China, India, and other Southeast Asian countries are the significantly contributing to the Asia Pacific bucket elevator market share. The presence of highly developing countries such as China and India are positively impacting growth of several industries—mining, food, agriculture, and construction. The government bodies across this region are investing heavily in infrastructural development. Additionally, several global manufacturing companies are investing in the region to set up their production facilities thereby influencing the growth of the construction industry across the region. Some of the major construction projects undertaken in Asia Pacific are mentioned below:

The Healthway Cancer Care Center is a 100-bed medical facility being built in Taguig City, Metro Manila, the Philippines. The construction began in the third quarter of 2021 and is projected to be completed in the third quarter of 2023. The project's goal is to improve the region's medical infrastructure. The hospital will be equipped with diagnostic equipment, chemotherapeutic facilities, and linear accelerators for advanced radiation therapy once it is completed. The Huanggang Qichun Disease Control and Prevention Center Relocation project entails the construction of a hospital in Huanggang's Qichun County, Hubei, China. The project's goal was to deliver high-quality healthcare in the area. Additionally, the Asia Pacific countries such as South Korea, China, India, Vietnam, and Singapore are witnessing a rise in investment in the construction of new airports. For instance, the Chinese government announced its intension to build a total of 400 airports across the country by 2035. These factors are expected to influence the growth of the construction industry across the region, thereby contributing to the growing demand for bucket elevators. China, India, Japan, Thailand, Vietnam, Bangladesh, and Myanmar are among the major countries focused on agriculture in Asia Pacific. The rising focus of the government bodies to promote their agricultural capabilities is further propelling the demand for bucket elevators from the agricultural sector for application such as loading and unloading grains or seeds from warehouses. Thus, rising agricultural activities across the above-mentioned Asia Pacific countries is influencing the demand for bucket elevators, thereby contributing to its market growth.

Asia Pacific Bucket Elevator Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Bucket Elevator Market Segmentation

The Asia Pacific bucket elevator market is segmented into type, capacity, industry, and country.

Based on type, the Asia Pacific bucket elevator market is segmented into centrifugal discharge elevators, continuous discharge elevators, positive discharge elevators. In 2022, the centrifugal discharge elevators segment registered a largest share in the Asia Pacific bucket elevator market.

Based on capacity, the Asia Pacific bucket elevator market is segmented as upto 350 cubic feet per hour, 351–830 cubic feet per hour, 2001 – 2800 cubic feet per hour, 831 – 2000 cubic feet per hour, above 2801 cubic feet per hour. In 2022, the 350 cubic feet per hour segment registered a largest share in the Asia Pacific bucket elevator market.

Based on industry, the Asia Pacific bucket elevator market is segmented into construction, agriculture, mining, fertilizers & chemicals, energy and utilities, paper and pulp, others. In 2022, the construction segment registered a largest share in the Asia Pacific bucket elevator market.

Based on country, the Asia Pacific bucket elevator market is segmented into China, Japan, India, South Korea, Australia, and the Rest of APAC. In 2022, China segment registered a largest share in the Asia Pacific bucket elevator market.

AGCO Corp; BEUMER Group GmbH & Co KG; Ryson International Inc; Satake Corp; and Skandia Elevator AB are the leading companies operating in the Asia Pacific bucket elevator market.
1. INTRODUCTION

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

2. KEY TAKEAWAYS


3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. APAC BUCKET ELEVATOR MARKET LANDSCAPE

4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. APAC BUCKET ELEVATOR MARKET – KEY MARKET DYNAMICS

5.1 Market Drivers
5.1.1 Increased Use of Bucket Elevators in Cement Plants with Growth in Infrastructure Projects
5.1.2 Growing Demand for Bucket Elevators in Fertilizer Industry
5.2 Market Restraints
5.2.1 Difficulties in Maintenance and Availability of Alternative Conveyors
5.3 Market Opportunities
5.3.1 Surging Need for 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 – APAC ANALYSIS

6.1 APAC Bucket Elevator Market Overview
6.2 APAC Bucket Elevator Market – Revenue and Forecast to 2028 (US$ Million)

7. APAC BUCKET ELEVATOR MARKET ANALYSIS – BY TYPE

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

8. APAC BUCKET ELEVATOR MARKET ANALYSIS – BY CAPACITY

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

9. APAC BUCKET ELEVATOR MARKET ANALYSIS – BY INDUSTRY

9.1 Overview
9.2 APAC 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. APAC BUCKET ELEVATOR MARKET – COUNTRY ANALYSIS

10.1 Overview
10.1.1 Asia Pacific Bucket Elevator Market Breakdown, by Country
10.1.1.1 China Bucket Elevator Market, Revenue and Forecast to 2028
10.1.1.1.1 China Bucket Elevator Market Breakdown, By Type
10.1.1.1.2 China Bucket Elevator Market Breakdown, By Capacity
10.1.1.1.3 China Bucket Elevator Market Breakdown, By Industry
10.1.1.2 Japan Bucket Elevator Market, Revenue and Forecast to 2028
10.1.1.2.1 Japan Bucket Elevator Market Breakdown, By Type
10.1.1.2.2 Japan Bucket Elevator Market Breakdown, By Capacity
10.1.1.2.3 Japan Bucket Elevator Market Breakdown, By Industry
10.1.1.3 India Bucket Elevator Market, Revenue and Forecast to 2028
10.1.1.3.1 India Bucket Elevator Market Breakdown, By Type
10.1.1.3.2 India Bucket Elevator Market Breakdown, By Capacity
10.1.1.3.3 India Bucket Elevator Market Breakdown, By Industry
10.1.1.4 South Korea Bucket Elevator Market, Revenue and Forecast to 2028
10.1.1.4.1 South Korea Bucket Elevator Market Breakdown, By Type
10.1.1.4.2 South Korea Bucket Elevator Market Breakdown, By Capacity
10.1.1.4.3 South Korea Bucket Elevator Market Breakdown, By Industry
10.1.1.5 Australia Bucket Elevator Market, Revenue and Forecast to 2028
10.1.1.5.1 Australia Bucket Elevator Market Breakdown, By Type
10.1.1.5.2 Australia Bucket Elevator Market Breakdown, By Capacity
10.1.1.5.3 Australia Bucket Elevator Market Breakdown, By Industry
10.1.1.6 Rest of APAC Bucket Elevator Market, Revenue and Forecast to 2028
10.1.1.6.1 Rest of APAC Bucket Elevator Market Breakdown, By Type
10.1.1.6.2 Rest of APAC Bucket Elevator Market Breakdown, By Capacity
10.1.1.6.3 Rest of APAC Bucket Elevator Market Breakdown, By Industry

11. INDUSTRY LANDSCAPE

11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. COMPANY PROFILES

12.1 BEUMER Group GmbH & Co KG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Skandia Elevator AB
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Satake Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 AGCO Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Ryson International Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments

13. APPENDIX

13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES

Table 1. APAC Bucket Elevator Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Asia Pacific Bucket Elevator Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 3. China Bucket Elevator Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 4. China Bucket Elevator Market, Revenue and Forecast to 2028 – By Capacity (US$ Million)
Table 5. China Bucket Elevator Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 6. Japan Bucket Elevator Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 7. Japan Bucket Elevator Market, Revenue and Forecast to 2028 – By Capacity (US$ Million)
Table 8. Japan Bucket Elevator Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 9. India Bucket Elevator Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 10. India Bucket Elevator Market, Revenue and Forecast to 2028 – By Capacity (US$ Million)
Table 11. India Bucket Elevator Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 12. South Korea Bucket Elevator Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 13. South Korea Bucket Elevator Market, Revenue and Forecast to 2028 – By Capacity (US$ Million)
Table 14. South Korea Bucket Elevator Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 15. Australia Bucket Elevator Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 16. Australia Bucket Elevator Market, Revenue and Forecast to 2028 – By Capacity (US$ Million)
Table 17. Australia Bucket Elevator Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 18. Rest of APAC Bucket Elevator Market, Revenue and Forecast to 2028 – By Type (US$ Million)
Table 19. Rest of APAC Bucket Elevator Market, Revenue and Forecast to 2028 – By Capacity (US$ Million)
Table 20. Rest of APAC Bucket Elevator Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 21. List of Abbreviation

LIST OF FIGURES

Figure 1. APAC Bucket Elevator Market Segmentation
Figure 2. APAC Bucket Elevator Market Segmentation – By Country
Figure 3. APAC Bucket Elevator Market Overview
Figure 4. Centrifugal Discharge Elevators Segment held the Largest Share of APAC Bucket Elevator Market
Figure 5.–830 Cubic Feet Per Hour Segment held the Largest Share of APAC Bucket Elevator Market
Figure 6. Construction Segment held the Largest Share of APAC Bucket Elevator Market
Figure 7. China to Show Great Traction During Forecast Period
Figure 8. APAC: PEST Analysis
Figure 9. Expert Opinion
Figure 10. APAC Bucket Elevator Market Impact Analysis of Drivers and Restraints
Figure 11. APAC Bucket Elevator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC Bucket Elevator Market Revenue Share, By Type (2021 and 2028)
Figure 13. Centrifugal Discharge Elevators: APAC Bucket Elevator Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Continuous Discharge Elevators: APAC Bucket Elevator Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Positive Discharge Elevators: APAC Bucket Elevator Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 16. APAC Bucket Elevator Market Revenue Share, By Capacity (2021 and 2028)
Figure 17.–830 Cubic Feet Per Hour: APAC Bucket Elevator Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18.1 – 2800 Cubic Feet Per Hour: APAC Bucket Elevator Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. – 2000 Cubic Feet Per Hour: APAC Bucket Elevator Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. Above 2801 Cubic Feet Per Hour: APAC Bucket Elevator Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. Upto 350 Cubic Feet Per Hour: APAC Bucket Elevator Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Bucket Elevator Market Revenue Share, By Industry (2021 and 2028)
Figure 23. Construction Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Agriculture Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Mining Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Fertilizers and Chemicals Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Energy and Utilities Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Paper and Pulp Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Asia Pacific Bucket Elevator Market Breakdown, by Country – Revenue (2021) (US$ Million)
Figure 31. Asia Pacific Bucket Elevator Market Breakdown, by Country, 2021 & 2028 (%)
Figure 32. China Bucket Elevator Market, Revenue and Forecast to 2028 (US$ Million)
Figure 33. Japan Bucket Elevator Market, Revenue and Forecast to 2028 (US$ Million)
Figure 34. India Bucket Elevator Market, Revenue and Forecast to 2028 (US$ Million)
Figure 35. South Korea Bucket Elevator Market, Revenue and Forecast to 2028 (US$ Million)
Figure 36. Australia Bucket Elevator Market, Revenue and Forecast to 2028 (US$ Million)
Figure 37. Rest of APAC Bucket Elevator Market, Revenue and Forecast to 2028 (US$ Million)


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