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USA, Rockville MD, Aug. 22, 2022 (GLOBE NEWSWIRE) — Fact.MR, a market research and competitive intelligence provider, has revealed that the global dump hopper market is estimated at US$2 billion in 2022 and is expected to grow at a healthy CAGR of 6.7% over the forecast years 2022-2032.
The first dump hopper was invented in the early 1900s and was made of steel. A dump hopper is a device that can be used to collect materials from one location and either transport them to another location or simply dump them elsewhere. They are very versatile and can handle a variety of materials, including hazardous materials.
With the rise of manufacturing, construction and agriculture, the amount of waste produced has also increased drastically, which has skyrocketed the need for devices capable of collecting and disposing of waste. . The number of innovations and technologies in various industries is increasing rapidly and hence the integration of dump hoppers into the material handling processes of manufacturing has increased rapidly.
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With time and experimentation, various materials have been added to the list that can be used to make dump hoppers, including stainless steel, MDPE, and other forms of plastic. Over time, the use of plastic is also considered to be very beneficial for manufacturers, as plastic has several abilities that make it resistant to the problems that steel would face. Due to higher operational efficiencies and a robust product life cycle, the demand for dump hoppers is expected to witness a significant increase over the next few years.
Key insights from market research
- The global dump hopper market is expected to grow 1.9x and reach US$3.8 billion by 2032.
- The market recorded a CAGR of 1.6% between 2017 and 2021.
- Under load capacity, the 4000-6000 lbs segment dominates the market with a valuation of US$780.2 million in 2022.
- Steel dump hoppers led the market with 64.1% share in 2021.
- The standard hopper base is expected to represent 46.6% market share in 2022.
- Depending on the region, the demand for unloading hoppers is expected to grow at CAGRs of 7.1% and 6.7%, respectively, in East Asia and North America.
Market players are constantly modifying their products to meet the dynamic demand of several end-use industries. For example, recent developments include stainless steel dump hoppers having a cover as an accessory. Changing the dimension to achieve optimal operational efficiency provides a competitive advantage to market players.
Unloading hoppers are also promoted as storage systems for items that are not frequently used. Additionally, market players are developing integrated channels with waste management industry stakeholders to customize their offerings, delivering wet and dry waste products with minimal leakage.
Discharge hopper manufacturers have developed partnerships for the installation of hoppers in end-use industries, creating consistent demand. The adoption of competitive pricing by Tier 1 players has given them an edge over others and enabled them to capture a significant market share.
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Fact.MR has provided detailed information on the prices of leading tipping hopper manufacturers positioned in all regions, sales growth, production capacity, and speculative technological expansion, in the recently released report.
Major dump hopper manufacturers include Camfil Group, Denios, Doosan Group (Bobcat), FabCorp Inc. (Hippo Hopper), Hero Equipment (Yangzhou) Co., LTD, Iron Bull Manufacturing, Kleton, Lemcol Pty Ltd, McCullough Industries ( The Wright), Movex Innovations, Padgett Inc, Roura Material Handling, Inc., Rubbermaid Commercial Products, acon Machines, Suihe Ltd, Synergy, Unitran Manufacturers Ltd, Vestil Manufacturing Corporation and Wastequip LLC.
With a variety of materials used to construct an unloading hopper, companies are channeling their resources into creating custom offerings to meet dynamic market demand. With the addition of components and modification of products, the dumping hopper market will create higher profit margins for manufacturers.
- In 2020, Waste LLC acquired ContainerPros, which provides services related to waste management. This acquisition will help improve Wastequip’s delivery services and also add repair and maintenance to its portfolio, increasing its market penetration.
Dump Hopper Industry Research Segmentation
- By packaging material:
- Standard dump hoppers
- Low profile dump hoppers
- Stackable dump hoppers
- Mobile dump hoppers
- By packaging technology:
- Up to 2000 pounds
- 2000-400 pounds
- 4000-6000 pounds
- Above 6000 pounds
- By Subject:
- Steel dump hoppers
- Plastic dump hoppers
- By tilt angle:
- Less than 90 degrees
- 90 degrees
- By end-use vertical:
- Construction and mining
- Food and drinks
- Logistics and warehousing
- Discreet manufacturing
- Waste Management
- By region:
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East and Africa
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More valuable information in offer
Fact.MR in its new offering presents an unbiased analysis of the global Discharge Hopper Market, showcasing historical market data (2017-2021) and forecast statistics for the period 2022-2032.
The study reveals critical information based on the hopper base (standard, low profile, stackable, mobile), load capacity (up to 2000 lbs, 2000-400 lbs, 4000-6000 lbs, au above 6000 lbs), material (steel, plastic), dump angle (less than 90 degrees, 90 degrees), and end-use vertical (agriculture, construction and mining, food and beverage, logistics and warehousing, manufacturing discrete, waste management, others), in major regions of the world (North America, Latin America, Europe, East Asia, South Asia and Oceania, and Middle East and Africa)
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