Industrial Hoppers Market Size, Share, Opportunities, And Trends By Type (Stretch Hoppers, Drop Bottom Hoppers, Self-Dumping Hoppers, Others), By Material (Plastic, Metal, Composite Materials), By End-User (F&B, Chemical, Mining, Manufacturing, Agriculture, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Jan 2024
- Report Code : KSI061616399
- Pages : 148
The industrial hoppers market is expected to show steady growth during the forecast period.
Industrial hoppers are containers used in various industrial settings for the storage, transportation, and dumping of materials. Industrial hoppers are available in a variety of sizes and designs, such as stretch hoppers, drop-bottom hoppers, and self-dumping hoppers. They are commonly used in the construction, material handling, and waste management industries to transport large, heavy items or bulk materials from one location to another. Increasing industrialization and the establishment of new manufacturing units have contributed to the expansion of the industrial hoppers market.
Market Drivers
- New chemical manufacturing unit establishment bolsters the industrial hoppers market growth.
Industrial hoppers serve a variety of functions in chemical manufacturing plants. Hoppers are used to store raw materials such as powders, granules, or pellets used in chemical production. This allows for easy access and management of bulk materials used in the manufacturing process. This shows a significant demand for industrial hoppers in chemical industries. Moreover, the new establishment of chemical manufacturing units pushed the hoppers industry forward. For instance, in August 2022, Baker Hughes launched a new chemical manufacturing unit in Singapore, expanding its local presence and assisting in the support of the region's growing market. The 40,000-square-meter facility produces, stores, and distributes chemical solutions for the upstream industry.
- The establishment of steel manufacturing plants strengthens the industrial hoppers market.
Industrial hoppers are widely used in steel manufacturing plants as they provide a designated space for storage and containing raw materials such as iron ore, coal, limestone, and scrap metal. It allows for safe storage and efficient retrieval during the manufacturing process. The development of new steel manufacturing units accelerated the industrial hoppers market upwards. For instance, in October 2023, Voestalpine launched the world's most sophisticated cutting-edge special steel plant in Kapfenberg.
- Increasing industrialization drives the industrial hoppers market growth.
Industrial hoppers have grown significantly in combination with the increasing industrialization process. In the expansion of factories and manufacturing units such as chemical, agriculture, and mining where bulk materials like coal, ore, grains, and chemicals are processed and handled in large quantities, industrial hoppers play a vital role. They are essential components of industrial infrastructure as they are designed to store and transport these materials efficiently. This is a major driving factor of the industrial hoppers market.
Asia Pacific is expected to grow significantly.
Asia Pacific is anticipated to account for a significant share of the industrial hoppers market due to the increasing industrialization and various efforts performed in the establishment of manufacturing plants. For instance, in June 2023, BASF opened a polyethylene (PE) plant in Zhanjiang, China, at its Verbund site. The new plant, with a capacity of 500,000 metric tons of polyethylene per year, meets China's rapidly increasing demand. Additionally, in April 2022, Tremco Construction Product Group India disclosed the launch of a second manufacturing plant in Alwar, Rajasthan (India). This is in response to the rising demand and growth in the South Asian construction chemical market. In May 2022, Kobe Steel announced the launch Kobenable Steel plant and became Japan's first supplier of low CO2 blast furnace steel products.
Market Restraints
- Regular maintenance will restrain the growth of the industrial hoppers market.
Industrial hoppers are subjected to heavy use and lift heavy materials which requires regular maintenance to work efficiently. Regular efficient maintenance and repair services can be challenging affecting operation costs and increasing downtime. This may limit the adoption of industrial hoppers which may affect the market growth.
Market Development
- August 2023- WD Matthews Machinery Company introduced a new Drop Bottom Hopper which comes with built-in fork pockets. This allows the hopper to be picked up from the top, enabling the bottom to open and the hopper to be cleaned quickly. It consists 3,000 lb. weight capacity and a bottom opening of 25-1/8″L x 48″
Company Products
- Light Duty Forklift Industrial Hoppers- Light Duty Industrial Hoppers offered by Factory Supply are designed for bulk handling and constructed with slots for forklift handling. This hopper's positive locking latch prevents accidental dumping, and its designed top lips are strong and eliminate sharp edges. It is designed to work in the facility's specific conditions, such as high heat, dust, humidity, and moisture.
- Self-Dumping Hopper- Denios' self-dumping poly tilt truck had wheels and could be transported and dumped with a fork truck. It is designed to dump contents up to 40 degrees below horizontal to ensure complete emptying. It is made up of a steel tube frame that supports the seamless, molded polyethylene body. It contains a total capacity of 1200 lbs and a shipping weight of 300 lbs.
- 2555LP Low Profile Dumping Hoppers- 2555LP Low Profile Dumping Hoppers are designed to provide increased capacity with reduced height which is offered by McCullough Industries. For safety and strength, the low-profile self-dumping hoppers have a smooth edge around the top and pouring lip. It comes with 17-inch height profiles to suit small spaces and in-line production and load capacities of 4,000 lbs.
- Jesco Husky Dumper Self-Dumping Hoppers- Jesco Industries offers self-dumping hoppers that can handle bulk materials and scrap generated from manufacturing processes. These dumpers are designed to dump when the locking handle is tripped and revert to the upright locked position when empty.
Industrial Hoppers Market Scope:
| Report Metric | Details |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered |
|
| Companies Covered |
|
| Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Customization Scope | Free report customization with purchase |
Segmentation
- By Type
- Stretch Hoppers
- Drop Bottom Hoppers
- Self-Dumping Hoppers
- Others
- By Material
- Plastic
- Metal
- Composite Materials
- By End-User
- F&B
- Chemical
- Mining
- Manufacturing
- Agriculture
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- UK
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Indonesia
- Others
- North America
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Force Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
4.6. Forward Proxy
5. INDUSTRIAL HOPPERS MARKET BY TYPE
5.1. Introduction
5.2. Stretch Hoppers
5.3. Drop Bottom Hoppers
5.4. Self-Dumping Hoppers
5.5. Others
6. INDUSTRIAL HOPPERS MARKET BY MATERIAL
6.1. Introduction
6.2. Plastic
6.3. Metal
6.4. Composite Materials
7. INDUSTRIAL HOPPERS MARKET BY END-USER
7.1. Introduction
7.2. F&B
7.3. Chemical
7.4. Mining
7.5. Manufacturing
7.6. Agriculture
7.7. Others
8. INDUSTRIAL HOPPERS MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. UK
8.4.3. France
8.4.4. Spain
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. South Korea
8.6.4. India
8.6.5. Indonesia
8.6.6. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
10. COMPANY PROFILES
10.1. Redstone Industries LLC
10.2. Factor Supply
10.3. DENIOS
10.4. McCullough Industries
10.5. Jesco Industries Inc.
10.6. AGI
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