Growing Construction and Cement Industry to Boost Loading Spout Market

Posted on 2019-07-03 by Mark Hub in Internet & Online // 0 Comments

Rockville, USA, 2019-Jul-03 — /EPR Network/ — In this report, Fact.MR offers a 10-year forecast of the global loading spout between 2018 and 2028. Regarding value, the market is anticipated to expand at a CAGR of 5.1% during the forecast period (2018-28). Regarding volume, the market is expected to grow at a CAGR of 4.5% during the forecast period (2018-28). This study manifests an impact analysis of the different forecast factors and is expected to influence the revenue growth of the loading spout market over the period 2018 – 2028. This report is a comprehensive take on the performance of the loading spout market and presents detailed insights on the various drivers pushing the sales of loading spout, the different challenges hindering revenue growth of the loading spout market, opportunities available to manufacturers of loading spout, as well as the trends that are likely to impact growth in sales revenue of the loading spout market. The study reveals market dynamics in seven geographic segments along with market analysis for the current market environment and future scenario over the forecast period.

Demand for loading spout continues to witness an upswing, with a range of industry-specific and macroeconomic factors turning the tide in favor of loading spout manufacturers. Mitigation of negative impact of dust explosions has remained the main focus of several government organizations. OSHA (Occupational Safety and Health Administration) and NFPA (National Fire Protection Association) have mandated use of loading spout in grain handling industries, which is likely to create sustained prospects of growth for loading spout manufacturers.

The overall outlook on loading spout market is expected to remain positive and key stakeholders can expect a steady stream of opportunities throughout the period of assessment.

While dust control remains a critical need of the hour, development of technologically advanced loading spout continue to influence sales, reveals a new Fact.MR study. The research report foresees that the demand for loading spout worldwide is expected to grow at a steady 5.1% CAGR with respect to value throughout the period of forecast, 2018-2028.

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Manufacturers are using CAD (Computer Aided Design) and CAM (Computer Aided Manufacturing) to develop precise and highly efficient loading spouts. These advanced manufacturing technologies ensure high durability, speed and accuracy, strongly focused on providing cost efficient equipment. This innovative manufacturing approach is likely to advocate an increase in loading spout demand through 2028.

Sale of loading spout continues to remain concentrated in the developed countries of Europe and North America. European countries are expected to lead in terms of sales and demand of loading spouts on the back of stringent government regulations. Emerging economies of Asia Pacific excluding Japan (APEJ) such as China and India have also showcased remarkable inclination toward use of loading spout, says the report. China in particular is expected to lead the APEJ loading spout market owing to its massive cement industry growth. Use of loading spout in the pharmaceutical and food and beverage industries have also significantly contributed to the increasing demand for the equipment in these countries.

Growing construction and cement industry to boost loading spout market

The demand for loading spout from the cement industry has increased significantly in the last few years, due to increase in urbanization and growth in the industrial sector. Multinational companies are eyeing the Asia Pacific excluding Japan region in the anticipation of increased demand from the building & construction industry. China has become the largest cement producer in today’s global scenario, followed by India. A steady rise in the cement industry will increase the demand for its bulk handling, and in turn, loading spout.

Key players operating in the global market for loading spout include Adaptive Engineering and Fabrication, WAM Group, MM Despro Engineering Pvt Ltd, Gesellschaft für Planung, Maschinen- und Mühlenbau Erhard Muhr mbH, SLY Inc., Beumer Group, Daxner GmbH, Hennlich s.r.o. and Pebco Inc. among others.

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