Overview:

The global apron feeders market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Apron feeder is a mechanical instrument widely used in various material handling operations. It is also known as plate feeder or apron conveyor. These machines used to carry materials through various stages of manufacturing or supplying in industrial operations.

Market Dynamics:

Rise in mining activities especially in Middle East and Asia Pacific countries is a key factor driving growth of the global apron feeders market. Rising demand of energy and growing demand for crude oil are key factors resulting in growth of the target market. Also, technological advancement in material handling systems is another factor expected to fuel growth of the target market to a significant extent during the forecast period.

However, high machinery setup cost is a major factor hampering growth of the global apron feeders market to a certain extent. Nevertheless, growing construction activity in commercial and residential sector and rising number of various infrastructure projects is expected to result in demand for apron feeders from cement industry during the forecast period.

Key Trends:

Growing number of product launches by major manufacturers to expand product portfolio is a key trend observed in the global apron feeders market. For example, in September 2019, FLSmidth & Co. A/S has launched Hybrid Apron Belt (HAB) feeder for run-of-mine and stockyard applications.

Regional Analysis:

For detailed understanding of market dynamics, the global apron feeders market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region is accounted for major market share in terms of revenue in the global apron feeder market in the year 2019. Presence of key coal manufacturing companies in the region coupled with increasing adoption of material handling systems among various end use industries are key factors driving growth of the Asia Pacific apron feeder market.

However, the market in Middle East & Africa and Europe is expected to witness significant growth during the forecast period. This is highly associated with development and expansion of key mining sites in countries in the region.

Scope of the Report:

Detailed Segmentation:

Global Apron Feeders Market, By Installation Type:

• Horizontal Apron Feeder
• Vertical Apron Feeder

Global Apron Feeders Market, By Product Type:

• Large Apron Feeder
• Small Apron Feeder

Global Apron Feeders Market, By Application:

• Coal
• Cement
• Mining
• Mineral Processing
• Other Applications

Key Players Covered:

Key players operating in the global apron feeders market includes FLSmidth A/S, Williams Patent Crusher and Pulverizer Co., Inc., McLanahan Corp., Metso Corp., MMD GPHC Ltd., N.M. Heilig B.V., MDS International, Sandvik AB, Terex Corp., and Thyssenkrupp AG.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Apron Feeders Market by installation type, product type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global apron feeders market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.