The Drum Handling Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Drum Handling Equipment Global Market Report 2024, The drum handling equipment market size has grown strongly in recent years. It will grow from $2.53 billion in 2023 to $2.73 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to industrial growth and manufacturing activities, stringent occupational safety regulations, expansion of the chemical and pharmaceutical sectors, rise in oil and gas exploration and refining, increased international trade and logistics. The drum handling equipment market size is expected to see strong growth in the next few years. It will grow to $3.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
The increase in e-commerce activity and the expansion of warehouse facilities are expected to drive the growth of the drum-handling equipment market in the future. E-commerce refers to the buying and selling of goods and services over the internet, while warehouse facilities are large structures where goods are stored before distribution. Drum-handling equipment plays a crucial role in these environments by facilitating the efficient transportation and storage of goods, ensuring workplace safety, and streamlining operations. For example, data from the International Trade Administration indicates that consumer e-commerce now constitutes 30% of the UK’s total retail sector, with annual e-commerce revenue surpassing $120 billion. Additionally, in 2021, 82% of individuals in the UK made at least one online purchase, highlighting the significant growth and prevalence of e-commerce activity.
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The drum handling equipment market covered in this report is segmented –
1) By Type: Manual Drum Handling Equipment, Automatic Drum Handling Equipment
2) By Distribution Channel: Direct, Indirect
3) By Application: Food, Chemicals, Pharmaceutical, Industrial, Other Applications
Top Major Players
Komatsu Ltd.,
Wesco Industrial Products LLC,
KION Group AG,
Jungheinrich AG,
Hyster-Yale Group Inc.
The drum handling equipment market report table of contents includes:
1. Executive Summary
- Drum Handling Equipment Market Characteristics
- Drum Handling Equipment Market Trends And Strategies
- Drum Handling Equipment Market – Macro Economic Scenario
- Global Drum Handling Equipment Market Size and Growth
- Drum Handling Equipment Market Segmentation
- Drum Handling Equipment Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Drum Handling Equipment Market
- Drum Handling Equipment Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Drum Handling Equipment Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Drum Handling Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Drum Handling Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……………..
Table 74: Komatsu Ltd. Financial Performance
Table 75: Wesco Industrial Products LLC Financial Performance
Table 76: KION Group AG Financial Performance
Table 77: Jungheinrich AG Financial Performance
Table 78: Hyster-Yale Group Inc. Financial Performance
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