Europe Bucket Elevator Market

The Europe bucket elevator market is expected to grow from US$ 223.61 million in 2022 to US$ 309.75 million by 2028. It is estimated to grow at a CAGR of 5.6% from 2022 to 2028.

Increased Use of Bucket Elevators in Cement Plants with Growth in Infrastructure Projects is Driving the Europe Bucket Elevator Market

The migration of people from rural to urban areas over the years has been a common phenomenon worldwide, particularly in developing countries. The percentage of urban dwellers was above 79% in developed countries, including the UK. With the growing urban population, the need for high-rise buildings has increased in urban areas. In September 2020, Beumer Group completed the installation of Germany’s highest bucket elevator at Heidelberg Cement’s Schelklingen plant near Ulm, Baden-Württemberg, Germany. The installed high-capacity belt bucket elevator has a center distance of 131.8 m and a bucket width of 800 mm, and it achieves an output of 400 tph. Such instances indicate the rising demand for various types of bucket elevators in the cement industry.

Europe Bucket Elevator Market Overview

Based on geography, the Europe bucket elevator market is segmented into Germany, France, Italy, UK, Russia, and the Rest of Europe. European countries like France, Germany, and the UK have a robust construction industry. Favourable government initiatives, along with global manufacturing companies opening their production plants in the European region, are accelerating the growth of the construction industry. The healthcare sector of the region has also increased its investment significantly. Some of the major developments in the healthcare industry influencing the growth of the construction sector are mentioned below:

• The redevelopment project of Hospitacite Hospital Complex across 10 hectares of land in Belgium is worth US$ 493 million. The construction began in the third quarter of 2021 and is projected to be completed in the fourth quarter of 2025. The concept proposes linking the oncology and haematology activities of the Saint-Luc University Clinics with those of the forthcoming King Albert II Institute, which will be housed on the Alma site.
• The development project of the Lörrach Central Hospital campus entails the development of a 47,000-sq. m. Central Hospital complex in Lörrach, Baden-Württemberg, Germany, worth US$ 418 million. The construction began in Q3 2021 and is projected to be completed in Q4 2025.
• The Galliera Hospital project worth US$ 185 million involves the construction of a 73,400 sq. m., 400-bed hospital in Italy.

The region also homes several food manufacturers. Ferrero Group, FrieslandCampina, JBS, Planted, Brewdog, Huel, Kraft, Mars food, Nestle, and Unilever are among the renowned ones. The strategic initiatives of these companies to expand their production capabilities in Europe and increase their annual production volume are further contributing to the growing demand for bucket elevators from the food industry, thereby contributing to its market growth.

The region homes several bucket elevator market players, such as BEUMER Group GmbH & Co KG, Gough & Co (Engineering) Ltd, Motridal SpA, Skandia Elevator AB, and AGCO Corp. The organic and inorganic growth strategies adopted by these companies to expand their product portfolio and geographical presence are further driving the Europe bucket elevator market growth. For instance, BDC, which offers grain handling and storage solutions, launched Skandia’s products in the UK. In the UK, BDC Systems distributes a complete range of grain handling machinery from the renowned Skandia Elevator range of belt & bucket elevators, chain & flight conveyors. The latest Skandia products are new In Line conveyor outlet slides as well as a new design of Dust and Chaff extractor.

Europe Bucket Elevator Market Revenue and Forecast to 2028 (US$ Million)

Europe Bucket Elevator Strategic Insights

Strategic insights for the Europe Bucket Elevator provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Bucket Elevator Report Scope

Europe Bucket Elevator Regional Insights

The geographic scope of the Europe Bucket Elevator refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Europe Bucket Elevator Market Segmentation 

The Europe bucket elevator market is segmented into type, capacity, industry, and country.

Based on type, the Europe bucket elevator market is segmented into centrifugal discharge elevators, continuous discharge elevators, positive discharge elevators. In 2022, the centrifugal discharge elevators segment registered a largest share in the Europe bucket elevator market.

Based on capacity, the Europe bucket elevator market is segmented as upto 350 cubic feet per hour, 351–830 cubic feet per hour, 2001 – 2800 cubic feet per hour, 831 – 2000 cubic feet per hour, above 2801 cubic feet per hour. In 2022, the 350 cubic feet per hour segment registered a largest share in the Europe bucket elevator market.

Based on industry, the Europe bucket elevator market is segmented into construction, agriculture, mining, fertilizers & chemicals, energy and utilities, paper and pulp, others. In 2022, the construction segment registered a largest share in the Europe bucket elevator market.

Based on country, the Europe bucket elevator market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. In 2022, the Germany segment registered a largest share in the Europe bucket elevator market.

AGCO Corp; BEUMER Group GmbH & Co KG; Gough & Co (Engineering) Ltd; Motridal SpA; Ryson International Inc; Satake Corp; and Skandia Elevator AB are the leading companies operating in the Europe bucket elevator market.