Middle East & Africa Bucket Elevator Market

The Middle East & Africa bucket elevator market is expected to grow from US$ 73.59 million in 2022 to US$ 97.69 million by 2028. It is estimated to grow at a CAGR of 4.8% from 2022 to 2028.

Growing Demand for Bucket Elevators in Fertilizer Industry is Driving the Middle East & Africa Bucket Elevator Market

Bucket elevators present a simple but efficient method of elevating free-flowing and semi-free-flowing bulk materials. Their characteristic simplicity makes them a popular choice for bulk material handling and processing applications in fertilizer plants. Bucket elevators are used to move ore at mining sites and dispatch finished products from a fertilizer plant. Centrifugal belt-style elevators are mostly utilized for high-capacity tasks that require moving large quantities of material quickly. Further, a centrifugal-chain elevator is often used for moving ore at a mine site as it allows for greater capacity and is more rugged than belt-style elevators. For superhigh-capacity handling, a double-chain configuration is often employed. Most bucket elevators supplied to the fertilizer industry have higher corrosion and abrasion resistance, as compared to those utilized in other industries. This is because materials used in the production of fertilizers have corrosive qualities, due to which they can cause excessive premature wearing of the buckets. Similarly, abrasion is a prevalent concern for many fertilizer manufacturers, particularly on the mining and ore-handling sides. With a rising population and growing demand for major crops, there is a steep rise in the consumption of fertilizers. Thus, the rising use of bucket elevators in fertilizer manufacturing plants is driving the market growth.

Middle East & Africa Bucket Elevator Market Overview

The Middle East & Africa (MEA) bucket elevator market is segmented into Saudi Arabia, South Africa, UAE, and the Rest of MEA. The MEA countries like Saudi Arabia, Kuwait, and UAE are witnessing rapid investment in infrastructural development, including hospitals, airports, commercial complexes, and residential complexes. The government bodies have increased their investment in infrastructural development to enhance their medical facilities via new hospital development and connectivity through new airport constriction. Few major construction projects in MEA are listed below:

• Netcare investment company in December 2021 announced the construction of the 400-bed multi-specialty hospital in South Africa. The hospital started operating in April 2022.
• Some major projects currently under construction in Saudi Arabia include the Neom City project, Riyadh metro construction, Diriyah gate (the world’s largest cultural & heritage development), and the Qiddiyah city development project.
• The Kuwait airport expansion project started construction activities in 2017 under a six-year contract to Limak Insaat, a Turkey-based construction company.

These construction projects across the region are increasing the demand for several construction equipment including bucket elevators. Additionally, government bodies across developing countries, such as South Africa, are further increasingly investing in overall city development. These factors are further expected to influence the growth of the MEA bucket elevator market over the forecast period. Middle Eastern countries are rich in minerals such as copper, gold, silver, zinc, lead, tin, and aluminium. This factor is contributing to the growth of mining activities across the region. GCC accounts for almost 20% of global aluminium production. Thus, the rising mining activities across the region are influencing the increase in demand for bucket elevators. Thereby it is likely to contribute to the market's growth over the years.

Middle East & Africa Bucket Elevator Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Bucket Elevator Strategic Insights

Strategic insights for the Middle East & Africa 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.

Middle East & Africa Bucket Elevator Report Scope

Middle East & Africa Bucket Elevator Regional Insights

The geographic scope of the Middle East & Africa 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.

Middle East & Africa Bucket Elevator Market Segmentation 

The Middle East & Africa bucket elevator market is segmented into type, capacity, industry, and country.

Based on type, the Middle East & Africa 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 Middle East & Africa bucket elevator market.

Based on capacity, the Middle East & Africa 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 Middle East & Africa bucket elevator market.

Based on industry, the Middle East & Africa 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 Middle East & Africa bucket elevator market.

Based on country, the Middle East & Africa bucket elevator market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. In 2022, Saudi Arabia segment registered a largest share in the Middle East & Africa bucket elevator market.

AGCO Corp; BEUMER Group GmbH & Co KG; Ryson International Inc; Satake Corp; and Skandia Elevator AB are the leading companies operating in the Middle East & Africa bucket elevator market.