Market Insights
Drum Dumper Market is likely to witness a CAGR of 6.5% during the forecast period. Drum dumper is an equipment that is employed to discharge bulk solid materials from drums. Drum dumpers are low-cost drum handling equipment that raise the drum by using hydraulic cylinders or electric motors until the material discharges on the chute or in the receiving vessel. The ability of drum dumpers to handle hazardous materials with ease is a contributing factor to the growth of the market. The use of drum dumpers in the pharmaceutical industry is also increasing due to the increasing demand for medicines following the pandemic and the increased mass production of medications to meet the market's high demand. Furthermore, rising investment by major companies in R&D on drum dumper to improve its performance, efficiency, and safety, among other things, is expected to drive rapid growth in the market during the forecast period.
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Drum Dumper Market – Snapshot
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Growth
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6.5% for the next five years
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Major Power Source Type
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Hydraulic
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Major Product Type
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Stationary Drum Dumper
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Major Application Type
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Industrial
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Region with the highest demand
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North America
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Key Players
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METO Systems, Valley Craft Industries, Vestil Manufacturing Corp.,
Beacon Industries, Flexicon Corporation, Wuxi Tongyang
Machinery, National Bulk Equipment, Inc., Liftomatic Material
Handling, Inc., Drum Runner, Ruger Industries (David Round Company), KIJEKA Engineers, Air Process Systems & Conveyors Co., Inc.,
Easy Lift Equipment, and K.Y Industries
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Market Segments' Analysis
Drum Dumper Market Share: By Power Source Type
Based on the power source type, the market is segmented as hydraulic and electric. The hydraulic power source type is expected to dominate the market during the forecast period on account of its low cost and the need for ergonomic design for dumping on higher surfaces. Furthermore, the hydraulic mechanism can lift materials up to 20 meters and tilt materials at various heights. Hydraulic mechanisms are used in forklifts to make better use of the mechanism.
Drum Dumper Market Share: By Product Type
Based on the product type, the market is segmented as portable drum dumpers and stationary drum dumpers. The stationary drum dumper segment is estimated to account for the major share of the market during the forecast period. The segment's dominance can be attributed to the superior features offered by stationary drum dumpers over other dumpers, such as ease of operation and rigid design.
Drum Dumper Market Share: By Application Type
Based on the application type, the market is segmented as food, chemicals, pharmaceuticals, industrial, and others. The industrial application segment is estimated to account for the major share of the market during the forecast period on account of the increasing applications of drum dumpers in a variety of industrial operations. The growing awareness and demand for precision and accuracy in industrial applications, as well as the use of drum dumpers to reduce process waste and improve operational efficiency, is driving the market growth.
Drum Dumper Maret Share: By Region
In terms of regions, North America is estimated to be the leading region in the market during the forecast period. The region's dominance is led by the United States, which has emerged as the world's largest oil producing country, resulting in significant growth in the region's oil and gas industry. However, due to the rapid growth of the manufacturing, chemical, and food industries in countries such as India, China, and Indonesia, Asia-Pacific is expected to be the fastest-growing region of the market during the forecast period.
Market Scope & Segmentation
Drum Dumper is a drum handling equipment used for discharging bulk solid and liquid materials from drums allowing smooth, unobstructed discharge of free-flowing materials as well as non-free-flowing products containing large agglomerates dumping. It includes several components such as drum lifter and tilter, forklift drum rotator, and lift equipment.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Drum Dumper Market Research Report - Features
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Market Segmentation
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4
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Regions Covered
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4
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Countries/Sub-Regions Covered
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17
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The Drum Dumper Market is segmented into the following categories
Drum Dumper Market Size, Share, & Forecast, by Power Source Type:
- Hydraulics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Electric (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Drum Dumper Market Size, Share, & Forecast, by Product Type:
- Portable Drum Dumpers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Stationary Drum Dumpers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Drum Dumper Market Size, Share, & Forecast, by Application Type:
- Food (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Chemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Pharmaceutical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Drum Dumper Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation by any one of the product types by application type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
