Which Region Offers Larger Opportunity for Sales of Material Buggies Rise in demand for material carrying equipment is evident due to the continuously growing construction and mining industry across the world. Changing technology in material handling equipment in developed and developing countries is felicitating the use of advanced pay loading equipment at construction and mining sites. Increase in public-private partnership projects are raising demand for material buggies to carry material at constructions sites. For instance, the Indian government has planned to construct six-lane highways to connect metro cities to other cities. For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=5793 At present, Europe holds the largest revenue share in the global material buggy space, owing to the well-established advanced material handling equipment industry in the region, especially the United Kingdom. The United Kingdom sold approximately 520 units of material buggies in 2020, which includes large numbers of diesel engine material buggies. As per the report new published by Fact.MR, the global material buggy market is anticipated to exceed a valuation of US$ 230 Mn by 2021, and is expected to expand at an impressive CAGR of around 7% over the forecast period of 2021 to 2031. Key Takeaways from Market Study
In 2020, one-third of market revenue was generated solely by the European region. Material buggies with diesel engines account for more than 40% of global sales. In 2020, North America and Europe together accounted for approximately 60% of global market share. The European market is expected to offer over US$ 77 Mn absolute dollar opportunity over the next ten years. The market for material buggies is moderately concentrated, where companies such as The Toro Company, Allen Engineering, and Bartell Global hold around 30% of the global market share. The market in East Asia is projected to expand at a CAGR of around 9.5% throughout 2021-2031. For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5793 Key Market Segments Covered
By Engine o Electric Material Buggies o Petrol Material Buggies o Diesel Material Buggies o Gas Material Buggies By Type o Tracked Material Buggies o Wheel Material Buggies
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/5793 Winning Strategy Advancements in technology towards material carrying equipment and new ways to carry material from construction and mining sites are likely to impact the current material carrying equipment market in the near future. Companies such as Operval are providing remote control transmission material buggies, which provides a new approach to carry material from hilly areas, and it also avoid the chances of damage. Owing to the needs of end users, innovation in material buggies, which allows to run them with the help of hydrogen cell, will reduce the lifecycle cost of these systems. This can be a key winning strategy for manufacturers of material buggies. Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/newsrelease/2020/03/24/2005618/0/en/Microcontroller-Sales-Poised-for-10-CAGR-During2019-2029-Increasing-Vehicle-Automation-to-Accelerate-Market-Growth-Projects-aNew-Fact-MR-Report.html Explore Fact.MR’s Comprehensive Coverage on Industrial Goods Landscape Cold Trap Market Analysis on Assessment of Sales Opportunity Based on Functionality, Gas and End-Use Industry during 2021-2031- https://www.factmr.com/report/4228/coldtrap-market Pressure Sensor Market Growth to Spur on the Back of Application In Medical, Automobile, Consumer Electronics and Oil And Gas Sectors. – https://www.factmr.com/report/4229/pressure-sensor-market Scraper Conveyor Market Insights on Assessment of Demand Opportunity by Type – Parallel Scraper Conveyor and Overlapped Scraper Conveyor – https://www.factmr.com/report/4230/scraper-conveyor-market About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. Contact: US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583
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