PUBLISHER: The Insight Partners | PRODUCT CODE: 1463750
PUBLISHER: The Insight Partners | PRODUCT CODE: 1463750
The Middle East & Africa heavy-duty apron feeder market was valued at US$ 44.63 million in 2022 and is expected to reach US$ 65.34 million by 2030; it is estimated to grow at a CAGR of 4.9% from 2022 to 2030.
Rising Demand from Mining Industry for Material Handling Fuels the Middle East & Africa Heavy-Duty Apron Feeder Market
Heavy-duty apron feeders are used for efficient and reliable handling of bulk materials such as coal ores and minerals, including iron ore, copper ore, bauxite ore, and other minerals. These materials are fed into crushers and other processing equipment through an apron feeder. The growing demand for material handling equipment is one of the major driving factors for the heavy-duty apron feeder market. Market players are launching various products in order to fulfill the growing demand for heavy-duty apron feeders from the mining industry. For instance, in November 2022, McLanahan-a company that designs and manufactures equipment for a wide variety of industries, including mineral, industrial sands, and aggregate-announced the completion of its largest apron feeders, which will be used for metering phosphate ore from rail cars to a conveyor.
Middle East & Africa Heavy-Duty Apron Feeder Market Overview
There is an increasing demand for heavy duty apron feeders in several countries in the Middle East & Africa (MEA) owing to the rise in mining projects. The mining industry in the Middle East & Africa is expected to become more efficient and effective in the coming years. The majority of the Middle East is yet to utilize its resources using contemporary techniques and equipment. However, Africa has an abundance of natural resources. Over 30% of the world's mineral deposits have been discovered in Africa; but the economy receives less than 5% of global resource exploration and extraction expenditure. Hence, the potential for the expansion of the mining sector in the MEA is still remains unexplored. Many developing countries in the region have recently enacted or are working on new mining legislation to promote investment in various fields. For example, the Gulf Cooperation Council members are planning on creating a uniform regulatory structure in various fields, including mining and mining equipment. According to the world bank report, the MEA contains ~1,500 mineral facilities, including mines, factories, mills, and refineries for aluminum, cement, coal, copper, diamond, gold, iron, steel, nickel, platinum-group metals, salt, and silver.
Furthermore, petroleum and coal are available in abundance in the MEA. Governments of many nations and foreign exploration corporations have continued to search for these lucrative minerals across the region. Apron feeders are critical in mining for guaranteeing smooth operations and maximizing uptime. They have a wide range of applications in mineral processing circuits for example in feeding and crushing big mineral ores. Thus, with the rising number of mining-related projects, the demand for mining equipment, including heavy duty apron feeders, is also growing. This, in turn, is driving the Middle East & Africa heavy duty apron feeder market.
Middle East & Africa Heavy-Duty Apron Feeder Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Heavy-Duty Apron Feeder Market Segmentation
Based on installation type, the Middle East & Africa heavy-duty apron feeder market is bifurcated into horizontal and tilted. The horizontal segment held a larger share in 2022.
Based on application, the Middle East & Africa heavy-duty apron feeder market is segmented into aggregates, concrete/cement, crushing, mining, and others. The mining segment held the largest share in 2022.
Based on country, the Middle East & Africa heavy-duty apron feeder market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa heavy-duty apron feeder market in 2022.
Astec Industries Inc, Meka Ithalat Ihracat Pazarlama ve Ticaret AS, Metso Outotec Corp, McLanahan Corp, Sandvik AB, and Thyssenkrupp Industrial Solutions AG are some of the leading companies operating in the Middle East & Africa heavy-duty apron feeder market.
Table of Content