Heavy-Duty Apron Feeder Market Report – Growth & Forecasts 2030

Heavy-Duty Apron Feeder Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Installation Type (Horizontal and Tilted) and Application (Aggregates, Coal, Concrete, Mining, and Others)

Publication Month : Sep 2023

  • Report Code : TIPRE00013825
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 144
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[Research Report] The heavy-duty apron feeder market was valued at US$ 786.86 million in 2022 and is projected to reach US$ 1,332.04 million by 2030; it is expected to register a CAGR of 6.8% during 2022–2030.

 

Analyst Perspective:

Asia Pacific has emerged as a dominant region for heavy-duty apron feeder market. Owing to a strong manufacturing base, low labor costs, and government initiatives promoting automation, the demand for heavy duty apron feeders is increasing in Asia Pacific. Also, rapid urbanization and a rise in mining activities are contributing to the market growth in the region. Countries such as Australia, China, and India are the key contributors owing to growing infrastructural and mining-related projects. FLSmidth and Metso are among the key players operating in the heavy-duty apron feeder market share in Asia Pacific.

The heavy-duty apron feeder market in North America has been growing steadily due to ongoing industrial projects and mining activities. Major players such as Terex Corporation and McLanahan Corporation dominate the market by providing enhanced equipment such as high-performance apron feeders capable of crushing and feeding large volumes of aggregates for various industries, including mining, construction, and aggregate processing.

Market Overview:

A heavy duty apron feeder is a type of mechanical equipment that is used for bulk material handling. It is widely used in power, steel, cement, and mining industries. A heavy duty apron feeder is built to endure the most challenging loads such as big blocks of coal and other minerals. Heavy duty apron feeders are loaded by large dump trucks. They can work efficiently even when fully loaded. Manufacturers of heavy duty apron feeders are actively seeking to expand their product lines by adding unique components to their product category. A heavy duty apron feeder is used to provide a continuous moving bed made up of one or more never-ending chains. These chains are attached with overlapping pans and are especially well-suited for conveying raw resources such as coal, rock, coke, stone, clay, ore, gravel, and slag.

The rise in global infrastructure construction is expected to fuel the heavy-duty apron feeder market during the forecast period. Increasing operational capabilities of heavy-duty apron feeders are contributing to the growth of the heavy-duty apron feeder market. Vendors are involved in producing cutting-edge apron feeders that provide users with enhanced operational capabilities. These new-generation heavy duty apron feeders are used to mix and blend raw materials for crushing, processing and extracting light to heavy-duty raw materials for the crusher equipment.

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Heavy-Duty Apron Feeder Market: Strategic Insights

heavy-duty-apron-feeder-market
Market Size Value inUS$ 786.86 million in 2022
Market Size Value byUS$ 1,332.04 million by 2030
Growth rateCAGR of 6.8% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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Market Driver:

Rising Demand from Mining Industry for Material Handling Boosting the Heavy-Duty Apron Feeder Market Growth

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.

Heavy-duty apron feeder 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. This apron feeder is approximately 18.2 m long, 7.3 m wide, and 4.9 m tall and weighs ~288,031 kg.

According to the International Energy Agency (IEA) report, Canada and Australia witnessed 40% year-on-year growth in the investment of hard-rock lithium mining. As per the IEA, one of the critical mineral start-ups raised US$ 1.6 billion in 2022, with a 160% year-on-year increase. The companies specializing in lithium mining increased spending by 50%, followed by those focusing on copper and nickel. Chinese companies nearly doubled their investment spending in 2022. The growing investment in the mining industry is bolstering the heavy-duty apron feeder market growth.

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Segmental Analysis:

Based on installation type, the heavy-duty apron feeder market is segmented into horizontal and tilted

In a horizontal heavy duty apron feeder , the apron pans or plates are arranged horizontally and parallel to the ground. Horizontal apron feeders are ideal for handling heavy, large, and abrasive materials that need to be transported horizontally over a long distance. The material flows in a horizontal direction along the feeder's length, providing a continuous and steady material flow. Horizontal heavy duty apron feeders are commonly used in applications where material needs to be transported from one point to another at ground level, such as in mining, aggregates, and industrial processes. A few horizontal heavy duty apron feeders are equipped with adjustable speed controls, allowing operators to vary the feed rate based on the material characteristics and processing requirements. Depending on end-use industries and the type of material, these feeders can be customized to suit specific application specifications, including length, width, and capacity. Owing to such advantages the horizontal heavy duty apron feeder segment is contributing to the heavy-duty apron feeder market growth.

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Regional Analysis:

The North America heavy-duty apron feeder market share is segmented into the US, Canada, and Mexico. The mining sector in North America, particularly in countries such as the US, Canada, and Mexico, is a significant driver for the heavy-duty apron feeder market. These feeders are essential in handling and transporting bulk materials in mining operations, supporting the extraction and processing of various minerals and metals. The heavy-duty apron feeder market in North America is expected to continue its growth trajectory due to the steady expansion of various end-use industries and ongoing investments in infrastructure development. For instance, according to the data published by the government of Canada, US$ 89 billion in capital expenditures spread across 119 major mining-related projects, the mining sector demonstrated continued interest in mine constructions, redevelopments, expansions, and processing facilities. The increase in capital expenditures from US$ 82 billion and 120 projects in 2020 to US$ 89 billion and 119 projects in 2021 signified interest in mining-related projects despite the challenges posed by the COVID-19 pandemic in Canada. The region's continued focus on infrastructure development, including construction projects, ports, and terminals, contributes to the heavy-duty apron feeder market. These feeders are crucial in efficiently transporting bulk materials in such projects, enhancing overall productivity.

Key Player Analysis:

FLSmidth; MEKA; Metso Outotec Corporation; McLanahan; Sandvik AB; TAKRAF GmbH; Terex Corporation; Thyssenkrupp Industrial Solutions AG; and Williams Patent Crusher and Pulverizer Co., Inc. are among the key heavy-duty apron feeder market players operating in the market.

Recent Developments: 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the global heavy-duty apron feeder market. A few recent developments by the key heavy-duty apron feeder market players are listed below:

Year

News

Region

2023

First Quantum Minerals (FQM) of Canada has placed an extra order with Metso to deliver minerals processing equipment to its Kansanshi copper mine S3 expansion in Zambia, which is scheduled to begin in 2022. The deal is worth more than EUR 20 million and has been recorded in the Minerals segment's second-quarter orders received. Metso's delivery line includes apron feeders, Nordberg MP800TM cone crushers, and a variety of other machines.

Europe

2021

TAKRAF South Africa provided two apron feeders to a copper-cobalt mine in the Democratic Republic of the Congo.

 MEA

2023

Metso has received orders for apron feeders, associated services, and spare parts to support a mining customer project in the Americas. The orders are worth US$ 28.6 million (EUR 20 million). Metso's scope of delivery comprises an amazing apron feeder package that includes Metso's AF18 apron feeder, one of the largest feeders ever created by Metso.

North America

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Installation Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


Which region to dominate the heavy-duty apron feeder market in the forecast period?

Owing to a strong manufacturing base, low labor costs, and government initiatives promoting automation, the demand for heavy duty apron feeders is increasing in Asia Pacific. Also, rapid urbanization as well as a rise in mining activities, are a few factors contributing to the market growth in the region. Countries such as Australia, China, and India are the key contributors in owing to growing infrastructural and mining related projects. FLSmidth and Metso are among the key players operating in the heavy-duty apron feeder market in Asia Pacific.

Who are the major vendors in the heavy-duty apron feeder market?

FLSmidth; Metso Outotec Corporation; Sandvik AB; Terex Corporation; and Thyssenkrupp Industrial Solutions AG top five key market players operating in the global heavy duty apron feeder market.

What is the future trend for heavy duty apron feeder market?

Automation plays a crucial role in streamlining various industrial processes, improving efficiency, reducing manual labor, and ensuring consistent material handling operations. Apron feeders are well-suited for integration into automated industrial setups, providing a reliable and controlled material flow between different stages of operations. As more manufacturers recognize the benefits of automation and invest in automated industrial processes, the demand for apron feeders is expected to increase.

What are market opportunities for the heavy-duty apron feeder market?

With the increase in industrialization, the demand for raw materials such as minerals, ores, and aggregates are also rising. Heavy duty apron feeders are essential for efficiently transporting these heavy materials from mining and quarrying sites to processing plants. The rising industrialization in emerging economies is anticipated to open substantial growth opportunities for the heavy-duty apron feeder market. As these economies continue to develop and invest in various industries, the demand for efficient and reliable material handling solutions, such as heavy-duty apron feeders, is likely to increase.

What are reasons behind heavy duty apron feeder market growth?

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.

The List of Companies - Heavy Duty Appron Feeder Market

  1. FLSmidth
  2. MEKA
  3. Metso Outotec Corporation
  4. McLanahan
  5. Sandvik AB
  6. TAKRAF GmbH
  7. Terex Corporation
  8. Thyssenkrupp Industrial Solutions AG
  9. Williams Patent Crusher and Pulverizer Co., Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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