The Drum Handling Equipment Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Drum Handling Equipment Market?
The market size of drum handling equipment has seen a significant rise over the years. It is projected to increase from $2.73 billion in 2024 to $2.93 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Drum Handling Equipment Industry?
The Drum Handling Equipment Global Market Report 2025 predicts that by 2029, the market size of drum handling equipment will grow to $3.83 billion, with a compound annual growth rate (CAGR) of 6.9%.
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What are the Key Growth Drivers Fueling the Drum Handling Equipment Market?
The key drivers in the drum handling equipment market are:
• Rising demand in the food and beverage industry
• Expansion of the renewable energy sector
• Increased globalization and supply chain complexity
• Growth in e-commerce and warehousing activities
Global Market Segmentation: Identifying Major Drum Handling Equipment Industry Segments
The drum handling equipment market covered in this report is segmented –
1) By Type: Manual Drum Handling Equipment, Automatic Drum Handling Equipment
2) By Distribution Channel: Direct, Indirect
3) By Application: Food, Chemicals, Pharmaceutical, Industrial, Other Applications
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What are the Emerging Trends Shaping the Future of the Drum Handling Equipment Market?
The key trends in the drum handling equipment market are:
• Technological advancements in handling equipment are set to shape the future of the industry.
• Integration of electric and hydraulic technologies is getting prominent.
• Advancements in automated drum handling systems are currently on the rise.
• There's a growing focus on sustainable and eco-friendly solutions, as well as rising demand for customization and versatility.
Who Are the Top Competitors & Leading Players in the Drum Handling Equipment Market?
Major companies in the drum handling equipment market are:
• Komatsu Ltd.
• Wesco Industrial Products LLC
• KION Group AG
• Jungheinrich AG
• Hyster-Yale Group Inc.
• Crown Equipment Corporation
• Hangcha Group Co. Ltd.
• Lonking Holdings Limited
• SSI SCHAEFER Group
• Beumer Group GmbH
• RUD Group
• METO Systems Inc.
• EP Equipment Co. Ltd.
• Flexicon Corporation
• Beacon Industries Inc.
• Pentalift Equipment Corporation
• Greenfield Products LLC
• Valley Craft Industries Inc.
• BHS Inc.
• Morse Manufacturing Co. Inc.
• Lift Products Inc.
• Material Flow and Conveyor Systems Inc.
• Ruger Industries Inc.
• Wuxi Tongyang Machinery Technology Co. Ltd.
• Drum Runner Material Handling Co.
• Easy Lift Equipment Company Inc.
• Eastwest Engineering & Electronics Pvt. Ltd.
• KIJEKA Engineers Pvt Ltd.
• Liftomatic Material Handling Inc.
Regional Dominance: Which Area Leads the Global Drum Handling Equipment Market?
Asia-Pacific was the largest region in the drum handling equipment market in 2024
