LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global ship loaders market provides an analysis on the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Sharan Raj, a lead analyst from Technavio, specializing in research on warehouse and storage sector says, “Increased investment in infrastructure development worldwide and recovery in the construction industry will drive the demand for ship loaders during the forecast period. Growth in industrial infrastructure in APAC, especially in Indonesia, Malaysia, the Philippines, and India is one of the major factors driving the ship loaders and bulk material handling equipment market worldwide.”
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The top three emerging market trends driving the global ship loaders market according to Technavio research analysts are:
- Incorporation of automated systems in ship loaders functions
- Increased demand for energy-efficient ship loaders
- Shift of mining activities to emerging economies
Incorporation of automated systems in ship loaders functions
Increased synchronization between different material handling systems is expected to materialize with IoT, machine-to-machine coordination, and communication. Technavio expects 20% of manufacturing functions to be completely automated by 2021. Port equipment that includes conveyor belts, ship loaders and unloaders, tipping trucks, dock equipment, and forklifts will be connected to computerized operator panel in the operator cabin.
For instance, in March 2016, an Italian company Bedeschi delivered a newly made ship loader to Yara Germany, which carried out all movements from the control cabin using programmable logic controller (PLC) automation. This level of connectivity will bring in workflow optimization, increased operational efficiency, and real-time data related to operations for detecting and rectifying any malfunction.
Increased demand for energy-efficient ship loaders
Mining companies worldwide are now focusing on the sustainable development of projects to receive energy-efficient certificates. These certifications require construction businesses to decrease their emissions and pollution throughout the project lifecycle. Hence, manufacturers worldwide are focused on the development of energy-efficient and user-friendly ship loaders. Consequently, R&D efforts of equipment manufacturing corporations have led to the development of energy-efficient and low-emission ship loaders.
Shift of mining activities to emerging economies
Emerging economies worldwide have experienced incremental investments in exploration as well as mining operations in the past decade to meet the increasing demand for minerals and the need to expand their existing mining resources. Mining firms are focusing on emerging economies such as South Africa, South America, and India for exploration activities. The share of expenditure on exploration activities in emerging economies has increased by 20% in the last decade.
“This trend is anticipated to continue during the forecast period. Emerging economies comprise large mineral reserves, which is a major factor leading to the shift of mining activities from developed countries to such destinations,” says Sharan.
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