Global Reclaimer Market Size study & Forecast, by Capacity (Less than 10 Ton, 10-20 Ton, 20-30 Ton, and Above 30 Ton), by Application (Road Construction, Airport, Wharf, and Public Engineering) and Regional Analysis, 2022-2029

Global Reclaimer Market Size study & Forecast, by Capacity (Less than 10 Ton, 10-20 Ton, 20-30 Ton, and Above 30 Ton), by Application (Road Construction, Airport, Wharf, and Public Engineering) and Regional Analysis, 2022-2029

Global Reclaimer Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Reclaimer is a sizable machine used for bulk material handling. From a stockpile, it recovers bulk materials like ores and grains. A convoy system, a bucket wheel, a counterweight boom, and a rocker are all parts of the reclaimer. This machine can be put together in a variety of ways depending on the situation. On rails that are built between stockpiles in the stockyard, the reclaimer moves. Reclaimer is an electrically powered machine that transmits power using a trailing cable. It is a volumetric machine, and its capacity, which is measured in cubic metres per hour, can be converted to tonnes per hour based on the typical density of the material. The rising expansion of construction industry and growing demand for automatic tools and machines are key factors driving the market growth.

The rising expansion of construction industry worldwide is contributing towards the growth of the Global Reclaimer Market. For instance – as per Oxford Economics estimates – in 2020, the global construction output was estimated at USD 10.7 trillion and this amount is projected to grow by more than 42% or USD 4.5 trillion between 2020 and 2030 to reach USD 15.2 trillion towards the end of 2030. Also, growing infrastructure development investment in developing economies and rising advancements in reclaimers would create lucrative growth opportunities for the market over the projected period. However, volatile cost of raw materials hinders the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Reclaimer Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the rapid development in infrastructure and construction sector as well as presence of leading market players in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising number of construction projects towards the development of airports, expressways, commercial and residential buildings, and piping networks for oil and gas industry in the region.

Major market players included in this report are:

Wirtgen Group
Caterpillar Inc.
Bopparder Maschinenbau-Gesellschaft mbH
XCMG Construction Machinery Group Co., Ltd.
Case Construction Equipment
Sakai Heavy Industries, Ltd
JCB
Dynapac
Volvo Group
Shantui Construction Machinery Co., Ltd.

Recent Developments in the Market:
In August 2020, Vermeer announced availability of its new reclaimer for the horizontal directional drilling (HDD) industry, this new system is specially designed for large-diameter pipeline installation applications. The new R600T model features a redesigned linear-motion shaker deck to help reduce weight, increase the available G-force and extend screen life.

Global Reclaimer Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Capacity, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Capacity
Less than 10 Ton
10-20 Ton
20-30 Ton
Above 30 Ton

By Application
Road Construction
Airport
Wharf
Public Engineering

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Wirtgen Group
Caterpillar Inc.
Bopparder Maschinenbau-Gesellschaft mbH
XCMG Construction Machinery Group Co., Ltd.
Case Construction Equipment
Sakai Heavy Industries, Ltd
JCB
Dynapac
Volvo Group
Shantui Construction Machinery Co., Ltd.

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