North America Loading Spout Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Loading System (Closed Loading, Open Loading, and Combined Loading), Type (Heavy-Duty Loading Spout and Standard Duty Loading Spout), and End User (Mining, Sh

North America Loading Spout Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Loading System (Closed Loading, Open Loading, and Combined Loading), Type (Heavy-Duty Loading Spout and Standard Duty Loading Spout), and End User (Mining, Shipping, Food and Beverage, Oil and Gas, Construction, Chemical, and Others)

The North America loading spout market is expected to grow from US$ 55.96 million in 2022 to US$ 76.65 million by 2028. It is estimated to grow at a CAGR of 5.4% from 2022 to 2028.

Stringent Government Regulations for Controlling Dust Particles Across Industries

Government regulations are formulating policies to enhance the air quality of the industrial and commercial environment, further strengthening the demand for loading spouts across various applications. For instance, in June 2022, The US Department of Labor announced its Occupational Safety and Health Administration had published an Advance Notice of Proposed Rulemaking to revise its standards for occupational exposure to lead and other dust particles. Also, the Occupational Safety and Health Administration (OSHA) has developed grain handling standards, which address the health hazards caused due to grain dust. The OSHA had made it mandatory for manufacturers in the grain handling industry to comply with its regulations and standards to provide employees with a safe and healthy work environment. Several regulations further strengthen the need for loading spouts in the industrial sector. Thus, market players in the grain handling industries are adopting loading spouts to avoid mishaps and provide employees with a safe work environment. Also, standards and other local workplace safety regulations are mandatory for manufacturers in various other industries that help the employees to work in a dust-free environment. The uptake of health and safety standards and regulations is triggering the demand for loading spouts. Thus, stringent government regulations for controlling dust particles across industries are driving the market.

Market Overview

The US, Canada, and Mexico, which are the major economies in North America, have well-established industrial sectors, including healthcare and food manufacturing industries. Owing to continuous technological advancements, many businesses focus on integrating advanced technologies in their respective business processes. North America leads the loading spout market, and the region is anticipated to be the largest revenue contributor to the global market during the forecast period. In North America, manufacturing, mining, oil and gas, and construction are one of the biggest industries in the region. This includes all private and government public and commercial infrastructure, developments in the United States, a primary workforce generator. The governments of the US, Canada, and Mexico are investing in the development of commercial infrastructures, including airports, hospitals, hotels, office buildings, and universities. Modern-day builders emphasize advanced technologies to build an attractive infrastructure as a majority of the abovementioned facilities experience a significantly high footfall every day, which makes aesthetics and reliability highly important parameters for contractors. Canada is one of the world's largest and wealthiest economies. The construction industry, which supports the projects for building and maintenance of infrastructure in cities, towns, and communities, is the backbone of the Canadian economy. In the last decade, infrastructure and construction have seen remarkable growth in the country, with ~50 skyscrapers being completed in major cities such as Toronto, Vancouver, and Calgary. Infrastructure Canada has financed 6,500 projects to develop and maintain thousands of kilometers of expressways and motorways. Such projects fuel the growth of the loading spout market in the country as these machines are used for simplifying truck-loading operations.

North America Loading Spout Market Revenue and Forecast to 2028 (US$ Million)

North America Loading Spout Market Segmentation

The North America loading spout market is segmented based on loading system, type, end user, and country.

Based on loading system, the North America loading spout market is segmented into closed loading, open loading, and combined loading. The open loading segment held the largest market share in 2022. Based on type, the North America loading spout market is bifurcated into heavy-duty loading spout and standard duty loading spout. The standard duty loading spout segment held the larger market share in 2022. Based on end user, the North America loading spout market is segmented into mining, shipping, food and beverage, oil and gas, construction, chemical, and others. The food and beverage segment held the largest market share in 2022. The construction segment is further segmented into cement producers, terminals, and others. Based on country, the North America loading spout market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022. BEUMER Group; DCL, Inc.; HENNLICH s.r.o.; Midwest International Standard Products, Inc.; PEBCO; Polimak Grup Endüstriyel Üretim San. A.Ş.; Salina Vortex Corporation; SLY, Inc.; and WAMGROUP S.p.A. are the leading companies operating in the North America loading spout market.

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