The global dumping hopper market has reached a valuation of US$ 2 billion in 2022 and is expected to progress at a healthy CAGR of 6.7% to reach US$ 3.8 billion by the end of 2032.
Sales of dumping hoppers accounted for around 34% share of the global hopper market at the end of 2021.
Over the last four years, the global market for dumping hoppers registered a CAGR of 1.6%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 6.7% CAGR between 2022 and 2032.
The first dumping hopper was invented in the early 1900s and was fabricated of steel. A dumping hopper is a device that can be used to collect materials from a place and either transport them to another place or simply dump them somewhere else. They are very versatile and can handle a variety of materials, including hazardous material.
With the rise of the manufacturing, construction, and agricultural industries, the amount of waste produced has also increased drastically, due to which, the requirement for devices capable of collecting and disposing waste has skyrocketed. The number of innovations and technologies in various industries is increasing quickly, and, as a result, the integration of dumping hoppers across the material handling processes of manufacturing has increased rapidly.
With time and experimentation, various materials have been added to the list that can be used to manufacture dumping hoppers, which include stainless steel, MDPE, and other forms of plastic. With time, the use of plastic is also considered to be quite beneficial for manufacturers since plastic has several abilities that make it resistant to problems that steel would face. Owing to higher operational efficiency and robust product lifecycle, demand for dumping hoppers is set for witness a significant rise over the coming years.
Key Takeaways from Market Study
- The global dumping hopper market is projected to grow 1.9X and reach US$ 3.8 billion by 2032.
- The market registered 1.6% CAGR between 2017 and 2021.
- Under load capacity, the 4000-6000 lbs segment dominates the market with US$ 780.2 million valuation in 2022.
- Steel dumping hoppers dominated the market with 64.1% share in 2021.
- Standard hopper base is likely to represent 46.6% market share in 2022.
- Based on region, demand for dumping hoppers is expected to increase at CAGRs of 7.1% and 6.7%, respectively, in East Asia and North America.
Market participants are constantly modifying their products to cater to the dynamic demand from several end-use industries. For instance, recent developments include dumping hoppers made from stainless steel having a lid as an attachment. Alteration in the dimension to attain optimal operational efficiency is providing a competitive edge to market players.
Dumping hoppers are also being promoted as storage systems for items that are not in frequent use. Also, market players are developing integrated channels with stakeholders across the waste management industry to customize their offerings, providing products for wet and dry waste with minimum leakage.
Dumping hopper manufactures have developed partnerships for the installation of hoppers across end-use industries, thereby creating consistency in demand. Adoption of competitive pricing by tier-1 players has provided them an upper hand over others and has allowed them to capture a significant market share.
Key Companies Profiled
- Camfil Group
- Doosan Group (Bobcat)
- FabCorp Inc.(Hippo Hopper)
- Hero Equipment (Yangzhou) Co., LTD
- Iron Bull Manufacturing
- Lemcol Pty Ltd
- McCullough Industries (The Wright)
- Movex Innovations
- Padgett Inc
- Roura Material Handling, Inc.
- Rubbermaid Commercial Products