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The 2,000- 4000 lbs segment accounted for over 25% market share in 2022, due to its versatility and suitability in a wide range of applications. These smaller hoppers are being increasingly favored by businesses dealing with lighter materials such as recyclables, small-scale construction debris, or agricultural products. Their compact size and manageable capacity make them cost-effective and practical for use in various industries, contributing to their rising popularity & demand in this market.
The 90 degrees segment captured around 55% dumping hopper market share in 2022. This specific angle allows for efficient & complete material discharge, thereby reducing waste and enhancing productivity. Industries, such as agriculture, construction, and waste management, prefer hoppers with this angle for precise & controlled unloading operations. Moreover, the 90-degree dumping angle accommodates tight spaces, making it ideal for use in constrained work environments. As industries increasingly prioritize material handling efficiency and space optimization, the demand for dumping hoppers with this specific angle is expected to substantially increase in the market.
North America held over 20% of the dumping hopper market revenue share in 2022 and will witness robust growth. Rapid urbanization, infrastructure development, and increasing industrialization are driving the demand for efficient-material handling solutions. Governments are heavily investing in construction and manufacturing projects, fueling the need for dumping hoppers. Canada is also a significant market player with infrastructure projects including Smart Cities. Additionally, the recycling and waste management sectors are expanding rapidly, which in turn, are boosting the demand for dumping hoppers.