Global Hopper Dryers Market Scale Was 104.99 Million Dollars In 2018
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The hopper dryer is the most efficient and economical model for drying plastic materials. It can dry, package, transport or recycle wet materials.
The global market scale of Hopper Dryers was 104.99 million dollars in 2018. It is expected to reach 110.36 million dollars by 2019 and 145.88 million dollars by 2025, with the CAGR of 4.81%. In 2018, the sales volume of Hopper Dryers is 124469 units.
The Major production regions of Hopper Dryers are China and Europe, which accounted for about 74.88% of production market share in 2018. China is the largest production region with a market share of 51.19% in 2018. For sales market, China is the largest sales region with a market share of 48.50% in 2018.
Hopper Dryers manufacturers range from large multinational corporations to small privately owned companies in this industry. The leading players are Wittmann, Shini Plastics Technologies, Motan-colortronic, Piovan Una-Dyn and Novatec, accounting for 24.81 percent revenue market share in 2018.
For price trend analysis, a key variable in the performance of Hopper Dryers producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
The market scale will keeps increasing fast in the next few years. Although sales of Hopper Dryers brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Hopper Dryers field.