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The industrial mixers market is estimated to increase by USD 892.09 million between 2022 and 2027. The size of the market is forecast to grow at a CAGR of 5.72%. The growth of the market depends on several factors, including growing demand for sanitary applications, growing demand for ultra-high-shear mixers, and custom-designed products gaining prominence.
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The growing demand for sanitary applications is notably driving the market growth, although factors such as fluctuation in raw material prices may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Driver
The growing demand for sanitary applications is notably driving market growth. Industries such as F&B and pharmaceuticals are required to maintain high levels of sanitization and hygiene. As these products are an integral part of the manufacturing process, they need to be free of contaminants to maintain the required sanitation level. Hence, companies are offering mixers that can be used for high sanitation levels.
Moreover, the implementation of stringent regulations in the F&B and healthcare industries is increasing the adoption of sanitary variants. The regulations are driving the market growth in terms of new and replacement demand. Furthermore, the rising focus on food safety and drug standards and the increasing awareness of consumers on food safety are also bolstering market growth. In addition to this, many regional and international governing bodies extensively regulate the F&B and healthcare industries. For example, In the US, government regulations such as the FSMA are influencing the aftermarket demand for quality sanitary mixers. This will prompt end-users to adopt stringent sanitary practices in the production process, which will propel the demand for these products for sanitary applications during the forecast period.
Significant Market Trend
Renting market gaining prominence is an emerging trend in the market. Renting or leasing a mixer allows end-users to place a new mixing strategy for their processes or helps them increase their capacity without the need to invest in new products. For example, if a manufacturer wants to optimize his process line by renting a mixer, the manufacturer can try new ideas for process improvement. If the idea is successful, the manufacturer can procure instead of renting. If the idea is unsuccessful, the manufacturer can try a new one or come back to the original one by sending back the rented mixer.
Furthermore, end-users can also rent or lease to access new technologies without replacing the older systems. By renting the mixer with new technology, the manufacturer can use the new technology and analyze if the upgrade is worth the investment. The renting market is more prominent among Tier II and Tier III companies. For these companies to compete with prominent companies, renting provides an opportunity to maintain a tie-up with end-users. These companies also offer flexible renting periods, ranging from a week or a month to a year. As more end-users become aware of the advantages of renting, their demand will increase, which, in turn, will provide new opportunities for companies and boost market growth during the forecast period.
Major Challenge
Fluctuations in raw material prices are major challenges impeding market growth. The cost of raw materials is a deciding factor in the selling price of a mixer and plays a key role in the profit margin of companies. Among the raw materials, steel is chiefly used in the construction of mixers, besides the use of raw materials such as copper, stainless steel, cast iron, aluminum, brass, and bronze. This implies that any change in the prices of these raw materials prices will affect the pricing.
Furthermore, in mixing applications, specialized materials are required to prevent corrosion formation and the growth of contaminants. For instance, steel is one of the most used raw materials to manufacture mixers for sanitary applications. A stainless-steel mixer offers a high level of durability and versatility. As these stainless-steel products are designed for easily cleanable surfaces, they are often designed for use in sterile environments. Thus, fluctuation in raw material prices will hamper the growth of the global market during the forecast period.
Key Market Customer Landscape
The report includes the market's adoption lifecycle, covering the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ACUMIX Inc. - The company focuses on manufacturing mixers such as bung-mounted mixers, economy gear-driven portable mixers, and top-entering mixers. The key offerings of the company include industrial mixers.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the top-mounted segment will be significant during the forecast period. Top-mounted variants hold the largest market share in 2022 and are expected to hold dominance due to rising demand from the chemicals, food, and beverage industries, which, in turn, will foster the growth of the global market during the forecast period.
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The top-mounted segment was valued at USD 1,316.55 million in 2017 and continued to grow until 2021. Top-mounted variants or vertical stirrers are developed and built in line with the process conditions, using the most appropriate mobile (axial turbine, radial turbine, helical profile impeller) for each application. Vertical agitators are pieces of equipment with a shaft whose end side is towards the bottom of the tank, and they play an important role in many industrial processes, such as mixing, dispersing homogenization, and suspension. The shaft can be constructed in multiple portions depending on the dimensions and size of the tank to enable manipulation, manufacturing, and mounting.
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APAC is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC represents some of the rapidly growing economies, such as India. Economic growth in these countries is driving the demand for chemicals in the region. This will contribute to the major market growth in the region. Additionally, another significant factor for regional market growth is the rapid expansion of the F&B industry. This is because the region is home to a few of the most populated countries, resulting in high demand for food.
In addition, government awareness regarding food quality will also propel the demand for sanitary variants. The government has imposed strict laws on the dairy industry and shut down unqualified dairy operations, encouraged consolidation, and increased policy support for improving milk quality. Furthermore, the increasing spending on beauty products and growing private investments in the healthcare industry will drive the demand for mixers in the pharmaceutical and cosmetic industries in APAC.
APAC is home to the five most populated countries in the world. The ever-increasing population growth is pressuring the demand for water. To reduce this burden, the government in several countries are undertaking new wastewater treatment projects. For instance, in 2019, the Delhi Jal Board approved the construction of a new sewage treatment plant at Okhla, which will become the biggest sewage treatment plant in India. This plant will treat 124 million gallons of wastewater per day, and the total cost of the plant will be USD165 million. This will also increase the demand for mixers and contribute to the regional market growth during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is experiencing significant growth driven by manufacturing enterprises' increasing adoption of energy-efficient devices like propellers and turbines. These devices optimize flow maximization and equipment adaptability while offering cost-effective solutions. Design technology advancements, coupled with government backing, particularly benefit small and medium-sized firms. Automation reduces mistake rates, with programmable logic controller-based mixers leading the innovation. Key trends include vertical and horizontal mixers catering to the food & beverage sector, including packaged foods, dairy products, and ready-to-eat goods. LeviMag magnetic mixers revolutionize aseptic processing in food, beverage, and dairy applications, enhancing efficiency in material mixing. With product launches focusing on innovative solutions like jacketed and vacuum mixers, the market thrives across various industries including mechanical and water & wastewater sectors.
Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.72% |
Market growth 2023-2027 |
USD 892.09 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.08 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 50% |
Key countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ACUMIX Inc., Admix Inc., Alfa Laval Corporate AB, amixon GmbH, Ebara Corp., EKATO HOLDING GmbH, GEA Group AG, Heilig Mixing Technology B.V., ILC Dover LP, JWB Systems Inc., Kady International, Lindor Products BV, NOV Inc., Paul O. Abbe, Satake Technologies Sdn Bhd, Silverson Machines Inc., SPX FLOW Inc., Statiflo Group, Sulzer Management Ltd., and Xylem Inc. |
Market dynamics |
Parent market analysis, market research report, market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
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