Highlights of the screw conveyors market research report are:
Global screw conveyors market outlook
Technavio’s market research analyst predicts that the global screw conveyors market will grow at a moderate CAGR of more than 3% over the forecast period. Screw conveyors have extensive applications in the brewing industry for hops and grain storage and for conveying these materials. Many countries in APAC including India and China are undergoing rapid economic development which has resulted in higher disposable income of the people, resulting in the tremendous growth of the beer market in the region. With the beer market in APAC experiencing high growth, there will be an augmented demand for screw conveyors over the forecast period.
Want a bigger picture? Try a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
In this market research report, the analyst has estimated that the presence of eminent factors like the increasing demand for precision farming to bolster the growth prospects of this market until the end of the forecast period. Many countries are focusing on novel ways of increasing agricultural productivity. Therefore, methods such as precision farming help increase the yield from limited areas. Screw conveyors have many applications in precision farming including in rail car or dump truck systems, and for elevating materials to the top of storage bins. In the agricultural industry, paddle screws are used for mixing product streams, while press screws are used for removal of mechanical moisture. Therefore, the growth in precision agriculture sector is expected to drive the demand for screw conveyors until the end of 2020.
Segmentation by end-user and analysis of the screw conveyors market
- Mining and cement industry
- Agriculture industry
- Food and beverage industry
- Solid waste management industry
In this market study, the analysts have estimated the mining and cement industry segment to be the largest market for screw conveyors and is expected to account for more than 28% of the market share by the end of 2020. In the mining industry, screw conveyors are used for many purposes including conveying, blending, and mixing salt, coal, lime, and other materials. Most applications of screw conveyors in this industry require stainless steel conveyors to withstand the corrosive effect of certain salts and wet coal. Also, jacketed and hollow screws are also commonly used to cool fly ash after burning coal. The rapid development and urbanization in countries like India and China are expected to lead to an increase in demand for mined products, driving the demand for screw conveyors over the forecast period.
Geographical segmentation and analysis of the screw conveyors market
- Americas
- APAC
- EMEA
During 2015, APAC dominated the screw conveyors market and accounted for more than 40% of the market share. Significant economic development in most APAC countries has led to a demand form for screw conveyors in the mining industry. Furthermore, the rise in the number of food and beverage industry and a boom in the agriculture industry in the region is expected to have a positive impact on the demand for screw conveyors over the forecast period.
Get more value with Technavio’s subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Start your FREE 14-day trial
Competitive landscape and key vendors
The global market for screw conveyors market is highly competitive with a few leading vendors in the market. However, several regional vendors have started manufacturing customized screw conveyors, which are available at a lower price than the international vendors. The competition is expected to intensify with the introduction of products with new features and technologies.
Key vendors in this market are -
- Continental Screw Conveyor
- FMC Technologies
- KWS Manufacturing
- WAMGROUP
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global screw conveyors market?
- What are the key market trends impacting the growth of the global screw conveyors market?
- What are the challenges to market growth?
- Who are the key vendors in the global screw conveyors market?
- What are the market opportunities and threats faced by the vendors in the global screw conveyors market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global screw conveyors market?
Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch