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Highlights of the screw conveyors market research report are:
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.
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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.
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.
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.
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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 -
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-users
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
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