Future Market Insights (FMI), in its latest research, evaluates the vibrating screen market which includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the vibrating screen market and provides critical insights for the forecast period of 2019-2029. As per the research, the global vibrating screen market was valued at ~ US$ 1 Bn in 2018, and is estimated to increase at a CAGR of ~7% between the forecast period of 2019 and 2029.
Vibrating screens made of polyurethane materials are ideal for grading, dehydration and processing of coal, iron ore, gold and other minerals on account of their ability to separate most of the materials from coarse stones to granular materials, making them a perfect fit for both dry and wet materials.
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The polyurethane vibrating screens assure noise-abated operations as they have a high vibration-absorbance. They offer screening processes with an efficacy of about 2-5 times that of the usual vibrating screen and load-handling capacity of about twice that of a rubber sieve.
Further, various industries such as, wood processing, construction aggregate, recycling, and iron and steel producing, are cherry-picking polyurethane vibrating screens owing to their high durability.
However, the demands for vibrating screens is set to tumble slightly in the upcoming years due to their long life-cycle, requiring lesser maintenance, and high capital investments. Additionally, fatal accidents happening at mining sites resulting in huge number of morbidities are compelling miners to drop out from mining exploration activities, which will impede the growth of the vibrating screen market.
Upswing in mining processes to suffice the requirement for precious metals and hard rock minerals as well as in construction activities to build infrastructure assets is the messiah of pain points of the global vibrating screen market, suggests FMI. On the contrary, the growth trail will get hindered by tumbling mining operations on grounds of environmental amendments to curb carbon footprint and high attrition rate among miners due to on-site adversaries.
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By Segment:
The global vibrating screens market is segmented in detail to cover every aspect of the market.
By Product Type
- Linear Vibrating Screens
- Circular Vibrating Screens
- Elliptical Vibrating Screens
By Drive Type
- Direct Drive
- Indirect Drive
By End-Use Industry
- Construction
- Mining
- Recycling
- Others (Iron & Steel, Power, etc.)
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
- Emerging Countries
- China
- Australia
- Serbia
The global vibrating screen market is on the journey of an impressive growth over the predefined timeframe despite a slowdown in the mining vertical. Escalating demands for private ownership of residential areas in advanced economies, which require filtering of unwanted materials from gravel, cement, and others, is one of the gold mines of the progress.
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The US Census Bureau and the US Department of Housing and Urban Development announced the completion of 1, 161, 000 residential projects and commencement of 1, 220, 000 new ones for this year in June. The United Nations DESA estimated that about 66% of the global demographic will reside in urban regions by 2050, which will gear the growth of vibrating screen market globally.