According to latest research findings, Screw Conveyor market is expected to record 6%-8% CAGR from 2021 to 2031. Demand for the product will witness higher growth recovery in short-term, with optimistic growth outlook in the long-run. The increasing demand from the end use industry across the globe is the primary force to the market growth of screw conveyor. Also, technological advancement in the product by the leading manufacturers will upsurge the demand for screw conveyor and extend its opportunities in near future.
In various industries such as agriculture, food & beverage industry, construction industry the product is widely used in bulk material handling which helps in moving and distribution of the liquid and rough material. The product’s design simplicity and its low maintenance are the major factors that are gaining the attention of many end-users.
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With rising living standards, consumption of cereal, grains, and fruits is also growing which is directly affecting the increasing demand for product mixing machinery in the agricultural industry. This resulted in propelling the sales of the product and which is expected to push the global market over the near future.
Manufacturers are focusing on new product designs and technologically advanced products with exceptional characteristics such as feasible and easy handling which helps to cater to the customer’s requirement and to increase the customer base.
Horizontal Screw Conveyor Holds Major Share of the Market
According to the study, it is estimated that the horizontal installation of screw conveyors holds the major market share. The horizontal type is the most broadly used product type. Horizontal installations are available in different configurations and sizes which are used to convey bulk material from one process to another process.
Agriculture and Food & Beverages Segment to Lead the Market
As the product has exceptional characteristics which include better flexibility, ease of material handling, and energy efficiency which increases its applications in agricultural activities such as harvesting and growing, and processing of agriculture products such as corn, rice, wheat, maize, etc. This flexible characteristic of the screw conveyor is expected to propel the global market over the forecast period.
The increasing population in China and India is leading to increasing demand for food and beverages which is fueling the screw conveyor demand over the forecast period. Screw conveyors provide the advantage of minimizing the waste during the material handling and while mixing the raw materials and conveying that material to another process in the manufacturing industry.
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Key Players:
Some of the leading manufacturers and suppliers of the product include
- Vac-U-Max, Inc.
- Continental AG
- FMC Technologies
- Anders Pedersen
- Industrial Screw Conveyors, Inc
- Maskin- & Specialfabrik
- WAMGROUP
- Shanghai Zenith Company
- Conveyor Engineering and Manufacturing
- DEMECH India
- SPIRAC Engineering
- KWS Manufacturing Company Ltd.
- Martin Sprocket & Gear, Inc.
- PST AB
- Thomas and Muller Systems
- FMC Technologies
- Flexicon Corporation
- Cyclonaire.
Manufacturers are upgrading the technology of the product with outstanding features which include informal handling, energy efficiency, and better traceability.
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