In 2022, sales of vibrating screens are anticipated to reach US$ 1.37 billion. By 2028, the market is anticipated to grow at a healthy 7.6% CAGR and reach US$ 2.3 billion in value.
The market is expected to grow as more vibrating screens made of polyurethane materials are used in the processing of gold, iron ore, and coal. These items are thought to be perfect for both wet and dry materials because they can separate different minerals from granular or coarse stone materials.
Additionally, polyurethane screens have a high vibration-absorbance capacity, which makes them ideal for a variety of noise-reduction applications. These screens have a load-handling capacity that is roughly twice that of a rubber sieve and a two- to five-times higher efficacy than typical screens.
Sales of polyurethane screens are expected to increase as a result of their high durability in a variety of industries, including cherry-picking, the production of iron and steel, recycling, construction aggregate, and wood processing.
For the vibrating screen market, Future Market Insights estimated a comparison analysis. An increase in mining activities to meet the rising demand for rare-earth minerals and coal is expected to drive the global market.
According to an analysis by FMI, the market for vibrating screens will experience a change in BPS points in H1 2022. predicted a 24-point gain. Notably, the market is predicted to lose 21 BPS points in H1 -2022 compared to H1, 2021.
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One of the main causes of a responsible Y-O-Y increase is Due to their exceptional durability in a variety of industries, such as cherry-picking, iron and steel production, recycling, building aggregate, and wood processing, and polyurethane vibrating screens sales are anticipated to rise.
To ensure employee safety, many major players are moving away from conventional nuts and bolts and toward huck-bolted screens. Even the need for lifting equipment is eliminated by combining the sliders and front chutes. As a result, it permits fluid screen movements in addition to simple access.
U.S. Vibrating Screen Market Exhibit an Upturn
On the back of rising demand for private ownership of residential areas, the U.S. is expected to display steady growth. The North American vibrating screen market is anticipated to hold 14.1% of the market in 2022, according to FMI.
Before beginning construction, it is necessary in this country to filter unwanted materials from the cement and gravel used in residential areas. For instance, the U.S. Department of Housing and Urban Development reported that in November 2021, roughly 1,282,000 homes were finished while 1,679,000 homes were under construction nationwide.
This offers promising opportunities for the sale of vibrating screens in the United States, and this pattern is anticipated to hold throughout the assessment period.
U.K. Vibrating Screen Market Moving towards a Bright Future
The increasing availability of various industrial minerals, metals, and fossil fuels is expected to fuel the U.K. market’s rapid growth in the near future. According to FMI, the European vibrating screen market will likely hold 12.8% of the global market share in 2022.
The British Geological Survey estimates that the UK’s landmass saw mineral extraction of about 196.6 million tonnes in 2019. In addition to 8.2 million tonnes of industrial minerals, it also contained about 2.2 million tonnes of coal, 129.3 million tonnes of crushed rock, and 55 million tonnes of construction minerals.
In addition to coal mining, the nation has a sizable oil and gas reserve that will be investigated during the forecast period. The market in the UK is expected to be driven by this factor.
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Competition Landscape
Most of the key players present in the vibrating screen market are focusing on mergers and acquisitions to expand their geographic presence and gain a competitive edge. Meanwhile, some of the other players are updating their existing product portfolios and adding innovative screens to keep up with the high consumer demand and generate more sales.
For instance,
- In December 2021, Sweden-based Sandvik Rock Processing Solutions signed an agreement to acquire the shares of Kwatani, a leading provider of vibrating screens headquartered in South Africa. Under this agreement, the former will sell Kwatani’s products internationally through its sales channel.
- In September 2021, Haver & Boecker Niagara, a prominent supplier of screening, pelletizing and primary crushing systems based in Canada, upgraded its portable vibrating screen named Niagara F-Class. It now includes novel technology for longevity, simplified maintenance, and maximum performance. The polyurethane anchors of this product is easy to replace, while the open deck prevents material build-up on the bar rails.
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