The global vibrating screen market is currently experiencing an extraordinary surge in growth, with an anticipated milestone of over US$ 1.37 billion in sales for 2022. This, however, is merely the inception of a remarkable upward trajectory as the market is poised to continue its expansion, maintaining a robust compound annual growth rate (CAGR) of 7.6%. By the year 2029, it is foreseen to attain a formidable size of US$ 2.3 billion.
This impressive market growth is propelled by various factors, with a prominent one being the increasing adoption of vibrating screens constructed from polyurethane materials. These screens have garnered acclaim, particularly in the context of gold, iron ore, and coal processing activities. Their efficiency in effectively separating diverse minerals from granular materials and coarse stones has made them invaluable assets in both wet and dry material processing.
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The increased use of vibrating screens made of polyurethane materials in gold, iron ore, and coal processing activities is expected to drive market growth. These products can separate various minerals from granular materials or coarse stones, making them suitable for both wet and dry materials.
Polyurethane screen sales are expected to increase due to their high durability in a variety of industries, including cherry-picking, iron and steel production, recycling, construction aggregate, and wood processing.
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.
Demand for Circular Vibrating Screens in Mining Industry to See an Upturn:
Circular vibrating screens are inundating more than half of the market revenues, as per FMI’s study. The mining industry, including coal mines, and quarrying sites, is leveraging circular vibrating screens owing to their ability to classify materials with large specific gravity, large particles and great rigidity. The exciter of circular vibrating screens is mounted above the center of gravity of the screen box and the upper tip of elliptical long axis of the feeding end is positioned towards the leakage direction, which results in higher processing capacity per unit time than that of its linear counterpart.
On the flip side, the complexity of shakers and fast-rate rotation of the two shafts in linear vibrating screens imply high fueling demands. Further, the FMI’s study finds that linear vibrating screens are chiefly utilized for classification of fine particles, light weight, and low stiffness materials, making them suitable for industries such as, building materials, chemical, and pharmaceutical.
Manufacturers showing Stauncher Inclination toward Direct Drive System:
As per the FMI’ report, adoption of direct drive system in vibrating screen accounts for more than 50% of the market revenues owing to the absence of gearboxes and belts in the design, which results in lesser wear and tear between the components. The direct drive system is cost-efficient as the moving parts in the operation and framework are less complicated. For noise abatement, the direct drive system comes up with simple arrangement and lesser moving components which may vibrate during mechanism.
Key Players Profiled:
- Terex Corporation
- Haulotte Group
- Oshkosh Corporation
- Linamar Corporation
- Tadano Ltd
- Aichi Corporation
- MEC Aerial Work Platforms
- Palfinger AG
- Hunan Sinoboom Heavy Industries Co. Ltd.
- Zheijiang Dingli Machinery Co. Ltd.
- Manitou Group
- Mantall Heavy Industry Co. Ltd.
- Nobleleift Intelligent Equipment Co. Ltd.
- IMER International SpA
- J C Bamford Excavators Limited
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Market Segments Covered:
Product Type:
- Linear Vibrating Screens
- Circular Vibrating Screens
- Elliptical Vibrating Screens
Drive Type:
- Direct Drive
- Indirect Drive
End-use Industry:
- Construction
- Mining
- Recycling
- Others (Iron & Steel, Power, etc.)
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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