According to Future Market Insights, global sales of screw conveyors are expected to reach approximately USD 884.2 million in 2022. The overall market size is projected to grow at a CAGR of 4.8% from 2022 to 2032, surpassing USD 1,416.3 million by the end of the forecast period.
The expansion of the global screw conveyor market is primarily attributed to the increasing adoption of these conveyors across various sectors, including food and beverage, pharmaceuticals, and mining and metallurgy. Screw conveyors facilitate the transport of bulk materials from one operational stage to another, significantly enhancing overall productivity across industries.
In the food and beverage processing sectors, screw conveyors are commonly utilized for mixing raw materials and transferring substances between workstations. Industries that rely heavily on powdered ingredients require automated conveying systems to ensure safe handling during manufacturing.
Companies involved in processing food powders, raw materials, ready-to-eat foods, beverages, and dairy products frequently employ screw conveyors. Therefore, the rising demand for these products is expected to drive the demand for screw conveyors in the coming years.
Furthermore, increasing mining and agricultural activities, the rapid growth of the pharmaceutical sector, and the rising export of conveying systems are anticipated to bolster the global screw conveyor market throughout the forecast period.
In the pharmaceutical industry, screw conveyors are essential for processing excipients used in capsule and tablet formulations, which presents lucrative opportunities for manufacturers in this segment.
Key Takeaways from Screw Conveyor Market Report:
- During the forecast period (2022 to 2032), the screw conveyor market will expand at a CAGR of 4.8%.
- By product type, horizontal screw conveyor is estimated to account for over 44% of the global market in 2022.
- Based on end use, the food and beverages segment will dominate the market, creating an incremental opportunity of about USD 103.8 Million between 2022 and 2032.
- Amid high penetration of automation, North America’s screw conveyor market is expected to expand at a CAGR of 4.5% during the assessment period.
- Screw conveyor demand in China is poised to increase at a CAGR of 5.2% from 2022 to 2032.
- Germany is anticipated to hold around 35% of the market value share in the European market over the forecast period.
Key Companies Profiled
- 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
Global Screw Conveyor Industry by Category
By Product Type:
- Horizontal Screw Conveyor
- Inclined Screw Conveyor
- Vertical Screw Conveyor
- Shafted Screw Conveyor
- Shaft-less Screw Conveyor
By Rotation Capacity:
- Less than 45 RPM
- 45-105 RPM
- 105-165 RPM
- Greater than 165 RPM
By End Use:
- Mining and Metallurgy
- Agriculture
- Food and Beverage
- Chemical
- Pharmaceutical
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/screw-conveyors-market
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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