This market research report includes a detailed segmentation of the global screw conveyor market by product (mining and cement industry, agriculture industry, food and beverage industry and solid waste management industry). It outlines the market shares for key regions such as APAC, the Americas, and EMEA. The key vendors analyzed in this report are FMC Technologies, KWS Manufacturing, WAMGROUP, Conveyor Engineering and Manufacturing, and Continental Screw Conveyor.
Technavio’s market research analysts estimate the global screw conveyor market, to grow at a CAGR of more than 3% between 2016 and 2020. Screw conveyors have a wide range of applications in end-user industries, such as cement, food and beverage, mining, and wastewater. Investments in these sectors over the next four years will boost the growth of screw conveyors market. APAC dominates the global market for screw conveyors, accounting for 39% of the total market share. Much of this region’s growth comes from the extensive usage of screw conveyors in F&B, mining and agriculture industries.
The new market research report from Technavio provides a breakdown and analysis of the screw conveyor segments by technology.
“Of late, the market is witnessing increased demand from precision farming, where the screw conveyors are used in many applications, including rail car or dump truck systems, and for elevating materials to the top of storage bins. In the agricultural industry, paddle screws are used for mixing product streams while press screws are used for removal of mechanical moisture. Growing requirement from developed nations will increase the sales of screw conveyors during the forecast period,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research
In the mining and cement industry, screw conveyors are used for conveying, feeding, blending, and mixing salt, coal, lime, and other materials. Most applications of screw conveyors in the mining and cement industry require stainless steel conveyors to handle the corrosive salts and wet coal. Jacketed and hollow screws are widely used to cool fly ash after the coal is burned. The global screw conveyors market in the mining industry will continue to dominate during the forecast period, accounting for a market share of 30%.
The leading vendors in the global screw conveyor market include FMC Technologies, KWS Manufacturing, WAMGROUP, Conveyor Engineering and Manufacturing, and Continental Screw Conveyor. Tough competition exists among the key players in this market. However, local players are also giving stiff competition to the top suppliers by manufacturing customized screw conveyors, which are available at a lower price than their international counterparts. Competition in the market is expected to intensify with the introduction of products with new features and technologies.
A more detailed analysis is available in the Technavio report, Global Screw Conveyor Market 2016-2020.
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