The screw conveyor is a type of a conveyor which are widely used to convey the material at a controlled and steady rate with the help of a rotating helical screw blade inside a round tube or a U shaped trough. Screw conveyors are generally made out of stainless steel or carbon steel depending upon the operation. Nowadays, plastic screw conveyors are also in use, as all-plastic material does not corrode. Different types of screw conveyors are available in the market including horizontal screw conveyors, shaftless screw conveyors, inclined screw conveyors, and vertical screw conveyors. Among these, horizontal screw conveyors are the most widely used type of screw conveyors. Screw conveyors are used by various end-use industries including mining, chemicals, food processing, agricultural, solid waste management, etc.
Screw Conveyors Market: Market Dynamics
Ever growing end-use industry such as agricultural, food processing, etc., both in developed and emerging economies is anticipated to act as a prime factor driving the growth of the screw conveyors market over the forecast period. Moreover, increasing adoption of automated production lines across various industries will also give traction to the growth of the screw conveyors market in the coming decades. Furthermore, screw conveyors are ideal for dry to semi-fluid materials and are cost-effective as compared to other conveying devices. This is also expected to upsurge the demand of screw conveyors over the forecast period. That apart, government initiatives to encourage local food production can create significant opportunities for the screw conveyors manufacturers.
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The prices of raw materials for screw conveyors are highly volatile. This is anticipated to act as a major factor hampering the growth of screw conveyors market over the forecast period. Moreover, increasing maintenance and services cost is also expected to restrain the growth of the screw conveyors market in the near future.
A major trend anticipated five years down the line includes OEMs (original equipment manufacturer) of screw conveyors are focused on expanding their consumer base by partnering with the local distributors. Moreover, increased demand from precision farming also acts as a trend in the screw conveyors market.
Screw Conveyors Market: Segmentation
The global screw conveyors market can be segmented on the basis of type, screw type, and application.
On the basis of type, the global screw conveyors market can be segmented as:
Horizontal Screw Conveyors
Inclined Screw Conveyors
Shaftless Screw Conveyors
Vertical Screw Conveyors
Flexible Screw Conveyors
On the basis of screw type, the global screw conveyors market can be segmented as:
Helicoid Conveyor Screws
Sectional Conveyor Screws
Paddle Conveyor Screws
Cut and Cut & Folded Flights
On the basis of application, the global screw conveyors market can be segmented as:
Solid Waste Management Industry
Food & Beverages
Screw Conveyors Market: Regional Outlook
The global screw conveyors market is directly reliant on the demand from end-use industry across geographies. Over the forecast period, there has been a noteworthy growth in demand for the screw conveyors, especially in the Asia Pacific. The Asia Pacific is anticipated to account considerable share of the global screw conveyors market owing to significant economic development in the emerging economies such as China and India. Europe is expected to grow at a substantial CAGR during the forecast period, owing to a surge in the demand for screw conveyors from agricultural & food processing industries. France is expected to hold dominate share concerning cereals production. The market in Latin America is projected to grow at a significant CAGR over the forecast period.
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Screw Conveyors Market: Market Participants
Examples of some of the key players identified across the value chain of global screw conveyors market are:
Anders Pedersen, Maskin- & Specialfabrik
Conveyor Engineering and Manufacturing,
Industrial Screw Conveyors, Inc.
KWS Manufacturing Company Ltd.