Screw Conveyor Market: Future Innovation Strategies, Growth & Profit Analysis, Forecast by 2028
Screw conveyors are primarily employed for handling various materials that have relatively good flowability. Easy construction, design simplicity and maintenance are the key factors gaining the attraction of end-users towards the product.
Screw conveyor basically consists of various components which include drive unit, conveyor casting, inlet, hanging bearing, screw blade, inlet & outlet and others.
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Screw conveyor are utilized in various application which include feed mills, cereal processing plants, grain storage plants, chemical plants and foundry shops for mixing machines.
Various type of screw conveyors are available in the market for the end-use industries which include vertical screw conveyor, inclined screw conveyor, shaftless screw conveyor, horizontal screw conveyor, etc. Generally, the angle of inclination of the inclined conveyor is between 10° to 20°.
Screw conveyor machines have been set as the standard of reliability across the manufacturing sites. Further, they have various functions which include materials that can be moved forward along the axis of container by the push of screw machine.
Global Screw Conveyor Market: Dynamics
Rising demand for the products mixing machine from the agricultural industry, supported by escalating the consumption of products such as grains etc.
Thus, in turn pushing the sales of the screw conveyors and thus in turn is expected to drive the global screw conveyor market over the near future. Further, screw conveyor have various exceptional characteristics which include easy handling, better flexibility and energy efficiency.
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Thus, manufacturers are utilizing the product for harvesting, growing and processing of agriculture products such as rice, wheat, corn, etc.
Fluctuations in the raw material prices is one of the key challenge identified in the market for the manufacturers across the globe.
Manufacturers of screw conveyor are focusing on technological advancements and product development in order to cater to the wide customer base.
Further, governmental incentives and subsidies for the animal feed milling in the pharmaceutical industry is one of the key factors forcing the manufacturers to employ new technologies. The aforementioned factors are expected to be the key trends identified in the market over the immediate future.
Global Screw Conveyor Market: Segmentation
The global screw conveyor market can be segmented on the basis of product type, application and rotational capacity
Based on the product type, global screw conveyor market is segmented as below
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Horizontal screw conveyor
Shaftless screw conveyor
Inclined screw conveyor
Vertical screw conveyor
Based on the end-use industry, the global screw conveyor market is segmented as below:
Metals and Mining
Food and beverage
On the basis of capacity of rotation, the global screw conveyor market segmented as mentioned below list:
95- 120 RPM
Global Screw Conveyor Market: Regional Outlook
Growing consumption of the agricultural products such as grains, cereals etc. across the globe supported by surging population is pushing the demand for the screw conveyor. Asia-Pacific, spearheaded by China and India is expected to account for a significant share in the market.
Further, the demand for the screw conveyor in the region is expected to grow at a significant rate in the near future. Europe and North America in the global market are anticipated to expand at moderate rate over the forecast period, owing to the modest growth of the end-use industries. Middle East and Africa, led by GCC countries is projected to grow at a very slow rate over the near future.
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Global Screw Conveyor Market: Key Players
Examples of some of the market participants in the global screw conveyor market are as listed below:
Conveyor Engineering & Manufacturing
Continental screw conveyor
KWS Manufacturing Company, Ltd.
Kase Custom Conveyors
Screw Conveyor Corporation
SPIRAC Engineering AB
Astro Engineering & Manufacturing
Industrial Screw Conveyor
Shanghai Zenith Company
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