Press release
Global Screening Equipment Market Is Projected To Reach US$ 11.69 Billion by 2032, Says Fact.MR
Screening Equipment Market", which states that the global screening equipment market would stand at US$ 6.78 Bn in 2022 and witness a CAGR of 5.6% between 2022 and 2032. Fact.MR is documenting the tremendous potential screening equipment has, through independent functioning of screening tools and an influx of full-circuit system.Screening equipment is used to filter raw materials from a quarry or crusher into even finer grades, bringing them closer to a finished product, as the second step in the material handling process.
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Key Takeaways from Market Study
North America holds 25.2% of the market share.
Europe contributes for 22.7% of overall revenue.
Rise in mining activities across the globe to catalyse the screening equipment market.
Russian and Scandinavian markets to witness an increasing demand for screening equipment.
Construction vertical is expected to generate the highest demand for screening equipment.
Market Developments
The present scenario is such that there is an extensive demand for screening equipment for sorting and bulk handling.
• Telsmith, Inc., in 2019, did announce that it had gone ahead with appointment of Recycle Equipment Company and Pacific Rock as Manufacturers' representative of the product line of mining process equipment. These two companies would thus be customers in Northern Idaho, Oregon, and Washington D.C.
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"New Market Players Focusing on Reducing Manufacturing & Maintenance Costs and Improving Product Design"
Demand for screening equipment is being driven by an increase in infrastructure and construction projects, including building construction and other industrial uses. An increase in urban population with high living standards around the world is supporting this expansion.
"High Demand from Various End-use Industries in North America"
From the perspective of North America, the screening equipment market is predicted to see favourable revenue growth over the forecast period due to developments seen across end-use applications, including building infrastructure, agriculture, and mining. In 2022, North America is expected to account for 25.9% of the global market share.
In response to the mining industry's increased demand in the Scandinavian and Russian markets, the market in Europe is predicted to experience a good expansion in the screening equipment sector. Currently, Europe is likely to hold 22.7% of the global market share.
Key Segments Covered in Screening Equipment Industry Research
Screening Equipment Market by Type :
Wet Screening Equipment
Dry Screening Equipment
Screening Equipment Market by Product :
Screen Panels
Trommel Screens
Gyratory Equipment
Vibratory Equipment
Screening Equipment Market by End Use :
Oil & Gas
Construction
Industrial
Mining
Agriculture
Screening Equipment Market by Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
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More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global screening equipment market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by type (wet screening equipment and dry screening equipment), by product (screen panels, trammel screens, gyratory equipment, and vibratory equipment), by end-use (oil & gas, construction, industrial, mining, and agriculture), and by region (North America, LATAM, Europe, East Asia, South Asia & Oceania, and MEA).
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