Spiraling Forward: Comprehensive Exploration of Emerging Trends Fueling Growth, Coupled with Detailed Analysis and Forecast for the Screw Conveyor Market until 2032

The global screw conveyor market is anticipated to increase by 3.7% annually to reach US$ 884.2 million by the end of 2022. Between 2022 and 2032, the global sales of screw conveyors are expected to grow at a CAGR of 4.8%, surpassing US$ 1,416.3 million by that time.

The increasing demand from the end-use industry across the globe is the primary force behind the market growth of screw conveyors. Also, technological advancement in the product by the leading manufacturers will upsurge the demand for screw conveyors and extend its opportunities in the near future.

In various industries such as agriculture, food & beverage industry, and construction industry the product is widely used in bulk material handling which helps in the moving and distribution of liquid and rough material. The product's design simplicity and its low maintenance are the major factors that are gaining the attention of many end-users.

With rising living standards, the consumption of cereal, grains, and fruits is also growing which is directly affecting the increasing demand for product-mixing machinery in the agricultural industry. This resulted in propelling the sales of the product and which is expected to push the global market over the near future.

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Manufacturers are focusing on new product designs and technologically advanced products with exceptional characteristics such as feasible and easy handling which helps to cater to the customer's requirement and to increase the customer base.

Horizontal Screw Conveyor Holds Major Share of the Market

According to the study, it is estimated that the horizontal installation of screw conveyors holds the major market share. The horizontal type is the most broadly used product type. Horizontal installations are available in different configurations and sizes which are used to convey bulk material from one process to another process.

Agriculture and Food & Beverages Segment to Lead the Market

The product has exceptional characteristics which include better flexibility, ease of material handling, and energy efficiency which increases its applications in agricultural activities such as harvesting and growing, and processing of agricultural products such as corn, rice, wheat, maize, etc. This flexible characteristic of the screw conveyor is expected to propel the global market over the forecast period.

The increasing population in China and India is leading to increasing demand for food and beverages which is fueling the screw conveyor demand over the forecast period. Screw conveyors provide the advantage of minimizing waste during material handling and while mixing the raw materials and conveying that material to another process in the manufacturing industry.

Screw Conveyor Market Report Highlights:

Detailed overview of the parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

Note: Although care has been taken to maintain the highest levels of accuracy in FMI's reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Key Segments

By Installation Type:

Horizontal Installation
Inclined Installation
Vertical Installation
Flexible Installation

By End Use:

Mining and Cement Industry
Agriculture Industry
Food and Beverage Industry
Solid Waste Management Industry
Warehouse and distribution
Food & Beverages
Others

By Region:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, Italy, France, U.K, Spain, BENELUX, Russia)
South Asia (India, ASEAN, ANZ, Rest of South Asia)
East Asia (China, Japan, South Korea)
The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Rest of MEA)

Key Players:

Some of the leading manufacturers and suppliers of the product include

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
SPIRAC Engineering
KWS Manufacturing Company Ltd.
Martin Sprocket & Gear, Inc.
PST AB
Thomas and Muller Systems
FMC Technologies
Flexicon Corporation
Cyclonaire.

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Manufacturers are upgrading the technology of the product with outstanding features which include informal handling, energy efficiency, and better tractability.

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Explore This Report From Different Publications:
Screw Conveyor Market:
1) https://www.globenewswire.com/news-release/2023/02/10/2605742/0/en/Screw-Conveyor-Market-to-Exceed-US-1-416-3-Million-by-2032-amid-Rising-Applications-in-Food-and-Mining-Metallurgy-Sectors-Future-Market-Insights-Inc.html

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Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

This release was published on openPR.