Tuesday, 04 April 2023 04:33 AM
Company Update
WILMINGTON, ED / ACCESSWIRE / April 4, 2023 / Transparency Market Research Inc. - According to TMR, the screw conveyor industry in north america was valued at US$ 234.6 Mn in 2021. It is projected to expand at a CAGR of 3.0% and reach US$ 313.8 Mn by the end of 2031.
Bulk materials are transported from one phase of a process to another using screw conveyors. These are used as distributors, feeders, collectors, and mixers. The device has the form of a standard screw, with bearings at both ends holding the auger in place. The straightforward design of a screw conveyor makes it perfect for transporting grain, powder, granules, and flakes. Screw conveyors are used in the mining industry to extract metals and minerals. Furthermore, burgeoning demand for medicines is expected to drive sales of screw conveyors during the forecast period from 2021 to 2031.
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Screw Conveyor Market: Growth Drivers
- Screw conveyors are used in the agriculture industry to harvest, cultivate, and process wheat, rice, corn, and other grains. Expansion of agricultural operations in North America has escalated screw conveyor market demand. Rise in population has led to a spurt in food consumption, which is driving the screw conveyor market in the region.
- Several bulk commodities that must be delivered and distributed to various areas are transported utilizing screw conveyors. Screw feeders and screw conveyors are employed as dispensing devices in the materials management process. These machines are also used to minimize waste in material handling operations. These factors are expected to augment screw conveyor market expansion throughout the forecast period.
Key Findings of Screw Conveyor Market
- Horizontal, inclined, shaftless, vertical, and flexible are the most common types of screw conveyors utilized in end-use sectors. Demand for horizontal screw conveyors is projected to increase during the forecast period. These conveyors are available in several sizes, capacities, and combinations. These are also used to transport bulk materials between stages of a process. The architecture of these screw conveyors allows these to carry bulk commodities through loading, which is projected to bolster market progress.
- Screw conveyors are commonly used for mixing raw ingredients in the food & beverage industry. These are utilized to transport supplies from one workstation to another. Food & beverage firms deal with a substantial volume of powder components. Increase in demand for automated conveying systems to transfer these components rapidly and safely throughout the production process is expected to drive the expansion of the screw conveyor market in the next few years.
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Screw Conveyor Market: Regional Dynamics
- The market in North America is expected to witness robust growth during the forecast period. Demand for screw conveyors in countries in the region, such as the U.S., is estimated to increase substantially. Strategic presence of major companies and technological improvements are projected to drive market development in the U.S.
- Expansion of the building and food & beverage industries is improving market statistics in the U.S.
Screw Conveyor Market: Competitive Analysis
Key players in the market for screw conveyors North America are focusing on research & development to provide industry-specific solutions. Companies operating in the region are engaging in technological development, geographical expansion, capacity expansion, and strategic alliances.
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Leading market participants are
- Conveyor Engineering and Manufacturing
- Thomas & Muller Systems Ltd.
- Astro Engineering & Manufacturing, Inc.
- Mega-Tech Engineering Ltd.
- Spiroflow Systems
- Flexicon Corporation,
- VAC-U-MAX
- WAMGROUP S.p.A.
- Jurado Srls, KWS Manufacturing Company Ltd.
Screw Conveyor Market: Segmentation
Type
- Horizontal
- Inclined
- Shaftless
- Vertical
- Flexible
Capacity
- Less than 45 RPM
- 45 - 105 RPM
- 106 - 165 RPM
- More than 165 RPM
End-use
- Metals & Mining
- Agriculture
- Food & Beverage
- Chemical
- Others (waste management, construction, etc.)
Countries
- U.S.
- Canada
- Rest of North America
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