Registering a year-on-year growth of 3.7%, the global screw conveyor market is forecast to reach USD 884.2 million by the end of 2022. Overall screw conveyor sales are slated to increase at a CAGR of 4.8% between 2022 and 2032, exceeding USD 1,416.3 million by 2032.
Rising penetration of automation across diverse industries coupled with increasing demand for advanced conveying and material handling equipment is a crucial factor providing impetus to the expansion of screw conveyor industry.
Screw conveyors, also called auger conveyors, are innovative equipment employed to transport or move bulk materials, especially liquid and granular materials, from one part of the process to another. The primary function of a screw conveyor is to push materials.
Screw conveyors are employed in many bulk handling industries to convey materials discharged from centrifuges, mixers, or filter presses. The use of a screw conveyor enables the end users to improve the production quality as well as the packaging rate by incorporating innovative and integrated technologies. They significantly reduce costs, minimize need for extra laborers, and increase overall productivity.
Rising demand for food products due to population growth and changing eating habits is expected to positively influence screw conveyor sales during the forecast period. Screw conveyors are being increasingly employed in food and beverage facilities to mix raw materials
and transport them from one point in the process to another within a sealed, dust-tight system. This equipment ensures the safe and quick movement of raw ingredients throughout the manufacturing process.
Similarly, increasing usage across pharmaceutical, agriculture, chemical, and mining & metallurgy sectors will generate demand for screw conveyors during the assessment period.
Another prominent factor that will create lucrative opportunities for screw conveyor manufacturers is the development and popularity of energy-efficient and inexpensive screw conveyors.
The current perspective in manufacturing is moving towards a circular economy. In the manufacturing process, a material handling facility consumes a significant amount of energy, which can be optimized by a screw conveyor system while also enhancing productivity. It will make the process more economical and efficient.
Lighting, heating, cooling, machine drives, and peak-time operations are key areas where energy consumption needs to be optimized. End-use industries are increasingly focusing on reducing energy costs with efficient processes.
In response to this requirement, manufacturers of screw conveyor systems are introducing energy-efficient systems that are more effective in terms of energy reduction. For instance, key manufacturers are developing screw conveyor systems with advanced properties and custom designs that can reduce energy consumption by 15 to 20%.
The ecosystem of industrial automation has emerged as a prospering domain, supplying automated machinery to almost all the end-use industries, including chemical, food and beverage, and pharmaceutical. Automation of bulk material handling systems is beginning to emerge as a global trend in the screw conveyor market.
FMI has identified Europe to hold a prominent value share in the market whereas North America & East Asia are expected to create futuristic opportunities with a considerable growth rate. North America is expected to hold around 1/4th of the value share in the global screw conveyor industry.
| Attributes | Key Insights |
|---|---|
| Screw Conveyor Market Base Value (2021A) | USD 852.6 million |
| Estimated Market Value (2022E) | USD 884.2 million |
| Projected Market Value (2032F) | USD 1,416.3 million |
| Value CAGR (2022 to 2032) | 4.8% |
| Collective Value Share: Top 3 Countries (2022E) | 38.0% |
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The global demand for screw conveyors increased at a CAGR of about 2.0% from 2017 to 2021. However, according to Future Market Insights, the overall market for screw conveyors is expected to expand at 4.8% CAGR through 2032.
Rising demand for bulk material conveying equipment from industries such as food & beverage, mining & metallurgy, pharmaceutical, agriculture, etc. is expected to drive the global screw conveyor industry swiftly during the forecast period.
Similarly, rapid industrialization, increasing mining activities across the globe, and growing demand for processed food products, construction materials, and pharmaceuticals will boost screw conveyor sales over the projection period.
Increasing demand for automated systems to enhance overall productivity across manufacturing industries is expected to act as a catalyst triggering growth in the global screw conveyor industry. Another factor that is likely to facilitate market expansion is the reduction in product prices.
Booming Agriculture and Food Sectors to Facilitate Screw Conveyor Sales through 2032
Nowadays, the agriculture industry is booming due to the growing demand for food products. The growing population and awareness about good eating habits are responsible for the shift towards healthy foods.
The rising demand for screw conveyors stems from their ability to handle this demand. Subsequently, rising consumption of grains, cereals, and fruits is supporting the need for advanced equipment such as screw conveyors to meet the needs of the growing population.
Screw conveyors are widely used in food processing facilities to convey ingredients while in agriculture they are employed for handling grains.
Key screw conveyor companies are increasingly designing novel screw conveyors that meet the sanitation standards set by regulatory organizations such as the Food and Drug Administration (FDA) and the U.S. Department of Agriculture (USDA). All these features are responsible for screw conveyors gaining a wider market share among other conveyor systems.
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Robust Growth of Pharmaceutical and Food & Beverage Sectors Boosting Sales in the USA
According to Future Market Insights, North America’s screw conveyor market is expected to progress at 4.5% CAGR between 2022 and 2032, with the USA leading from the forefront. The USA currently holds around 2/3rd share of North America market and it is predicted to expand by 1.5x through 2032 when compared to 2022.
Growth in the USA screw conveyor market is driven by rapid expansion of pharmaceutical and food & beverage industries along with increasing penetration of automation in these sectors.
In the United States of America, the breakneck growth of the food & beverages and pharmaceutical industries is creating a widespread demand for screw conveyors and the trend is expected to further escalate during the assessment period.
The food & beverage industry is an essential part of the United States of America’s economy. With rising disposable income and changing lifestyles and eating habits, there has been a dramatic increase in demand for processed food products across the USA. This has prompted food manufacturing and processing companies to employ advanced technologies such as screw conveyors in their facilities. Driven by this, screw conveyor sales will continue to shoot up across the country.
Strong Presence of Manufacturing Industries Propelling Screw Conveyor Demand in Germany
Germany is anticipated to hold about 35% value share of Europe market during the forecast period. Total screw conveyor demand in the country is expected to increase at 4.5% CAGR between 2022 and 2032, as per FMI’s latest analysis.
Germany has numerous manufacturing industries, such as food & beverage, automobile, electronics, mining & metallurgy, which require material transporting equipment like screw conveyors on a large scale for speeding up the processes and smooth functioning. Hence, expansion of these industries will ultimately generate high demand for screw conveyors, thereby making Germany a profitable market for screw conveyor manufacturing companies.
Horizontal Screw Conveyor to Remain Highly Sought-After among Manufacturers
Based on product type, the horizontal screw conveyor segment is expected to create an absolute $ opportunity of USD 208.5 million between 2022 and 2032. This is attributed to rising adoption of horizontal screw conveyors across diverse industries such as mining, agriculture, and other industries.
Horizontal screw conveyors are known for their high speed and ability to do the job continually at a very high rate. Hence, they are increasingly used in applications requiring repetitive where operations.
Horizontal screw conveyors find applications in food and beverages, manufacturing, construction and mining, agriculture, and several other industries due to their ability to convey bulk materials from one part of a process to another efficiently. They make tedious daily operations easy and help end users increase output efficiency.
Significant Screw Conveyor Sales to Remain Concentrated in Food & Beverage Sector
According to Future Market Insights, in terms of value, more than 1/4th of the global market for screw conveyors is held by food and beverages industry. This sector is expanding rapidly due to increasing demand for processed food and high population growth.
Rising adoption of automation in food and beverage industry to reduce labor costs and increase efficiency and productivity is a key factor boosting screw conveyor sales globally. Several food manufacturing and processing companies today use screw conveyors to efficiently mix and move semi-solid materials such as food waste, animal feed, meat, and cereal grains.
Growing consumption of processed food products worldwide along with increasing need for improving productivity is expected to create lucrative opportunities in the food & beverage sector. On the other hand, the mining and metallurgy segment is expected to generate an absolute $ potential of more than USD 88.9 million between 2022 and 2032.
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Leading screw conveyor manufacturers are investing significantly to expand their production capacities to increase their revenue and gain competitive edge. They are highly focused on providing solutions integrated with the internet of things specifically for process monitoring, preventive maintenance, and lights-out production capability.
Leading players are also adopting strategies such as partnerships, mergers, acquisitions, collaborations, and mergers to expand their global presence and increase revenues. For instance,
| Attributes | Details |
|---|---|
| Estimated Market Size (2022) | USD 884.2 million |
| Projected Market Size (2032) | USD 1,416.3 million |
| Anticipated Growth Rate (2022 to 2032) | 4.8% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia Pacific; and The Middle East & Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, NORDICS, RUSSIA, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, Türkiye, South Africa, Gulf Co-operation Council Countries, Northern Africa. |
| Key Segments Covered | Product Type, Rotation Capacity, End Use, and Region |
| Key Companies Profiled | Vac-U-Max, Inc.; Anders Pedersen Maskin- & Specialfabrik A/S; Industrial Screw Conveyors Inc.; Wamgroup Spa.; DEMECH India; SPIRAC Engineering Pty Ltd; KWS Manufacturing Company Ltd.; Martin Sprocket & Gear Inc.; Plåt & Spiralteknik I Torsås Ab; Flexicon Corporation; Screw Conveyor Corporation; Orthman Manufacturing Inc.; BEUMER Group GmbH & Co. KG; Vecoplan AG; Spirotech Group Ltd.; Köllemann GmbH; PRAB, Inc.; Thomas & Muller Systems Ltd; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threat Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global screw conveyor market size is expected to total USD 884.2 million in 2022.
Total screw conveyor demand is expected to rise at 4.8% during the forecast period from 2022 to 2032.
Martin Sprocket & Gear, Inc., BEUMER Group GmbH & Co. KG, Flexicon Corporation, Screw Conveyor Corporation, Vecoplan AG, KWS Manufacturing Company Ltd., and others are the key market players, collectively accounting for 10% to 15% of the global market share.
China’s screw conveyor market is expected to accelerate at 5.2% CAGR between 2022 to 2032, reaching a total valuation of USD 183.3 million by the end of 2032.
Food and beverages industry is expected to account for around 1/4th of the total market share during the forecast period.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 6. Global Market - Pricing Analysis 7. Market Background 8. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 8.1. Horizontal 8.2. Inclined 8.3. Vertical 8.4. Shafted 8.5. Shaft-less 9. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Rotation Capacity 9.1. Less than 45 RPM 9.2. 45-105 RPM 9.3. 105-165 RPM 9.4. Greater than 165 RPM 10. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 10.1. Mining and Metallurgy 10.2. Agriculture 10.3. Food and Beverage 10.4. Chemical 10.5. Pharmaceutical 10.6. Others 11. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. East Asia 11.5. South Asia and the Pacific 11.6. Middle East and Africa (Middle East & Africa) 12. North America Analysis 2017 to 2021 and Forecast 2022 to 2032 13. Latin America Analysis 2017 to 2021 and Forecast 2022 to 2032 14. Europe Analysis 2017 to 2021 and Forecast 2022 to 2032 15. East Asia Analysis 2017 to 2021 and Forecast 2022 to 2032 16. South Asia and Pacific Analysis 2017 to 2021 and Forecast 2022 to 2032 17. Middle East and Africa Analysis 2017 to 2021 and Forecast 2022 to 2032 18. Country Wise Analysis 2022 19. Market Structure Analysis 20. Competition Analysis 20.1. Vac-U-Max, Inc. 20.2. Anders Pedersen Maskin- & Specialfabrik A/S 20.3. Wamgroup Spa. 20.4. DEMECH India 20.5. SPIRAC Engineering Pty Ltd 20.6. KWS Manufacturing Company Ltd. 20.7. Martin Sprocket & Gear Inc. 20.8. Plåt & Spiralteknik I Torsås Ab 20.9. Flexicon Corporation 20.10. Corporation 20.11. Orthman Manufacturing Inc. 20.12. BEUMER Group GmbH & Co. KG 20.13. Vecoplan AG 20.14. Spirotech Group Ltd. 20.15. Köllemann GmbH 20.16. PRAB, Inc. 20.17. Kase Custom Conveyors 20.18. Thomas & Muller Systems Ltd 20.19. Conveyors, Inc. 21. Assumptions and Acronyms Used 22. Research Methodology
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Screw Conveyor Market
