Global Screw Conveyor Market Overview:
The Screw Conveyor Market Size was estimated at 2.45 (USD Billion) in 2022. The Screw Conveyor Market Industry is expected to grow from 2.54(USD Billion) in 2023 to 3.5 (USD Billion) by 2032. The Screw Conveyor Market CAGR (growth rate) is expected to be around 3.64% during the forecast period (2024 - 2032).
Key Screw Conveyor Market Trends Highlighted
Key market drivers in the screw conveyor market include increasing demand from industries such as food and beverage, pharmaceuticals, and construction. The need for efficient and cost-effective material handling systems is driving the demand for screw conveyors. Additionally, government regulations on minimizing workplace accidents and improving productivity are contributing to the market growth.Opportunities for market expansion lie in the exploration of advanced materials and technologies to enhance screw conveyor efficiency and durability. The growing adoption of automation and digitalization in industries presents opportunities for the integration of smart screw conveyors into material handling systems. Furthermore, the rising demand for sustainable solutions is opening avenues for the development of energy-efficient and eco-friendly screw conveyor systems.Recent trends in the screw conveyor market include the integration of sensors and IoT devices to enable remote monitoring and predictive maintenance. The development of modular and customizable screw conveyors allows for greater flexibility and adaptability to specific industry needs. Additionally, the increasing focus on ergonomic designs is driving advancements in reducing noise and dust emissions, improving workplace safety and comfort.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Screw Conveyor Market Drivers
Increasing Demand for Screw Conveyors in the Food and Beverage Industry
The food and beverage industry is a major end-use sector for screw conveyors. Screw conveyors are used to transport a variety of food and beverage products, including dry powders, liquids, and solids. The growing demand for processed and packaged foods, coupled with the increasing popularity of online grocery shopping, is driving up the demand for screw conveyors in the food and beverage industry. Screw conveyors are also used in the pharmaceutical, chemical, and plastics industries to transport a variety of materials.The growing demand for these products is also contributing to the growth of the screw conveyor market.Screw conveyors offer a number of advantages over other types of conveyors, including their ability to handle a wide range of materials, their low maintenance requirements, and their relatively low cost. Screw conveyors are also energy-efficient and can be used in a variety of applications.The Global Screw Conveyor Market Industry is expected to grow from USD 2.54 Billion in 2023 to USD 3.5 Billion by 2032, at a CAGR of 3.64% during the forecast period.The growth of the market is attributed to the increasing demand for screw conveyors in the food and beverage, pharmaceutical, chemical, and plastics industries.
Rising Demand for Automated Material Handling Systems
Another important driver of the screw conveyor market is the increasing demand for automated material handling systems. Since screw conveyors can be used as part of such systems, the growing popularity of such systems drives the demand for this type of conveyors. Automated storage and retrieval systems are becoming very popular in various industries, including but not limited to automotive, food and beverage, and pharmaceutical Helmy and Taha 2011).AS/RS consist of storage aisles, storage, retrieval, and racking systems, and automated delivery systems. While the most common use of a screw conveyor as part of an AS/RS is to facilitate the transfer of materials from the system to other parts of the warehouse, the transport layer of an AS/RS is also likely to require such system. Consequently, the creation and expansion of AS/RS drive the demand for screw conveyors.
Government Regulations on Workplace Safety
Government regulations on workplace safety are also driving up the demand for screw conveyors. Screw conveyors are a safe and efficient way to transport materials, and they can help to reduce the risk of accidents in the workplace. Screw conveyors are also relatively easy to install and maintain, making them a cost-effective option for businesses.
Screw Conveyor Market Segment Insights:
Screw Conveyor Market Type Insights
The Global Screw Conveyor Market segmentation by type comprises horizontal screw conveyors, vertical screw conveyors, inclined screw conveyors, spiro screw conveyors, and flexible screw conveyors. Horizontal screw conveyors dominate the market with over 50% share due to their ability to convey material horizontally over long distances. They are commonly used in food processing, chemical, and pharmaceutical industries. Vertical screw conveyors are gaining popularity in space-constrained applications, such as elevating material vertically in grain handling and mining operations.Inclined screw conveyors offer a middle ground between horizontal and vertical conveyors, allowing for conveying material at an angle. Spiro screw conveyors are a specialized type of screw conveyor designed for gentle handling of delicate materials, such as food products and pharmaceuticals. They feature a helical screw with a spiral shape that minimizes damage to the conveyed material. Flexible screw conveyors are portable and easy to install, making them suitable for temporary or mobile applications. They are commonly used in agriculture, construction, and mining industries.The market growth for screw conveyors is driven by increasing demand from various industries, including food processing, chemical, pharmaceutical, mining, and agriculture. The growing need for efficient and reliable material handling solutions, coupled with technological advancements in screw conveyor design, is expected to drive market expansion in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Screw Conveyor Market Material Insights
The Global Screw Conveyor Market is segmented by Material into Carbon Steel, Stainless Steel, Aluminum, Plastics, and Specialized Alloys. Carbon steel is the most commonly used material for screw conveyors due to its low cost and high strength. Stainless steel is used for applications where corrosion resistance is required, such as in the food and beverage industry. Aluminum is used for lightweight applications, such as in aerospace. Plastics are used for applications where low friction is required, such as in the pharmaceutical industry. Specialized alloys are used for applications where high wear resistance is required, such as in the mining industry.The Global Screw Conveyor Market revenue for Carbon Steel is expected to reach USD 1.2 billion by 2024, growing at a CAGR of 3.5%. The Stainless Steel segment is expected to reach USD 0.8 billion by 2024, growing at a CAGR of 4.0%. The Aluminum segment is expected to reach USD 0.3 billion by 2024, growing at a CAGR of 5.0%. The Plastics segment is expected to reach USD 0.2 billion by 2024, growing at a CAGR of 4.5%. The Specialized Alloys segment is expected to reach USD 0.1 billion by 2024, growing at a CAGR of 4.0%.
Screw Conveyor Market Capacity Insights
The Global Screw Conveyor Market is segmented by capacity into low, medium, and high capacity. Low capacity screw conveyors are designed to handle up to 100 tons of material per hour. Medium capacity screw conveyors can handle between 100 and 500 tons per hour. High capacity screw conveyors are designed to handle over 500 tons of material per hour. The market for low capacity screw conveyors is expected to grow at a CAGR of 3.5% from 2023 to 2032, reaching a value of USD 1.2 billion by 2032. The market for medium capacity screw conveyors is expected to grow at a CAGR of 4.5% from 2023 to 2032, reaching a value of USD 1.5 billion by 2032.The market for high capacity screw conveyors is expected to grow at a CAGR of 5.5% from 2023 to 2032, reaching a value of USD 1.8 billion by 2032. The growth of the screw conveyor market is being driven by the increasing demand for these conveyors in various industries, such as food and beverage, mining, and construction. Screw conveyors are also being used in a variety of applications, such as conveying, elevating, and mixing. The increasing demand for these conveyors is expected to continue in the coming years, as they offer a number of advantages over other types of conveyors, such as their ability to handle a wide range of materials and their low maintenance requirements.
Screw Conveyor Market Application Insights
The Application segment of the Global Screw Conveyor Market holds significant importance, influencing the market's overall growth trajectory. Food Processing leads the segment, accounting for a substantial share of the Global Screw Conveyor Market revenue in 2023. The segment's growth is driven by the increasing demand for efficient and hygienic screw conveyors in food processing facilities worldwide. Mining Construction follows closely, with screw conveyors playing a crucial role in transporting bulk materials in mining operations and construction sites.Chemical Pharmaceutical, Agriculture, and Manufacturing are other notable application segments, contributing to the market's expansion. The rising adoption of screw conveyors for handling powders, granules, and other materials in these industries is fueling the segment's growth. The Global Screw Conveyor Market is expected to witness steady growth in the coming years, driven by the increasing demand for efficient and reliable screw conveyors across various industries.
Screw Conveyor Market Regional Insights
The regional segmentation of the Global Screw Conveyor Market provides insights into the performance of the market in different geographic regions. North America is expected to hold a significant market share in the global Screw Conveyor Market, driven by the increasing demand for screw conveyors in various industries such as food processing, pharmaceuticals, and chemicals. Europe is another key market for screw conveyors, with a growing demand from the automotive and manufacturing industries. The APAC region is expected to witness the fastest growth in the screw conveyor market due to the rapid industrialization and infrastructure development in countries such as China, India, and Japan.South America and MEA are also expected to contribute to the growth of the global screw conveyor market, albeit at a slower pace.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Screw Conveyor Market Key Players And Competitive Insights:
Major players in Screw Conveyor Market industry are focusing on expanding their product portfolio and geographical reach to cater to the growing demand for screw conveyors. Leading Screw Conveyor Market players are also investing in research and development to improve the efficiency and performance of their products. The Screw Conveyor Market Competitive Landscape is characterized by the presence of a few large players and numerous small and medium-sized players. Key players in the Screw Conveyor Market include companies such as, SKF, Sumitomo, and Rexnord. These companies offer a wide range of screw conveyors to meet the diverse needs of their customers.A leading player in the Screw Conveyor Market is SKF. The company offers a wide range of screw conveyors, including horizontal screw conveyors, vertical screw conveyors, and inclined screw conveyors. SKF screw conveyors are used in a variety of industries, including food processing, chemical processing, and mining. The company has a strong global presence, with manufacturing facilities in Europe, Asia, and the Americas. SKF is committed to providing high-quality screw conveyors that meet the needs of its customers. The company's screw conveyors are known for their durability, efficiency, and reliability.A competitor in the Screw Conveyor Market is Sumitomo. The company offers a wide range of screw conveyors, including horizontal screw conveyors, vertical screw conveyors, and inclined screw conveyors. Sumitomo screw conveyors are used in a variety of industries, including food processing, chemical processing, and mining. The company has a strong global presence, with manufacturing facilities in Europe, Asia, and the Americas. Sumitomo is committed to providing high-quality screw conveyors that meet the needs of its customers. The company's screw conveyors are known for their durability, efficiency, and reliability.
Key Companies in the Screw Conveyor Market Include:
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Buhler AG
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Fives Group
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Vibra Screw, Inc.
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Screw Conveyor Corporation
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Dynamic Conveyor Corporation
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Spiroflow
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Cablevey Conveyors
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Thomas Conveyor Co., Inc.
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Gough Econ
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Hapman Conveyors LLC
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Schenck Process Group
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Interroll Holding AG
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Neuero Industrietechnik GmbH
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Ryson International, Inc.
Screw Conveyor Market Industry Developments
The global screw conveyor market is projected to reach USD 3.5 billion by 2032, exhibiting a CAGR of 3.64% during the forecast period (2024-2032). The growing demand for efficient and cost-effective material handling solutions in various industries, such as food processing, mining, and construction, is driving market growth. The increasing adoption of automation in industrial processes is further fueling demand for screw conveyors. Furthermore, the rising focus on environmental sustainability is leading to the adoption of energy-efficient screw conveyors, which is contributing to market growth. Key market players are investing in research and development to enhance the efficiency and durability of screw conveyors, which is expected to drive market growth over the coming years.
Screw Conveyor Market Segmentation Insights
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Screw Conveyor Market Capacity Outlook
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Low Capacity (up to 100 tons/hour)
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Medium Capacity (100-500 tons/hour)
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High Capacity (over 500 tons/hour)
| Report Attribute/Metric |
Details |
| Market Size 2022 |
2.45(USD Billion) |
| Market Size 2023 |
2.54(USD Billion) |
| Market Size 2032 |
3.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.64% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Buhler AG ,Fives Group ,Vibra Screw, Inc. ,Screw Conveyor Corporation ,Dynamic Conveyor Corporation ,Spiroflow ,Cablevey Conveyors ,Thomas Conveyor Co., Inc. ,Gough Econ ,Hapman Conveyors LLC ,Schenck Process Group ,Interroll Holding AG ,Neuero Industrietechnik GmbH ,Ryson International, Inc. |
| Segments Covered |
Type ,Material ,Capacity ,Application ,Regional |
| Key Market Opportunities |
Growing demand for packaged food Increasing automation in industries Expanding mining sector Rise in infrastructure and construction Growing adoption of screw conveyors in waste management |
| Key Market Dynamics |
Rising demand in food and beverage sector Technological advancements Increasing infrastructure development Growing use in mining and other industries Expanding manufacturing sector |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The global Screw Conveyor Market was valued at approximately USD 2.54 billion in 2023 and is expected to reach a value of USD 3.5 billion by 2032, exhibiting a CAGR of 3.64% between 2023 and 2032.
Asia-Pacific is expected to be the fastest-growing region, with a CAGR of 4.1% during the forecast period. The growth in this region is primarily attributed to the increasing demand for screw conveyors from various industries, including food and beverage, chemical, and manufacturing.
The major industries that consume screw conveyors include food and beverage, chemical, manufacturing, mining, and pharmaceuticals. Screw conveyors are used for various applications in these industries, such as conveying materials, mixing, and feeding.
Some of the prominent players in the Screw Conveyor Market include: - EagleBurgmann - FLSmidth - KWS Manufacturing Company - Martin Engineering Company - Prater Industries - Schenck Process Group - SIH Group - Wamgroup - Yutong Heavy Industries
The growth of the Screw Conveyor Market is driven by factors such as the increasing demand for efficient material handling solutions, the growing adoption of automation in industries, and the need for reliable and cost-effective transportation of materials.
The Screw Conveyor Market is influenced by trends such as the development of energy-efficient screw conveyors, the integration of advanced technologies like IoT and sensors, and the growing emphasis on sustainability.
The COVID-19 pandemic had a moderate impact on the Screw Conveyor Market. Slowdown in industrial activities and disruptions in supply chains led to a temporary decline in demand for screw conveyors. However, the market is expected to recover in the coming years as industries resume operations and invest in efficient material handling solutions.
The rising demand for automated material handling systems, the adoption of lean manufacturing techniques, and the growing focus on reducing energy consumption present significant growth opportunities for the Screw Conveyor Market in the future.
The Screw Conveyor Market faces challenges such as fluctuations in raw material prices, intense competition, and the need for continuous innovation to meet evolving customer requirements.
Emerging technologies such as IoT, AI, and machine learning are expected to shape the future of the Screw Conveyor Market. These technologies can enhance the efficiency, reliability, and control of screw conveyors, leading to improved productivity and cost savings.
