Global Screw Conveyors Market Overview:
As per MRFR analysis, the Screw Conveyors Market Size was estimated at 5.53 (USD Billion) in 2022. The Screw Conveyors Market Industry is expected to grow from 6.01(USD Billion) in 2023 to 12.8 (USD Billion) by 2032. The Screw Conveyors Market CAGR (growth rate) is expected to be around 8.75% during the forecast period (2023 - 2032).
Key Screw Conveyors Market Trends Highlighted
The Screw Conveyors Market is anticipated to grow significantly in the coming years driven by increasing demand from various industries and advancements in manufacturing technology. A notable trend is the growing adoption of high-performance screw conveyors designed to handle challenging bulk materials, including abrasive or sticky substances. These conveyors offer enhanced durability and reduced maintenance downtime, making them ideal for use in industries such as mining, cement, and chemical processing.
Additionally, the rising demand for customized screw conveyors tailored to specific application requirements is a key driver of market growth. Manufacturers are increasingly focused on developing innovative designs and materials to meet the unique needs of different industries, such as food and beverage, pharmaceuticals, and plastics. Moreover, advancements in automation and control systems are further enhancing the efficiency and reliability of screw conveyors, leading to increased adoption across various sectors.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Screw Conveyors Market Drivers
Growing Demand for Automated Material Handling
The use of automation in manufacturing and organization industries is increasing, and hence the demand for screw conveyors is also increasing. Screw conveyors are used for efficient and safe material handling. It uses a conveyor to reduce the use of manual labor. It is used to move the bulk of materials from one location to the other location in various sectors such as food and beverage, pharmaceuticals, chemicals, and automotive. With the increase in use of automation in industries more use of screw into conveyors. Hence, it is considered that the Screw Conveyors Market Industry will grow.
Rising Infrastructure Development
The screw conveyors are an essential part of any construction industry as they are used for the transportation of construction materials such as cement, sand, aggregates etc. The worldwide urbanization and the construction of increasingly commercial building as well as residential buildings are driving the screw conveyors market in the.
Technological Advancements
In conclusion, it was made clear in the investigation that the accessibility of screw conveyors is directly associated with the human development potential from land transportation to sophisticated road networks. The fact comes from the history where humans first used wood and then metals to make such useful tools as screw conveyors. One more conclusion concerns the technological perspective. Screw conveyors used in the Screw Conveyors Market Industry can be controlled due to the progress in technology. Manufacturers include various drives into the design and introduce more advanced control systems. As a result, screw conveyors become more effective and efficient in working with different types of materials, they use energy wisely, and they are easy in maintenance.
Screw Conveyors Market Segment Insights:
Screw Conveyors Market Material Type Insights
The Material Type segment is a key element of the dynamics of the Screw Conveyors Market. In 2023, the Stainless Steel segment accounted for slightly over 40.0% of the Screw Conveyors Market revenue. This segment holds the largest market share owing to its superior characteristics, such as corrosion resistance, durability, and an array of material-handling capabilities. The Stainless Steel segment has a broad client base and is widely used in industries such as food processing, pharmaceuticals, and chemicals.
The Carbon Steel segment is set to account for a steady growth rate over the forecast period owing to its cost-effectiveness and suitability for applications where there is no need to handle corrosive materials. Carbon steel materials are strong and resistant to wear, and as such, these materials are mainly used in the construction, agriculture, and mining industries. Plastic screw conveyors are gaining popularity owing to their light weight, low maintenance, and resistance to chemicals. The population is majorly used in the food and beverage industry where hygiene and non-contamination are of paramount importance.
The Plastic segment is projected to present promising sector growth levels in this market. The overhead conveyor systems segment is small and although it is not, its growth is expected to be low. This is due to the population of Alumi screw conveyors, and its main clients are based on their low weight and resistance to corrosion. Key characteristics of Aluminum screw conveyors are their high strength-to-weight ratio and the ability to withstand harsh applications, for example, aerospace, and defense applications. Interesting insights from the Screw Conveyors Market for the material type segment indicate that different industries have varying requirements and preferences. Insights into each segment’s market dynamics can assist manufacturers in understanding their target markets’ variations and allow them to adjust their products and strategies accordingly.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Screw Conveyors Market Capacity Insights
The Screw Conveyors Market is segmented by capacity as Small Capacity (10 cubic feet per hour), Medium Capacity (10 – 100 cubic feet per hour) and Large Capacity (>100 cubic feet per hour). Although the largest market is expected for small capacity in 2023 because of its wide range of applications into several industries such as food processing, chemical processing and pharmaceuticals, the medium capacity is also expected to grow at a significant rate owing to the rising demand for screw conveyors into the bulk materials handling applications.The large capacity is estimated to grow at a stable rate as it has several heavy duty applications into mining and construction.
Screw Conveyors Market Drive Type Insights
The Screw Conveyors Market is segmented by Drive Type into Electric Motor, Hydraulic Motor, and Pneumatic Motor. The Electric Motor segment is expected to hold the largest market share in 2023, accounting for over 60% of the global market. The growth of the Electric Motor segment is attributed to its high efficiency, low maintenance cost, and wide availability. The Hydraulic Motor segment is expected to grow at a CAGR of over 7% during the forecast period. The growth of the Hydraulic Motor segment is attributed to its high torque and ability to operate in harsh environments.The Pneumatic Motor segment is expected to grow at a CAGR of over 6% during the forecast period. The growth of the Pneumatic Motor segment is attributed to its low cost and ability to operate in explosive environments.
Screw Conveyors Market Application Insights
The Screw Conveyors Market is segmented by application into food processing, chemical processing, mining, agriculture, and construction. The food processing segment is expected to account for the largest share of the market in 2023, with a revenue of USD 2.2 billion. This is due to the increasing demand for processed foods and beverages, which requires efficient and reliable conveying systems. The chemical processing segment is expected to be the second largest segment, with a revenue of USD 1.8 billion in 2023. This is due to the growing demand for chemicals and pharmaceuticals, which require precise and controlled conveying systems.
The mining segment is expected to be the third largest segment, with a revenue of USD 1.5 billion in 2023. This is due to the increasing demand for minerals and metals, which require efficient and durable conveying systems. The agriculture segment is expected to be the fourth largest segment, with a revenue of USD 1.2 billion in 2023. This is due to the increasing demand for agricultural products, which requires efficient and reliable conveying systems. The construction segment is expected to be the fifth largest segment, with a revenue of USD 1.1 billion in 2023. This is due to the increasing demand for construction materials, which requires efficient and durable conveying systems.
Screw Conveyors Market Regional Insights
The Screw Conveyors Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in the coming years. The growth of the screw conveyors market in North America is attributed to the increasing demand for efficient and cost-effective material handling solutions in various industries such as food, beverage, chemical, and pharmaceutical. Europe is another significant market for screw conveyors, owing to the presence of a large number of manufacturing industries in the region.
The APAC region is expected to witness the fastest growth in the screw conveyors market during the forecast period, due to the rapid industrialization and growing demand for automation in the region. South America and MEA are also expected to contribute to the growth of the screw conveyors market, as these regions are experiencing increasing investment in infrastructure and manufacturing.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Screw Conveyors Market Key Players and Competitive Insights:
In the Screw Conveyors Market, major players are primarily concentrating on gaining a competitive edge by innovating products and expanding in diverse geographies. Currently, the leading screw conveyors market players are primarily focusing on manufacturing low cost and energy-efficient solutions in order to meet changing demand across industries. Besides, Screw Conveyors Market has a cut-throat competitive climate where players play pivotal roles such as acquisition, mergers, and other collusion strategies to improve their market scenario. In the time to come, the competitive situation of the Screw Conveyors Market is expected to be highly influenced by innovative technology and change in customer demand.
Buhler is a significant player operating in the Screw Conveyors Market. The company has operations in food processing equipment and machinery and general metal processing machinery. The organization offers horizontal and inclined screw conveyors varying on the stipulations of applications. Since the manufacturing of screw conveyors requires sufficient precision and a touch of innovation, Buhler has been patented to innovatively manufacture screw conveyors for desired low maintenance costs. Moreover, Buhler invests in continuous research so as to correlate applications and required conveyor mechanics. The company has a well-established distribution network that has seen it serve various clients around the globe.
On the other hand, Schneider Electric has operations in Screw Conveyors Market. Schneider Electric operates in building machinery control equipment, electric switches, fused cutouts, and switches for welded power adjustment as well as bolted pressure adjustment, just to name a few. The company offers a variety of screw conveyors ranging in the conveying of bulk solids, powders, and liquids. Schneider focuses on providing a positive approach required on the application of a screw solutions conveyor. The company is mandatory operational to provide energy-efficient screw solutions to clients. Schneider Electric has a global reach to provide its clients with innovative solutions. Also, the company ensures environmental-friendly solutions are used to clients. The organization provides custom-made technical solutions to clients.
Key Companies in the Screw Conveyors Market Include:
- Van der Graaf
- Kawasaki Heavy Industries, Ltd.
- ThyssenKrupp
- Flender
- Sumitomo Machinery Corporation
- Bonfiglioli
- Mitsubishi Heavy Industries
- Rockwell Automation
- SEWEurodrive
- WITTENSTEIN
- Parker Hannifin
- Nord Gear Corporation
- Spirax Sarco Engineering plc
Screw Conveyors Market Industry Developments
The Screw Conveyors Market is projected to reach USD 12.8 billion by 2032, exhibiting a CAGR of 8.75% during the forecast period (2024-2032). Increasing demand for efficient and cost-effective material handling solutions in various industries, including food and beverage, pharmaceuticals, and construction, is driving market growth. Technological advancements, such as the integration of smart sensors and automation, are further enhancing the efficiency and capabilities of screw conveyors.
Additionally, growing emphasis on sustainability and reducing energy consumption is fueling demand for energy-efficient screw conveyor systems. The market is witnessing strategic partnerships and acquisitions among key players to expand product portfolios and enhance market presence.
Screw Conveyors Market Segmentation Insights
-
Screw Conveyors Market Material Type Outlook
- Stainless Steel
- Carbon Steel
- Plastic
- Aluminum
-
Screw Conveyors Market Capacity Outlook
- Small Capacity (less than 10 cubic feet per hour)
- Medium Capacity (10 to 100 cubic feet per hour)
- Large Capacity (over 100 cubic feet per hour)
-
Screw Conveyors Market Drive Type Outlook
- Electric Motor
- Hydraulic Motor
- Pneumatic Motor
-
Screw Conveyors Market Application Outlook
- Food Processing
- Chemical Processing
- Mining
- Agriculture
- Construction
-
Screw Conveyors Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
5.53 (USD Billion) |
| Market Size 2023 |
6.01 (USD Billion) |
| Market Size 2032 |
12.8 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
8.75% (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 |
Van der Graaf, Kawasaki Heavy Industries, Ltd., ThyssenKrupp, Flender, Sumitomo Machinery Corporation, Bonfiglioli, Mitsubishi Heavy Industries, Rockwell Automation, SEWEurodrive, WITTENSTEIN, Parker Hannifin, Nord Gear Corporation, Spirax Sarco Engineering plc |
| Segments Covered |
Material Type, Capacity, Drive Type, Application, Regional |
| Key Market Opportunities |
1 Increasing demand from food and beverage industry2 Growing adoption in chemical and pharmaceutical sectors3 Expansion in construction and infrastructure industry4 Government initiatives promoting automation in manufacturing5 Advancements in material handling technologies |
| Key Market Dynamics |
1 Increasing industrial automation2 Rising demand from food and beverage industry3 Growing construction sector4 Technological advancements5 Government regulations and environmental concerns |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Screw Conveyors Market was valued at approximately 6.01 billion USD in 2023 and is expected to reach 12.8 billion USD by 2032, exhibiting a CAGR of 8.75% over the forecast period 2023-2032.
Key factors driving the growth of the screw conveyors market include increasing demand for efficient and cost-effective material handling solutions in various industries, growing use in food processing and manufacturing sectors, and rising infrastructure development activities worldwide.
Asia-Pacific is expected to remain the dominant region in the screw conveyors market, accounting for the largest share of the global market revenue. This growth is attributed to rapid industrialization, increasing demand for screw conveyors in food processing, and growing construction activities in the region.
Screw conveyors find application in a wide range of industries, including food processing, chemicals, pharmaceuticals, mining, and construction. They are used for conveying bulk materials such as powders, granules, and solids.
Key competitors in the Screw Conveyors Market include major players such as FLSmidth, Schenck Process, Thyssenkrupp, Eagle Iron Works, and Dynamic Air. These companies offer a wide range of screw conveyors, including horizontal, inclined, and vertical screw conveyors, to meet the diverse requirements of various industries.
Challenges faced by the screw conveyors market include intense competition, stringent government regulations, and the need for continuous innovation to meet evolving customer demands. Additionally, factors such as fluctuating raw material prices and geopolitical uncertainties can impact the growth of the market.
Key trends shaping the future of the screw conveyors market include the adoption of advanced technologies such as automation and IoT, increasing demand for energy-efficient and environmentally friendly solutions, and the growing focus on customization and tailored solutions to meet specific industry requirements.
What is the expected growth rate of the Screw Conveyors Market?What are the key end-use industries of screw conveyors?
Major end-use industries of screw conveyors include chemical processing, food and beverage, pharmaceuticals, mining, and construction. These industries utilize screw conveyors for efficient and reliable material handling applications.
Pricing of screw conveyors is influenced by several factors, including the type of conveyor, its capacity and size, the materials used in its construction, and any special features or customizations required. Additionally, factors such as market demand, competition, and production costs also play a role in determining the price of screw conveyors.
