Trommel Screens Market REPORT OVERVIEW
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The global trommel screens market size was USD 167.5 million in 2021 and market is projected to touch USD 258.7 million by 2032, exhibiting a CAGR of 4.0% during the forecast period.
Trommel screens fall in the bracket of mechanical screening machines also known as rotary screens used in the segregation of materials precisely in the mineral and solid-processing industry.
Urbanization and globalization have improved the standard of living but at the same time contributed to the rising environmental and societal problems. The incorporation of tech in every sector has provided innovative solutions to combat the rising problems. The construction and mining sector were in dire need of modern equipment. All these factors will drive the trommel screens market growth in the upcoming years.
COVID-19 Impact: Frequent Lockdowns to Hamper the Market Growth.
COVID-19 affected all the industries as the industrial sector was not prepared for the sudden onset of the pandemic. The declaration of lockdowns created many problems in the production of the product. As the supply of raw materials suffered a tremendous fallout followed by the lack of human resources. Moreover, the mining industry went through a dry phase. The construction sector came to a sudden halt as the focus shifted toward healthcare. As the impact of the pandemic started slowing down the demand increased and it is expected the market will return to normal in the forthcoming years.
LATEST TRENDS
"The Development of Heavy duty Trommel screens to Boost the Product Demand. "
Heavy duty trommel screens are used in quarrying and recovering clean rock from waste. In the last decade, the demand for minerals has risen. To keep up with the demand and high production continuous developments are being implemented to improve the potentiality of the product. The incorporation of heavy-duty trommel screens in mainstream work has increased production and revenue generation.
Trommel Screens Market Segmentation
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- By Type
Based on type, the market is divided into stationary trommel screens, tracked trommel screens and wheeled trommel screens.
- By Application
Based on the application, the market is divided into municipal and industrial waste, mineral processing and others.
DRIVING FACTORS
"Increase in Mining and Construction to Alleviate the Product Sales. "
The world is growing through a major transformation in the last few decades. The developing countries are striving to build their infrastructure while the developed nations are on their way to making the existing infrastructure technologically advanced. The construction industry has witnessed an unparallel growth owing to many factors such as globalization, the rise of real estate and population expansion. Government funding and initiatives and consumer demand for smart houses and offices propelled the growth of the construction sector. However, the integration of high-tech has changed the model of the construction plan. The growth of green construction as an initiative toward sustainable developments and reducing carbon footprint, technology to increase the life span of the structure and rise in the numbers of public roads and bridges contributing to the rise in the construction sector. The mining industry witnessed a steady growth in the present times as the companies are recovering from the effects of the pandemic. Large-scale capital investment and big projects resulted in substantial gain and an increase in productivity. Trommel screens are used to get rid of dust particle which affects the process and valuable minuscule minerals. The rise in construction and mining works will drive the growth of trommel screens market share.
"Rise in Waste- management and recyclable Industries to Boost the Product Sales. "
A recent survey has revealed the increasing amount of waste generation worldwide. There are many factors contributing to the production of waste such as population growth, rise in urbanization and increasing purchasing power of the consumer. The disposal of waste is a major concern to maintain environmental cleanliness. The developed nation produces more waste however, the advanced waste management system and recyclable units have led to lower emission of harmful gases. Municipalities are adapting and upgrading to the latest waste management technologies. Trommel screens are favoured owing to their advantages in filtrating out the organic and inorganic waste material leading to high-quality compost-free impurities and clean RDF. Moreover, it is affordable and easy to use reducing time and cost. Trommel screens are flexible and can be implemented without any hassle near the source and are mechanically more robust. The growth of recyclable industries and developed waste management is a major growth factor for the trommel screens market size.
RESTRAINING FACTORS
"Rise in Alternative Equipment and Methods to Hamper the Product Sale. "
Waste management initiative is being taken earnestly to accomplish the goal of environmental cleanliness and promote sustainable living. Although trommel screens are widely used in the waste management process, however, there are innovations and alternative products that are being launched in the market to improve the efficiency of the process. The increasing demand for other alternatives will become a major restraining factor in the growth of the trommel screens market.
Trommel Screens Market REGIONAL INSIGHTS
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"North America to Dominate the Market due to Advanced Waste-management Process. "
North America is expected to lead this segment in the forecasted year. The developed nations generate a higher amount of waste. So, the need for proper waste management becomes important. North America is technologically advanced and it is revamping its existing infrastructure intending to transform it into a world-class framework. The booming real estate has resulted in the rise of the construction and mining sector. The high emission of dust particles exaggerates the environmental conditions. To combat these problems modern equipment is used such as trommel screens. Moreover, the capital investments and presence of key players have led to the trommel screens market growth in this region.
KEY INDUSTRY PLAYER
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- VERMEER (U.S)
- Eggersmann GmbH (Germany)
- McCloskey International (U.S)
- Terex (U.S)
- McLanahan Corporation (U.S)
- Pronar (Poland)
- Hongxing (China)
- MDS (Nigeria)
- Zemmler (Germany)
- Stelex Engineering Ltd (U.K)
- EDGE (U.S)
- Doppstadt (Germany)
- TECP (U.S)
- Zhengzhou Mining Machinery (China)
- Screen Machine Industries (U.S)
- WSM (U.S)
- Tana Oy (Finland)
- Screen USA (U.S)
- Rockster Recycler (Austria)
- Sherbrooke OEM (Canada)
- Xinxiang Dayong Vibration Equipment (China)
REPORT COVERAGE
This report covers the analysis of the trommel screens providing a comprehensive market insight considering the existing key players who would play a crucial role in the forecasting period. It also analyses based on segmentation, industrial developments, trends, growth, size, share, restraints and revenue. The report covers an overview of the latest driving factor in the industry, dominant region, latest innovations and opportunities.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 167.5 Million in 2021 |
Market Size Value By |
US$ 258.7 Million by 2032 |
Growth Rate |
CAGR of 4% from 2021 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global trommel screens market expected to touch by 2032?
The global trommel screens market is expected to reach USD 258.7 million by 2032.
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What CAGR is the trommel screens market expected to exhibit by 2032?
The trommel screens market is expected to exhibit a CAGR of 4.0% by 2032.
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Which are the driving factors of the trommel screens market?
The increase in mining and construction and the rise in waste- management and recyclable industries are the driving factors of the trommel screens market.
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Which are the top companies operating in the trommel screens market?
VERMEER, Eggersmann GmbH, McCloskey International, Terex, McLanahan Corporation, Pronar, Hongxing, MDS, Zemmler, Stelex Engineering Ltd, EDGE, Doppstadt, TECP, Zhengzhou Mining Machinery, Screen Machine Industries, WSM, Tana Oy, Screen USA, Rockster Recycler, Sherbrooke OEM and Xinxiang Dayong Vibration Equipment are the key company operating in the trommel screens market.