vibratory screen market REPORT OVERVIEW
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The global vibratory screen market size is expected to grow from USD 2.4685 Billion in 2022 to USD 2.9475 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 3.0% from 2022 to 2028.
To separate feeds including solid and crushed ores down to a thickness of about 210 m, vibratory screens are utilized. These screens may be used with both dried and moist feed. Internal parts of the vibratory screen include a rubber sieve plate and a vibrating motor. In the mineral processing industries, high frequency vibratory screens are mainly used. Gyratory screens, circular vibratory screens, and other types of vibratory screens are all readily accessible on the market.
The capacity of vibrating screens is affected by a number of variables, including the quantity of oversized and undersized material, the kind of material, the form of the particles, the moisture content, and others. The high-frequency vibratory screen may operate at any angle between 0 and 25 degrees and as high as 45 degrees.
COVID-19 Impact: Strict Protocols Led to Market’s Decline
Covid badly affected the vibratory screen market due to supply chain disruptions and shortage in raw materials was also observed. Shortage of labor and strict protocols such as lockdowns and restrictions on movement created roadblocks, disruptions in end-use sectors of the product led to lower demand.
LATEST TRENDS
"Developments in Vibratory Screen Technology Will Accelerate the Market"
In order to improve the effectiveness and efficiency of the screening process, a few major developments in vibratory screen technology are being used. Increased sophistication in screening equipment is one trend. Small particles may be screened for by using these devices, which can screen for many different materials. This contributes to the effectiveness and efficiency of the screening procedure.
Another development is the application of computer-aided design to the development of more effective and efficient screening apparatus. With the use of this technology, the screening procedure is becoming more accurate and effective. Last but not least, there is a movement toward the use of more ecologically friendly materials in the manufacture of vibratory screens. The effect of the production process on the environment is being lessened as a result of this.
vibratory screen market Segmentation
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- By Type Analysis
By type, market is segmented into linear vibrating screen and circular vibratory screen. The linear vibrating segment will dominate the market in the coming years.
- By Application Analysis
Based on applications, the market is classified into mining, aggregate, recycling, food and chemical, casting for automotive and others. The mining segment will lead the global share through 2028.
DRIVING FACTORS
"High Availability and Little Maintenance to Drive the Market"
Due to the screwless attachment mechanism, vibratory screens may be replaced quickly and simply, which is what is fueling the industry's expansion worldwide. Market growth for vibratory screens is being driven by its high availability and little maintenance needs. Other reasons driving the expansion of the vibratory screen market globally include the screens' long-lasting construction and low susceptibility. A further element driving demand for vibratory screens throughout the world is the diverse product range that is on offer in the market and meets customer needs.
"Growing Mining and Construction Industry to Augment the Demand"
The vibratory screen market is growing primarily as a result of the mining and construction industries. The expansion of infrastructure and urbanization are both contributing to the industry's growth. Vibrating screens are also extensively used in the food and beverage industries. For a number of purposes, including the grading, size, and separation of different food components, the industry employs vibrating screens.
RESTRAINING FACTORS
The fine screens on high frequency vibrating screens are extremely fragile and are prone to become obstructed very fast. The screen will eventually need to be replaced as the separation efficiency declines over time. The rotary sifter is an alternative to high frequency vibrating screens. These factors may limit the product demand and boost the adoption of alternatives.
vibratory screen market REGIONAL INSIGHTS
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"North America to Grow Rapidly within the Forecast Period"
On the strength of rising demand for private ownership of residential areas, it is projected that the U.S. would display stable expansion. In 2022, it is predicted that North America would hold a major share of the global vibratory screen market.
Before commencing building, it is necessary in this nation's residential zones to filter out undesirable components from the cement and gravel. For instance, the US Department of Housing and Urban Development said that in November 2021, the country saw the completion of 1,282,000 house units and the commencement of 1,679,000 housing building projects.
This offers favorable possibilities for the sale of vibratory screens in the United States, and this pattern is anticipated to remain for the duration of the assessment period.
The rising Indian construction sector, the nation's increasing urbanization, and the country's increased cement consumption are some of the other key aspects that are anticipated to drive the market. According to the Bureau of Energy Efficiency, India now produces 298 million tons of cement annually, but by 2030, production is expected to increase by 800 million tons. This ultimately creates a climate that is favorable for the marketing of vibratory screens in India.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- The Weir Group (U.K.)
- Aury (Australia)
- Astec Industries (U.S.)
- Metso Corporation (Finland)
- Thyssenkrupp (Germany)
- Deister Machine (U.S.)
- Derrick Corporation (U.S.)
- JOST (Germany)
- Binder-Co (Austria)
- Rotex Global (U.S.)
- Midwestern Industries (U.S.)
- Syntron (U.S.)
- SMICO (U.S.)
- SKAKO Group (Denmark)
- Elgin Equipment (India)
- HAVER & BOECKER (Germany)
- MEKA (India)
- Hawk Machinery (U.S.)
- Mogensen (Germany)
- N.M. Heilig (Netherlands)
- BURÇELİK (Turkey)
- IFE (U.K.)
- McLanahan Corporation (U.S.)
- AViTEQ (India)
- Gandong Mining Equipment (China)
- 3Bhungária (Hungary)
- MBE Coal & Mineral (India)
- Rudnick & Enners Maschinen (Germany)
- Henan Pingyuan (China)
REPORT COVERAGE
The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 2.4685 Billion in 2022 |
Market Size Value By |
US$ 2.9475 Billion by 2028 |
Growth Rate |
CAGR of 3% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the vibratory screen market expected to touch by 2028?
Over the research period, the vibratory screen market will be reaching USD 32.68 billion in 2028.
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What CAGR is the Vibratory Screen market expected to exhibit by 2028?
The Vibratory Screen market is expected to exhibit a CAGR of 3.0% by 2028.
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Which are the driving factors of the Vibratory Screen market?
High availability and little maintenance, growing mining and construction industry are the driving factors of the Vibratory Screen market.
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Which are the top companies operating in the Vibratory Screen market?
IFE, MEKA, HAVER & BOECKER and SMICO are the top companies operating the Vibratory Screen market.