Analysis of Screening Equipment market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global screening equipment market has reached a valuation of US$ 6.78 billion and is anticipated to expand at a CAGR of 5.6% to reach US$ 11.69 billion by the end of 2032.
North America accounts for over one-fourth share of the worldwide sales of screening equipment.
Screening Equipment Market Size (2022E)
US$ 6.78 Billion
Forecasted Market Value (2032F)
US$ 11.69 Billion
Global Market Growth Rate (2022-2032)
North America Market Share (2022)
Europe Market Share (2022)
Key Companies Profiled
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The machinery used in mechanical screening procedures that separates one substance/material from another is known as screening equipment. Screening equipment is used to filter raw materials from a quarry or crusher into even finer grades, bringing them closer to a finished product, as the second step in the material handling process.
Screening tools can function independently, depending on the application. However, a full-circuit system is produced when screening equipment and a crusher are combined. A smooth material handling process is created by the interaction of these systems.
A whole-circuit system is the most efficient approach to mine and sort resources to make something that can be sold in the market, even though screens are employed without crushers. Machines for full-circuit or single screening might be inclining or flat designed.
Global usage of screening equipment continues to be significantly influenced by expansion in the construction and mining industries.
Expanding at a CAGR of 5.6%, the global screening equipment market is projected to reach US$ 11.69 billion by 2032.
“Technological Advancements & High Demand from Various Industries for Screening Devices”
Demand for screening equipment is being driven by an increase in infrastructure and construction projects, including building construction and other industrial uses. An increase in urban population with high living standards around the world is supporting this expansion.
Numerous regulatory bodies are also making considerable investments in global infrastructure and technological advancements. These are a few of the key elements that are anticipated to spur screening equipment market sales growth.
“Lack of Skilled Workers & High Capital Requirements Hurting Industry Growth”
The market for screening equipment can be severely impacted by several reasons, such as high capital requirements, an uncoordinated supply chain, and production lead times that cause deliveries to be delayed, among others.
Other problems which influence the market growth may include the need for qualified workers to operate the equipment and the extensive maintenance intervals the equipment necessitates, which can have an impact on the processes it is integrated with.
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“New Market Players Focusing on Reducing Manufacturing & Maintenance Costs and Improving Product Design”
The screening equipment business is expanding rapidly due to its vast application in various industries. The construction & mining industries make wide use of screening equipment.
However, high manufacturing and maintenance costs as well as a lack of skilled workers and design are pulling back the growth of the screening equipment market.
There is a high need for product development, for which, existing companies are focusing on R&D for creating improved products. This has also opened the door to a lot of opportunities for new market entrants.
“High Demand from Various End-use Industries in North America”
From the perspective of North America, the screening equipment market is predicted to see favourable revenue growth over the forecast period due to developments seen across end-use applications, including building infrastructure, agriculture, and mining. In 2022, North America is expected to account for 25.9% of the global market share.
In response to the mining industry's increased demand in the Scandinavian and Russian markets, the market in Europe is predicted to experience a good expansion in the screening equipment sector. Currently, Europe is likely to hold 22.7% of the global market share.
Due to the construction industry's recent advances, which may help to generate a high demand for screening equipment, the Asia Pacific market is anticipated to increase in the near future with a focus on the economies of China and India.
“High Demand for Various By-products Obtained from Mining Driving Use of Screening Equipment”
The global market for screening equipment is growing as screening equipment usage increases in sectors like agriculture and oil & gas.
The mining sector is cyclic. Against the backdrop of a growing global economy, it tends to increase pretty steadily. It is anticipated that developing nations such as India and China will experience a major increase in demand for resources like iron ore, copper, and coal. The market for screening equipment is expected to be driven by this throughout the forecast period.
Another factor influencing the market is the quick rise in mining activities worldwide. Due to its extensive use and simplicity of adoption in integrated machines, the screening equipment market is predicted to grow significantly throughout the forecast period.
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Over the past few years, there has been a sharp increase in demand for screening equipment for bulk handling and sorting. Mobile screens, drum screens, and flat screens are just a few of the screening products available from manufacturers of screening equipment.
Additionally, they are concentrating on expanding their customization options in response to the specialized needs of their customers.
To ensure innovation in their products, manufacturers are investing in R&D operations. The most frequently used tactic by the participants to generate high demand in this industry is to add modifications, upgrades, and innovations to the existing equipment.
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Sales of screening equipment are set to rise at 5.6% CAGR through 2032.
The screening equipment market is valued at US$ 6.78 billion.
By 2032, screening equipment sales are predicted to reach US$ 11.69 billion.
Currently, North America accounts for 25.9% global market share.
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