Increasing Application in the Construction industry is increasing the Demand for Vibrating Screen Market
Globally, the vibrating screen market is expected to grow with a CAGR of 8.2% during the forecast period from 2019 to 2027, starting from 2018. However, the market is expected to reach a market value of US$ 2.25 Bn in 2027. The vibrating screen is a device with a screening surface that vibrates mechanically at high speeds and is used to screen coal, ore, or other fine dry materials, including crops. These devices allow the user to separate the particles or the crops based on size and requirement.
Vibrating screens have various applications in agriculture, construction and mining, recycling, and separation and quality maintenance. These devices are mostly used in the construction industry to maintain the quality of the material by separating unwanted particles. Increasing urbanization is one of the major factors for the growth of the vibrating screen market globally. Various advantages such as fast and easy replacement, high availability and low maintenance, durability, and low susceptibility drive the adoption of vibrating screens across the industrial sectors.
Market Synopsis
Vibrating Screen with Construction its End-Use Segment Continues Dominating the Market
In 2018, the construction industry led the overall vibrating screen market, contributing more than 1/4th of the market share of the total revenue generated globally. The construction segment uses the vibrating screen for separating the unwanted material or the granular particles from the material to increase the quality of the final product. These systems reduce labor work, increase time, and save costs for the construction company. Additionally, the rising construction industry is growing globally at a moderate rate, also driving the market's growth.
Asia-Pacific Dominates the Market by Region
The global vibrating screen market was led by Asia-pacific, holding a market share of over 33% in 2018. The regional market growth is attributed to heavy investments made by the region's various international and local companies. Additionally, urbanization is an important factor for the market's growth in the region as continuous infrastructure development is going on in the region, which is a major driver for the market. Moreover, the rapid development in industrial sectors in countries such as India, China, Japan, and others contributes to the market's growth.
Some of the prominent players operating in the vibrating screen market include Metso Corporation, Osborn Engineered Products Sa (Pty) Ltd., Schenck Process Holding GmbH, Terex Corporation, IFE Aufbereitungstechnik GmbH, McLanahan Corporation, JÖST GmbH + Co. KG, Carrier Vibrating Equipment, Inc., Vibramech (Pty) Ltd., Aury Australia Pty Ltd., Sinfonia Technology Co., Ltd, and Elgin Equipment Group.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The vibrating screen market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global vibrating screen market based on product type, end-use, drive type, and geography. Key segments covered in the report are as follows:
Segmentation Product Type Segment (2017–2027; US$ Bn)
Linear Vibrating Screen
Circular Vibrating Screen
Elliptical Vibrating Screen
Drive Type Segment (2017–2027; US$ Bn)
Direct Drive
Indirect Drive
End Use Segment (2017–2027; US$ Bn)
Mining
Construction
Recycling
Agriculture
Others
Geography Segment (2017–2027; US$ Bn)
North America (U.S. and Rest of North America)
Europe (U.K., Germany, France, and the Rest of Europe)
Asia Pacific (Japan, China, India, and the Rest of Asia Pacific)
Rest of World (Middle East & Africa (MEA), Latin America)
Unique data points of this report
Statistics on vibrating screen penetration and spending worldwide
Recent trends across different regions in the adoption of vibrating screens for various end-use.
Notable developments going on in the vibrating screen market
Attractive investment proposition for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently asked questions :
The market for Vibrating Screen Market is expected to reach US$ 2.25 Bn in 2027.
The Vibrating Screen Market is expected to see significant CAGR growth over the coming years, at 8.2%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Osborn Engineered Products Sa (Pty) Ltd., Metso Corporation, HAVER & BOECKER OHG, Terex Corporation, Schenck Process Holding GmbH, Xinxiang Zhenying Mechanical Equipment Co., Ltd. are some of the major players in the global market.
