Liner motion screens to surpass circular screen’s position with higher anticipated growth rate
The growth of vibrating screens market is anticipated to reach heights with the current boom in construction as well as the mining industry. Real estate sector, which is expected to grow at a good pace annually, is expected to be the prime factor influencing the demand for vibrating screens in the global market. By product type, the market is segmented as Linear Vibrating Screen, Circular Vibrating Screen and Elliptical Vibrating Screen. The research report suggests that among these types, circular vibrating screen is estimated to lead the global vibrating screen market over the forecast period. The segment is not the fastest growing segment when compared to linear motion and elliptical motion vibrating screens. Circular vibrating screen is expected to reach market value of over US$ 1,200 Mn over the course of the forecast period. Some of the key end-use industries that rely on screening using circular motion vibrating screens are mineral mining, coal mining, metal mining, construction industry, steel mills and many other industries. However, due to significant demand for linear motion vibrating screens from the aggregate industry, coal preparation plants and many others industries, linear segment is expected to grow a higher CAGR of 7.6% over the forecast period.
Customized screens to gain high momentum in the advanced areas
The advancements in developed regions have raised demands for advanced vibrating screens such as customized vibrating screen. The global vibrating screens market is witnessing a high growth opportunity with the introduction of technologically-advanced products. Key manufacturers of vibrating screens are focusing on product differentiation through innovation by means of investments in Research & Development, value-added product launches, and by exploring novel applications. Customized screens are gaining wide prominence especially in developed regions such as China, SEA & Pacific and North
America. Some of the manufacturers of vibrating screen are providing customized equipment based on customer demand. These vibrating screens are sold directly by manufacturer or through distribution channel. Some of the other technological innovations that have been introduced in the global market by manufacturers are dust free screens, reduced noise generation, increased screen efficiency etc.
Low penetration and limited investments to serve as a hurdle in growth of vibrating screens market
Despite being highly prevalent in numerous industries, the vibrating screens market may face lower demand in the regions with lesser awareness as many industrial areas may avoid its use due to long lifespan of equipment and high costs associated with it. Many smaller players have been struggling with the high costs of vibrating screens, and thus avoiding its use or reducing the maintenance cost of equipment. Capital investments in the industry remain low. Dramatic fluctuations in the commodity prices during the recent years have curtailed investment sentiments in the mining sector. In most Latin American counties, such as Brazil, Mexico, Colombia, Peru, Chile and El Salvador, economic activities have been significantly impacted due to the downturn of the mining industry. Furthermore, exploration expenditure has been consistently declining over the past few years, primarily owing to sluggish economic conditions. Thus, limited investments in the mining sector are anticipated to hamper the growth of the vibrating screen market
Global Industrial Automation Market Outlook
Players in the industrial automation and equipment industry continue to face an environment that remains hyper-competitive. Evolution in end-user demand is influencing players in the industrial automation and equipment landscape to optimize their manufacturing process. Sluggishness in the oil & gas industry, muted growth in automotive sales, and stagnancy in the agriculture sector have posed challenges to players in the recent past.
With the increase in oil rigs and natural gas projects being quoted, various companies are making reinvestments, to either cater requirement of preventative maintenance or for generating a better ROI. Investing in infrastructure development remains a top priority for the industrial automation and equipment companies, with improvements in energy- and operational-0efficiency gaining center stage.
FMI utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any. In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.
FMI collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.
In this phase, FMI validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.
Data Analysis and Projection
Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.
For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.
Linear Vibrating Screen
Circular Vibrating Screen
Elliptical Vibrating Screen
By Drive Type
By End Use
Others (Wood Processing, Iron &
Steel Industry, etc.
South East Asia & Pacific
Middle East Africa