Competitive Landscape of Vibrating Screens Market Opportunity Assessment 2018 – 2028
Press Release – 14
Jan 2019
Research
and Development News
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Latest
Update
"Vibrating Screens Market: Untapped Mining Areas to Create
Myriad of Opportunities: Global Industry Analysis 2013 - 2017 and
Opportunity Assessment 2018 - 2028"
with Industries Survey | Global Current Growth and Future.
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Liner motion screens to surpass circular
screens 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 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.
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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
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
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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
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
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