Global Flexible Screw Conveyor Market is expected to reach US$ XX Mn by 2026 from US$ XX Mn in 2019 at a CAGR of 4.5 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Flexible Screw Conveyor Definition:
Flexible Screw Conveyors consist of spring steel and flexible screw enclosed in a rigid or flexible plastic tube which is driven by an electric motor located at the discharge end of the conveyors. Flexible Screw Conveyors are considered a perfect choice for a broad variety of assigning applications where hygiene, ease of maintenance, low noise, total containment, and dust control are the important factors.
Global Flexible Screw Conveyor Market Dynamics:
Flexible screw conveyors are easier to install are lightweight as compared to conventional screw conveyors and completely assembled and are cost-efficient. Increasing demand for automation in the manufacturing sector and the need for cost-effective material handling systems are expected to drive the growth of the flexible screw conveyors market. Flexible screw conveyors are used in many different applications like agricultural, food processing, automotive, pharmaceutical, chemicals, and others.
Flexible Screw Conveyors can convey materials in any direction and raise between horizontal and vertical, to turn over, under, and around obstacles conveying without separation through screw or tube combinations. Flexible Screw Conveyors are considered ideal for dried or dehydrated products, which acts as protection against environmental moisture and water. Also, Flexible Screw Conveyors have features like vibration absorption, excellent abrasion resistance, and certified food products make them unique, which is expected to boost the growth of the Global Flexible Screw Conveyor Market.
Increasing industrial growth, automation trend, e-commerce, and the modernization in all the industrial and commercial activities is the main driving for the growth of the Global Flexible Screw Conveyor Market. In Asia Pacific India and China is considered the fastest-growing market having huge demand for flexible screw conveyors.
Advancement in technology has brought about various features like automatic loading, accuracy, and compact digital circuits in the flexible screw conveyors, which have also boosted the growth of the Global Flexible Screw Conveyor Market.
Global Flexible Screw Conveyor Market Segment Analysis:
The report groups the Global Flexible Screw Conveyor Market in different segments By Capacity, End-Use, and Region to forecast the revenues and analyze the market share of each segment over the forecast period.
Global Flexible Screw Conveyor Market
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Based on End Use, the Global Industrial Machines Market is segmented into Manufacturing, Chemicals, Pharmaceuticals, Food & Beverage, and Others. The Manufacturing segment was dominant in 2019 and is expected to command a market share of xx% by 2026. The use of Flexible Screw Conveyors is done in the manufacturing sector to carry the material or the product and to take precise quantities of materials. As the manufacturing industrial sector is increasing day by day the need for Flexible Screw Conveyors is increasing. Also, the use of Flexible Screw Conveyor in pharmaceuticals has increased because of the high demand for medicines.
Based on capacity, the Global Industrial Machines Market is segmented into 100 – 400 Kg/h, 400 – 800 Kg/h, 800 – 2000 Kg/h, 2000 – 5000 Kg/h, 5000 – 7000 Kg/h, and Others. According to the weight of the material been carried on the conveyor, the capacity of the conveyor is decided. 100-400 kg/h is the minimum capacity of the flexible screw conveyor to the maximum capacity of 5000 – 7000 Kg/h and more.
Global Flexible Screw Conveyor Market Regional Insights:
Global Flexible Screw Conveyor Market 1
The Asia Pacific is expected to command the largest market share of xx% by 2026
In the Asia Pacific developing economies like China and India have been the leading market in the use and manufacturing of various products for, which flexible screw conveyors use are required. China is considered the world’s largest automobile market with the Chinese government expecting that automobile output will reach 30 Mn units by 2020 and 35 Mn by 2026