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.
Vibrating Screens Market: Untapped Mining Areas to Create Myriad of Opportunities: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028Buy Now
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