The report forecasts that the global screw machine market to grow at a CAGR of 1.56% during the period 2017-2021.
Global Screw Machine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion operating in this market.
Commenting on the report, an analyst from the research team said: The latest trend gaining momentum in the market is increase in use of high-strength fasteners in wind towers. Wind energy plays a significant role in energy supplies worldwide. Also, wind energy is being continually expanded, which includes repowering old facilities and building new off-shore wind parks. This is expected to increase the number of wind energy plants, thus creating demand for screw machined products like fasteners, bolts, and nuts.
According to the report, one of the major drivers for this market is growth of construction industry. The research predicts that the global construction output will experience a meteoric growth level and will be worth around $14.5 trillion by 2025, growing by more than 70% when compared with 2015. The tremendous growth is expected to be concentrated in three countries - China, the US, and India.
Further, the report states that one of the major factors hindering the growth of this market is slow growth in mining industry. The mining sector resorts to screw machine products for services in conveyors, crushing and pulverizing equipment, railroad cars, and material handling devices among many more. The year 2016 has been a challenging year for the global mining sector due to factors like geopolitical turmoil, increasing costs, price volatility, the decline in the quality of mined products, and lack of adequate financing.
- Cox Manufacturing
Other prominent vendors:
- Davenport Machine
- Metra CNC Lathes and Multi Spindle Machines
- Precision Screw Machine Products
- Valley Machining Company
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by type
Part 07: Geographical segmentation
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
For more information about this report visit https://www.researchandmarkets.com/research/k6s98n/global_screw