During the forecast period, the global hammer mill market is estimated to expand at a CAGR of 4.3%, reaching a valuation of more than US$ 1,106 Mn by 2032.
Hammer mills are suitable for breaking hard, dry materials such as straw, maize cobs, wood chips, and other fibrous materials. They are effective for use in residential areas because of their low vibration and noise levels, but they are also a good investment for commercial applications because of their long life and minimal maintenance needs. They may be utilized in a broad range of sectors due to their diverse processing capabilities, and the speed can be modified to meet varied materials.
Hammer mills are becoming increasingly popular these days. The primary reason for this is that they are extremely adaptable devices. They may be utilized for a variety of purposes, including the generation of biomass and feed. They are also incredibly efficient and capable of handling a big volume of material.
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“Increased machine utilization and demand for high-quality goods in various sectors, as well as the integration of smart devices into equipment, are driving the expansion of the hammer mill market,” says an FMI analyst.
Key Takeaways:
- At a CAGR of 5.8%, the fastest-growing product type is Pneumatic Discharge from 2022 to 2032.
- From 2017 to 2021, the market for Hammer Mill increased at 3.4% CAGR and is expected to grow by 4.3% in 2022
- Over the forecast period, the hammer mill market in Germany is projected to grow at a significant CAGR of 3.9%.
- Over the forecast period, the hammer mill market in the agriculture sector is projected to grow at a significant CAGR of 4.2%.
- By Sales Channel, OEM is set to account for more than 95% of the global market
- By 2032, East is estimated to have the largest share of the global market, accounting for more than 48%.
Competitive Landscape
Some of the key hammer mill manufacturers included in the report are Andritz, Sandvik AB, Manfredini & Schianchi Srl, Prater Industries, Kurimoto Group, Hosowaka Micron Corporation, Rasa Corporation, Lehra Fuel Tech Pvt Ltd, Perkin Elmer, Kahl & Schlichterle, Schenck Process Holding Ltd Gmbh, Gebr Bellmer Gmbh Maschinenfabrik and Doppstadt.
Country-wise Insights
What is the U.S. Hammer Mill Market Outlook?
“Manufacturers in the U.S. are Preferring Hammer Mill Grinders”
The U.S. held around 79.4% of the North America hammer mill market in 2021. Breakfast cereals are the most common item purchased in grocery stores in the U.S. Almost 283 million U.S individuals consume breakfast cereal. Every year the consumption of cereals tends to increase in the U.S as it available easily and is a healthy option.
To reach a larger audience, a growing number of firms are transforming their cereals into bars that can be consumed without milk at any time and at any location. Growing demand for cereal is boosting the hammer mill market as they play a vital role in the production of cereals.
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What is Driving the China Hammer Mill Market?
“Increasing Adoption of Electric Hammer Mills in China Will Fuel Growth”
China held around 63.3% of the East Asia hammer mill market in 2021.The growth in the market is primarily driven by its usage in pharmaceutical sector.
The pharmaceutical market in China is similarly extremely fragmented, with approximately 5,000 producers, the majority of which are small and medium-sized businesses. Since joining the World Trade Organization, China’s pharmaceutical industry has made significant development. China’s healthcare industry has also grown, making it vital R&D center.
With government incentives and public insurance, China’s pharmaceutical business is expanding. Hammer mills are used to process wet and dry granulation and powder mixtures, also milling pharmaceutical raw materials, herbal medicines, and sugar. This is expected to continue pushing sales of hammer mills.
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