The Hammer Mill Market is projected to reach a value of USD 3,389.5 million in 2023. Over the next decade, from 2023 to 2033, the market is expected to grow at a compound annual growth rate (CAGR) of 5.3%, with its total value anticipated to reach USD 5,677.3 million by 2033.
The rising demand for processed food products and the rapid growth of key industries, particularly agriculture and food & beverages, are major factors driving the global market’s upward trajectory.
Hammer mills are essential in various industries due to their ability to reduce the size of materials such as grains, minerals, and biomass. Their versatility makes them highly valuable in sectors like agriculture, mining, pharmaceuticals, and food processing.
These machines, available in various sizes, play a crucial role in improving production efficiency by delivering uniform material size reduction. The growing agriculture and food & beverage industries are witnessing increased adoption of hammer mills, driven by rising demand for processed foods due to population growth and economic development.
To meet this demand, hammer mill manufacturers are investing in the development of more efficient and scalable production facilities. These efforts include optimizing production processes, ensuring stringent quality control, and expanding production capacity to cater to diverse customer needs.
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 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
- Hosokawa Micron Corporation
- Rasa Corporation
- Lehra Fuel Tech Pvt Ltd
- Perkin Elmer
- Kahl & Schlichterle
- Schenck Process Holding Ltd Gmbh
- Gebr Bellmer Gmbh Maschinenfabrik
- Doppstadt
Key Segments Covered in Hammer Mill Analysis
Product Type:
- Lump Breakers
- Gravity Discharge
- Pneumatic Discharge
- Full Circle Screen
- Horizontal In-Feed
Capacity:
- Upto 100 kg/h
- 100 to 500kg/h
- 500 to 1000kg/h
- 1000 to 3000kg/h
- 3000 to 6000kg/h
- 6000 to 10000kg/h
- Above 10000
Application:
- Fine Milling
- Coarse Milling
End Use Industry:
- Agriculture
- Food and Feed
- Metals and Mining
- Energy and Power
- Scrap Recycling
- Chemicals
- Pharmaceutical
- Others
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Report Preview: https://www.futuremarketinsights.com/reports/hammer-mill-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
