Mar 28, 2022   SOURCE: BusinessWire

The Worldwide Crushing, Screening and Mineral Processing Equipment Industry Is Projected to Reach $32 Billion by 2030 - ResearchAndMarkets.com

The "Crushing, Screening and Mineral Processing Equipment Market by Type, Application and Mobility: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global crushing, screening and mineral processing equipment was valued at $18,980.9 million in 2020 and is projected to reach $32,103.4 million by 2030, growing at a CAGR of 5.2 % from 2020 to 2030.

Crushing equipment is mainly used to reduce size of materials. It is usually part of material handling systems or plants. Crushing equipment mainly finds application in various end-user industries that include mining, mineral processing, rock quarries, and recycling. Increase in adoption and demand for jaw and cone crushers majorly drive the growth of the global crushing equipment market during the forecast period. Screening equipment is mainly used to separate raw materials from crushers into finer grades. Construction aggregates, mining and mineral processing are the largest users of screening equipment.

Crushing, screening and mineral processing equipment manufacturers are expecting higher sales owing to the increase in demand for stationary and wheeled product lines. The manufacturers are working on various marketing strategies, followed by product offering, to meet the growth in requirement for stationary and wheeled units. Increase in demand and adoption of mobile crushing, screening and mineral processing equipment is another factor expected to drive the growth of the global market. Mobile equipment also aims to reduce material transport cost.

Rise in construction and infrastructure development in LAMEA and Asia-Pacific regions also propel the growth of this market during the forecast period. Price, quality, and brand image are important factors that drive the demand for this equipment, thereby facilitating the manufacturers to stay in a competitive advantage. The industry is also custom oriented and the manufacturers are focusing on delivering customized crushing, screening and mineral processing equipment as per consumer requirement.

Key Benefits

  • The report provides an extensive analysis of the current and emerging global crushing, screening and mineral processing equipment market trends and dynamics.
  • In-depth market analysis is conducted by global crushing, screening and mineral processing equipment market estimations for the key market segments between 2020 and 2030.
  • Extensive analysis of the global crushing, screening and mineral processing equipment market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global crushing, screening and mineral processing equipment market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps to understand the competitive outlook of the global crushing, screening and mineral processing equipment market

Market Dynamics

Drivers

  • Increase in demand for construction industry
  • Growth in urbanization as a result of increasing population
  • Rise in mining activities
  • Low transportation cost of mobile equipment

Restraints

  • Inadequate industry infrastructure
  • Increase in level of carbon emission

Opportunities

  • Increase in government investments in infrastructure sector
  • Increase in demand for technologically advanced crushing, screening and mineral processing equipment

Market Segments

By Type

  • Crushing and Screening Equipment
  • Mineral Processing Equipment

By Application

  • Construction and Plant Modification
  • Mining
  • Foundries and Smelters
  • Other

By Mobility

  • Stationary
  • Portable
  • Mobile

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • Italy
  • UK
  • France
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Companies Mentioned

  • Terex Corporation
  • Sandvik AB
  • Astec Industries, Inc.
  • Kleemann GMBH
  • Mccloskey International
  • Metso Corporation
  • Screen Machine Industries
  • Caterpillar Inc
  • Eagle Crusher
  • Rubble Master

For more information about this report visit https://www.researchandmarkets.com/r/f6yaan