Global mobile crushers and screeners market was valued US$ 2.41 Bn in 2018 and is expected to reach US$ 3.34 Bn with a CAGR of 3.7% from 2019 to 2027. Rising investment in construction industry at globally, will boost the sales of mobile crushers and screeners. Growing urbanization in developing economies including China, India, Brazil, South Africa and Mexico are likely to boost construction activities significantly in coming years. Moreover, rising number of non-residential projects at global level will also drive the market in the next few years.
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Demand of Mobile Crushers Segment Is High At Global Level
In product segment, mobile crusher segment was valued to be the largest market in 2019 and is expected to maintain its dominance in coming years. In 2018, this segment accounted for a share of over 70%. Rapid growth in building and road construction activities at global level will propel the market demand.
Mobile Crusher market was valued of US$1.65 bn in 2018 and forecasted to reach US$ 2.25 bn by 2027, rising at a CAGR of 3.2% during the period from 2019 to 2027.
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Demand for Mobile Crushers and Screeners to Remain High in Asia Pacific
In terms of geography, global mobile crushers and screeners market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Growing investments in the construction industry is expected to boost the application of these crushers and screeners in the U.S., Canada, and Mexico, whereas the growing urbanization is expected to influence their demand in the UAE, Brazil, Nigeria, and Argentina. On the other hand, the economic slowdown in Europe is projected to result in the decline in construction activities, thereby decreasing the demand for these crushers and screeners.
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Asia Pacific accounted for the leading region in mobile crushers and screeners in 2018. It has been estimated that Asia Pacific accounted for 43.8% of the global share. Increasing infrastructural developments in China and India are the primary driving forces behind the rising demand for mobile crushers and screeners in Asia Pacific.
The market size for mobile crushers and screeners in Asia Pacific is estimated to increase at a CAGR of 3.1% from 2019 to 2027.
Some of the key players operating in mobile crushers and screeners market across the world are
- Atlas Copco Group
- Anaconda Equipment International Ltd.
- McCloskey International Ltd.
- Hartl Property Holding GmbH
- Metso Corp.
- Kleemann GmbH
- Portafill International Ltd.
- Sandvik AB
- RUBBLE MASTER HMH GmbH,
- SBM Mineral Processing GmbH.
High Demand for Use in Mining and Construction Sector to Boost Mobile Crushers and Screeners Market
Mobile crushers and screeners are getting prominence in the mining and construction, as well as commercial quarry uses, as a result of increased demand from the road construction business. In comparison to other types of crushing and screening equipment, mobile crushers and screeners provide better productivity at lower cost due to their low maintenance and high performance. Due to growing operating costs and a shortage of manpower, the global mobile crushers and screeners market for mining materials and construction is anticipated to rise during the forecast period. The transition from stationary crushing plants to mobile crushers and screeners is owing to the accelerated adoption of automation and mobile technology. Over the forecast period, this activity of quarry operators and builders is expected to drive development of the global mobile crushers and screeners market.
Increasing Significance in Environmental Recycling to Open up Ample Opportunity for Market Growth
Mobile crushers and screeners are designed to substitute stationary stone-crushing equipment and plants. In recent years, these crushers and screeners have played a key role in driving the expansion of the global mobile crushers and screeners market in environmental recycling field by significantly recycling waste from demolished concrete structures. The market for mining materials is pushed by the necessity to lessen operating costs. This is accomplished by carrying raw materials to a stationary crusher site in a short amount of time, and then moving crushed rock to a specified site for further processing or activity. These activities require the use of mobile crushers and screeners for improved productivity, which is likely to augur well for the market.
The sales of mobile crushers and screeners are expected to play a considerable role in promoting better quality, flexibility, innovative products, and after-sales support. In order to ensure an influential stance in the competitive market, companies are also focusing on expanding their manufacturing capabilities and geographic scope through the use of research and development.
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