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Crushing, Screening, and Mineral Processing Equipment Market Rise in development of domestic infrastructure &mining activities

03-09-2020 04:18 PM CET | Industry, Real Estate & Construction

Press release from: allied market research

Crushing, Screening, and Mineral Processing Equipment Market

Rise in investment by government and other firms for development of domestic infrastructure &mining activities, increased demand for metals & minerals, growing innovations such as automation, controlled costs such as elimination of high labor cost & time, and emergence of mining automation software drive the growth of the market.

The research offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition. According to the report, the global crushing, screening, and mineral processing market generated $19.12 billion in 2017 and is expected to reach $33.11 billion by 2025, growing at a CAGR of 6.8% from 2018 to 2025.

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Construction and plant modification segment to be dominant, mining segment to exhibit the fastest growth

Among applications, the construction and plant modification segment was the largest revenue generator, capturing almost half of the market share in 2017 and is likely to dominate the market through 2025. Crushing & screening equipment play a vital role in the construction industry as they provide vital aggregates required for concrete production as well as road construction.

Crushing and screening equipment segment to be lucrative through 2025

Among product types, the crushing and screening equipment segment grabbed 69.7% of the market share in 2017 and would maintain its revenue lead through 2025. The same is expected to register the fastest CAGR of 7.5% during the forecast period. This is due to the growing demand for jaw crushers, cone crushers, and impact crushers.

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Asia-Pacific to dominate and achieve the fastest growth through 2025

The market in Asia Pacific grabbed the largest share of 49.7% in 2017 and is likely to maintain its dominance through the forecast period, 2018-2025. It is also expected to witness the fastest CAGR of 7.4% during the study period. The growth in infrastructure development projects such as railway ballast, national highways, dams, airports, expressways, and construction industry are the major factors that drives the market for crushers and screeners in this region.

Key Findings of the Crushing, Screening and Mineral Processing Equipment Market:
o In 2018, crushing and screening equipment segment dominated the global crushing, screening, and mineral processing equipment market, in terms of revenue, and is projected to grow at a CAGR 7.5% during the forecast period.
o The portable mining equipment segment is projected to grow at a CAGR of 5.9% during the forecast period.

Key players of the industry

Leading market players analyzed in the research include Terex Corporation, Sandvik AB, Astec Industries, Inc., Kleemann GMBH, Mccloskey International, Metso Corporation, Screen Machine Industries, Eagle Crusher, and Rubble Master. These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to gain a strong position in the industry.

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Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research/

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