Crushing, Screening, and Mineral Processing Equipment Market to Reap Excessive Revenues by 2025

Allied Market Research recently published a report, titled, Crushing, Screening, and Mineral Processing Equipment Market by Type (Crushing & Screening Equipment and Mineral Processing Equipment), Application (Construction & Plant Modification, Mining, Foundries & Smelters, and Others), and Mobility (Stationary, Portable (wheeled), and Mobile (tracked)): Global Opportunity Analysis and Industry Forecast, 2018 - 2025.

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.

The crushing & screening equipment segment has secured the highest share of about 69.7% in the crushing, screening, and mineral processing equipment market Size in 2017, and is expected to grow at a CAGR of 7.5% during the forecast period. In terms of application, construction & plant modification sector is expected to contribute the highest market share in the coming years. Moreover, increase in emphasis on mining sector is expected to provide wide growth opportunities to small players in developing economies.

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The crushing, screening, and mineral processing equipment are used for crushing stones or mineral ores, recycling construction waste, and producing aggregate in the mining and construction industries. It includes jaw crushers, grinding rolls, horizontal screens, impactor, cone crushers, graders, mixers, etc. It is majorly used in mining operations. Moreover, it is also used in various operations in the construction sector. The crushing, screening, and mineral processing equipment market is primarily driven by rise in mining activities to meet the demand for metal and minerals.

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.

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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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