Press release
Global Mobile Crushers and Screeners Market Analysis, Trends, and Forecast from 2023-2033
The market for mobile crushers and screeners was valued at US$ 2.87 Billion in 2022, and by 2033 it is anticipated to have grown steadily at a CAGR of 7.8% to be worth close to US$ 6.81 Billion.The mobile crushers and screeners market refers to the sales revenue generated by the sale of mobile crushers and screeners to customers. These mobile machines are used in mining and construction industries to crush rocks and other materials. The market is expected to grow in the coming years due to increasing demand for these machines in various industries, as well as advancements in technology that make them more efficient and effective. Factors such as increasing urbanization, rising construction and mining activities, and rising demand for crushed materials in various industries are also expected to drive the market growth.
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Key Takeaways of Mobile Crushers and Screeners Market Study
With urban infrastructure development, the mobile crushers segment is expected to witness robust growth in the global mobile crushers and screeners market. Jaw crushers, cone crushers, and impact crushers fall into the category of mobile crushers. Jaw crushers are the most preferred ones under this categorization.
The outcome of the growth of infrastructure in various emerging economies of South East Asia & Pacific is large-scale foreign investment, which subsequently drives the demand for mobile crushers and screeners for infrastructure projects across different sectors. Certain government-initiated infrastructure schemes are ushering constructional activities in the public works department targeting the mining and construction equipment industry.
The mining segment is projected to dominate the market, as it encourages advanced technical features along with higher equipment efficiency in mobile crushers and screeners.
Customization of mobile crushers and screeners as per builders' specifications for the landscaping of specific sites is expected to create a positive impact on the global market, considering the versatility of the equipment.
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Mobile Crushers and Screeners Market: Competition Overview
The mobile crushers and screeners market has become increasingly competitive, as manufacturers are looking to lower transportation costs and increase efficiency through the use of customized and modern mobile crushers and screeners.
Key players involved in the mobile crushers and screeners market are Metso Corporation, Sandvik AB, ASTEC INDUSTRIES, INC., McCloskey International, Kleemann GmbH, SBM Mineral Processing GmbH, Thyssenkrupp AG, Keestrack NV, Rubble Master HMH GmbH, Striker Australia Pty Ltd, and Tesab Engineering Ltd, among others.
Long-term Outlook
With flourishing constructional activities in almost all industrial manufacturing processes, it is anticipated that the volume of concrete debris will continue to increase, and the recycling of such debris will be further promoted in the near future. This, in turn, broadens the application scope of mobile crushers and screeners. Furthermore, mobile crushers and screeners are given preference in terms of specializing the demolition of concrete structures. Mobile crushers and screeners are expected to set up a new range of business opportunities for contractors, quarry operators, recycling, and mining applications.
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