Crushing, Screening, And Mineral Processing Equipment

The global crushing, screening, and mineral processing equipment market size was US$ 19986.8 million in 2021. The global crushing, screening, and mineral processing equipment market size is forecast to reach US$ 32,105.4 million by 2030, growing at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2021 to 2030.

The crushing process involves pressing, pounding, or grinding hard materials into small pieces. Crushing equipment is used to reduce the size of hard wastes and enable easy recycling. In addition, it helps differentiate between pieces of different compositions.

The primary purpose of screening is to separate coarse materials. In a final process, it separates the different sizes of material. Cone crushers, horizontal shaft impact crushers, and jaw crushers are the three types of crushers and screeners. In addition, mineral processing equipment falls into four categories: grinding machines, spiral classifiers, magnetic separation, and spiral dewatering. Additionally, mining, foundries, and smelters all use crushing, screening, and mineral processing equipment.

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Factors Influencing Market GrowthFossil fuels are in short supply, and strict government standards on carbon emission reductions have increased the demand for cost-efficient, and energy-efficient renewable energy sources, such as solar energy, which is driving the global market growth.

The growing urban population is likely to increase the demand for natural resources and oil, which will increase the demand for mineral processing equipment, thus boosting the market.

There is a likelihood that fluctuating raw material prices and strict government regulations and tariffs will slow down the global market growth.

The demand for technologically advanced mining equipment is forecast to lead to lucrative growth opportunities for the global crushing, screening, and mineral processing equipment markets.

Impact Analysis of COVID-19

Due to construction bans implemented in both developed and developing countries, several companies operating in the global crushing, screening, and mineral processing equipment market ceased operations.

The halt in production activities negatively affected the businesses revenue that manufactures crushing, screening, and mineral processing equipment. Lack of manpower and raw materials also affected the global crushing, screening, and mineral processing equipment market. Therefore, these factors have negatively affected the global market.

Regional Insights

In 2021, Asia-Pacific held a dominant position in the industry, and it is forecast to grow at an exceptional rate during the forecast period. Price, quality, and brand image are all factors that drive the demand for this equipment, allowing manufacturers to remain competitive.

The industry is also customer-oriented, and manufacturers focus on delivering customized crushing, screening, and mineral processing equipment according to customer specifications. An increase in mining-related activities in Asia-Pacific, along with a rise in the demand for crushing, screening, and mineral processing equipment for applications such as metal mining, coal mining, and mineral mining, fuels the growth of the crushing, screening, and mineral processing equipment market.

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Leading Competitors

The leading prominent companies profiled in the global crushing, screening, and mineral processing equipment market are:

Sandvik AB
Astec Industries, Incorporated
Kleemann GMBH
Mccloskey International
Metso Corporation
Screen Machine Industries
Caterpillar Incorporated
Eagle Crusher
Rubble Master
Other Prominent Players

Scope of the Report

The global crushing, screening, and mineral processing equipment market segmentation focuses on Type, Application, Mobility, and Region.

Segmentation based on Type

Crushing & Screening Equipment
Mineral Processing Equipment

Segmentation based on Application

Construction & Plant Modification
Mining
Foundries & Smelters
Others

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Segmentation based on Mobility

Stationary
Portable
Mobile

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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We will help you in finding the upcoming trends that will entitle you as a leader in the industry. We are here to work with you on your objective which will create an immense opportunity for your organization. Our priority is to provide high-level customer satisfaction by providing innovative reports that enable them to take a strategic decision and generate revenue. We update our database on a day-to-day basis to provide the latest reports. We assist our clients in understanding the emerging trends so that they can invest smartly and can make optimum utilization of resources available.

About Quadintel:

We are the best market research reports provider in the industry. Quadintel believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Quadintel is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.

We will help you in finding the upcoming trends that will entitle you as a leader in the industry. We are here to work with you on your objective which will create an immense opportunity for your organization. Our priority is to provide high-level customer satisfaction by providing innovative reports that enable them to take a strategic decision and generate revenue. We update our database on a day-to-day basis to provide the latest reports. We assist our clients in understanding the emerging trends so that they can invest smartly and can make optimum utilization of resources available.

This release was published on openPR.