Press release
Mobile Crushers and Screeners Market Growth Statistics & Future Prospects by 2030 | Komatsu Ltd., Sandvik AB
Mobile Crushers and Screeners Market
Key players that operate in this market include Komatsu Ltd., Sandvik AB, SBM Mineral processing, Kleemann GmbH, McCloskey International, Anaconda Equipment Ltd., Metso Corporation, Astec Industries Inc., and Lipmann Milwaukee, Inc.
AMR Says:
The global mobile crushers and screeners market size was valued at $2.46 billion in 2020 and is projected to reach $4.35 billion by 2030, growing at a CAGR of 5.7% from 2020 to 2030.
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Key Points for Segmentation Based On:
The market for mobile crushers & screeners is segmented on the basis of product type, end user, and region.
On the basis of product type - it is categorized into mobile crushers and mobile screeners.
Mobile crushers are further categorized into jaw crushers, cone crushers, impact crushers, and others; while mobile screeners are further classified into gyratory and vibrating screeners.
Mobile crushers generated the highest revenue in 2020, accounting for 73.1% of the overall market.
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Key factors that drive the market for mobile crushers include low transportation cost, rapid increase in urbanization as a result of growth in population, and huge investments by governments in the infrastructure sector.
Among mobile crushers type, the jaw crushers segment occupied largest market share of 45.1%, followed by impact crushers with 28.2% in 2020.
The dominant share of jaw crushers is attributed to high operational reliability, low maintenance requirements, and easy replacement of wear & tear plants.
By end user - the market is segregated into stone quarry, construction, mining, recycling material, and others.
On the basis of region - the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA Asia-Pacific accounted for highest revenue in 2020, accounting for 58.9% share of the overall market.
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Growth Factors:
Mobile crusher & screeners are designed for crushing mineral ores or stones, recycling construction waste, and producing aggregate. Rise in demand for mobile crushers and screeners for quarry applications, as well as mining, and construction. Mobile crushers and screeners market growth are used for improving productivity of mining operations, have high efficiency, and low maintenance as compared to other kinds of crushing and screening equipment. This equipment are used for breaking stones into small pieces and screeners are used to sort stones. They can also be used for secondary and tertiary crushing to produce the finished product. By utilization of mobile equipment, crushing and screening process can be conducted at the site, which can significantly reduce costs associated with transportation of materials in case of stationary applications.
Covid-19 Impacts on Business:
net sales of Sandvik AB dropped by 13.9% from January 2020 to December 2020. In addition, lack of man power and raw materials affected supply chain of the global mobile crushers and screeners market. However, the market is projected to recover from the 1st quarter of 2022, owing to reduced restrictions and reopening of the global mobile crushers and screeners industry. Moreover, in 2021, with the availability of vaccine against COVID-19, the market re-opened at full pace with a start of 2022.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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