Crushing, Screening, and Mineral Processing Equipment Market to Reach $32.10 Bn by 2030 | Business Outlook

Crushers, screeners, and mineral processing equipment are essential machinery used in the mining, construction, and recycling industries to process and sort various materials. These machines play a crucial role in breaking down large rocks, minerals, and other raw materials into smaller, more manageable sizes and ensuring the quality and purity of the final product.

The global crushing, screening, and mineral processing equipment industry was pegged at $18.98 billion in 2010, and is estimated to reach $32.10 billion by 2030, growing at a CAGR of 5.2% from 2021 to 2030.

Drivers, restraints, and opportunities
Rise in growth of the construction industry, low transport cost of mobile equipment, rise in mining activities, and growth in urbanization due to surge in population have boosted the growth of the global crushing, screening, and mineral processing equipment market. However, rise in level of carbon emission and inadequate industry infrastructure hinder the market growth. On the contrary, surge in demand for technologically-advanced equipment and rise in government investments in the infrastructure sector are expected to open new opportunities for the market players in the future.

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Crusher, screeners and mineral processing equipment are mainly used for crushing stones or mineral ores, recycling construction waste, and producing aggregate. These equipment aim to reduce large solid raw material masses into smaller size. It also helps to change waste material form so that they can be simply disposed or recycled. They can also be used for secondary and tertiary crushing to produce the finished product and also aim to crush materials between two parallel solid surfaces. Mineral processing mainly encompasses various stages in mineral beneficiation chain.

Main activities in mineral processing includes exploration, mineral extraction/mining, mineral processing, smelting, refining, semi fabrication followed by final product manufacture. Growth in demand for metallic and non-metallic minerals boosts the growth of the mineral processing equipment market during the forecast period.

Key Segments:

By Type -
Crushing & Screening Equipment
Mineral Processing Equipment

By APPLICATION -
Construction & Plant Modification
Mining
Foundries & Smelters
Others

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The global crushing, screening and mineral processing equipment market is segmented based on type, application, mobility, and region. Depending on type, the market is divided into crushing and screening equipment and mineral processing equipment. In 2020, crushing and screening equipment held the largest market share owing to the increase in demand for jaw crushers and rise in adoption of cone crushers in mining and construction industry. By application, it is divided into construction and plant modification, mining, foundries & smelters, and others. Mining is expected to experience robust growth during the forecast period owing to increase in in mining activities at a global scale. By mobility, the market is segmented into stationery, portable, and mobile.

In 2020, the portable segment held the largest market revenue share owing to the increase in demand for high capacity wheeled plants that range between 250-300-350 tph. Hence, the requirement for portable segment is expected to increase with the rise in demand from bigger projects, during the forecast period. Government support for various infrastructure projects in major countries such as China, India, Malaysia, and South Korea and increase in construction projects in China and India is expected to foster the market growth.

Top Players in The Market -

The key players operating in this market include Sandvik AB, Astec Industries, Inc., Kleemann GMBH, Mccloskey International, Metso Corporation, Screen Machine Industries, Eagle Crusher, and Rubble Master.

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