Global Mobile Crushers and Screeners Market to Reach US$2.64 bn by 2023, Increasing Urbanization Drives Growth

A research study, recently published by Transparency Market Research (TMR), estimates the global mobile crushers and screeners market to expand at a moderate CAGR of 2.72% over the period from 2015 to 2023 and reach US$2.64 bn by the end of the forecast period.The research report, titled “Mobile Crushers and Screeners Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023,” states that the worldwide market for mobile crushers and screeners attained a value of US$2.08 bn in 2014.

Complete Mobile Crushers and Screeners Market Report with TOC : http://www.transparencymarketresearch.com/mobile-crushers-screeners-market.html

Mobile crushers and screeners are small-scale stationary equipment used for crushing and screening (the procedure of separating grainy ore material by size) huge rocks and converting them into small rock particles. The rapid rise in population has created a need for residential space across the world. To meet the requirement, mountains are being cut, creating a huge demand for mobile crushers and screeners in the global arena.

The increasing urbanization, infrastructural developments, and the rise of the construction industry are the key factors propelling the growth of the global mobile crushers and screeners market.

The research report evaluates the global market for mobile crushers and screeners on two fronts: Product and the regional distribution of this market. On the regional basis, the worldwide mobile crushers and screeners market has been segmented into North America, Asia Pacific, Europe, and the Rest of the World.

Asia Pacific led the global market for mobile crushers and screeners with a share of 43.89% in 2014. The rapid infrastructural rise in India and China has been driving the mobile crushers and screeners market in Asia Pacific over the last few years. The Rest of the World market has also witnessed significant growth in the recent past. In 2014, the regional market acquired the second position in the global market, owing to the increasing urbanization and the rise of the construction industry in Argentina, Brazil, and Nigeria, notes the market study.

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Further, the report states that while the North America mobile crushers and screeners market is likely to witness steady growth, the market in Europe is projected to decline in the coming years, owing to the decreasing economy in this region.

Based on products, the report classifies the global mobile crushers and screeners market into mobile crushers and mobile screeners. In 2014, the mobile crushers segment led the worldwide market with a share of 72.68% while the mobile screeners segment occupied a share of 27.32% in the overall market. Analysts anticipate the share held by this segment to further decline to 24.31% by the end of the forecast period, whereas the former is likely to rise to 75.69%.

RUBBLE MASTER HMH GmbH, Anaconda Equipment International Ltd., SBM Mineral Processing GmbH, Hartl Property Holding GmbH, Atlas Copco, Keestrack N.V., McCloskey International Ltd., Kleemann GmbH, Metso Corp., Portafill International Ltd., and Sandvik AB are the major participants in the global mobile crushers and screeners market, states the research report.

The global mobile crushers and screeners is segmented into:

By Product

Mobile Crushers
Mobile Screeners

By Region

Asia Pacific
North America
Europe
Rest of the World

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This release was published on openPR.