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Global Mobile Crushers and Screeners Market Analysis and Trends 2024
Mobile Crushers and Screeners Market Analysis
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According to The Business Research Company's, The mobile crushers and screeners market size has grown strongly in recent years. It will grow from $2.94 billion in 2023 to $3.14 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to low transportation costs, rapid urbanization, environmental concerns, urbanization trends.
The mobile crushers and screeners market size is expected to see strong growth in the next few years. It will grow to $4.01 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to growth of the global mining industry, expansion of construction activities, regulatory compliance, increasing infrastructure investments. Major trends in the forecast period include technological advancements, advanced equipment innovation, product launches, mergers and acquisitions.
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Market Drivers and Trends:
Rapid urbanization is expected to propel the growth of the mobile crushers and screeners market going forward. Urbanization is the method by which cities develop and a greater proportion of the population moves to the city. The rapid urbanization has compelled governments to spend in infrastructure projects such as the construction of bridges, flyovers, housing, and railroads, which has aided market expansion in the construction and crushing machine segments. For instance, in 2021, according to United Nations, a US-based intergovernmental organization, 56.61% of the world's population will live in urban areas, a proportion expected to increase to 68% by 2050. Therefore, rapid urbanization is driving the growth of the mobile crushers and screeners market.
Product innovation is a key trend gaining popularity in the mobile crushers and screeners market. Major companies operating in the mobile crushers and screeners market are focused on developing new product solutions to strengthen their position in the market. For instance, in May 2021, KOMATSU Europe, a Belgium-based company operating in mobile crushers and screeners, launched the new BR380JG-3 mobile jaw crusher which provides net-zero CO2 emissions through a CO2 offsetting scheme, which has been applied to each machine sold in Europe. This provides unique features such as fleet management and support, protecting the machine against misuse and guaranteeing maximum efficiency and uptime. The net-zero CO2 emissions BR380JG-3 would incorporate a new two-axis type deck vibrat*or, which will ensure a smooth continuous flow of material to the highly efficient two-stage grizzly separator bars.
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Major Key Players of the Market:
Komatsu Ltd, Atlas Copco Group, Sandvik AB, Metso Corporation, Maximus Crushing & Screening Ltd., Tere*x Finlay, Astec Industries, Kleemann GmbH, McCloskey International Ltd., Eagle Crusher Company Inc., Keestrack N.V., Lippmann Milwaukee, Inc., Striker Australia Pty Ltd., Shanghai Zenith Company, IROCK Crushers LLC, Powerscreen Crushing & Screening LLC, Portafill International Ltd., Hartl Engineering & Marketing GmbH, Tesab Engineering Ltd., SBM Mineral Processing GmbH, KPI-JCI and Astec Mobile Screens, Meka Crushing & Concrete Batching Technologies, Anaconda Equipment International Ltd, EvoQuip, Rockster Austria International GmbH, Beyer GmbH, Dragon Machinery Ltd., Fabo Company, General Machinery Co Inc., R.R. Equipment Company, Red Rhino Crushers (UK) Ltd., Rubble Master HMH GmbH, Shanghai Shibang Machinery Co, Ltd.
Mobile Crushers and Screeners Market 2024 Key Insights:
• The mobile crushers and screeners market size is expected to see strong growth in the next few years. It will grow to $4.01 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
• Rapid Urbanization Shapes The Future Of Crushers And Screeners Market
• Industry Players Elevate Market Positions Through Product Innovation
• Asia-Pacific was the largest region in the mobile crushers and screeners market in 2023 and is expected to be the fastest-growing region in the forecast period
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