Press release
At 5.6% CAGR | Crushing, Screening & Mineral Processing Equipment Industry Projected to Reach $40.55 Billion by 2031
Crushers, screeners, and mineral processing machinery are essential for reducing large stones, ores, and construction waste into smaller, manageable sizes and transforming waste into reusable or disposable forms. These machines are also widely used for secondary and tertiary crushing, compressing materials between solid surfaces to produce finished products suitable for construction or industrial use.Mineral processing encompasses multiple stages of the beneficiation chain, including exploration, mining, extraction, processing, smelting, refining, and semi-fabrication, leading to final product manufacturing. The rising demand for metallic and non-metallic minerals is a key factor driving the growth of the global crushing, screening, and mineral processing equipment market.
Allied Market Research has published a report titled, "Crushing, Screening, and Mineral Processing Equipment Market by Type (Crushing, Screens, Other Processing Equipment), Application (Construction, Mining, Recycling, Others), Mobility (Stationary, Mobile-Wheeled, Mobile-Tracked), Sales Type (New Equipment, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the study, the global market was valued at $20.61 billion in 2020 and is projected to reach $40.55 billion by 2032, registering a CAGR of 5.6% from 2023 to 2032.
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Key Market Drivers
Growth is fueled by:
Rising construction activities
Increasing mining operations
Low transportation costs of mobile equipment
Constraints include inadequate infrastructure, while demand for technologically advanced crushing, screening, and mineral processing equipment presents new opportunities.
Segment Analysis
By Type
The crushing segment held the largest revenue share in 2022, representing around 60% of the market, and is expected to maintain leadership. Crushers are essential for reducing raw material size for further processing.
The screens segment is anticipated to record the highest CAGR of 6.5% from 2023 to 2032, due to versatility in sizes and configurations for different materials and production volumes.
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By Application
The construction segment held the largest market share in 2022, accounting for nearly 50% of revenue, and is expected to maintain dominance, as construction projects benefit greatly from these machines.
The mining segment is projected to exhibit the highest CAGR of 6.5%, as advanced crushing and mineral processing techniques enhance recovery rates and maximize economic benefits.
By Mobility
Mobile-wheeled equipment accounted for nearly 40% of the market in 2022 and will continue to lead, thanks to easy transport between job sites.
Mobile-tracked machines are expected to grow fastest with a CAGR of 6.9%, offering superior stability on uneven terrains like mining or construction sites.
Regional Insights
Asia accounted for about 40% of the market revenue in 2022 and is projected to continue leading through 2032, with a CAGR of 6.4%. Rapid urbanization and infrastructure development in countries like China and India are driving demand for construction aggregates produced by these machines.
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Leading Market Players
Key companies in this sector include:
Eagle Crusher Company, Inc.
FLSmidth & Co. A/S
Kleemann GmbH
McCloskey International Ltd.
Metso Outotec Corporation
Rubble Master Hmh GmbH
Sandvik AB
Screen Machines Industries, LLC
ThyssenKrupp AG
These players employ strategies like new product launches, expansion, acquisitions, and collaborations to strengthen their market position. The report provides insights into business performance, product portfolios, operating segments, and strategic initiatives for these leading companies.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" 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.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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