According to a new report published by Allied Market Research, titled, “mobile crushers and screeners market by product type, Solutions, and end-user: global opportunity analysis and industry forecast, 2021–2030,”
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.
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.
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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. 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. The stone quarry segment generated highest revenue, accounting for 64.1% in 2020, owing to rise in demand for infrastructure development for residential, commercial, and industrial construction in developing countries such as China, India, Indonesia, the Philippines, and Malaysia.
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. Government support for infrastructure projects in major countries such as China, India, Malaysia, and South Korea and increase in construction projects in China and India have fueled the market growth.
Key players that operate in this market include Komatsu Ltd., Sandvik AB, Terex Corporation, SBM Mineral processing, Kleemann GmbH, McCloskey International, Anaconda Equipment Ltd., Metso Corporation, Astec Industries Inc., and Lipmann Milwaukee, Inc.
Several manufacturers in the global mobile crushers and screeners market stopped their business activities in 2020, owing to lockdowns implemented in developed and developing countries and ban on industrial activities due to the COVID-19 pandemic. This halt in production activities impacted the revenue of the mobile crushers and screeners manufacturing companies. For instance, 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.
Key Findings Of Study
- The report provides an extensive analysis of the current and emerging global mobile crushers and screeners market trends and dynamics.
- By product type, the mobile crushers segment dominated the market in terms of revenue in 2020.
- By solutions, the products segment registered the highest growth in terms of revenue in the global mobile crushers and screeners market share in 2020.
- By end user, the stone quarry segment is projected to register the highest growth rate in the coming years.
- The report provides an extensive analysis of the trends and emerging mobile crushers and screeners market opportunities.
- In depth, the global mobile crushers and screeners market analysis is conducted by constructing estimations for the key segments between 2020 and 2030.
Get detailed COVID-19 impact analysis on the Market @ https://www.alliedmarketresearch.com/mobile-crushers-and-screeners-market