PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1587076
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1587076
The global mobile crushers and screeners market, valued at an estimated US$ 3.34 billion in 2024, is anticipated to experience significant growth over the coming years, driven by various economic and technological advancements. Projections indicate a steady compound annual growth rate (CAGR) of 8.8%, with the market forecasted to reach around US$ 6.03 billion by 2031. This expansion is primarily attributed to rising investments in infrastructure projects, development of smart cities, and increased mining activities worldwide.
With the surge in global construction and mining projects, there is a substantial demand for mobile crushing and screening equipment to meet the requirements of construction aggregates. Mobile crushers and screeners offer a practical solution to on-site crushing, allowing for reduced transportation costs and greater operational flexibility. As countries focus on expanding their infrastructure, including highways, rail networks, airports, and dams, the demand for these machines is expected to grow.
Drivers of Market Growth
Mobile crushers and screeners enable on-site crushing, which significantly reduces transportation costs associated with moving raw materials to processing facilities. This reduction in logistical expenses is a key factor driving demand in the global market. Additionally, advancements in the ergonomic design of these machines enhance worker safety and reduce operational costs related to labor and fuel consumption.
Governments in key growth regions such as China, India, and South Korea are prioritizing infrastructure. China's five-year plan emphasizes highways, airports, and pipelines, while India's expanding construction landscape includes roads, residential buildings, and commercial spaces. As a result, the demand for screening and crushing equipment is projected to rise, driven by rapid urbanization and economic activities.
Technological innovations are paving the way for the development of more efficient, high-capacity mobile crushers and screeners. Electric-powered equipment reduces fuel costs, while features such as automation, remote control, and enhanced safety make these machines appealing investments for operators. Manufacturers are also focusing on product differentiation to meet specific industry requirements.
Business Opportunity
The rising adoption of automation and mobile technologies in construction and mining provides a lucrative business opportunity for manufacturers. Mobile crushers and screeners offer operational versatility and efficiency for multiple applications, from construction and mining to recycling. Furthermore, as regulations push for eco-friendly construction practices, the demand for advanced construction materials such as insulated bricks and prefabricated panels is likely to boost demand for crushing and screening equipment.
Regional Analysis
East Asia is expected to dominate the global mobile crushers and screeners market, with an estimated 33.4% of market revenue coming from this region. The rapid expansion of the construction and mining sectors in East Asia, particularly in China, will drive regional market growth. China alone is anticipated to account for a 36.6% share by the end of the forecast period, with revenue expected to exceed US$ 2.73 billion by 2031.
India is set to experience a significant CAGR of 11.9% from 2024 to 2031. Government initiatives, such as Pradhan Mantri Awas Yojana (PMAY) and smart city projects, are propelling construction activities across Tier-1 and Tier-2 cities. This growth is expected to fuel demand for mobile crushers and screeners, with revenues likely to surpass US$ 511 million by 2031.
Product Type Insights
Mobile crushers dominate the market due to their flexibility and efficiency, representing 76.9% of the market value share in 2024. Track-mounted mobile crushers offer enhanced mobility, allowing operators to move equipment between sites quickly and efficiently. This category is projected to achieve an absolute dollar opportunity of over US$ 2.92 billion between 2024 and 2031, with a CAGR of 7.9% for the forecast period.
End-Use Insights
The construction industry remains the dominant segment in the mobile crushers and screeners market, expected to account for 56.2% of total sales revenue in 2024. The demand for mobile crushers and screeners in construction is driven by increased urbanization, population growth, and the need for housing in urban and semi-urban areas. Construction activities will contribute to rising demand for aggregates and, consequently, mobile crushing and screening units.
Recent Trends Impacting the Market
Key manufacturers are focusing on product differentiation by introducing mobile crushers and screeners with advanced features. For instance, Terex Finlay launched the LJ-130 Hybrid Jaw Crusher, designed for large-scale operations, providing versatility as a primary crusher or within an integrated crushing system.
Advancements such as electric-powered machinery, remote-controlled operation, and automation are transforming the mobile crushing industry. These technological improvements are expected to drive future demand for mobile crushers and screeners, enhancing efficiency and reducing costs for operators.
Competitive Landscape
Mobile Crushers And Screeners Market Segmentation