PUBLISHER: Market Research Future | PRODUCT CODE: 1540765
PUBLISHER: Market Research Future | PRODUCT CODE: 1540765
Asia-Pacific Crushing, Screening and Mineral Processing Equipment Market Research Report Information By equipment type (Crushing Equipment, Screening Equipment and Mineral Processing equipment) By mobility (Stationary and Mobile), Power Source (Diesel, Electric and Hybrid), application (Construction, Mining, agriculture, Foundries and Others) and By Region Forecast to 2030
The Asia-Pacific Crushing, Screening, and Mineral Processing Equipment Market was valued at USD 9,110.7 million in 2022. The Asia-Pacific Crushing, Screening, and Mineral Processing Equipment industry is expected to increase from USD 9,633.5 million in 2023 to USD 14,617.9 million by 2030, with a compound yearly growth rate (CAGR) of 6.1% over the forecast period (2023- 2030).
Factors such as the increased use of crushing and screening equipment in numerous applications such as construction, mining, agriculture, and other purposes are aiding market expansion. Furthermore, technological advancement promotes market expansion. The challenges associated to the high cost of equipment and the shortage of competent staff are limiting industry expansion. The adoption and use of smart features and automation is creating major opportunities for market expansion. Crushing, screening, and mineral processing equipment are used to break or crush large quantities of rock, minerals, and ore into small bits for use in building, mining, agriculture, and other uses. Crushing equipment aids in the crushing of rock by using various types of crushing machinery depending on the necessity. The screening equipment is crucial for monitoring or screening the rock and sorting it for use. The machinery runs on electricity, diesel, or a mix of the two (hybrid).
Crushers are machines that are used to reduce the size of rocks, stones, and ore. They are commonly used in aggregate manufacturing, building material recycling, and mining operations. There are several manufacturers who are creating crushing machines and equipment. For example, Metso's offering includes gyratory crushers, jaw crushers, cone crushers, and impact crushers that are suited for every size reduction need. They are offering crushers specifically for mining activities. Compressive crushers are machines that press materials until they shatter, while impact crushers employ the same principle to smash materials. Jaw crushers are machines that reduce materials to small sizes.
Marketing Segmentation
The crushing, screening, and mineral processing equipment The Asia-Pacific Crushing, Screening, and Mineral Processing Equipment Market is split by equipment type, mobility, power source, and application. The global market is classified into three types of equipment: crushing, screening, and mineral processing.
Based on mobility, the Asia-Pacific crushing, screening, and mineral processing equipment market has been divided into stationary and mobile segments.
The Asia-Pacific crushing, screening, and mineral processing equipment market is divided into three segments based on power source: diesel, electric, and hybrid.
The Asia-Pacific crushing, screening, and mineral processing equipment market is segmented by application, including construction, mining, agricultural, foundries, and others.
Terex Corporation, Sandvik AB, Metso Corporation, Komatsu Ltd., Astec Industries, Inc., The Weir Group plc, McLanahan Corporation, Wirtgen Group, ThyssenKrupp, and Caterpillar Inc. are among the leading market players.