PUBLISHER: The Business Research Company | PRODUCT CODE: 1436501
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436501
Mobile crushers and screeners refer to track-mounted machinery used for rock crushing that can be easily maneuvered within industrial sites. These units primarily aim to produce aggregate from challenging and sizable raw material rocks, focusing on the task of crushing stone efficiently.
The primary categories of mobile crushers and screeners include mobile crushers and mobile screeners. Mobile crushers denote track-mounted rock crushing machines designed for easy mobility across production sites. These solutions encompass both products and aftermarket services. The equipment finds utility in both new and used conditions, serving purposes in stone quarrying, construction, mining, material recycling, and various other applications.
The mobile crushers and screeners market research report is one of a series of new reports from The Business Research Company that provides mobile crushers and screeners market statistics, including mobile crushers and screeners industry global market size, regional shares, competitors with mobile crushers and screeners market share, detailed mobile crushers and screeners market segments, market trends and opportunities, and any further data you may need to thrive in the mobile crushers and screeners industry. This mobile crushers and screeners market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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%. Historical growth can be attributed to low transportation costs, swift urbanization, growing environmental concerns, and the prevailing trend of urbanization.
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 anticipated growth in the forecast period is driven by the expansion of the global mining industry, increased construction activities, adherence to regulatory standards, and a rise in infrastructure investments. Key trends expected in this period include technological advancements, innovations in advanced equipment, product launches, and increased mergers and acquisitions within the industry.
The anticipated surge in rapid urbanization is set to drive the growth of the mobile crushers and screeners market in the foreseeable future. Urbanization denotes the process of city development and a notable shift of the population towards urban areas. This rapid urbanization trend has prompted governments to invest significantly in infrastructure projects, encompassing the construction of bridges, flyovers, housing, and railways. These investments have notably contributed to market expansion within the construction and crushing machine segments. For instance, as reported by the United Nations in 2021, approximately 56.61% of the global population resides in urban areas, a figure projected to escalate to 68% by 2050. This ongoing trend of rapid urbanization stands as a primary catalyst driving the growth trajectory of the mobile crushers and screeners market.
The anticipated surge in demand for construction materials is poised to drive the growth of the mobile crushers and screeners market in the foreseeable future. Construction materials encompass a diverse range of products and substances crucial for erecting structures, infrastructure, and various built environments within the construction and building industry. Mobile crushers and screeners play a pivotal role in processing construction materials, reducing large rocks and stones into smaller, usable sizes, and facilitating backfilling of trenches and excavations, thereby creating a stable and well-drained base. For instance, data from The United States Geological Survey in January 2022 revealed that the production of Portland and masonry cement in 2021 amounted to 92,000 million tons, indicating an increase from the 89,000 million tons produced in 2020. Moreover, approximately 70% to 75% of sales in 2021 were directed towards ready-mixed concrete producers, with 11% going to manufacturers of concrete products, 8% to 10% to contractors, and 5% to 12% to other types of customers. Consequently, the rising demand for construction materials stands as a primary driver fueling the growth trajectory of the mobile crushers and screeners market.
There is a growing emphasis on product innovation, a trend that major companies are capitalizing on to bolster their market position. Notably, KOMATSU Europe, a Belgium-based company in this sector, unveiled the BR380JG-3 mobile jaw crusher in May 2021. This new offering is distinguished by its achievement of net-zero CO2 emissions, achieved through a CO2 offsetting initiative applied to each unit sold in Europe. The BR380JG-3 stands out with features such as fleet management, safeguarding against misuse, and ensuring optimal efficiency and uptime. Notably, the net-zero CO2 emissions model incorporates a two-axis type deck vibrator to facilitate a seamless, uninterrupted material flow to the highly efficient two-stage grizzly separator bars.
Key players in the mobile crushers and screeners market are forging strategic partnerships aimed at bolstering their market positions through innovative product development. These partnerships involve a collaborative process where companies combine their strengths and resources for mutual benefit and shared success. A prime example occurred in October 2021 when Sandvik Group, a Swedish multinational engineering company, teamed up with Huntraco Ltd., a prominent Hungarian supplier of construction and industrial equipment, specifically for the sales and post-purchase support of mobile crushers and screening equipment. This collaboration aims to elevate local customer support standards while simultaneously expanding and reinforcing their global distributor network. By harnessing Huntraco's deep understanding of the local customer base and industry landscape, Sandvik Group endeavors to enhance the growth of its mobile crushers and screens business in Hungary.
In May 2022, Metso Outotec, a Finland-based industrial machinery company, successfully acquired Tesab Engineering LTD. for an undisclosed financial sum. This strategic acquisition bolstered Metso Outotec's crushing and screening portfolio, leveraging the expertise and offerings provided by Tesab Engineering LTD., a UK-based company specializing in mobile crushers and screeners.
Major companies operating in the mobile crushers and screeners market report are Komatsu Ltd., Atlas Copco Group, Sandvik AB, Metso Corporation, Maximus Crushing & Screening Ltd., Terex 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.
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. The regions covered in the mobile crushers and screeners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the mobile crushers and screeners market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The mobile crushers and screeners market consists of sales of heavy range hammer, and hydraulic machines. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Mobile Crushers and Screeners Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on mobile crushers and screeners market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for mobile crushers and screeners ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The mobile crushers and screeners market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.