12-Aug-2024 | Zion Market Research
Zion Market Research has published a new report titled “Mobile Crusher & Screener Equipment Market by Product (Mobile Crusher and Mobile Screener) and by End-User (Stone Quarry, Construction, Mining, Material Recycling, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032”. According to the report, the global mobile crusher & screener equipment market was USD 3.08 billion in 2023 and is predicted to grow to around USD 6.11 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.9% between 2024 and 2032.
Mobile crushing and screener equipment is a highly robust machine that sustains the hardness of various kinds of processing materials, such as stones, ores, and minerals. Mobile crusher and screener equipment is employed for crushing raw industrial materials into fine pieces and then sorting them according to particle size obtained via the crushing process at a specific location. The average life cycle of this equipment is around 8 to 10 years.
Browse the full “Mobile Crusher & Screener Equipment Market by Product (Mobile Crusher and Mobile Screener) and by End-User (Stone Quarry, Construction, Mining, Material Recycling, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032” Report at https://www.zionmarketresearch.com/report/mobile-crusher-screener-equipment-market
The flourishing global construction industry is the foremost factor driving the global mobile crusher & screener equipment market. Construction of roads, railways, dams, buildings, factories, and other infrastructural facilities requires myriad types of materials. Rapid urbanization has fueled the construction of modern permanent housing, which is fuelling the global mobile crusher & screener equipment market. High unnecessary cost of material transportation to the crushing and screening site is avoided, as transporting machinery to the material site is easier and requires less time along with performing auxiliary functions of aggregating, recycling, and processing of materials.
Rapid urbanization has fueled the construction of modern permanent housing, which is fuelling the global mobile crusher & screener equipment market. However, high carbon emissions from equipment use, inconvenience in equipment transportation, and time-consuming process of transporting the equipment to rural and remote areas may limit this market globally.
The mobile crusher & screener equipment market is fragmented on the basis of product and end-user. By product, the mobile crusher & screener equipment market includes mobile crushers and mobile screeners. Mobile crushers further include jaw crusher, stone crusher, impact crushers, and others. Mobile screeners are further classified into vibratory mobile screeners, gyratory mobile screeners, and others. Mobile crushers accounted for around 75% of the total market share in 2018 and are expected to dominate the market with a CAGR of over 3% over the forthcoming years. Jaw crushers held the largest share of the mobile crusher segment in 2018, due to their superior characteristics and ability to process both dry and slightly wet materials.
Based on end-user, the market comprises mining, stone quarry, material recycling, construction, and others. Stone quarry held the largest share of the global market in 2018. The construction segment held the second spot in the global market and was followed by the mining segment. Additionally, the construction segment is projected to register the highest CAGR in the future, especially due to the rising number of infrastructural projects in the Asia Pacific.
The Asia Pacific region held the largest share of the global market and is expected to register the fastest CAGR, of about 7.5%, over the forecast time period. This robust regional growth can be attributed to the growing mining activities and increasing housing projects due to rapid urbanization.
The global mobile crusher & screener equipment market is led by players like:
Global Mobile Crusher & Screener Equipment Market: Product Analysis
Global Mobile Crusher & Screener Equipment Market: End-User Analysis
Global Mobile Crusher & Screener Equipment Market: Regional Analysis
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