Market Research Future (MRFR) has published a cooked research report on the “Global Crushing, Screening and Mineral Processing Equipment Market” that contains information from 2018 to 2032. The Crushing, Screening and Mineral Processing Equipment market is estimated to register a CAGR of 5.50% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Crushing, Screening and Mineral Processing Equipment market— Terex Corporation, Sandvik AB, Astec Industries, Inc., Kleemann GMBH, Mccloskey International, Metso Corporation, Screen Machine Industries, Caterpillar Inc, Eagle Crusher, and Rubble Master.
Crushing, Screening and Mineral Processing Equipment Market Highlights
The global Crushing, Screening and Mineral Processing Equipment market is accounted to register a CAGR of 5.50% during the forecast period and is estimated to reach USD 31.7 billion by 2032.
The growth of the crushing, screening, and mineral processing equipment market is closely linked to infrastructure development projects. Rapid urbanization is another significant factor fueling demand for construction materials. As countries invest heavily in building and upgrading their infrastructure, including roads, bridges, airports, and buildings, there is a consistent need for construction materials, such as crushed stone, sand, and gravel, which are processed using this equipment. Additionally, the growing demand for metals in industries like automotive, electronics, and renewable energy production fuels mineral extraction and processing. The ongoing need to replace aging infrastructure and develop sustainable energy solutions further sustains the demand for these equipment and technologies, driving market growth.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Crushing, Screening and Mineral Processing Equipment Market Technology
Segment Analysis
The global Crushing, Screening and Mineral Processing Equipment market has been segmented based gasifier technology and gasifier application.
On the basis of type, the market is segmented into Crushing & Screening Equipment and Mineral Processing Equipment. The mineral processing equipment segment was attributed to holding the largest market share in 2022, as it is important for extracting valuable minerals and metals.
Based on application, the global Crushing, Screening and Mineral Processing Equipment market has been segmented into Construction & Plant Modification, Mining, Foundries & Smelters and Others. The mining segment was expected to hold the largest market share in 2022, because it widely depends on this equipment.
Based on mobility, the global Crushing, Screening and Mineral Processing Equipment market has been segmented into Stationary, Portable and Mobile. The stationary segment was expected to hold the largest market share in 2022, because it is widely utilized in quarrying and mining operations.
Regional Analysis
The global Crushing, Screening and Mineral Processing Equipment market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Crushing, Screening and Mineral Processing Equipment market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Crushing, Screening and Mineral Processing Equipment market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Crushing, Screening and Mineral Processing Equipment market comprises of Middle East, Africa, and Latin America.
The largest market share for Crushing, Screening and Mineral Processing Equipment was maintained by the North American regional sector. This increase is attributed to North America's aging infrastructure requires substantial renovation and rebuilding, leading to a consistent demand for construction materials like crushed stone, sand, and gravel. This fuels the need for crushing and screening equipment to process these materials. North America is rich in mineral resources, and mining operations for metals, minerals, and aggregates are prevalent. The extraction and processing of these resources rely heavily on mineral processing equipment, supporting a thriving market. The region's diverse industrial base, including manufacturing, automotive, and energy sectors, requires minerals and metals for production. Mineral processing equipment plays a critical role in refining these raw materials for industrial use
Moreover, the Europe market has been persistently growing over the forecast period. The demand for Crushing, Screening and Mineral Processing Equipment is driven by significant investments in infrastructure development and renovation projects, as well as a growing emphasis on sustainability and resource efficiency. The need for construction materials and minerals to support urbanization, coupled with a focus on modernizing existing infrastructure with environmentally friendly technologies, fuels the demand for these equipment and solutions in the European market.
Additionally, due to the rapid urbanization, infrastructure development, and industrialization, which lead to increased demand for construction materials and minerals for manufacturing and energy production, Asia Pacific is anticipated to experience the quickest growth over the forecast period. Additionally, the expansion of mining activities in the region further fuels the need for this equipment to extract and process valuable resources.
Furthermore, the rest of the world's Crushing, Screening and Mineral Processing Equipment market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the rising demand for raw materials, minerals, and metals from emerging economies and the expansion of infrastructure projects. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global Crushing, Screening and Mineral Processing Equipment market is expected to reach USD 31.7 billion by 2032, at a CAGR of 5.50% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increasing infrastructure development, rapid urbanization, and industrialization and expansion of mining activities in the region.
- Based on application, the mining segment was attributed to holding the largest market in 2022, with an approximate market share of 45–50%.
- Terex Corporation, Sandvik AB, Astec Industries, Inc., Kleemann GMBH, Mccloskey International, Metso Corporation, Screen Machine Industries, Caterpillar Inc, Eagle Crusher, and Rubble Master.
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Companies Covered | 15 |
Pages | 128 |
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