Crushing, Screening and Mineral Processing Equipment Market Size valued at USD 19.6 Billion in 2022. Crushing, Screening and Mineral Processing Equipment market industry is projected to rise from USD 20.6 Billion in 2023 to USD 31.7 Billion by the year 2032, exhibiting a compound yearly growth rate (CAGR) of 5.50% throughout the forecast period (2024 - 2032). Increased demand for construction materials, minerals, and metals, driven by infrastructure development, urbanization, and industrialization worldwide, are the key market drivers enhancing growth of the market.
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for crushing, screening and mineral processing equipment is being driven by the growing demand for construction materials, minerals, and metals, driven by infrastructure development, urbanization, and industrialization worldwide. The growth of the Crushing, Screening, and Mineral Processing Equipment market is closely linked to infrastructure development projects. Across the globe, there is a continual need for infrastructure expansion, including roads, bridges, buildings, and airports. As countries invest in their infrastructure, the demand for these materials rises, driving the market for such equipment.
Rapid urbanization is another significant factor fueling demand for construction materials. As more people move from rural areas to cities, there is a need for housing, commercial spaces, and public infrastructure. This leads to increased construction activity, which, in turn, boosts the requirement for mineral processing equipment to extract, process, and refine the necessary materials. Industrialization and economic development drive the demand for various minerals and metals used in manufacturing, energy production, and technology. Mining operations require mineral processing equipment to extract valuable ores and minerals from the earth efficiently. The growth of industries like automotive, electronics and renewable energy further escalates the demand for resources, promoting investment in crushing, screening, and mineral processing equipment. As global demand for minerals and metals rises, exploration efforts increase to discover new deposits. Modern exploration techniques often involve the use of advanced mineral processing equipment to assess the viability of these resources.
Ongoing technological advancements in crushing, screening, and mineral processing equipment improve efficiency, reduce energy consumption, and enhance the recovery of valuable minerals. Environmental regulations and sustainability concerns have prompted the adoption of cleaner and more efficient processing technologies. Mineral processing equipment that minimizes environmental impact, reduces waste generation, and enhances resource recovery is increasingly sought after, particularly in regions with stringent environmental regulations. The demand for minerals and construction materials is not limited to a single region but is a global phenomenon. Countries in various stages of development all contribute to the demand for such equipment, creating a worldwide market for crushing, screening, and mineral processing equipment. Thus, driving the Crushing, Screening and Mineral Processing Equipment market revenue.
Crushing, Screening and Mineral Processing Equipment market segmentation, based on type, includes Crushing and Screening Equipment and Mineral Processing Equipment. The mineral processing equipment segment dominates the market, accounting for the largest market revenue. Mineral Processing Equipment includes a wide range of machinery and systems used in the processing of minerals, ores, and metals. This category encompasses equipment like crushers, grinding mills, separators, classifiers, and various other machinery used to process raw materials extracted from mining operations. Mineral processing equipment is crucial for extracting valuable minerals and metals from ore and refining them into usable products. On the other hand, crushing & screening equipment is essential for the initial processing and preparation of raw materials.
Crushing, Screening and Mineral Processing Equipment market segmentation, based on application, includes Construction & Plant Modification, Mining, Foundries & Smelters and Others. The mining category dominates the market as it relies heavily on this equipment to extract, process, and refine various minerals and ores. The demand for crushing, screening, and mineral processing equipment is driven by the mining sector's need for efficient and effective machinery to crush and separate valuable minerals from raw ore materials. Further, the construction & plant modification is anticipated to experience stringent growth throughout the forecast period.
Crushing, Screening and Mineral Processing Equipment market segmentation, based on mobility, includes Stationary, Portable and Mobile. The stationary category dominates the market as it is widely used in mining and quarrying operations, where processing facilities are established at fixed locations, and large quantities of minerals or aggregates are processed continuously. These stationary installations include crushers, screens, and processing plants that remain in one place for an extended period to handle substantial production volumes. While portable and mobile equipment are important for certain applications and specific industries, the stationary category tends to have a more significant presence and market share due to its versatility and suitability for long-term, high-capacity processing requirements.
Figure 1: Crushing, Screening and Mineral Processing Equipment Market by Mobility, 2022 & 2032 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study gives market insights into the North America, Europe, Asia-Pacific and the Rest of the World. The North American Crushing, Screening and Mineral Processing Equipment market area dominates this market due to its robust mining and construction industries, substantial infrastructure development projects, and a strong focus on technological innovation. The region's vast mineral resources, including metals and aggregates, drive the demand for such equipment, while a well-established industrial sector and investment in modern machinery maintain its dominant position in the market.
Further, the prime countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil.
Figure 2: Crushing, Screening And Mineral Processing Equipment Market Share By Region 2022 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Crushing, Screening and Mineral Processing Equipment market accounts for the second-largest market revenue due to the ongoing infrastructure renewal and expansion projects, along with stringent environmental regulations that necessitate efficient and sustainable mineral processing solutions. Further, the German Crushing, Screening and Mineral Processing Equipment market had the largest market share, and the UK Crushing, Screening and Mineral Processing Equipment market was the rapid-growing market in European region.
The Asia-Pacific Crushing, Screening and Mineral Processing Equipment Market is expected to grow at the rapid CAGR from 2023 to 2032. This is due to the rapid urbanization, industrialization, and infrastructure development, owing to the strong demand for construction materials, minerals, and metals. Moreover, China’s Crushing, Screening and Mineral Processing Equipment market held the largest market revenue, and the Indian Crushing, Screening and Mineral Processing Equipment market was the rapid-growing market in Asia-Pacific region.
Leading market players are investing heavily in the research and development in order to spread their product lines, which will help the Crushing, Screening and Mineral Processing Equipment market grow even more. Market players are also undertaking a variety of strategic activities to spread their global footprint, with important market developments including higher investments, new product launches, contractual agreements, mergers and acquisitions, and collaboration with other organizations. To spread and survive in a more competitive and rising market climate, the Crushing, Screening and Mineral Processing Equipment industry must offer cost-effective items.
Manufacturing locally to minimize the operational costs is one of the key business tactics used by the manufacturers in the global Crushing, Screening and Mineral Processing Equipment industry to benefit clients and increase the market sector. In recent years, the Crushing, Screening and Mineral Processing Equipment industry has offered some of the most significant advantages to the construction industry. Major players in the Crushing, Screening and Mineral Processing Equipment market, including Terex Corporation, Metso Corporation, Sandvik AB, Mccloskey International, Astec Industries, Inc., Kleemann GMBH, Eagle Crusher, Screen Machine Industries, Caterpillar Inc., and Rubble Master, and others, are attempting to increase market demand by investing in the research and development operations.
Sandvik AB, a Swedish multinational engineering company that specializes in mining and rock excavation, metal cutting, and materials technology. Sandvik is known for its commitment to research and development. The company continually invests in innovation to develop cutting-edge products and solutions for its customers. Sandvik has embraced digitalization and Industry 4.0 concepts in its operations. It offers digital solutions that enhance productivity, efficiency, and safety for its customers. Sandvik is a publicly traded company listed on the Stockholm Stock Exchange (Nasdaq Stockholm). It has a strong financial track record and is recognized as a leader in its industry sectors. In August 2023, Sandvik AB acquired the mining business of Schenck Process, a German industrial machinery manufacturing company. This acquisition strengthens Sandvik's position in the mining equipment market and expands its portfolio of products and services for the mining industry, including crushing, screening and mineral processing equipment.
Metso Outotec is a Finnish multinational corporation specializing in providing technologies, equipment, and the services for the mining, aggregates, recycling, and metal refining industries. The company was formed through the merger of Metso Corporation and Outotec Oyj in 2020. Metso Outotec is committed to innovation and investing in research and development to create advanced technologies and solutions for its customers. This includes digitalization and the development of Industry 4.0 solutions. In July 2023, Metso Outotec acquired McCloskey International, a Canadian manufacturer of mobile crushing and screening equipment. This acquisition expands Metso Outotec's product portfolio and geographic reach in the mobile crushing and screening market.
June 2023: Terex Corporation acquired Powerscreen International, a Northern Ireland-based manufacturer of mobile crushing and screening equipment. This acquisition expands Terex's product portfolio and geographic reach in the mobile crushing and screening market.
May 2023: Weir Minerals partnered with Epiroc to develop and deliver a range of integrated solutions for the mining and construction industries. This partnership will focus on combining Weir Minerals' expertise in mineral processing equipment with Epiroc's expertise in drilling and rock excavation equipment.
February 2021:Â Hydroxycut's newest creation, the CUT Energy, a delectable clean energy drink, was released. This powerful mix was carefully formulated for the regular energy drink consumers, the exercise enthusiasts, and dieters looking to lose weight.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 19.6 Billion |
| Market Size 2023 | USD 20.6 Billion |
| Market Size 2032 | USD 31.7 Billion |
| Compound Annual Growth Rate (CAGR) | 5.50% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2023 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, The Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, Mobility, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Terex Corporation, Sandvik AB, Metso Corporation, Astec Industries, Inc., Kleemann GMBH, Mccloskey International, Screen Machine Industries, Caterpillar Inc, Eagle Crusher, and Rubble Master |
| Key Market Opportunities | Rapid infrastructure development, urbanization, and industrialization. |
| Key Market Dynamics | Increased demand for construction materials, minerals, and metals. |
Frequently Asked Questions (FAQ) :
The global market is foreseen to rise at a CAGR of 5.50% throughout the forecast period, 2023-2032.
North America had the largest revenue in the global market
The key players in the market are Terex Corporation, Sandvik AB, Astec Industries, Inc., Mccloskey International, Metso Corporation, Kleemann GMBH, Screen Machine Industries, Caterpillar Inc, Eagle Crusher, and Rubble Master.
The mining category dominated the market in 2022.
The stationary had largest share in the global market.
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