A new research study, recently published by Report Ocean, states that the global mobile crushers and screeners market is poised to experience significant progress in its valuation over the next few years. The report is titled “Global Mobile Crushers and Screeners Market Size study, by Product Type (Mobile Crushers, Mobile Screeners,), End-use Industry (Mining, Material Recycling, and Construction) and Regional Forecasts 2020-2027.” Analysts have prepared this research study after performing a thorough assessment of this market on the basis of the performance of its segments.
According to the study, the global market for mobile crushers and screeners was valued approximately US$2.5 bn in 2019. The market is anticipated to proliferate at a healthy CAGR of more than 3.70% over the forecast period of 2020-2027.
The rise in infrastructure development projects, such as railway ballast, dams, airports, and highways and expressways, and the expansion in construction industries are propelling the global market for mobile crushers and screeners substantially. As per Statista, the expenditure of the worldwide construction industry was US$11.4 trillion IN 2018 as compare to US$10.9 trillion in 2017.
The increasing knowledge among consumers about the benefits of these crushers and screeners, such as reduction in the cost of transporting materials, is also adding to the growth of this market. However, the infrastructural problems, such as power shortages and inadequate roads, rail, and airport links, faced by this market may limit its growth in the years to come. Also, a majority of equipment used in this market, at present, function on diesel, which emits high level of carbon. The presence of stringent regulations regarding carbon emission may pose serious challenge for this market in the near future, reports the market study.
A detailed regional analysis of the global market for mobile crushers and screeners has also been presented in this research report. As per the study, the market reports its presence across Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The region that has acquired the leadership in the global market is North America. The continuous infrastructural development is boosting the demand for mobile crushers and screeners in North America. Analysts expect this regional market to remain on the top position over the next few years. Asia Pacific is anticipated to register the highest growth rate over the forecast period of 2020-2027. Factors, such as the expansion in the construction industries and urbanization, are likely to create lucrative growth prospects for the mobile crushers and screeners market across the Asia Pacific region.
Impact of Covid 19 on Global Mobile Crushers and Screeners Market
During the Coronavirus pandemic, a number of industry experienced significant damages in their valuations. The buildings and constructions industry and the markets under its bandwidth, including the global mobile crushers and screeners market, have been significantly disturbed by this pandemic. Construction activities have been stopped completely and the investments and, consequently, research activities have witnessed a decline, impacting the market’s growth. However, post-pandemic, when things will get better, the focus is expected to shift again to the construction and industrialization sectors and the market will gradually gain from it, assert analysts.
- North America has acquired the dominant position.
- The continuous infrastructural development is boosting the demand for mobile crushers and screeners in North America.
- Asia Pacific is anticipated to register the highest growth rate over the forecast period of 2020-2027.
The global mobile crushers and screeners market is segmented into:
By Product Type
- Mobile Crushers
- Mobile Screeners
By End Use Industry
- Material Recycling
- North America
- Asia Pacific
- Latin America
- Rest of the World
Companies Mentioned in the Report
- Metso Corp.
- Terex Corp.
- Sandvik AB
- Astec Industries Inc.
- McCloskey International
- Kleemann GmbH
- SBM Mineral Processing GmbH
- Thyssenkrupp AG
- Keestrack NV
- Lippmann-Milwaukee Inc.
Company Name: Report Ocean
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