The demand for mobile crushers and screeners is witnessing a steady rise across the world, thanks to the significant growth in the construction industry, globally. The increasing urbanization in emerging economies is likely to boost construction activities significantly, thereby fueling the demand for these crushers and screeners over the next few years. The escalating number of non-residential projects in emerging economies is also expected to drive the demand for these crushers and screeners in the years to come. However, the rising economic instability in various developed nations may hamper their adoption in the near future.
Overall, the opportunity in the mobile crushers and screeners market looks healthy, expanding at a CAGR of 3.72% during the period from 2015 to 2023 and increasing from US$2.08 bn in 2014 to US$2.6 bn by 2023.
Demand for Mobile Crushers and Screeners to Remain High in Asia Pacific
The global market for mobile crushers and screeners is broadly segmented into Europe, Asia Pacific, North America, and the Rest of the World. Asia Pacific led the demand for mobile crushers and screeners in 2014 with a share of around 44%. Over the forecast period, the region is likely to remain the key consumer with its share increasing to approximately 46% by 2023. The rapid infrastructural developments in China and India are the primary driving forces behind the rising demand for mobile crushers and screeners in Asia Pacific.
Other regions, Europe being exception, are also expected to register strong growth in the demand for mobile crushers and screeners in the years to come. The increasing investments in the construction industry are likely to boost the application of these crushers and screeners in the U.S., Canada, and Mexico, whereas the growing urbanization is expected to influence their demand in the UAE, Brazil, Nigeria, and Argentina. On the other hand, the economic slowdown in Europe is projected to result in the decline in construction activities, thereby decreasing the demand for these crushers and screeners.
The opportunity for mobile crushers and screeners in Asia Pacific is estimated to increase at a CAGR of 3.16% between 2015 and 2023, rising from US$0.9 bn in 2014 to US$1.2 bn by the end of the forecast period.
Mobile Crushers to Demonstrate Higher Demand than Mobile Screeners
Mobile crushers and mobile screeners are the two main products of this market. Among the two, mobile crushers report a higher demand than mobile screeners. In 2014, the former accounted for a share of 72.68% against 27.32% of the latter in the overall market. Analysts expect the demand for mobile crushers to increase rapidly over the coming years, owing to the rapid growth in building and road construction activities.
The opportunity in mobile crushers is projected to increase from a value of US$1.5 bn in 2014 to US$2.0 bn by 2023, rising at a CAGR of 3.18% during the period from 2015 to 2023.
The key manufacturers of mobile crushers and screeners across the world are Atlas Copco Group, Anaconda Equipment International Ltd., McCloskey International Ltd., Hartl Property Holding GmbH, Metso Corp., Kleemann GmbH, Portafill International Ltd., Sandvik AB, RUBBLE MASTER HMH GmbH, and SBM Mineral Processing GmbH.
This research study analyzes the market for mobile crushers and screeners in terms of revenue (US$ Mn). The mobile crushers and screeners market has been segmented on the basis of product and geography. For the research, 2014 has been taken as the base year, while all forecasts have been given for the period from 2015 to 2023. Market data for all the segments has been provided at the regional level from 2015 to 2023. The report provides a broad competitive analysis of companies engaged in the mobile crushers and screeners business. The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the global mobile crushers and screeners market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the global mobile crushers and screeners market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and profitability of the global mobile crushers and screeners market. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.
The high-level analysis in the report provides detailed insights into the mobile crushers and screeners business globally. There are currently numerous drivers of the market. One of the most prominent drivers is increasing urbanization in developing countries. Market attractiveness analysis was carried out for the mobile crushers and screeners market on the basis of geography. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions.
The mobile crushers and screeners market was segmented on the basis of product into mobile crushers and mobile screeners. The market was analyzed across four geographies: Asia Pacific, North America, Europe, and Rest of the World (the Middle East, South America, and Africa). Key participants in the global mobile crushers and screeners market include Metso Corporation, Sandvik AB, Hartl Holding, Atlas Copco Group, Anaconda Equipment International Ltd., SBM Mineral Processing GmbH, RUBBLE MASTER HMH GmbH, Portafill International Ltd., McCloskey International Limited, Kleemann GmbH, and Keestrack N.V. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.
Mobile Crushers and Screeners Market: By Product
- Mobile Crushers
- Mobile Screeners
Mobile Crushers and Screeners Market: By Region
- Asia Pacific
- North America
- Rest of the World