Global Mobile Crushers and Screeners Market: Players Treading Strategic Alliances and Technological Innovations to Strengthen Foothold, finds TMR
With the presence of a large number of equally-placed competitors, the global mobile crushers and screeners market displays considerable fragmentation, notes a recent market study by Transparency Market Research (TMR). Presence of numerous players with diverse product offerings, varied technological know-how, and high degree of brand identification intensifies competition in this fragmented marketplace.
Strategic acquisitions and alliances are what key companies in the market are engaged in for acquiring market share. R&D efforts and technological innovation are also the strategies adopted by key companies to stay competitive in the market. Operational efficiency and low-cost leadership are also expected to be viable strategies for industry incumbents to strengthen their foothold in the market.
Some of the key players in the global market for mobile crushers and screeners are Metso Corp., Sandvik AB, Hartl Property Holding GmbH, Anaconda Equipment International Ltd., and Atlas Copco Group.
The global market for mobile crushers and screeners was worth US$2.08 bn in 2014 and is expected to display an opportunity of US$2.6 bn by the end of 2023 increasing at a CAGR of 2.72% from 2015 and 2023.
Asia Pacific to Display Significant Demand in Future
Asia Pacific held a share of close to 44% in the global mobile crushers and screeners market in 2014. The region is expected to be the leading consumer of mobile crushers and screeners by 2023 with a share of close to 46% in the global market. The expeditious developments in the infrastructure in India and China are the major factors propelling growth of the Asia Pacific mobile crushers and screeners market. Asia Pacific mobile crushers and screeners market is expected to rise at a CAGR of 3.16% from 2015 to 2023 for the market’s valuation to expand from US$0.9 bn in 2014 to US$1.2 bn by 2023.
The increasing construction projects in the U.S., Mexico, and Canada will bode well for North America market for mobile crushers and screeners. Rapid urbanization in UAE, Nigeria, Brazil, and Argentina will favor growth of the Rest of the World regional market.
On the other hand, declining economic growth in Europe leading to declining construction activities will have a negative impact on the mobile crushers and screeners market in the region.
Product-wise, mobile crushers lead demand over mobile screeners with the former accounting for 72.68% of the overall market in 2014. Mobile crushers are expected to display an increased demand due to the increasing investments for road construction and infrastructural development in many parts of the world.
Investments for Infrastructural Development Bode Well for Market Growth
Across the world, infrastructural developments combined with rapid urbanization are propelling growth of the mobile crushers and screeners market. The rising need for residential and commercial buildings thanks to the growing population especially in developing nations has led to surging construction activities, thereby fueling the demand for mobile screeners and crushers.
In developing economies, development of basic amenities such as sanitation and water supply in urban areas and development of mass rail transit systems and road transport systems for infrastructural development has led to massive construction activities. This in turn, has benefitted the mobile crushers and screeners market.
On the flip side, declining construction activities due to economic slowdown has negatively impacted the mobile crushers and screeners market in several regions of the world. Apart from this, lack of funds and lack of governmental initiatives for infrastructural development in several countries of Asia Pacific and Latin America is expected to negatively impact the market’s growth.
The review presented id based on the findings of a Transparency Market Research report, titled “Mobile Crushers and Screeners Market (Product – Mobile crushers, Mobile screeners) - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023.”
The global crushers and screeners market is segmented as follows:
- Mobile Crushers
- Mobile Screeners
- Asia Pacific
- North America
- Rest of the World
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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