Report Ocean has released a market research report on the Crushing, Screening, and Mineral Processing Equipment industry, covering 150+ countries and analyzing over 1,00000 published and forthcoming reports per year. The report, prepared by subject matter experts, researchers, and market research professionals, utilizes various methodologies and analytical approaches, including S.W.O.T. and P.E.S.T.E.L. analysis and regression analysis, to forecast market growth. It also examines the industry’s regulations and policies and potential future advancements.
The global crushing, screening, and mineral processing equipment market size was US$ 19986.8 million in 2021. The global crushing, screening, and mineral processing equipment market size is forecast to reach US$ 32,105.4 million by 2030, growing at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2021 to 2030.
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The crushing process involves pressing, pounding, or grinding hard materials into small pieces. Crushing equipment is used to reduce the size of hard wastes and enable easy recycling. In addition, it helps differentiate between pieces of different compositions. The primary purpose of screening is to separate coarse materials. In a final process, it separates the different sizes of material. Cone crushers, horizontal shaft impact crushers, and jaw crushers are the three types of crushers and screeners. In addition, mineral processing equipment falls into four categories: grinding machines, spiral classifiers, magnetic separation, and spiral dewatering. Additionally, mining, foundries, and smelters all use crushing, screening, and mineral processing equipment.
Factors Influencing Market Growth
- Fossil fuels are in short supply, and strict government standards on carbon emission reductions have increased the demand for cost-efficient, and energy-efficient renewable energy sources, such as solar energy, which is driving the global market growth.
- The growing urban population is likely to increase the demand for natural resources and oil, which will increase the demand for mineral processing equipment, thus boosting the market.
- There is a likelihood that fluctuating raw material prices and strict government regulations and tariffs will slow down the global market growth.
- The demand for technologically advanced mining equipment is forecast to lead to lucrative growth opportunities for the global crushing, screening, and mineral processing equipment markets.
Impact Analysis of COVID-19
Due to construction bans implemented in both developed and developing countries, several companies operating in the global crushing, screening, and mineral processing equipment market ceased operations. The halt in production activities negatively affected the businesses revenue that manufactures crushing, screening, and mineral processing equipment. Lack of manpower and raw materials also affected the global crushing, screening, and mineral processing equipment market. Therefore, these factors have negatively affected the global market.
Regional Insights
In 2021, Asia-Pacific held a dominant position in the industry, and it is forecast to grow at an exceptional rate during the forecast period. Price, quality, and brand image are all factors that drive the demand for this equipment, allowing manufacturers to remain competitive. The industry is also customer-oriented, and manufacturers focus on delivering customized crushing, screening, and mineral processing equipment according to customer specifications. An increase in mining-related activities in Asia-Pacific, along with a rise in the demand for crushing, screening, and mineral processing equipment for applications such as metal mining, coal mining, and mineral mining, fuels the growth of the crushing, screening, and mineral processing equipment market.
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Leading Competitors
The leading prominent companies profiled in the global crushing, screening, and mineral processing equipment market are:
- Terex Corporation
- Sandvik AB
- Astec Industries, Incorporated
- Kleemann GMBH
- Mccloskey International
- Metso Corporation
- Screen Machine Industries
- Caterpillar Incorporated
- Eagle Crusher
- Rubble Master
- Other Prominent Players
Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Scope of the Report
The global crushing, screening, and mineral processing equipment market segmentation focuses on Type, Application, Mobility, and Region.
Segmentation based on Type
- Crushing & Screening Equipment
- Mineral Processing Equipment
Segmentation based on Application
- Construction & Plant Modification
- Mining
- Foundries & Smelters
- Others
Segmentation based on Mobility
- Stationary
- Portable
- Mobile
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Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
What our reviews offer:
- Market share assessments for the regional and country-level segments
- Strategic hints for the new entrants
- Covers market facts for 2023, until 2031
- Market tendencies (drivers, opportunities, threats, challenges, funding opportunities, and recommendations)
- Strategic pointers in key enterprise segments based totally on the market estimations
- Competitive landscaping mapping the key frequent trends
- Company profiling with specified strategies, financials, and current developments
- Supply chain tendencies mapping the modern day technological advancements
Crushing, Screening, and Mineral Processing Equipment Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global Crushing, Screening, and Mineral Processing Equipment Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global Crushing, Screening, and Mineral Processing Equipment Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the Crushing, Screening, and Mineral Processing Equipment Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global Crushing, Screening, and Mineral Processing Equipment Market scenario, in terms of historical market revenues, and forecast till the year 2031.
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