Mobile Crushers And Screeners Market Size, Share & Trends Analysis Report By Type (Crushers, Screeners), By Application, By Region, And Segment Forecasts, 2023 - 2030

Mobile Crushers And Screeners Market Size, Share & Trends Analysis Report By Type (Crushers, Screeners), By Application, By Region, And Segment Forecasts, 2023 - 2030

Mobile Crushers And Screeners Market Growth & Trends

The global mobile crushers and screeners market size is anticipated to reach USD 5.35 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.9% from 2023 to 2030. The demand for mobile crushers & screeners is expected to grow owing to the increase in urbanization and infrastructure development. Moreover, the growing material recycling industry also presents a significant growth opportunity for the market.

The COVID-19 pandemic had a negative impact on the market for mobile crushers & screeners. While the market was growing steadily before the pandemic, it experienced a decline in 2020 due to the lockdowns and restrictions on construction and mining activities. Sandvik AB, a leading manufacturer of mobile crushers and screeners, reported a decline in its sales in the second quarter of 2020 due to the pandemic. Similarly, Terex Corporation, another major player in the mobile crushers and screeners market, reported a decline in its sales in the second quarter of 2020.

Many leading companies in the mobile crushers and screeners market, such as Sandvik AB, Metso Outotec, and KLEEMANN, are investing in electric-powered equipment. For instance, Sandvik launched its first electric-powered mobile crusher, the QE441, in 2018. The company also offers a range of electric-powered screeners and crushers, including the QI442 Impact Crusher and the QA451 Triple Deck Doublescreen.

Mobile Crushers And Screeners Market Report Highlights

• Based on type, the crushers segment accounted for the maximum revenue share of 68.8% in 2022. One of the major trends in the mobile crushers market is the development of electric and hybrid crushers. With the growing concern over environmental issues and the need to reduce carbon emissions, manufacturers are focusing on developing crushers that run on electricity or a combination of electricity and diesel. Another trend in the mobile crushers market is the development of advanced automation and control systems
• Based on application, the construction segment is likely to expand at the highest CAGR of 5.7% over the forecast period. One of the primary drivers of the increasing application of mobile crushers & screeners in the construction industry is the rising demand for construction materials and the need for efficient ways of processing them.
• Asia Pacific held the largest share of 30.5% in 2022 and is expected to retain its position over the forecast period. This can be attributed to the rapid urbanization & infrastructure development in the region. India is planning to spend USD 1.4 trillion on infrastructure through its ‘National Infrastructure Pipeline’ project.
• In April 2022, Metso Outotec introduced a revamped edition of Metrics, a cutting-edge cloud-based software for real-time monitoring of Lokotrack mobile crushers and screens used by aggregates customers. The enhanced remote monitoring solution promises to deliver superior connectivity and optimization advantages to the customers' crushing operations.

Please note The report will be delivered in 4-8 business days upon order notification.