An increase in the adoption of portable machines for crushing and screening is expected to propel the mobile crushers and screeners market size during the forecast period.
Wilmington, Delaware, United States, Nov. 24, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global mobile crushers and screeners market is projected to flourish at a CAGR of 4.6% from 2023 to 2031. As per the report published by TMR, a valuation of US$ 4.0 billion is anticipated for the market in 2031. As of 2023, the demand for mobile crushers and screeners is expected to close at US$ 2.7 billion.
Increasing construction activities globally, driven by urbanization, infrastructure renovations, and large-scale projects, create a consistent demand for mobile crushers and screeners. The growing demand for minerals and metals fuels the need for efficient crushing and screening equipment in mining operations. Mobile crushers and screeners are essential for processing ores, aggregates, and other mining materials.
The surge in investment in residential and commercial properties and the rise in the development of roads, bridges, and highways are fueling the demand for crushed stones, gravels, and other aggregates is expected to spur the mobile crushers and screeners market growth in the near future.
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The growing focus on recycling and increased sustainable practices in construction and mining industries drives the need for mobile crushers and screeners. These machines play a crucial role in recycling applications by processing and reusing materials like concrete, asphalt, and demolition waste.
Competitive Landscape
Most companies invest significantly in R&D activities, primarily to develop innovative products and increase their mobile crushers and screeners market share. Key players operating in the global mobile crushers and screeners industry offer customized and hybrid products that require low maintenance and provide environment-friendly operations. They are also collaborating with different companies to expand their customer base.
Key Takeaways from the Market Study
Mobile Crushers and Screeners Market: Key Trends and Opportunistic Frontiers
Mobile Crushers and Screeners Market – Regional Analysis
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Key Developments in the mobile crusher and screeners market
Mobile Crushers and Screeners Market – Key Segments
By Product Type
By Operation
By Output Potential
By Transport Weight
By Application
By Distribution Channel
By Region
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