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(CityRegions.Com, June 11, 2018 ) The global mobile crushers and screeners market is expected to grow at a CAGR of 4.82% over the forecast period (2018-2023). The scope of the report is limited to the type of equipment used in the market and the end user. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Mobile crushers and mobile screeners are a form of stationary crushers and screeners that are mounted on either wheels or tracks. These are an emerging form of crushing equipment with high potential for growth over and beyond the forecast period. Crushers and screeners are widely employed in several business verticals such as mining, construction, demolition, industrial, and metallurgy. Their applications include crushing stones or mineral ores, producing aggregate, recycling construction waste, etc. The ease of transporting this equipment to the required locations or sites is enabling the equipment to perform primary, secondary, and tertiary tasks at the work locations to give the product, thus reducing the costs and time in the transportation of the stone or ore.
Low transportation costs, rapid urbanization, and increasing mining activity in developing countries are some of the factors driving the mobile crushers and screeners market.
North America held a significant share of the market in 2016, owing to various industrial developments and the growth of manufacturing and processing industries. However, Asia-Pacific is expected to record the maximum growth rate as it is a developing region. Moreover, enhanced manufacturing units and rising industrialization, coupled with higher transportation costs in countries such as China, India and Japan, promote the growth of mobile crushers and screeners market in Asia-Pacific.
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Key Developments in the Market
• August 2017 - McCloskey International added compact crusher range to its crusher line to deliver high performance and expanded versatility.
• March 2017 - Metso launched Metso MX crusher for minerals processing, which is based on the patented multi-action crushing technology and combines the piston and rotating bowl into a single crusher.
• January 2017 - SBM Mineral Processing GmbH launched track-mobile Jaw Crusher STE 100.65 TV PB for safe and reliable tunnel construction.
The major players include - TEREX CORPORATION, METSO CORPORATION, CDE GLOBAL, ATLAS COPCO CORP, MCCLOSKEY INTERNATIONAL LTD, ANACONDA EQUIPMENT LTD, and HARTL HOLDING GMBH, amongst others.
Browse complete report with table of content and list of figures@ http://orbisresearch.com/reports/index/global-mobile-crushers-and-screeners-market-segmented-by-type-of-equipment-mobile-crushers-mobile-screeners-end-user-application-and-region-growth-trends-and-forecast-2018-2023
Increased Demand in Mining Sector in Emerging Markets
Mobile crushers are widely used in the mining industry for processing quarried materials and heavy mining substances, with an additional advantage of transportation to required location and maneuvering within the site. Mobile crushers are being adopted on a large scale in the mining sector as they eliminate the use of conveyor belts, truck haulage, and road construction, thus saving the costs to a large extent. Special systems, such as the spring release system, are also present in mobile cone crushers, which act as a protective shield in case of material overload.
Though the global outlook for the mining sector remains largely mixed owing to fluctuations in metal & oil prices, this market is expected to grow rapidly owing to the increased construction in developing countries. Several regional players operating in the mining machinery sector are offering a wide range of mobile and hydraulic cone crushers to cater to the growing demands of this market.
Mineral production, dominated by mineral fuels, is increasing every year. Production of iron, ferro-alloy metals, and mineral fuels is expected to grow due to urbanization. The rapid increase of quarry operation costs, especially in India, is driving the adoption of mobile crushers in the country. Outsourcing the quarry operations is also another major driver for the adoption of mobile crushing plants. The Indian Government has announced its plans to hold transparent auctions for mining licenses, which will boost to the mining industry. Also, there is significant scope for new capacities in several sub-sectors such as iron ores, coal, and bauxite.
Asia-Pacific - The Growth Driver
Asia is a major developing region, and therefore, the mining and construction industries are expected to grow rapidly in this region. The enhanced manufacturing units and rising industrialization, coupled with higher transportation costs in the countries such as China, India, and Japan, promote the growth of the mobile crushers and screeners market.
The construction industry in China is growing at an insatiable rate and is expected to add USD 2.1 trillion to the global construction output by 2030. The country’s “one belt, one road” policy is driving co-operation and trade with its neighboring countries, thus driving massive investments in construction. Moreover, China is dealing with ageing population, which could drive the construction of healthcare facilities.
With planned investment of USD 68 billion by 2019, Indonesia is one of the fastest growing construction markets in Asia. A recent reduction in interest rate has made funding more affordable and this has positively affected the construction industry in Indonesia.
India is also one of the fastest growing construction markets and is expected to spend USD 13 trillion in the construction industry by 2030. The country’s rapidly expanding population is generating significant housing demand, owing to increase in disposable income and urbanization.
Table of Content
2. Research Approach and Methodology
3. Market Insights
4. Market Dynamics
5. Global Mobile Crushers and Screeners Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Outlook Of Mobile Crushers and Screeners Market
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