Report : Mobile Crusher and Screener Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Mobile Crusher and Mobile Screener) and End User (Construction, Mining, Recycling, and Others)
According to the new research report titled “Mobile Crusher and Screener Market Forecast to 2027 – COVID-19 Impact and Global Analysis” published by The Insight Partners, the market is expected to reach US$ 4,919.35 million by 2027, registering a CAGR of 6.3% from 2020 to 2027.
In the recent years, the demand for mobile crushers has been increasing owing to the expansion of the construction industry. The major players in this market are expanding their current product portfolio, diversifying its client base, and developing innovative products in the field of mobile crushers and screeners. The market is quite large at a global level with an increase in innovation to fulfill the need for innovative products and alternative fuel-run crushers and screeners that would ultimately reduce the carbon emission occurred due to use of diesel.
The construction industry plays a major role in the expansion of the global mobile crushers and screeners market. Apart from the infrastructural advancements, the growing initiatives by various governments globally for new railway tracks, airports, roads, and tunnels coupled with the expansion of the mining industry would enable the mobile crusher and screener market players to boost their businesses. Mobile crushers and screeners are also gaining significant demand owing to its lower cost of operations. These factors are propelling the growth of the market across the world.
A significant reduction in cost can be achieved in the production with the use of mobile crushers and screeners. Moreover, positive economic growth outlook with rising industrialization worldwide and growing need for efficient crushers and screeners are driving the adoption of mobile crushers and screeners across the industries. A major trend that would push the market growth in coming years is the introduction of alternative fuel for the operation of mobile crushers and screeners.
Key Findings of Study:
The global mobile crusher and screener market is segmented into five major regions—North America, Asia Pacific (APAC), Europe, the Middle East and Africa (MEA), and South America (SAM). In North America, the US government is taking measures to enhance its mining sector, which is anticipated to drive the mobile crusher and screener market during the forecast period. The presence of a well-established mining sector in Canada and the continuous growth of the construction sector in Mexico are propelling the mobile crushers and screeners market.
Significant strategic initiatives by several market players are observed in the market. For instance, in February 2020, Anaconda Equipment introduced a new website. By using this website, their audience can view and learn about company’s product range in a more user-friendly way. This strategy is focused on taking into account usability, structure, and being more informative about company’s product range so that users are able to easily understand and get all the necessary details they may require. Moreover, in 2019, Sandvik announced the launch of their new QI442 track mobile impact crusher. This latest addition features the newly developed CI621 Prisec Impactor which comes with a host of innovations for improved efficiency and greater safety during maintenance, as well as being able to operate in either primary or secondary crushing modes.