Crushing and Screening Systems Market Projected to Reach USD 5.61 Billion by 2030

Robust Growth Driven by Infrastructure Development and Technological Advancements

The Crushing and Screening Systems Market valued at USD 3.36 billion in 2023, is anticipated to expand to USD 5.61 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 7.6% from 2024 to 2030. This growth is primarily fueled by escalating construction and infrastructure projects worldwide, coupled with the integration of advanced technologies in mining and material processing sectors.

Competitive Landscape

The market is characterized by intense competition, with key players focusing on innovation and strategic expansions. Notable companies such as Metso Outotec, Sandvik AB, Terex Corporation, and Astec Industries, Inc. are leading the charge. For instance, in May 2022, Metso Outotec acquired Tesab Engineering Ltd., enhancing its product portfolio and market presence.

Regional Demand Highlights

• Asia-Pacific: Rapid urbanization and industrialization in countries like China and India are driving significant demand for crushing and screening systems. The region is expected to witness substantial growth, supported by large-scale infrastructure projects and mining activities.

• North America: The United States and copyright continue to invest heavily in infrastructure development and renovation projects, bolstering the demand for advanced crushing and screening equipment.

• Europe: Stringent environmental regulations and a strong emphasis on recycling and sustainable practices are propelling the adoption of modern crushing and screening systems across the region.

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United States: Consolidation in the Equipment Market

The U.S. market is experiencing consolidation, with major players engaging in strategic acquisitions to expand their product offerings and market reach. For example, in November 2022, Sandvik AB acquired the mining division of Schenck Process Group, strengthening its position in the mining and material processing equipment sector.

China: Expansion in Mining Activities

China's extensive mining activities and infrastructure projects are propelling the demand for efficient crushing and screening systems. The government's focus on urbanization and industrial growth necessitates advanced equipment to meet the large-scale material processing requirements.

Europe: Emphasis on Sustainable Practices

European countries are prioritizing sustainable practices, leading to increased adoption of eco-friendly and energy-efficient crushing and screening equipment. Regulatory frameworks promoting recycling and environmental conservation are significant drivers in this regional market.

Market Segmentation: In-Depth Analysis:

by Product

Crushers
Screeners

The market is divided into two segments: screeners and crushers. While the screeners are further divided into vibrating screening, gyratory screening, scaler, hi frequency screen, freeflow screen, and trommel, the crushers are further divided into jaw crusher, cone crusher, impact crusher, and others. By 2030, the market share is anticipated to be held by the crushers and screeners segments, respectively.

by Mobility

Stationary
Portable (wheeled)
Mobile (tracked)

The market is divided into three segments: mobile (tracked), portable (wheeled), and stationary. By 2030, the market share of portable mobility is anticipated to be the largest. Although they have existed for a while, portable plants have only just reached their peak. Portable plants can be set up in a number of ways to suit demands and are easy to carry because they occupy very little space.

by Application

Construction & Plant Modification
Mining
Foundries & Smelters
Stone Quarry
Material Recycling
Others

Construction & Plant Modification, Mining, Foundries & Smelters, Stone Quarry, Material Recycling, and Others are the market segments. By 2030, it is anticipated that the Construction & Plant Modification sector would have the biggest market share. The rising demand for construction and plant modification projects in both developed and emerging nations is one of the factors propelling the expansion of the construction and plant modification segment. During the projection period, this is the primary driver of the global market's growth.

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Industry Leaders: Key Players in Focus:

1. Sandvik AB
2. Metso
3. Kleemann
4. Eagle Crusher
5. Rubble Master
6. McCloskey
7. Terex Corporation
8. Astec
9. Blue Group
10. Parker Plant Limited
11. Komatsu Ltd.
12. Keestrack
13. DUO plc
14. PM Engineering Ltd.
15. Others

 

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