(MENAFN- America News Hour) Research Nester published a report titled
“crushing & screening equipment
market : Global Demand Analysis & Opportunity Outlook 2028”
which delivers detailed overview of the global crushing & screening equipment market in terms of market segmentation by product (crushing and screening equipment) and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
Despite various challenges related to contractual agreements, delay or cancellation of projects among others in the construction industry due to COVID-19, the project owners are confronting, managing and finding efficient solutions to deal with these issues.
On the back of high demand for crushing and screening equipment for crushing stones and minerals in building and mining applications, the global crushing and screening equipment market is estimated to touch USD 3,969.92 million by 2028 by growing at a cagr of 7.25% over the forecast period, i.e., 2020-2028. In 2019, the market garnered USD 2,114.61 million. On the basis of regional segmentation, the global crushing and screening equipment market is segmented into North America, Western Europe, and Rest of the World, out of which, the North America crushing and screening market held the market share of around USD 350 million in 2019. The market in Western Europe held the second stance and is further estimated to cross USD 570 million by the end of 2021, where the market in the U.K. is projected to grow with highest growth rate in this region owing to growth in construction sector and rising need of repair and maintenance in the buildings.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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The global market is bifurcated by product into crushing and screening equipment. Among these segments, the highest demand is estimated to be generated for crushing equipment. By growing at a CAGR of around 7%, the total demand by crushing equipment segment is anticipated to cross market value of USD 2,225 Million in 2028.
Infrastructural Advancements to Boost Market Growth
With people being driven toward improved standards of living with better employment opportunities and infrastructure, notable growth has been witnessed in urbanization over the years. For instance, as per The World Bank, the total urban population worldwide (% of total population) grew from 53.45 in 2014 to 55.71 in 2019. Moreover, various government initiatives and investments for construction and infrastructural developments are estimated to drive the demand for crushing and screening equipment around the globe. These are some of the major factors that are estimated to drive the growth of the market over the upcoming years.
However, rising carbon footprint due to usage of diesel as fuel in crushing and screening equipment might act as barrier to the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global crushing & screening equipment market which includes company profiling of Sandvik AB (STO: SAND), Metso, Kleemann, Eagle Crusher, Rubble Master, McCloskey, Terex Corporation (NYSE: TEX), and Astec among other players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global crushing & screening equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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