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Mobile Crushers and Screeners Market Revenue to Attain USD 6.30 Bn by 2033
04 Dec 2024
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Mobile Crushers and Screeners Market Revenue and Trends 2023 to 2033
The global mobile crushers and screeners market revenue surpassed USD 4.01 billion in 2024 and is predicted to attain around USD 6.30 billion by 2033, growing at a CAGR of 5.16% during the forecast period. Rising construction and mining activities and infrastructural development are boosting the demand for mobile crushers and screeners.
Market Overview
Mobile crushers and screeners are mostly used in the mining, recycling, and construction industries to crush and screen minerals, stones, and other materials that are used across several applications. Mobile crushers crush the rocks and stones into smaller pieces, while mobile screenings separate the materials according to size. With the increasing construction and mining activities, the use of mobile crushers and screeners is rising, as they are essential in material handling.
The rising demand for construction materials such as marble, granite, limestone, sand, and gravel is expected to boost market growth. In addition, increasing technological advancements further contribute to market expansion. Integrating technologies like artificial intelligence and machine learning makes crushers and screeners more efficient, enabling real-time monitoring and enhancing operational efficiency.
Report Highlights of the Mobile Crushers and Screeners Market
On the basis of type, the crushers segment dominated the market with the largest share in 2023. This is mainly due to the heightened use of crushers in the construction industry. Crushers can handle a variety of materials, ensuring that excavated rocks are reduced to a size that can be processed further. The rising development of roads, bridges, and high-rise buildings further boosts the segment. Moreover, with the rising environmental concern, the development of electric crushers is increasing. For instance, in May 2024, Metso launched the first diesel-electric crusher, primarily designed for crushing hard rocks, recycling aggregates, and reducing CO2 emissions.
Based on application, the mining and quarry segment dominated the market for mobile crushers and screeners in 2023. This is primarily due to the increasing mining activities, boosting the demand for precise and effective equipment for extracting materials such as iron ore, coal, and granite.
Mobile Crushers and Screeners Market Trends
Rising Construction Activities: With increasing urbanization, the development of roads, highways, and bridges is rapidly increasing, boosting the need for mobile crushers and screeners. Moreover, governments are investing heavily in commercial and residential construction projects, which contribute to market expansion.
Increasing Mining Activities: The rising demand for metals and minerals across several industries, such as electronics and construction, is a major factor boosting mining activities to extract minerals. However, crushers and screeners are helpful in material handling, streamlining operations, and enhancing overall efficiency.
Rising Urbanization: With the rising urbanization, governments are focusing on infrastructural developments, such as roads, bridges, and highways. Moreover, rising smart city initiatives by governments are accelerating construction activities, significantly boosting the growth of the market.
Regional Insights
In 2023, Asia Pacific led the mobile crushers and screeners market. This is mainly due to the rise in urbanization and construction activities in emerging countries like India, Japan, and China. Moreover, the extraction of raw materials has increased due to the heightened demand for construction materials. The increasing government's focus on smart city developments further contributes to regional market expansion.
For instance, according to a report published in August 2024, India is embarking on a journey to create new industrial cities as "Smart Cities," where next-generation technologies seamlessly integrate across various infrastructure sectors. By fostering the development of these futuristic industrial hubs, the Government of India is positioning the country as a global leader in manufacturing and investment.
On the other hand, North America is expected to be the fastest-growing region in the mobile crushers and screeners market in the coming years. This is mainly due to the rising shift toward sustainable practices and the adoption of advanced technologies in the construction industry. Moreover, the rising construction of high-rise buildings contributes to regional market growth.
Mobile Crushers and Screeners Market Coverage
Report Attribute
Key Statistics
Market Revenue in 2024
USD 4.01 Billion
Market Revenue by 2033
USD 6.30 Billion
CAGR
5.16% from 2024 to 2033
Quantitative Units
Revenue in USD million/billion, Volume in units
Largest Market
Asia Pacific
Base Year
2023
Regions Covered
North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Market News
In October 2024, Rubble Master launched the RM J110X, the company’s first mobile Jaw crusher engineered for processing hard natural rocks in mines and quarries.
In September 2024, Sandvik launched new Essential Maintenance Packages for its range of mobile crushing and screening equipment to help customers obtain peak performance & maximize uptime.
In June 2024, Propel Industries entered into a partnership with Omega Crushing and Screening to accelerate the development of state-of-the-art crushing and screening solutions.
Market Segmentation
By Type
Crushers
Jaw Crushers
Impact Crushers
Cone Crushers
Others
Screeners
Incline Screeners
Horizontal Screeners
Scalping Screeners
Others
By Application
Mining and Quarry
Construction Aggregates
Material Recycling
Others
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