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.
In 2019, the global crushing & screening equipment market attained USD 2,114.61 million and by 2028, the market is estimated to garner USD 3,969.92 million by growing at CAGR of 7.25% during the forecast period, i.e., 2020-2028. Regionally, the market is segmented into North America, Western Europe, and Rest of the World. The crushing and screening market in Western Europe is estimated to cross USD 570 Million by 2021, with the U.K. market witnessing highest growth rate during the forecast period. The growth of the global market can be attributed to various factors such as increasing government spending and growth in construction sector, rising urbanization, and continuous innovations in crushing and screening equipment among others.
Growth in Infrastructure and Construction Sector
According to The World Bank, globally, the total urban population (% of total population) in the year 2019 was 55.71 as compared to 54.82 in 2017.
Over the years, significant growth has been witnessed in the urban population on the back of rising disposable income and other factors. This has further raised the interest among people to live with high and advanced standards of living. On the back of these factors, there has been growth in infrastructure and construction projects globally. Moreover, various authoritative bodies are investing highly in technological advancements and infrastructure development. These are some of the major factors that are driving the demand for crushing and screening equipment market globally, thereby boosting the growth of the market.
However, environmental concerns over the CO2 emissions due to utilization of diesel in crushing and screening equipment are expected to operate as key limitations to the growth of 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), Astec and other prominent 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.