Crushing, Screening, and Mineral Processing Equipment Global Market Report 2024

The crushing, screening, and mineral processing equipment market has grown steadily in recent years. It will grow from $15.21 billion in 2023 to $15.77 billion in 2024 at a compound annual growth rate (CAGR) of 3.6%. The expansion observed during the historical period can be ascribed to various factors, including the growth of the mining industry, an upsurge in construction activities, heightened demand for metals and minerals, government initiatives in infrastructure development, the globalization of mining operations, and the implementation of environmental regulations.

The crushing, screening, and mineral processing equipment market is expected to see steady growth in the next few years. It will grow to $18.65 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The anticipated expansion in the forecast period can be credited to a heightened emphasis on sustainable practices, exploration of novel mining sites, the burgeoning recycling industry, substantial global infrastructure investments, and a rising demand for specialty minerals. Key trends expected during this period encompass the adoption of modular and scalable solutions, the integration of artificial intelligence, customization tailored to specific minerals and applications, increased collaborations and partnerships, as well as the pervasive use of data analytics and automation.

The surge in demand for mineral commodities is anticipated to drive the growth of the crushing, screening, and mineral processing equipment market in the foreseeable future. Mineral commodities, derived from the Earth's crust, necessitate the use of equipment to separate ores and mineral products from the accompanying rock and gangue. A noteworthy illustration is the estimate provided by the USGS (United States Geological Survey) in February 2023, indicating that industries reliant on nonfuel mineral materials generated an estimated $3.64 trillion in value-added products in 2022, reflecting a substantial 9% increase from the previous year. The predicted value of all industrial mineral production in the United States in 2022 reached $63.5 billion, constituting nearly 65% of the total value of mine production in the country. Consequently, the escalating demand for mineral commodities serves as a driving force behind the growth of the crushing, screening, and mineral processing equipment market.

The upswing in construction projects is poised to contribute to the growth of the crushing, screening, and mineral processing equipment market in the upcoming period. Construction projects encompass planned initiatives involving the development, creation, or modification of structures, buildings, infrastructure, or facilities. The utilization of crushing, screening, and mineral processing equipment in construction projects facilitates the extraction, processing, and preparation of raw materials. Notably, data from The United States Census Bureau in November 2023 indicates that the number of privately-owned housing completions in October 2023 totaled 1,410,000 construction projects, marking a significant 4.6% increase from the 1,348,000 recorded in October 2022. Hence, the escalating number of construction projects acts as a catalyst for the growth of the crushing, screening, and mineral processing equipment market.

Product innovation stands out as a prominent trend gaining momentum in the crushing, screening, and mineral processing equipment market. Companies within this sector are actively engaged in the development of inventive products to solidify their market standing. A noteworthy example occurred in June 2021 when Kleemann GmbH, a Germany-based construction equipment manufacturer, introduced the mobicone MCO 90 EVO2 crusher. This high-performance machine, tailored for mining and quarrying applications, boasts a feeding capacity of 270 t/h and features intelligent overload systems. The launch underscores the growing demand for equipment capable of handling substantial material volumes and operating efficiently in challenging conditions. It also reflects manufacturers' ongoing commitment to providing innovative solutions for mining and quarrying companies, aiming to enhance productivity, efficiency, and sustainability.

Major players in the crushing, screening, and mineral processing equipment market are directing their efforts toward the development of electric products, specifically electric crusher equipment. This category refers to machinery designed for material crushing or breakdown utilizing electric power. In October 2023, Finland-based Metso Corp., a company focused on sustainable technologies, unveiled the 'Lokotrack EC' crushers and screens. This latest range integrates diesel-electric power, offering fully automated and electrical process functions. The Lokotrack EC range signifies a leap in crushing technology and digital tools, enhancing the efficiency of crushers and screeners.

In November 2022, Sweden-based global engineering company Sandvik AB concluded the acquisition of the mining segment of Schenck Process Group (SP Mining), an industrial machinery manufacturing company based in Germany and operating in the crushing, screening, and mineral processing equipment market. The acquisition is anticipated to fortify Sandvik's position in the mining equipment sector, expanding its portfolio of products and services for the mining industry.

Major companies operating in the crushing, screening, and mineral processing equipment market report are Terex Corporation, Sandvik AB, Astec Industries Inc., Kleemann GMBH, Mccloskey International, Metso Corporation, Screen Machine Industries LLC, Caterpillar Inc., Eagle Crusher Company Inc., Rubble Master HMH GmbH, Hongxing group, Shanghai Shibang Machinery Co.Ltd., Premier Tech, Senya Tech, Wirtgen Group, Northern Heavy Industries Group Co. Ltd., ThyssenKrupp AG, VibraScreener Inc., Eriez Manufacturing Co., Chengdu Dahongli Machinery Co.Ltd., Meka Crushing & Concrete Batching Technologies, Lippmann-Milwaukee Inc., Komatsu Ltd., Joy Global Inc., FLSmidth & Co. A/S, Weir Group PLC, McLanahan Corporation, Superior Industries Inc., Deister Machine Company Inc., Telsmith Inc., Cedarapids Inc., Hazemag & EPR GmbH, BHS-Sonthofen GmbH, Bühler AG, Mogensen GmbH & Co. KG, General Kinematics Corporation.

Asia-Pacific was the largest region in the crushing, screening, and mineral processing equipment market in 2023. Europe is expected to be the fastest-growing region in the global crushing, screening, and mineral processing equipment market during the forecast period. The regions covered in the crushing, screening, and mineral processing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the crushing, screening, and mineral processing equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of such equipment comprise crushing equipment, screening equipment, and mineral processing equipment. Crushing and screening equipment denote machinery utilized for the disintegration, separation, and conveyance of raw materials in sectors such as mining, construction, and recycling. The equipment's mobility options span stationary, portable, and mobile configurations, catering to diverse applications including construction and plant modification, mining operations, foundries and smelters, among others.

The crushing, screening, and mineral processing equipment market research report provides crushing, screening, and mineral processing equipment market statistics, including crushing, screening, and mineral processing equipment industry global market size, regional shares, competitors with a crushing, screening, and mineral processing equipment market share, detailed crushing, screening, and mineral processing equipment market segments, market trends and opportunities, and any further data you may need to thrive in the crushing, screening, and mineral processing equipment industry. This crushing, screening, and mineral processing equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The crushing, screening, and mineral processing equipment market consists of sales of jaw crushers, cone crushers, gyratory crushers, and impact crushers, vibrating screens, trommel screens, and static screens, magnetic separators, gravity concentrators, and flotation machines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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