PORTLAND, Oregon, October 20, 2016 /PRNewswire/ --
A new report published by Allied Market Research, titled, "Mobile Crushers and Screeners Market: Global Opportunity Analysis and Industry Forecast, 2014-2022", projects the market to reach $2,550 million by 2022. Mobile Crushers dominated the market in 2015 and is estimated to maintain its position throughout 2014-2022. Asia-Pacific was the leading region in 2014 accounting for around 48% of the global market.
Summary of the Mobile Crushers and Screeners Market Report can be accessed on the website at: https://www.alliedmarketresearch.com/mobile-crushers-and-screeners-market
The key factors that drive the market for mobile crushers and screeners is the growth in urban infrastructure development and the growth in construction industry in Asia-Pacific and LAMEA. By utilization of mobile equipment, the crushing and screening process can be conducted at the site which can significantly reduce the costs associated with transportation of materials in case of stationary applications. Increase in urbanization in emerging countries has boosted the need for infrastructure development. Governments in these countries are also making significant investment in the development of roads, railway tracks, and airports where the application of mobile equipment become inevitable. Companies are also developing equipment with advanced features such as high performance, high mobility, larger capacity hoppers and 3 deck screens that have potential to further strengthen the market growth.
The market growth for mobile crushers and screeners is being restricted due to inadequate infrastructure facilities required for operation of these equipment and due to their high carbon emissions. Infrastructure problems such as continuous power supply, improper roads, inadequate rail and airport links, and water supply problems restrict the market growth. Majority of the equipment used presently function on diesel, which releases high carbon emissions and imposition of carbon regulations can have significant impact on the market.
Mobile crushers accounted for around 73.8% of the overall market in 2015. The market for these equipment is estimated to have significant growth over the forecast period mainly due to increase in mining and construction activities in the emerging countries. The equipment's increase in application in material recycling sector further contributes to the market growth. The mobile crushers segment is further bifurcated into jaw crushers, impact crushers, cone crushers, and others. Jaw crushers was the most dominant type mainly due to their high application in primary crushing of aggregates.
"The market for mobile crushers and screeners is expected to grow mainly due to increase in construction and mining activity in the emerging countries. Development of new mobile crushers offering high efficiency and flexible configuration will also have substantial impact on the growth of the market. The growth in need for equipment that offer better operational efficiency also affects the market for mobile crushers and screeners" as stated by Deepankar Bose, Manager, Construction Equipment Research Domain at AMR.
Based on application, the mobile crushers and screeners market has been segmented into stone quarry, construction, mining, material recycling, and others. Stone quarry was the most dominant application for mobile crushers and screeners in 2014 and is expected to maintain its position over the forecast period. The fastest growing application sector for mobile crushers and screeners is the construction industry, which is estimated to grow at a CAGR of 6.3% over the forecast period 2016-2022. The increase in infrastructure development in industrial, commercial, and residential sector in the Asia-Pacific region drives the growth.
The mobile screeners market based on their type is further segmented into vibrating and gyratory screeners. Vibratory screeners accounted for majority share of around 70% in 2015 and is expected to maintain its dominant position over the analysis period. The dominant position of vibratory screeners is due to its high capacity and efficiency. Vibratory screeners segment is also estimated to have the fastest growth during the forecast period.
The market for mobile crushers and screeners on the basis of geography is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the most dominant regional market for mobile crushers and screeners and is expected to maintain its dominant position over the forecast period. Asia-Pacific region is also expected to be the fastest growing regional market owing to increase in infrastructure development in countries such as China, India, and Japan. Growth in urbanization in the region has forced governments in these countries to invest in several infrastructure projects such as construction of bridges, flyover, and railroads, which help the market growth in the construction segment.
Key findings of the study:
- In 2015, stone quarry segment led the market revenue, and is projected to grow at a CAGR of 4.1 % during the forecast period.
- Construction segment is expected to grow at a significant CAGR of 6.3%, owing to rise in building activities.
- Mining segment is projected to grow at a CAGR of 5.8%.
- The jaw crushers segment is estimated to grow at the highest CAGR during the forecast period.
- China is the major shareholder, accounting for about 48% share of the Asia-Pacific mobile crushers and screener's market.
Key players focus to expand their business operations in the emerging countries, with new product launches as a preferred strategy. The major players profiled in this report include Komatsu Ltd., Sandvik AB, Terex Corporation, SBM Mineral processing, Kleemann GmbH, McCloskey International, Anaconda Equipment Ltd., Metso Corporation, Astec Industries Inc., and Lipmann Milwaukee, Inc.
Summary of Similar Reports can be viewed at: https://www.alliedmarketresearch.com/construction-&-manufacturing/equipment-and-machinery-market-report
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
SOURCE Allied Market Research