Crushing, Screening, and Mineral Processing Equipment Market Expected to Reach $40558.5 Million by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Crushing, Screening, and Mineral Processing Equipment Market," The Crushing, Screening, and Mineral Processing Equipment Market size was valued at $20614.1 million in 2020, and is estimated to reach $40558.5 million by 2032, growing at a CAGR of 5.6% from 2023 to 2032.

Crushers, screeners, and mineral processing equipment are mainly used for crushing stones or mineral ores, recycling construction waste, and producing aggregate. This equipment aims to reduce large solid raw material masses into smaller sizes. Moreover, it helps to change waste material form so that it can be simply disposed of or recycled. Furthermore, they are used for secondary and tertiary crushing to produce finished products and aim to crush materials between two parallel solid surfaces. Mineral processing mainly encompasses various stages in the mineral beneficiation chain. Main activities in mineral processing include exploration, mineral extraction, mining, mineral processing, smelting, refining, and semi-fabrication followed by final product manufacture. Growth in demand for metallic and non-metallic minerals boosts the crushing, screening, and mineral processing equipment market growth.

Growth in construction and infrastructure projects mainly drives the growth of the global crushing, screening, and mineral processing equipment market. The rise in urbanization as a result of an increase in population across the globe is another factor that propels the market demand. In addition, the increase in population results in a rise in mining activities across the globe, owing to development in the conveyance and transport sectors. This, in turn, drives demand for mining equipment, thereby driving demand for crushing, screening, and mineral processing equipment during the forecast period. In addition, growth in the focus of governments to invest in infrastructure followed by various technological innovations by key manufacturers serves as an opportunity for the market.

The increased emphasis by governments on infrastructure investment, coupled with ongoing technological innovations by leading manufacturers, represents a significant opportunity for the crushing, screening, and mineral processing equipment industry. This convergence of factors creates a conducive environment for the sector, as it aligns with the rising demand for efficient and sustainable equipment in large-scale infrastructure projects worldwide. Advanced machinery not only improves operational efficiency but also contributes to safety, environmental sustainability, and adaptability, positioning the industry to play a pivotal role in supporting and benefiting from the expanding infrastructure development initiatives. However, inadequate industry infrastructure followed by an increase in the level of carbon emission restrains the growth of the global crushing, screening, and mineral processing equipment market.

Furthermore, infrastructure projects related to road and highway construction, bridges, tunnels, and public transportation systems require vast quantities of construction materials, such as aggregates, cement, and asphalt. Crushing and screening equipment are essential for processing raw materials into the required sizes and quality for these projects. In addition, for mining and construction firms, purchasing mobile crusher, screening, and mineral processing equipment from suppliers based in other areas or nations is more economically feasible due to lower shipping expenses.

As a result of their products becoming more widely available, this could result in an expanded market for equipment producers. Additionally, mobile equipment can be used to undertake crushing and screening operations on-site. This is anticipated to significantly save transportation costs compared to stationary applications. Moreover, government initiatives and investments in infrastructure development, often as part of economic stimulus plans or long-term strategic goals, are projected to stimulate growth in the construction industry and subsequently drive demand for processing equipment. For instance, in April 2023, over $33 billion was allocated to public infrastructure projects across Canada by the federal government of Canada through the Infrastructure Program. Hence, infrastructure development is a major crushing, screening, and mineral processing equipment market opportunity.

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging crushing, screening, and mineral processing equipment market trends and dynamics. 
• Depending on the type, the crushing segment dominated the crushing, screening, and mineral processing equipment market, in terms of revenue in 2020.
• Depending on the application, the construction segment dominated the crushing, screening, and mineral processing equipment market share in terms of revenue in 2020.
• By sales type, the new equipment sales segment accounted for the highest revenue share in 2020.
• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the crushing, screening, and mineral processing equipment market analysis from 2020 to 2032 to identify the prevailing crushing, screening, and mineral processing equipment market opportunity.