Global Crushing & Screening Equipment Market
Crushing and Screening Systems Market size was valued at USD 3.38 billion in 2023 and is set to exceed USD 8.55 billion by 2036, registering over 7.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of crushing and screening systems is evaluated at USD 3.58 billion.
Crushing and screening systems are used in mining industry to turn big pieces of stones into smaller size which can be used in the construction sector. There are different types of crushers and screening systems. Depending on the requirement, the size and utility of crushers can differ, i.e., heavy, smaller or portable. The heavy-duty crushing equipment include jaw and cone crushers that are meant to handle large pieces of raw material.
This growth of the market can be attributed to rising construction activities and infrastructure projects across the globe. Moreover, the continuous innovation and development in crushing and screening systems that use new and improved technologies in order to reduce carbon emissions, is driving the demand for these equipment.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
7.4% |
Base Year Market Size (2023) |
USD 3.38 billion |
Forecast Year Market Size (2036) |
USD 8.55 billion |
Regional Scope |
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The global crushing and screening systems market is segmented by product into crushing and screening systems. The crushing equipment is further segmented into jaw-, cone-, and impact crushers, and others, whereas, the screening equipment is segmented into free fall-, and roller screens, scalpers, and others. The revenue generated by new demand for these equipment is estimated to be higher as compared to replacement demand for the same. The overall revenue to be attained by total demand by crushing equipment revenue share of 25.96% in 2036, by growing at a CAGR of around 7% over the forecast period.
by Product |
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On the basis of geography, the global crushing and screening systems market is segmented into North America, Western Europe, and Rest of the World. Europe industry is set to hold largest revenue share by 2036, due to increase in investments from government and private sector, and spending in construction sector. In western Europe, the U.K. crushing and screening systems market is estimated to witness highest growth rate throughout the forecast period on the back of rise in repair and maintenance pertaining to the buildings, and growing construction industry.
Author Credits: Richa Gupta
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