Crushing & Screening Equipment Market Trends

Growth Drivers

• Rising Commercial and Industrial Applications: Growth in infrastructure and construction projects comprising building construction and other industrial applications is driving the demand for crushing and screening systems. This growth is backed by the rise in urban population with advanced living standards around the globe. As per The World Bank, the overall urban population (% of total population) was 55.7 in 2019 worldwide. Moreover, the urban population is estimated to witness an average annual rate of change of 1.68 during 2018-2030, and 1.28 over 2030-2050 (as stated by United Nations). Additionally, numerous regulating organizations are significantly investing in the infrastructure and technological innovations around the world. These are some of the significant factors that are estimated to boost the growth of the crushing and screening systems market.

Challenges

• Concerns Related to CO2 Emissions: The usage of diesel as operation fuel in crushing and screening systems results in CO2 emission, further raising the concerns on environment safety. Moreover, stringent safety regulations due to hazardous nature of work might act as barriers to the growth of the crushing and screening systems market.