PUBLISHER: Grand View Research | PRODUCT CODE: 1376063
PUBLISHER: Grand View Research | PRODUCT CODE: 1376063
The global mobile crushers and screeners market size is anticipated to reach USD 5.35 billion by 2030, according to a new report by Grand View Research, Inc.. The market is expected to expand at a CAGR of 4.9% from 2023 to 2030. The demand for mobile crushers & screeners is expected to grow owing to the increase in urbanization and infrastructure development. Moreover, the growing material recycling industry also presents a significant growth opportunity for the market.
The COVID-19 pandemic had a negative impact on the market for mobile crushers & screeners. While the market was growing steadily before the pandemic, it experienced a decline in 2020 due to the lockdowns and restrictions on construction and mining activities. Sandvik AB, a leading manufacturer of mobile crushers and screeners, reported a decline in its sales in the second quarter of 2020 due to the pandemic. Similarly, Terex Corporation, another major player in the mobile crushers and screeners market, reported a decline in its sales in the second quarter of 2020.
Many leading companies in the mobile crushers and screeners market, such as Sandvik AB, Metso Outotec, and KLEEMANN, are investing in electric-powered equipment. For instance, Sandvik launched its first electric-powered mobile crusher, the QE441, in 2018. The company also offers a range of electric-powered screeners and crushers, including the QI442 Impact Crusher and the QA451 Triple Deck Doublescreen.