According to a study by Persistent Market Research, sales of mobile crushers and screeners are set to reach US$5 billion by 2029 on the back of heightened demand from the mining industry.
Mobile crushers and screeners are adaptable to many mobile crushing operations in the mining industry. Low transportation costs and flexible configuration, combined with easy maintenance are some of the features which help make the equipment more reliable. Mobile crushers and screeners can be customised on an operation basis, and also combined with other machines in a production line.
The global mobile crushers and screeners market is projected to increase at a CAGR of 7.8% during the forecast period of 2019 – 2029.
Market study highlights:
- With urban infrastructure development, the mobile crushers segment is expected to witness growth in the market. Jaw crushers, cone crushers, and impact crushers fall into the category of mobile crushers. Jaw crushers are the most preferred ones under this categorisation.
- The outcome of the growth of infrastructure in various emerging economies of South East Asia & Pacific is large-scale foreign investment, which subsequently drives the demand for mobile crushers and screeners for infrastructure projects across different sectors. Certain government-initiated infrastructure schemes are ushering constructional activities in the public works department targeting the mining and construction equipment industry.
- The mining segment is projected to dominate the market, as it encourages advanced technical features along with higher equipment efficiency in mobile crushers and screeners.
- Customisation of mobile crushers and screeners, as per builders' specifications for the landscaping of specific sites, is expected to create a positive impact on the global market, considering the versatility of the equipment.
Read the article online at: https://www.globalminingreview.com/finance-business/16012020/mobile-crusher-and-screener-sales-to-reach-us5-billion-by-2029/
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