Asia Pacific Led Global Mobile Crushers and Screeners Market in 2014, to Expand at 3.16% CAGR from 2015 to 2023
Transparency Market Research has released a new market report, titled “Mobile Crushers and Screeners Market, by Product (Mobile Crushers and Mobile Screeners) – Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2015–2023”. According to this report, the global mobile crushers and screeners market was valued at US$2.08 bn in 2014 and is anticipated to reach US$2.64 bn by 2023 at a CAGR of 2.72% from 2015 to 2023.
Mobile crushers and screeners are principally small-scale stationary crushing and screening equipment that are mounted on a tracked or wheeled platform. These are utilized mostly to convert large-sized rocks into small-sized ones and to screen them according to the preferred sizes. Sufficient force is applied to the material to be crushed between two tangent or parallel solid surfaces. It generates sufficient energy to crush the material through fracturing. The global market for mobile crushers and screeners is growing rapidly, primarily driven by the construction industry, including infrastructural projects such as dams, railway ballast, airports, expressways, and national highways. Mobile crushers and screeners are transported to the work site where these equipment can move within the site to process the aggregate. Stationary crushers and screeners require more manpower to transfer material from one place to another. However, mobile crushers and screeners can be placed near to the work location; they reduce extra cost required for manpower.
Browse the full report at http://www.transparencymarketresearch.com/mobile-crushers-screeners-market.html
In terms of geography, the mobile crushers and screeners market has been segmented into four regions: Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific was the largest market for mobile crushers and screeners, accounting for 43.89% share of the global market in 2014. Rapid infrastructure growth in China and India is the major driver of the mobile crushers and screeners market in Asia Pacific. Rest of the World was the second-largest market for mobile crushers and screeners in 2014. Growth in the construction industry and increasing urbanization in Brazil, Argentina, and Nigeria are the major drivers of the mobile crushers and screeners market in Rest of World. North America was the third-largest market for mobile crushers and screeners in terms of market share in 2014. The market in Europe is expected to witness slow growth in the near future due to the economic slowdown in Europe.
Demand for mobile crushers and screeners is expected to increase gradually in the near future due to growth in the infrastructure sector globally. The global mobile crushers and screeners market has been segmented as follows:
Mobile Crushers and Screeners Market: By Product
- Mobile Crushers
- Mobile Screeners
Mobile Crushers and Screeners Market: By Geography
- Asia Pacific
- North America
- Rest of the World