Demand for Crushing and Screening Equipment to be Propelled by Growth in Construction Sector; Global Crushing and Screening Equipment Market to touch USD 3,969.92 Million by 2028

0
15

Despite various challenges related to contractual agreements, delay or cancellation of projects among others in the construction industry due to COVID-19, the project owners are confronting, managing and finding efficient solutions to deal with these issues.

Research Nester published a report titled β€œ*Crushing & Screening Equipment Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global crushing & screening equipment marketin terms of market segmentation by product (crushing and screening equipment) and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

For more informations:-https://www.researchnester.com/reports/crushing-and-screening-equipment-market/2843

On the back of high demand for crushing and screening equipment for crushing stones and minerals in building and mining applications, the global crushing and screening equipment market is estimated to touch USD 3,969.92 million by 2028 by growing at a CAGR of 7.25% over the forecast period, i.e., 2020-2028. In 2019, the market garnered USD 2,114.61 million. On the basis of regional segmentation, the global crushing and screening equipment market is segmented into North America, Western Europe, and Rest of the World, out of which, the North America crushing and screening market held the market share of around USD 350 million in 2019. The market in Western Europe held the second stance and is further estimated to cross USD 570 million by the end of 2021, where the market in the U.K. is projected to grow with highest growth rate in this region owing to growth in construction sector and rising need of repair and maintenance in the buildings.

The global market is bifurcated by product into crushing and screening equipment. Among these segments, the highest demand is estimated to be generated for crushing equipment. By growing at a CAGR of around 7%, the total demand by crushing equipment segment is anticipated to cross market value of USD 2,225 Million in 2028.

β€œThe Final Report will cover the impact analysis of COVID-19 on this industry.”

Infrastructural Advancements to Boost Market Growth

With people being driven toward improved standards of living with better employment opportunities and infrastructure, notable growth has been witnessed in urbanization over the years. For instance, as per The World Bank, the total urban population worldwide (% of total population) grew from 53.45 in 2014 to 55.71 in 2019. Moreover, various government initiatives and investments for construction and infrastructural developments are estimated to drive the demand for crushing and screening equipment around the globe. These are some of the major factors that are estimated to drive the growth of the market over the upcoming years.

However, rising carbon footprint due to usage of diesel as fuel in crushing and screening equipment might act as barrier to the growth of the market over the forecast period.

Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-2843

This report also provides the existing competitive scenario of some of the key players of the global crushing & screening equipment marketwhich includes company profiling of Sandvik AB (STO: SAND), Metso, Kleemann, Eagle Crusher, Rubble Master, McCloskey, Terex Corporation (NYSE: TEX), and Astec among other players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global crushing & screening equipment marketthat will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

Contact for more Info:

AJ Daniel

Email: info@researchnester.com

U.S. Phone: +1 646 586 9123

U.K. Phone: +44 203 608 5919

I am a professional blogger and Digital marketer and currently, I am working with Mixhubb, a self-managed online event platform. I have been researching and writing more on Customizable Online event platforms and Webinar platforms. It is because they have become the latest trend in the events industry. As a part of my research, I am looking for the most economical event-hosting platforms available in the market. And, talking of Mixhubb, It is an advanced 3D Online Event Platform that comes with infinite scalable opportunities & powerful integrations. This platform enables you to host immersive event experiences.Start Your Free Trial, Now!

LEAVE A REPLY

Please enter your comment!
Please enter your name here