Market Trends of Mobile Crushers And Screeners Industry
Aggregate Processing to be the Largest End-user Industry
- Aggregates, also known as "inert granular material such as sand, gravel, or crushed stone," are sometimes referred to as "construction aggregates." The process of aggregate processing can vary depending on the specific material required, but it generally involves two essential steps: extraction and screening. Additionally, crushing is often involved in most of the aggregate processing.
- The rising demand for construction materials and the need for efficient processing methods have led to the increasing use of mobile crushers and screeners in aggregate processing. Mobile crushers and screeners provide a convenient and cost-effective solution to meet this demand, as they allow contractors to process materials on-site and avoid the hassle of transporting materials to and from a fixed processing facility.
- The rapid growth of the construction industry plays a vital role in driving the demand for mobile crushers and screeners. These devices are widely utilized in residential, commercial, and industrial construction projects to efficiently handle substantial volumes of materials and recycle construction waste directly at the site. Additionally, due to their mobility, convenience, and effectiveness, mobile crushers and screeners are highly suitable for extensive construction undertakings. They enable builders to cut costs by minimizing waste and eliminating the need for transporting materials to and from crushing facilities.
- According to Office for National Statistics (UK), In the first quarter of 2024, the gross value added (GVA) of the construction industry in the United Kingdom 45.83 USD Billion
- The growing trend of green building and sustainable construction practices highlights the importance of recycling and reusing materials, thereby directly impacting the necessity for mobile crushers and screeners. With the construction industry expanding due to new projects and renovation endeavors, there will be an ongoing increase in the demand for these machines.
- There is a growing demand for aggregate materials such as cement, ready-mix concrete (RMC), crushed stone, asphalt, sand, and gravel. As a result, there is an increasing necessity to produce these materials in order to meet this demand.
- In recent decades, there has been significant evolution in tracked crushing plants, with continuous updates to their designs to meet the market's demand. The increasing emphasis on recycling concrete and asphalt, among other materials, has created a strong demand for smaller and more mobile crushers in the aggregate processing industry.
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Asia Pacific is Expected to Register Significant Growth
- China has one of the largest construction markets in the world. Changes in government regulations and policies have significantly impacted this market. Stimulus investment in infrastructure, which is expected to continue over the next few years, will remain a significant driver of industry growth.
- The 14th Five-Year Plan of China focuses on new infrastructure projects in the transport, energy, water, and new urbanization sectors. According to the ITA estimates, during the 14th Five Year Development Plan period (2021-2025), investments in new infrastructure would total around CNY 27 trillion (USD 4.2 trillion).
- The construction industry in India is expected to receive a significant boost in 2023, which will be stimulated by an enormous increase in capital expenditure as part of the FY 2023/2024 Budget. In its latest budget, the government increased its total spending by 7.5%, from an estimated INR 41.9 trillion (USD 522.2 billion) in FY 2022/2023 to INR 45 trillion (USD 561.6 billion) in 2023/2024.
- Additionally, the government has raised its allocation to the state-owned National Highway Authority of India (NHAI) by 14% to INR 1.6 trillion (USD 20.2 billion). India has also announced record high investment in railway infrastructure at INR 2.4 trillion (USD 29.9 billion) for the Ministry of Railways. Because of the increased production of aggregates and M-sand due to investment in infrastructure projects, the demand for capital equipment such as Crushers and Screens is expanding, which means that the market is expected to rise over the years ahead.
- The construction sector is an essential component of the Japanese economy. According to the MLIT (Japan), the total investment in construction in Japan was estimated to be 12.3% of GDP in FY 2022. Japan has the world's most extensive urban infrastructure. In response to many phases, the Japanese strategy for infrastructure development has highlighted the importance of striking a balance between economic growth and sustainability.
- The mobile crushers and screeners market growth is anticipated to be high during the forecast period, owing to increased mining and construction activities in the Asia Pacific countries. They are widely used in stone quarry applications as it is the parent industry of all infrastructure projects; the increasing infrastructure development in commercial, industrial, and residential sectors in Asia-Pacific will support the market growth during the forecast period.
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