Asia-Pacific Crushing, Screening and Mineral Processing Equipment Market Size was valued at USD 9,110.7 million in 2022. The Asia-Pacific Crushing, Screening and Mineral Processing Equipment industry is projected to grow from USD 9,633.5 million in 2023 to USD 14,617.9 million by 2030, exhibiting a compound annual growth rate (CAGR) of 6.1% during the forecast period (2023 - 2030).
The factors like increasing use of crushing and screening equipment are used in various application such as construction, mining, agriculture and various purpose is helping in the growth of the market. Moreover, technological advancement is helping in the market growth. The challenges related to the high cost of the equipment; lack of skilled workers is restricting the market growth. Adoption and usage of smart features and automation is providing significant opportunity for the market expansion. Crushing, screening and mineral processing equipment is use in breaking or crushing the big size of rock, minerals and ore into small pieces for the use in the construction, mining, agriculture and other applications. The crushing equipment help in crushing the rock with the help of different types of crushing equipment as per the need. The screening equipment plays an important role in monitoring or screening the rock and separating it, for the usage. The equipment run on electric, diesel or in combination of both(hybrid).
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Crushers are equipment or machines which is generally used to reduce the size of rocks, stones and ore. They are often utilized or used in aggregates production, construction material recycling and in mining operations. There are various manufacturers who are developing the crushing machines and equipment, for instance Metso offering covers different gyratory crushers, jaw crushers, cone crushers and impact crushers – optimized for any size reduction need. They are offering the crushers especially for the mining operations. Compressive crushers are the equipment or machines that is use to press the material until it breaks, and impact crushers use this mentioned principle to crush the material. Jaw crushers are used as a machine to reduce the material into small size. There are other company, who offers the crushing equipment, for instance Core Company, they offer the best-in-class crushing technology. The company is delivering end-to-end crushing plants and manufacture equipment to the industries for their use and in making their work simple.
Minerals are precious and important natural resources that is an essential raw material for the mining industries. The vast resources of numerous metallic and non-metallic minerals that India is endowed with serve as a foundation for the expansion and advancement of the nation's mining industry. India is largely self-sufficient in metallic minerals including bauxite, chromite, iron ore, and lignite as well as mineral fuels like coal and lignite. The industry has the potential to significantly impact GDP growth, foreign exchange earnings, and give end-use industries like building, infrastructure, automotive, and electricity, among others, a competitive edge by obtaining essential raw materials at reasonable rates. Rise in infrastructure development and automotive production are driving growth. Power and cement industries are also aiding growth for the sector. Demand for iron and steel is set to continue given the strong growth expectations for the residential and commercial building industry.
The index of mineral production of the mining and quarrying sector for the month of September 2023 at 111.5, was 11.5% higher compared to the level in the month of September 2022. The index of mineral production of mining and quarrying sector for the month of January, 2023 (Base: 2011-12=100) at 135.9, is 8.8% higher as compared to the level in the month of January, 2022. As per the provisional figures of Indian Bureau of Mines (IBM), the cumulative growth for the period April- January, 2022-23 over the corresponding period of previous year is 5.8%. Due to the growth of the mining sector the use of crushing equipment is in demand. The crushers players an important role in breaking the rocks and help in the extraction of important minerals.
The Crushing, Screening An Mineral Processing Equipments Market segmentation, based on the equipment type, the Asia-Pacific Crushing, screening and mineral processing equipment market has been segmented into equipment type, mobility, power source and application. Based on equipment type, the global market has been divided into crushing equipment, screening equipment and mineral processing equipment. The Crushing Equipment segment accounted for the largest share of 58.49% due to their high use in various applications. The segment was valued at USD 5,329.0 million in 2022; it is expected to register a CAGR of 6.2% to reach USD 8,604.6 million by the end of 2030.
Based on the mobility, the Asia-pacific crushing, screening and mineral processing equipment market has been bifurcated into stationary and mobile. The stationary segment dominated the Asia Pacific crushing, screening and mineral processing equipment market with a share of 51.11%. The segment was valued at USD 4,656.5 million in 2022; it is expected to register a CAGR of 5.9% to reach USD 7,321.5 million by the end of 2030.
Based on the power source, the Asia-pacific crushing, screening and mineral processing equipment market has been bifurcated into diesel, electric and hybrid. The diesel segment accounted for the largest share of 64.56% as it is one of the majorly used because it is reliable and preferred option. The segment was valued at USD 5,882.3 million in 2022; it is expected to register a CAGR of 6.0% to reach USD 9,322.0 million by the end of 2030.
Based on the application, the Asia-pacific crushing, screening and mineral processing equipment market has been bifurcated construction, mining, agriculture, foundries and others. The Construction segment dominated the market with a share of 48.13% due to their growing application and usage in the industries. The segment was valued at USD 4,384.6 million in 2022; it is expected to register a CAGR of 6.3% to reach USD 7,095.4 million by the end of 2030.
The competitive landscape of the crushing, screening and mineral processing equipment market is influenced by several key players who offer products for various applications. Major market participants, including Terex Corporation, Sandvik AB, Metso Corporation, Komatsu Ltd., Astec Industries, Inc., The Weir Group plc, McLanahan Corporation, Wirtgen Group, ThyssenKrupp and Caterpillar Inc. These companies compete on the basis of product quality, innovation, price, customer service, and market share. Companies also engage in various strategic initiatives, such as mergers and acquisitions, partnerships, joint ventures, expansions, and investments, to enhance their market position and expand their product portfolio.
Companies are also focusing on developing new and innovative products that meet the specific needs of their customers. Companies will need to continue to innovate and expand their product offerings to remain competitive. For instance, on 21 September 2023, Metso expands crushing equipment capacity in India. Finland-based aggregates processing machinery firm says it has added 35 percent more capacity at its plant in Alwar, India. The Alwar expansion will facilitate the manufacturing of several Metso Group brands and products, including mobile Metso Lokotrack equipment, and mobile McCloskey International screening and Tesab Engineering crushing equipment. At the same site, Metso also produces wear parts and pumps for the aggregates and mining industries.
The Asia-Pacific crushing, mining and screening equipment market exhibits promising growth prospect driven by increasing infrastructural development, urbanization, and industrialization across the region. Key factor influencing market dynamics include technological advancements, rising demand for efficient and sustainable mining operations, and expanding exploration activities. Moreover, supportive government initiative and investments in mining infrastructure boost market expansion.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 9,110.7 million |
| Market Size 2023 | USD 9,633.5 million |
| Market Size 2030 | USD Â 14,617.9 million |
| Compound Annual Growth Rate (CAGR) | 6.1% (2023-2030) |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2018 to 2021 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and market dynamics |
| Segments Covered | Equipment Type, Mobility, power source, application, and Region |
| Geographies Covered | Asia Pacific |
| Countries Covered | Japan, China, India, Australia, New Zealand , Malaysia, south Korea, Singapore, Indonesia, Thailand, Vietnam, Philippines, Taiwan, Sri Lanka and Rest of Asia Pacific  |
| Key Companies Profiled | Terex Corporation, Sandvik AB, Metso Corporation, Komatsu Ltd., Astec Industries, Inc., The Weir Group plc, McLanahan Corporation, Wirtgen Group, ThyssenKrupp and Caterpillar Inc. |
| Key Market Opportunities | Development Of Automation and Smart Equipment |
| Key Market Dynamics | Rise In the Construction Activity Increase In Mining Activity |
Frequently Asked Questions (FAQ) :
The Crushing, screening and mineral Processing Equipment Market size was valued at USD 9,633.5 million in 2023.
Terex Corporation, Sandvik AB, Metso Corporation, Komatsu Ltd., Astec Industries, Inc., The Weir Group plc, McLanahan Corporation, Wirtgen Group, ThyssenKrupp and Caterpillar Inc.
The equipment type had the largest market share in the Crushing, Screening and Mineral Processing Equipment Market is Crushing Equipment.
The largest market share in the Crushing, Screening And Mineral Processing Equipment Market is Construction.
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Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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