Report ID: SQMIG20G2024
Report ID:
SQMIG20G2024 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
Mobile Crushers And Screeners Market size was valued at USD 2644.25 billion in 2021 and is poised to grow from USD 2794.98 billion in 2022 to USD 4354.9 Million by 2030, at a CAGR of 5.7% during the forecast period (2023-2030).
The mobile crushers and screeners market is expected to grow due to the increasing demand for infrastructure development projects. Mobile crushers and screeners are used in the construction industry to crush concrete debris and stones.
Infrastructure development in Asia-Pacific has led to large-scale foreign investment, which has subsequently increased demand for mobile crushers and screeners for infrastructure projects in various sectors.
Governments in nations like Indonesia, China, Japan, and India are starting construction projects and investing in infrastructure improvements and industrial growth.
In developing countries, the mobile crushing and screening industry faces challenges related to power shortages and poor road infrastructure. In rural areas of these countries, aggregate and construction companies also face problems during harsh weather conditions when roads become impassable.
These factors limit the growth of the market in developing countries. However, with improving economic conditions and government initiatives to improve infrastructure such as roads and railways, the impact of these factors can be mitigated.
US Mobile Crushers And Screeners Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG20G2024