The global Screening Equipment Market is poised for significant growth, reaching an estimated US$ 7.43 billion in 2024. This market is projected to continue its upward trajectory, expanding at a CAGR of 5.6% from 2024 to 2034, ultimately reaching a value of US$ 12.82 billion by 2034.
The robust growth of the construction and mining industries is a primary driver of this market expansion. As infrastructure and construction projects continue to increase, the demand for screening equipment rises accordingly. This demand is also fueled by the adoption of automation technology, which enhances efficiency and productivity in these industries.
The United States is expected to be a major player in this market, holding a significant market share in North America and globally. The country’s rapid expansion of construction and mining industries, along with its high adoption of automation technology, technological advancements in equipment design, and rising demand for construction materials, position the United States as a leading force in the screening equipment market.
Dry screening equipment is particularly popular, accounting for a large portion of overall product sales.
Key Takeaways from Market Study:
* The global market for screening equipment is projected to expand at a CAGR of 5.6% from 2024 to 2034.
* The market is forecasted to climb to a value of US$ 12.82 billion by 2034.
* The market in the United States is expected to reach US$ 1.72 billion in 2024.
* Germany is projected to occupy a market share of 17.8% in Western Europe in 2024.
* The mining segment is forecasted to reach a size of US$ 3.35 billion by 2034.
* The market in Western Europe is projected to expand at a CAGR of 5.5% from 2024 to 2034.
Leading Players Driving Innovation in the Screening Equipment Market:
Key players in the screening equipment market include:
* Terex Corporation
* The Weir Group PLC
* Sandvik AB
* NAWA Engineers & Consultants (P) Ltd.
* Fredrik Mogensen AB
* Vulcan Industries Inc.
* Haver Niagara GmbH
* Hillenbrand Inc. (Rotex)
* Derrick Corporation
* SMICO Manufacturing Inc.
* Volvo Construction Equipment
* FLSmidth & Co. A/S
* Eagle Crusher Company, Inc.
* Metso Outotec Corporation
* Deere & Company (Kleemann GmbH)
* McCloskey International Ltd.
* Screen Machines Industries
* Rubble Master Hmh GmbH
* ThyssenKrupp AG
* Kleemann GmbH
Large Infrastructural Projects in Europe Driving Market Expansion:
The construction industry in Europe and North America is experiencing rapid growth, driven by globalization and increased investments. The construction industries in these regions are highly innovative, leading to advancements in market capabilities and the use of cutting-edge mobile crushing and screening machines. This, combined with the growing number of large construction projects, is driving increased demand for screening machines and equipment.
Screening Equipment Industry News:
*
April 2023:
Epiroc completed the purchase of South African mining equipment manufacturer AARD Mining Equipment, known for its low-profile underground technology for mines with short mining heights.*
June 2021:
German construction equipment manufacturer Kleemann GmbH unveiled the MCO 90 EVO2 crusher, a high-performance mobicone with a 270 t/h feeding capacity and advanced overload systems, designed for mining and quarrying industries.
Segmentation of Screening Equipment Market Research:
*
By Type:
Wet, Dry*
By Product:
Screen Panels, Trommel Screens, Gyratory Equipment, Vibratory Equipment*
By End Use:
Oil & Gas, Construction, Industrial, Mining, AgricultureThe report provides a comprehensive analysis of the screening equipment market for the period 2019 to 2023 and offers forecast statistics for 2024 to 2034. It delves into market insights based on type, product, and end use across seven major regions worldwide.
