Page 12 - Construction_Opportunities_June_2024

COVER STORY

Mobile Crushing Market the material on-site, thus reducing the need to transport bulky,
According to Mordor Intelligence, the Mobile Crushers and unprocessed rocks and ores. Furthermore, they are designed for
Screeners Market size is estimated at US$3.10 billion in 2024, and heavy-duty operations and can handle large-sized materials that
is expected to reach US$4.08 billion by 2029, growing at a CAGR of are found in mining and major infrastructure projects. Their high
5.68% during the forecast period (2024-2029). Mobile crushers and capacity makes them a cost-effective solution for large-scale
screeners are a form of stationary crushers and screeners, which operations. Additionally, the recent technological advancements
are mounted either on wheels or on tracks. They are emerging to increase the efficiency and productivity of mobile crushers
crushing equipment, showing high potential for growth over and are boosting the market growth. Moreover, the integration of
beyond the forecast period. As these rock-crushing machines are automation, global positioning system (GPS) tracking, and
easily movable on and between production sites, their demand remote diagnostics, which improves operational efficiency and
has witnessed continuous growth in mining operations, aggregates enhances worker safety, is positively influencing the market growth.
production, recycling, and applications across several other end- Besides this, mobile crushers are compatible with various types of
user industries. screening equipment, which allows more versatile applications
A significant factor driving the growth of the market is the growing and comprehensive processing operations. In addition, the
demand for reduced transportation and fuel costs, as mobile growing focus on sustainability and reducing carbon footprint has
crushers can be easily transported and installed at places heightened the use of mobile crushers, as they facilitate on-site
intended to be used for a short period. The cost efficiency of recycling of construction waste.
mobile crushers increases proportionally to the routes to the The growing demand for mobile crushing and screening
crushers and the distances in the quarries, which influences the equipment encourages vendors to launch innovative solutions.
overall operational cost, thereby driving their adoption. Vendors are also focusing on integrating advanced technologies,
In recent years, the capabilities of mobile crushers have also such as automation and IoT, to enhance the capabilities of
expanded significantly owing to the technological developments these devices. For instance, in August 2023, the Wirtgen Group
developing their use cases. For instance, mobile crushers and introduced its latest model of mobile crushers, the MOBIREX MR
screeners are increasingly finding applications in open pit mines. 100(i) NEO/NEOe. The crusher is an all-electric machine designed
Hence, the increasing mining activities across various regions are to operate in confined areas on construction sites. The spectrum of
also anticipated to create a favourable outlook for the studied operations includes soft to medium-hard natural stone processing
market’s growth during the forecast period. and various recycling applications, including processing debris,
Mobile crushers are dominating the market as they process concrete, and asphalt.

12 CONSTRUCTION OPPORTUNITIES|JUNE 2024