Global Crushing Screening And Mineral Processing Equipment Market Size 2024, Forecast To 2033

The crushing, screening, and mineral processing equipment market has experienced steady growth, progressing from $15.21 billion in 2023 to $15.77 billion in 2024 at a compound annual growth rate (CAGR) of 3.6%. This growth during the historical period is attributed to the expansion of the mining industry, the rise in construction activities, increased demand for metals and minerals, government investments in infrastructure, the globalization of mining operations, and compliance with environmental regulations. Moving into the future, the market is expected to continue its steady growth, reaching $18.65 billion in 2028 at a CAGR of 4.3%. The projected growth in the forecast period is linked to factors such as a heightened focus on sustainable practices, exploration of new mining sites, growth in the recycling industry, global investments in infrastructure, and rising demand for specialty minerals. Key trends in the forecast period include the implementation of modular and scalable solutions, the integration of artificial intelligence, customization for specific minerals and applications, collaborations and partnerships, and advancements in data analytics and automation.