by gubtcasting
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The crushing and screening industry’s global aftermarket market has seen significant growth in recent years, and the trends and hot topics in this area are worth examining. In this post, we’ll take a closer look at the latest trends in the aftermarket market, including growth rates of aftermarket parts sales, market share of aftermarket services, and hot topics like green initiatives and digital transformation.
| Indicator | Year | Market Size (in billions) | Hot Topics |
| Market Size | 2017 | 2.08 | Advancements in equipment technology |
| Market Size | 2018 | 2.61 | Automation |
| Market Size | 2019 | 2.71 | Digitalization |
| Market Size | 2020 | 2.91 | Sustainability |
| Market Size | 2021 | 23.5 | – |
Global Aftermarket Market Size
As indicated in the table, the global aftermarket market size for crushing and screening has been increasing year-on-year, and reached USD 23.5 billion in 2021. This trend is driven by increasing market demand in the industry, as well as increased investment in infrastructure construction by governments around the world, which has boosted demand for aftermarket services in the industry.
Growth Rate of Aftermarket Parts Sales
The growth rate of aftermarket parts sales has been increasing year-on-year, although the rate of growth has slowed down somewhat. This is mainly due to intensifying market competition, as well as a gradual increase in market saturation. To meet diverse customer needs, businesses must undergo digital transformation to enhance the value of their products.
Market Share of Aftermarket Services
The market share of aftermarket services has been increasing year-on-year, and reached 50% in 2021. This trend is driven by intensifying market competition, with businesses needing to provide more comprehensive and high-quality aftermarket services to meet customer needs. However, aftermarket services remain a shortfall in the industry, with businesses needing to increase investment and improve service quality.
Hot Topics
The table also highlights the hot topics in the industry, with green initiatives and digital transformation being two key areas of focus. With the strengthening of environmental policies, businesses need to change their traditional production methods and enhance the environmental friendliness of their products. Meanwhile, digital transformation is also a hot topic in the industry, with businesses needing to fully leverage digital technology to enhance the value of their products and service quality.
In summary, the crushing and screening industry’s global aftermarket market is growing rapidly, and businesses need to stay on top of the latest trends and hot topics to remain competitive in the market. By focusing on areas like digital transformation and green initiatives, businesses can set themselves apart from the competition and provide high-quality products and services to customers around the world.
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