Cement equipment market to decline by 2027 on the back of limited capacity additions

The cement equipment market size is expected to decrease by 6% each year between 2022-27. Spares and upgrades segments are likely to dominate the equipment market by 2027. Functional equipment is expected to be the main driver over the next 5 years.
 
GREENWICH, Conn. - April 7, 2022 - PRLog -- The cement equipment market is expected to decline by an average of 6 percent each year between 2022 and 2027, according to CW Research's World Cement Equipment Market and Forecast Report 2022 (https://www.cwgrp.com/research/research-products/product/354-World-Cement-Equipment-Market-and-Forecast-Report-2022).

Fewer greenfield and brownfield capacity additions are likely to contribute to this negative trend. Western equipment suppliers are seeing less frequent turnkey projects as a result of cost-efficient competition from Chinese suppliers.

"The upgrades and spares market is being driven by Chinese government regulations aimed at increasing efficiency and meeting stricter environmental standards. This market is also growing in North America, Western Europe, and Latin America on the back of limited capacity expansions in these regions", observes Wanderson Teixeira, Business Analyst at CW Group.

Spares and upgrades segments to dominate the cement equipment market by 2027

In 2017, spares and upgrades accounted for around 40 percent of the cement equipment market size, which is expected to increase by an estimated 10 percent in 2022.

By 2027, these two segments are anticipated to dominate the market and are projected to grow at an average of more than 1 percent over the next five years.

Cement equipment CAPEX to decrease in the next 5 years

Competition between Western and Chinese equipment manufacturers, in addition to fewer capacity expansions, is likely to lead to a decline in the average CAPEX from 2022 to 2027.

The total equipment cost by region varies in accordance with fabrication and construction, regulations, and quality preferences, with the highest cost per ton being found in North America.

Functional equipment to be the main driver of the cement equipment market

Between 2022 and 2027, functional equipment (including mechanical and pneumatic conveying, storage, testing, automation and control, and others) is expected to be the main driver of the cement equipment market. This is expected to be positively impacted by increasing efficiency and quality standards in addition to stricter environmental norms.
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