Stone Crushing Equipment Market:
Growth opportunities in the Stone Crushing Equipment Market look promising over the next six years. This is mainly due to the rapid urbanization and their ability to lower the size and alter the shape of raw materials.
Stone Crushing Equipment Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
One of the prominent drivers supplementing the growth of the global stone crushing equipment market includes the augmenting application of these tools to reduce the size of stones and rocks across various fields such as recycling of construction material, mining operations, aggregating production, and metallurgy. Also, their surging demand from the construction activities, which include highways, canals, bridges, and roads, will further strengthen the stone crushing equipment market size. In addition, the accelerating urban population, ongoing expansion in the construction sector, and consequential increase in mining activities throughout the world have supplemented the stone crushing equipment market share. Furthermore, the exhaustion of marine reserves of natural sand and stone has raised the demand of the artificial stone and sand manufacturing industry, thereby promoting market growth. However, the rising prices of this equipment will hamper the market growth.
Type Segment Drivers
Based on type, the market is segmented into the jaw, cone, and impact crusher. Amongst which, the jaw crusher is projected to witness a faster CAGR during the forecast period. This is primarily attributed to their extensive application in mining and quarrying activities to crush various types of materials, including rocks, marbles, iron ore, granite, and copper ore. Additionally, cost-efficiency, ease, and less maintenance compared to the other machines will further bolster the market growth.
Regional Drivers
Based on the regional coverage, Asia-Pacific is predicted to lead the market over the forecast period. This is mainly due to the expanding quarrying and mining activities. Additionally, developing nations, including China, Japan, India, and South Korea, along with the substantial extension in the construction industry, will drive the market growth. On the other hand, North America is expected to expand at a higher CAGR during the forecast period owing to the aggravating investment in the infrastructure industry. Moreover, swift economic development, enhanced standard of living, and a growing number of construction activities, especially across the US and Canada, are further paving the way for market growth.
Stone Crushing Equipment Market’s leading Manufacturers:
- Eagle Crusher Company, Inc.
- IROCK Crusher
- Komatsu Ltd
- Terex Corporation
- Molson Group
- Metso Corporation
- Astec Industries, Inc.
- Thyssenkrupp AG
- CNH Global N.V.
- Caterpillar Inc.
- McCloskey International
- Sandvik AB
Stone Crushing Equipment Market Segmentation:
Segmentation by Type
- Jaw Crusher
- Cone Crusher
- Impact Crusher
- Others
Segmentation by End-Use Industry
- Mining
- Quarrying
- Recycling
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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