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    Crushers Market

    ID: MRFR/CO/6495-CR
    164 Pages
    Tejas Chaudhary
    December 2024

    Crushers Market Research Report Information by Type (Cone Crushers, Impact Crushers, Jaw Crushers, Roll Crushers, Other), by Power Source (Diesel, Electric, Hybrid), by Mode of Operation (Stationary, Portable), by Application (Aggregates, Construction, Demolition, Environmental, Industrial, Mining, Other), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) –Market Forecast Till 2032

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    Crushers Market Infographic
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    Crushers Market Summary

    The global crushers market is projected to grow from 6.75 USD billion in 2024 to 12.7 USD billion by 2035, indicating robust expansion.

    Key Market Trends & Highlights

    Crushers Key Trends and Highlights

    • The global crushers market is valued at 6.75 USD billion in 2024 and is expected to reach 12.7 USD billion by 2035.
    • The market is anticipated to grow at a compound annual growth rate (CAGR) of 5.9 percent from 2025 to 2035.
    • Increased demand for construction and mining activities is likely to drive market growth during the forecast period.
    • Growing adoption of advanced crushing technologies due to the need for efficient material processing is a major market driver.

    Market Size & Forecast

    2024 Market Size 6.75 (USD Million)
    2035 Market Size 12.7 (USD Million)
    CAGR (2025-2035) 5.9%

    Major Players

    Astec Industries, Inc, Dragon Equipments Limited, Eagle Crusher Co., Inc, Wirtgen Group, Komatsu Ltd, Metso Corporation, Sandvik AB, Terex Corporation, Thyssenkrupp AG, Weir Group

    Crushers Market Trends

    Infrastructure development and urbanization across Asia-pacific, expansion of manufacturing and industrial sectors augmenting Crushers Market. The Asia-Pacific region is experiencing unprecedented infrastructure development and urbanization growth, setting the stage for a significant increase in crusher demand over the next decade. This demand surge is rooted in various factors, including government initiatives, economic expansion, and the rising need for modern urban infrastructure. As countries in the region continue to develop, crushers will play a pivotal role in transforming raw materials into the essential building blocks required for construction projects, from roads and bridges to residential and commercial buildings.

    Governments across the Asia-Pacific region is implementing ambitious infrastructure projects to support economic growth and improve the quality of life for their citizens. For instance, China's Belt and Road Initiative (BRI) is a colossal infrastructure project to enhance trade routes and connectivity across Asia, Europe, and Africa. The BRI encompasses the construction of highways, railways, ports, and airports, necessitating crushers to process vast quantities of raw materials like limestone, granite, and basalt into aggregates for construction.

    Moreover, the expansion of manufacturing and industrial sectors is significantly driving the demand for crushers. As these sectors grow, there is an increased need for raw materials to support the production of goods, which in turn amplifies the necessity for efficient material processing equipment. Crushers play a vital role in breaking down large rocks and minerals into smaller, more manageable pieces, facilitating their use in various industrial applications. The burgeoning construction industry, fueled by urbanization and infrastructure development, further propels the need for crushers to produce aggregates required for building roads, bridges, and other structures.

    Additionally, advancements in technology and automation within the manufacturing sector have led to the development of more sophisticated and high-capacity crushers, enabling industries to process materials more efficiently and meet the rising demand.

    The global crushers market is poised for growth, driven by increasing demand for construction materials and advancements in crushing technology.

    U.S. Geological Survey

    Crushers Market Drivers

    Growing Mining Activities

    The Global Crushers Market Industry is significantly influenced by the expansion of mining activities across various regions. As the demand for minerals and metals rises, mining companies are investing in advanced crushing solutions to enhance productivity and efficiency. The mining sector's growth, particularly in regions rich in natural resources, necessitates the use of crushers for material processing. This trend is expected to contribute to a compound annual growth rate of 5.9% from 2025 to 2035, indicating a robust market outlook. The increasing focus on sustainable mining practices also drives the need for more efficient and environmentally friendly crushing technologies.

    Market Trends and Projections

    Rising Demand for Construction Activities

    The Global Crushers Market Industry experiences a notable surge in demand due to the increasing construction activities worldwide. Infrastructure development projects, particularly in emerging economies, drive the need for efficient crushing equipment. For instance, the construction sector in Asia-Pacific is projected to expand significantly, contributing to the overall market growth. In 2024, the market is valued at approximately 6.75 USD Billion, reflecting the industry's response to escalating construction demands. This trend is likely to continue, as urbanization and population growth necessitate the development of roads, bridges, and buildings, thereby bolstering the Global Crushers Market Industry.

    Market Diversification and Emerging Applications

    The Global Crushers Market Industry is witnessing diversification as new applications for crushing equipment emerge. Beyond traditional construction and mining sectors, industries such as recycling and waste management are increasingly utilizing crushers to process materials. The rise in recycling initiatives, driven by the need for sustainable waste management solutions, presents new opportunities for market players. This diversification is expected to enhance the market's resilience and adaptability, allowing it to thrive amid changing economic conditions. As industries seek efficient ways to manage waste and reduce landfill usage, the demand for crushers in these applications is likely to grow.

    Technological Advancements in Crushing Equipment

    Technological innovations play a pivotal role in shaping the Global Crushers Market Industry. The introduction of advanced crushing technologies, such as automated systems and energy-efficient machines, enhances operational efficiency and reduces downtime. Manufacturers are increasingly focusing on developing crushers that offer improved performance and lower operational costs. For example, the integration of IoT in crushing equipment allows for real-time monitoring and predictive maintenance, which can lead to significant cost savings. As these technologies evolve, they are expected to attract more investments, further propelling the market's growth trajectory towards an estimated 12.7 USD Billion by 2035.

    Environmental Regulations and Sustainability Initiatives

    The Global Crushers Market Industry faces increasing pressure from environmental regulations aimed at promoting sustainability. Governments worldwide are implementing stringent policies to minimize the environmental impact of mining and construction activities. As a result, there is a growing demand for crushers that comply with these regulations, which often require lower emissions and reduced noise levels. Companies are responding by developing eco-friendly crushing solutions that not only meet regulatory standards but also appeal to environmentally conscious consumers. This shift towards sustainability is likely to shape the market dynamics, encouraging innovation and investment in cleaner technologies.

    Market Segment Insights

    Crushers power source Insights

    Based on power source, the market is segmented into diesel, electric, and hybrid. The diesel segment dominated the global market in 2023. The demand for diesel crushers is decreasing primarily due to growing environmental concerns and stringent regulations on emissions. Diesel engines produce significant amounts of greenhouse gases and other pollutants, which has led to a shift towards more environmentally friendly alternatives. Additionally, advancements in electric and hybrid crusher technology have made these options more efficient and cost-effective, further reducing the reliance on diesel-powered equipment.

    Despite the decline in demand, diesel crushers remain effective and essential in specific types of operations, particularly in remote and off-grid locations where electrical power is not readily available. Their portability and independence from the electrical grid make them ideal for field operations in the construction and mining industries.

    Figure 1: Crushers Market, by power source, 2023 & 2032 (USD Million)

    Get more detailed insights about Crushers Market Research Report—Global Forecast till 2032

    Key Companies in the Crushers Market market include

    Industry Developments

    • In July 2024, Kleemann has launched the new compact NEO mobile impact crusher line in North America. The company says that flexibility, sustainability, quality, and simplicity are at the core of this machine. The MOBIREX MR 100(i) can operate in tight spaces and applications due to its low transport weight and compact dimensions. Operations can range from the processing of concrete, rubble, and asphalt to the processing of soft to medium-hard natural stone.
    • In June 2024, Astec has streamlined its operations, prioritized customer focus and laid the foundations for its significant international growth plan. This restructuring has enabled Astec to position itself as a key partner in the materials solutions, construction, and infrastructure sectors by leveraging over a century of proven designs, an impressive portfolio of application experience and thousands of installations across the globe.
    • In June 2023, EvoQuip, a United Kingdom-based brand of Terex Corp. that makes crushing and screening equipment, has introduced the Bison 170, the latest addition to its jaw crusher range. The company says the Bison 170’s diesel-electric drive technology makes it a "smart choice for customers aiming to optimize their operations while meeting both economic and environmental goals.

    Future Outlook

    Crushers Market Future Outlook

    The Crushers Market is projected to grow at a 5.9% CAGR from 2024 to 2035, driven by increasing demand in construction and mining sectors, technological advancements, and sustainability initiatives.

    New opportunities lie in:

    • Invest in R&D for eco-friendly crushing technologies to meet regulatory demands. Expand into emerging markets with tailored solutions for local industries. Leverage digitalization for predictive maintenance services to enhance customer satisfaction.

    By 2035, the Crushers Market is expected to achieve substantial growth, reflecting evolving industry needs and technological advancements.

    Market Segmentation

    Regional Outlook

    • {""=>["US"
    • "Canada"
    • "Mexico"]}
    • {""=>["Germany"
    • "France"
    • "UK"
    • "Spain"
    • "Italy"
    • "Rest of Europe"]}
    • {""=>["China"
    • "Japan"
    • "India"
    • "South Korea"
    • "Rest of Asia-Pacific"]}
    • {""=>["Saudi Arabia"
    • "UAE"
    • "South Africa"
    • "Rest of Middle East and Africa"]}
    • {""=>["Argentina"
    • "Brazil"
    • "Rest of South America"]}

    Global Crushers Regional Outlook

    • {""=>["US"
    • "Canada"
    • "Mexico"]}
    • {""=>["Germany"
    • "France"
    • "UK"
    • "Spain"
    • "Italy"
    • "Rest of Europe"]}
    • {""=>["China"
    • "Japan"
    • "India"
    • "South Korea"
    • "Rest of Asia-Pacific"]}
    • {""=>["Saudi Arabia"
    • "UAE"
    • "South Africa"
    • "Rest of Middle East and Africa"]}
    • {""=>["Argentina"
    • "Brazil"
    • "Rest of South America"]}

    Crushers Market by Type Outlook (USD Million, 2019-2032)

    • Cone Crushers
    • Impact Crushers
    • Jaw Crushers
    • Roll Crushers
    • Other

    Crushers Market by Application Outlook (USD Million, 2019-2032)

    • Aggregates
    • Construction
    • Demolition
    • Environmental
    • Industrial
    • Mining
    • Other

    Crushers Market by Power Source Outlook (USD Million, 2019-2032)

    • Diesel
    • Electric
    • Hybrid

    Crushers Market by Mode of Operation Outlook (USD Million, 2019-2032)

    • Stationary
    • Portable

    Report Scope

    Report Attribute/MetricDetails
    Market Size 2023USD 6,345.10 Million
    Market Size 2024USD 6,751.19 Million
    Market Size 2032USD 10,683.22Million
    Compound Annual Growth Rate (CAGR)5.9% (2024-2032)
    Base Year2023
    Market Forecast Period2024-2032
    Historical Data2019- 2022
    Market Forecast UnitsValue (USD Million)
    Report CoverageRevenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments CoveredType, Power Source, Mode of Operation, Application and Region
    Geographies CoveredNorth America, Europe, Asia-Pacific, Middle East & Africa, and South America.
    Countries CoveredThe U.S., Canada, Mexico, Germany, France, Italy, UK, Spain, China, Japan, India, UAE, South Africa, Saudi Arabia, Argentina, and Brazil.
    Key Companies ProfiledAstec Industries, Inc, Dragon Equipments Limited, Eagle Crusher Co., Inc, Wirtgen Group, Komatsu Ltd, Metso Corporation, Sandvik AB, Terex Corporation, Thyssenkrupp AG, and Weir Group
    Key Market Opportunities·         GROWING NEED OF RECYCLING & SUSTAINABILITY
    Key Market Dynamics·         INFRASTRUCTURE DEVELOPMENT AND URBANIZATION ACROSS ASIA-PACIFIC ·         EXPANSION OF MANUFACTURING AND INDUSTRIAL SECTORS

    Market Highlights

    Author
    Tejas Chaudhary
    Research Analyst Level II

    I have a degree in Engineering (Civil), with masters in Business Administration (Marketing). With more than 4 years of experience in market research and consulting, I am involved in end-to-end process of market research, proposals, project kickoffs and delivery. I have research knowledge and expertise in consumer goods/packaging domain. Also I have worked for various other domains like construction & equipment. Effectively managed and delivered more than 60 report studies for regional as well as global clientele.

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    FAQs

    How much is the Crushers Market?

    The Crushers Market size is expected to be valued at USD 10,683.22 Million in 2032.

    What is the growth rate of the Crushers Market?

    The global market is projected to grow at a CAGR of 5.9% during the forecast period, 2024-2032.

    Which region held the largest market share in the Crushers Market?

    Asia Pacific had the largest share of the global market.

    Who are the key players in the Crushers Market?

    The key players in the market are Astec Industries, Inc, Dragon Equipments Limited, Eagle Crusher Co., Inc, Wirtgen Group, Komatsu Ltd, Metso Corporation, Sandvik AB, Terex Corporation, Thyssenkrupp AG, and Weir Group.

    Which Application led the Crushers Market?

    The construction category dominated the market in 2023.

    Which Power Source had the largest market share in the Crushers Market?

    Diesel segment had the largest revenue share of the global market.

    Crushers Market Research Report—Global Forecast till 2032 Infographic
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