Crushers Market Research Report - Global Forecast 2030

Crushers Market Research Report, Information: by Product Type (Cone Crushers, High-Pressure Grinding Rolls, Impact Crushers, Jaw Crushers and others), Application (Mining, Aggregate, Demolition, Industrial, Construction and Environmental), Region (North America, Europe, Asia-Pacific, Rest of the World) - Forecast till 2030

ID: MRFR/CO/6495-HCR | February 2021 | Region: Global | 107 pages         

Crushers Market

Global Crushers Market is projected to be worth USD 2699.2 million by 2030, registering a CAGR of 5.10% during the forecast period (2022 - 2030), The market was valued at USD 1813.2 million in 2021.

Segmentation

By Product Type Cone Crushers High-Pressure Grinding Rolls Impact Crushers Jaw Crushers
By Application Mining Aggregate Demolition Industrial Construction Environmental

Key Players

  • Metso Corporation (Finland)
  • Sandvik AB (Sweden)
  • Terex Corporation (US)
  • thyssenKrupp (Germany)
  • FLSmidth (Denmark)
  • HARTL CRUSHER (Austria)
  • IROCK CRUSHERS (US)
  • McLanahan (US)
  • Lippmann-Milwaukee Inc.(US)
  • Westpro Machinery (Canada)
  • Komatsu Mining Corp (US)
  • WIRTGEN GROUP (Germany)
  • The Weir Group PLC (UK)
  • Astec Industries Inc.(US)
  • Eagle Crusher Company Inc. (US)

Drivers

  • Booming construction industry and industrialization in emerging economies
  • Growth of the population and the accelerating economy across the globe
Speak to Analyst Request a Free Sample

Crushers Market Synopsis:


Global crushers market is projected to be worth USD 2699.2 million by 2030, registering a CAGR of 5.10% during the forecast period (2022 - 2030), The market was valued at USD 1813.2 million in 2021.


The market of crushers has been witnessing moderate growth in the past couple of years. The demand for crushers is expected to be driven by growing construction industry and an increase in mining operations. The demand for minerals and other geological materials, such as metals, coal, gemstones, chalk, limestone, rock salt, and potash, is rising owing to the rapid growth of the population and the accelerating economy, across the globe. Due these factors, the mining industry is expected to grow further during the forecast period, owing to the increase in the demand for minerals, metals, and other geomaterials, raising the crushers market during the forecast period. Moreover, governments are introducing various reforms and regulations to boost their infrastructure and real-estate industries, which lead to the growth of the construction industry and the crusher market. However, the growth of the market might be hindered by volatile raw material prices. The growing demand for rental units is an opportunity for the global crusher market.


Global Crushers Market: Regional Analysis


The global crushers market has been segmented into regions of North America, Europe, Asia-Pacific, and Rest of the world (RoW). Asia-Pacific held the largest share in the global crushers market, followed by North America and Europe in 2018. Asia-Pacific will continue dominance until 2024. The growth of the construction industry and the improvement in financial conditions in this region is anticipated to drive the crusher market. Moreover, industrialization and urbanization in emerging economies, such as China, India, and Japan are expected to contribute significantly to the growth of market. Growth of construction industry in the region is expected to raise the demand for crushers in Asia-Pacific during the forecast period.


Key Players


The Key Players in the crushers market include Metso Corporation (Finland), Sandvik AB (Sweden), Terex Corporation (US), thyssenKrupp (Germany), FLSmidth (Denmark), HARTL CRUSHER (Austria), IROCK CRUSHERS (US), and McLanahan (US), Lippmann-Milwaukee, Inc. (US), Westpro Machinery (Canada), Komatsu Mining Corp (US), WIRTGEN GROUP (Germany), The Weir Group PLC (UK), Astec Industries, Inc. (US), and Eagle Crusher Company, Inc. (US) are some of the other key players operating in the global crusher market.


Global Crushers Market: Segmentation


The global crushers market has been segmented based on type and application. On the basis of product type, the market has been classified into cone crushers, high-pressure grinding rolls, impact crushers, jaw crushers, and others. The cone crushers are further segmented into the compound cone crusher, symons cone crusher, single-cylinder hydraulic cone crusher, and multi-cylinder hydraulic cone crusher. Jaw crushers are also segmented into blake jaw crusher, dodge jaw crusher, and universal jaw crusher. Moreover, impact crushers are further bifurcated into horizontal shaft impact crusher and vertical shaft impact crusher.


The jaw crushers segment held the largest market share of the global crushers market in 2018 and is expected to witness the highest CAGR during the forecast period. These are heavy duty machines, primarily used for large scale construction. They are widely used in heavy duty crushing applications.  


On the basis of application, the market has been segmented into construction, mining, aggregate, demolition, industrial, and environmental. The construction segment held the largest market share of the global crushers market due to the various construction projects in emerging countries. An increase in the investments in real estate and the growth in the construction of commercial buildings, across regions, lead to the demand for crushing equipment around the world.


The global crushers market is fairly competitive with a moderate number of players, across the globe. The players are expected to adopt various strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the players include focus on high quality product, cost-effectiveness, expansions, strategic partnerships and collaborations with the manufacturing companies.


Intended Audience:



  • Raw material suppliers

  • End users

  • Product manufacturers

  • Regulatory bodies

  • Market research and consulting firms

  • Associations and industrial bodies



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: USD 2699.2 Million
  CAGR   5.10% CAGR (2022 to 2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Metso Corporation (Finland), Sandvik AB (Sweden), Terex Corporation (US), thyssenKrupp (Germany), FLSmidth (Denmark), HARTL CRUSHER (Austria), IROCK CRUSHERS (US), and McLanahan (US). Lippmann-Milwaukee, Inc. (US), Westpro Machinery (Canada), Komatsu Mining Corp (US), WIRTGEN GROUP (Germany), The Weir Group PLC (UK), Astec Industries, Inc. (US), and Eagle Crusher Company, Inc. (US).
  Key Market Opportunities

  • Increase in mining operations
  • Increase in the demand for minerals, metals, and other geomaterials
  • Increase in the investments in real estate
  •   Key Market Drivers

  • Booming construction industry and industrialization in emerging economies
  • Growth of the population and the accelerating economy, across the globe


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    Global crushers market is projected to be worth USD 2699.2 million by 2030, registering a CAGR of 5.10% during the forecast period (2022 - 2030)

    Global crushers market is projected to be worth USD 2699.2 million by 2030, registering a CAGR of 5.10% during the forecast period (2022 - 2030)

    Asia Pacific will lead the global crushers market.

    Booming construction industry and industrialization in emerging economies are the key factors driving the global crushers market growth.

    Key contenders profiled in the global crushers market include Metso Corporation (Finland), Sandvik AB (Sweden), Terex Corporation (US), thyssenKrupp (Germany), FLSmidth (Denmark), HARTL CRUSHER (Austria), IROCK CRUSHERS (US), and McLanahan (US). Lippmann-Milwaukee, Inc. (US), Westpro Machinery (Canada), Komatsu Mining Corp (US), WIRTGEN GROUP (Germany), The Weir Group PLC (UK), Astec Industries, Inc. (US), and Eagle Crusher Company, Inc. (US).