ID: MRFR/CO/6495-HCR | February 2021 | Region: Global | 107 pages
$2699.2 million
5.10%
Asia-Pacific
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), 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.
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.
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.
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.
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 | 2019Â &Â 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 |
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Key Market Drivers |
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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).