Jaw crusher industry is expected to witness a CAGR of around 6.2% during the forecast period. The jaw crusher market size is expected to be valued at USD 1,748 million by the end of the forecast period.
Jaw crusher industry is expected to witness a CAGR of around 6.2% during the forecast period. The jaw crusher market size is expected to be valued at USD 1,748 million by the end of the forecast period. The need for jaw crushers is high for crushing stones and other hard materials is high in the construction industry. There is the fastest growth for this process in many industries. The automotive, mining, automation and waste management markets have the highest demand. The jaw crushers advanced technologies are gaining more traction in recent years. There are many drivers of this market such as the expanding construction activities.
The rising need for new constructions raises the overall demand for jaw crushers. The outbreak of IoT and industry 4.0 are expected to bring new opportunities to the market. The use of IoT is bringing new automated crushers to the market. Industry 4.0 brings new constructions and technological advancements. All these are factors that will increase the profitability of this market in the forecast period. Further, meaning the market plays a major role in increasing the adoption of jaw crushers.
Many iron processing mines have large stones and debris. To crush this material the need for a jaw crusher is rising. Further, both the double and single toggle segments of the market have the highest demand. All these are factors that will positively influence market value in the forecast period.
Global Crusher Market: Regional Analysis
The global crusher 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 jaw crusher market, followed by North America and Europe in 2018; it is expected to continue its dominance until 2025. The growth of the construction industry and the improvement in financial conditions in this region are expected to drive the growth of 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. The growth of construction industry in the region is expected to raise the demand for jaw crusher in Asia-Pacific during the forecast period.
Global Jaw Crushers Market: Segmentation
The global jaw crushers market has been segmented based on swing jaw pivoting position, toggle, and application. On the basis of swing jaw pivoting position, the market has been segmented into Blake jaw crusher, dodge jaw crusher, and universal jaw crusher. The Blake jaw crusher segment held the largest market share of the global jaw crushers market in 2018 and is expected to witness the highest CAGR during the forecast period. Blake jaw crusher is type of jaw crusher, wherein the swing jaw is pivoted at the top.
On the basis of toggle, the market has been segmented into single and double. The double toggle jaw crusher segment held the largest market share of the global jaw crusher market in 2018 and is expected to witness the highest CAGR during the forecast period. Double toggle jaw crushers are generally used for crushing hard, abrasive rocks, glass and ferrous metals.
On the basis of application, the market has been segmented as construction, mining, aggregate, demolition, industrial, and environmental. The construction segment held the largest market share of the global jaw crushers market owing to the various ongoing construction projects in emerging countries. Moreover, an increase in real estate investments and the growth in the construction of commercial buildings such as shopping malls, educational institutes, across regions, lead to the demand for jaw crusher equipment around the world.
The key players in the jaw crusher industry include Sandvik AB (Sweden), Terex Corporation (US), Metso Corporation (Finland), thyssenKrupp (Germany), HARTL CRUSHER (Austria), FLSmidth (Denmark), IROCK CRUSHERS (US), and McLanahan (US). Lippmann-Milwaukee, Inc. (US), Komatsu Ltd. (Japan), Westpro Machinery (Canada), WIRTGEN GROUP (Germany), Astec Industries, Inc. (US), The Weir Group PLC (UK), and Eagle Crusher Company, Inc. (US) are some of the other key players operating in the global jaw crusher industry.
The global 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.Recent Development
Key players in North America witness surging demand for jaw crushers in various industries. The technological advancements in the market are expected to be higher. due to this., the key players of the market are innovative with their new jaw crushers. The demand and supply of these innovative crushers are rising,
The Asia Pacific market is expanding its market horizons. The mineral resource exploitation in the market is rising. Due to this, the need for jaw crushers continues to grow. The government initiatives and infrastructural developments in the market are rising. all this is expected to increase production and supply of the market in the forecast period.
|CAGR||6.2% CAGR (2022-2030)|
|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||Swing Jaw Pivoting Position, Toggle and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Sandvik AB (Sweden), Terex Corporation (US), Metso Corporation (Finland), thyssenKrupp (Germany), HARTL CRUSHER (Austria), FLSmidth (Denmark), IROCK CRUSHERS (US), and McLanahan (US).|
|Key Market Opportunities||Volatile raw material prices may limit|
|Key Market Drivers||industrialization and urbanization in emerging economies|
Jaw crusher market is projected to grow at a 6.2% CAGR between 2022-2030.
Jaw crusher market is predicted to touch USD 1,748 million by 2030.
The APAC region is expected to dominate the jaw crusher market.
The construction segment will lead the jaw crusher market.
Volatile raw material prices may limit the jaw crusher market growth.