ID: MRFR/CO/6775-HCR | February 2021 | Region: Global | 107 pages
The market of jaw crusher has been witnessing moderate growth in the past couple of years. The demand for jaw crushers is expected to be driven by the rise in construction and an increase in mining operations. Governments are focusing on introducing various reforms and regulations to boost their infrastructure and real-estate industries, which has led to the growth of the construction industry, driving the growth of the jaw crusher market.
Moreover, the demand for minerals and other geological materials, such as metals, coal, gemstones, chalk, limestone, rock salt, and potash, is increasing owing to the rapid growth of the population and the accelerating economy, across the globe. Due to these factors, the mining industry is expected to grow further in coming years, due to the rise in the demand for minerals, metals, and other geomaterials, which further raising the jaw crusher market during the forecast period. However, volatile raw material prices act as a restraint for the jaw crushers market. Furthermore, the jaw crusher machine has lower capacity than other crushers. The small jaw crusher plate used in jaw crushers, limits their range of uses.
The growing demand for jaw crusher rental units is an opportunity for the global crusher market.
The global 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.
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.
Frequently Asked Questions (FAQ) :
Jaw crusher market is projected to grow at a 6.2% CAGR between 2019-2025.
Jaw crusher market is predicted to touch USD 1,748 million by 2025.
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.