The Crushing Equipment Market is being driven by Use of artificial sand for construction work
The Crushing Equipment Market is expected to grow at a CAGR of 3.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1286 million. Construction equipment is a significant contributor to harmful pollutant emissions, releasing hydrocarbons (HC), nitrogen oxides (NOx), carbon monoxide (CO), and particulate matter (PM) in greater quantities than highway vehicles. Strict emission norms are being implemented by pollution control boards and environmental agencies worldwide to mitigate these emissions. The US and EU have established stringent regulations, with plans for further enhancements. Developing countries are also adopting these norms, aiming to phase out excessive emission levels from construction equipment. Excessive pollutant emission not only harms the environment but also increases fuel consumption.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
235 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.8% |
Market growth 2025-2029 |
USD 1286 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
3.6 |
Key countries |
US, China, India, Japan, Germany, Brazil, Australia, UK, Canada, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Crushing Equipment Market is significantly influenced by the Mining sector, Infrastructure development, and Housing activities. The demand for Building materials like cement, stone chips, and sand is driving the need for Stone crushers and Construction equipment. Cement production, Infrastructure spending on Roads, Bridges, Highways, City transit, Railways, and Canals, as well as Construction activities, are key growth factors. World Mining Data reveals increasing Mining production in Metric tons, boosting the requirement for Mobile cone crushers. Rental models offer increased Productivity and flexibility for businesses in this sector.
The global industrial machinery and supplies and components market encompasses businesses involved in the manufacturing of industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio, this market's size is determined by the consolidated revenue generated by the manufacturers of machinery and components utilized in industrial settings. The expansion of developing economies and the subsequent surge in demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages are key growth drivers for the global industrial machinery, supplies, and components market. This trend is particularly prominent in the mining, infrastructure, housing, stone crushers, building materials, cement, and stone chips industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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