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 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 enforced by pollution control boards and environmental agencies worldwide to mitigate the environmental impact. The US and EU have implemented stringent regulations, with plans for additional measures to reduce emissions. Developing countries are also adopting these norms, aiming to phase out high-emission construction equipment. The emission of these pollutants 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 encompasses various types of crushing technologies, including hydraulic, electric, and diesel, for processing hard and soft rocks, as well as abrasive materials. Impact, cone, and jaw crushing technologies are utilized to achieve size reduction and material characterization, resulting in particle size distribution, particle shape, and improved product quality. Wear liners, grinding media, and various mills like ball, rod, and vertical roller mills, are integral components of the crushing process. Crushing plants employ process control, automation, data analytics, remote diagnostics, predictive maintenance, and digital twin technologies for optimization and efficiency. Recycling applications, such as aggregate, concrete, and asphalt recycling, are significant market drivers. Advanced technologies like IoT, artificial intelligence, machine learning, smart crushing, closed-loop control, and quality control further enhance the market's growth.
The Crushing Equipment Market is a significant segment of the larger Industrial Machinery and Supplies and Components Market. This market encompasses companies manufacturing jaw crushers, cone crushers, impact crushers, gyratory crushers, roll crushers, and hammer mills. The Industrial Machinery and Supplies and Components Market's size is determined by Technavio as the combined revenue generated by manufacturers of machinery and components used industrially. Factors driving the growth of this market include the expanding industrial output in process and discrete industries, particularly in developing countries, leading to increased demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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