Crushing Equipment Market Size to grow by USD 435.9 million between 2024-2028
According to a research report “ Crushing Equipment Market” by Type (Jaw crushers, Roller crushers, Cone crushers, Others) End-user (Mining, Quarrying, Recycling, Construction and infrastructure, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 435.9 million, at a CAGR of 3.72% during the forecast period. In the construction and infrastructure sector, river sand plays a crucial role as a key ingredient in various materials such as cement, brick, asphalt, and concrete, contributing to their strength, bulk, and adhesive properties. However, the extraction of river sand for commercial purposes has been met with regulatory challenges due to its negative environmental impact. Since 2010, several regional governments and countries, including Cambodia and India, have imposed export bans on river sand due to concerns over erosion of river banks and the depletion of this natural resource. Moreover, the logistical challenges and transportation costs associated with transporting river sand from river banks to construction sites have led many projects to explore alternative sources, such as manufactured sand or recycled aggregates.
Browse market data tables, figures, and in-depth TOC on “Crushing Equipment Market” by Type (Jaw crushers, Roller crushers, Cone crushers, Others) End-user (Mining, Quarrying, Recycling, Construction and infrastructure, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Type, the Jaw crushers segment is projected to dominate the market size in 2024
The Crushing Equipment Market experiences significant growth due to the increasing demand from the mining industry, particularly in sectors focusing on metal, coal, and minerals. Key drivers include the expanding coal mining industry and heightened mining activities in the US. Moreover, the rising global manufacturing cost fluctuations have led mining companies to prioritize the production of basic metals such as copper, iron, and aluminum, thereby fueling the demand for drilling and tunneling equipment. According to the World Steel Association, global crude steel production reached 1,610.4 million metric tons as of November 2020, highlighting the industry's crucial role in the global economy. These factors collectively contribute to the market's continued expansion.
By End-user, Mining segment is expected to hold the largest market size for the year 2024
In the realm of crushing equipment, jaw crushers stand out for their versatility and effectiveness. These machines are engineered to handle materials with a wide range of hardness levels, from soft to extremely hard, without compromising performance or causing excessive wear. Jaw crushers, also known as universal crushers, boast a reduction ratio of 3:1 to 5:1 and are suitable for both dry and slightly wet applications. This equipment is indispensable in various industries, including construction, infrastructure, and mining, where it is utilized in both quarrying and heavy mining projects, as well as recycling initiatives. The jaw crusher design incorporates two vertical jaws: a stationary, fixed jaw, and a swing jaw that moves via a pitman mechanism, enabling it to crush materials efficiently and reliably.
APAC is forecasted to hold the largest market size by region in 2024
The Crushing Equipment Market represents a significant business opportunity for manufacturers and suppliers. This sector experiences continuous growth due to the increasing demand for aggregates and minerals in various industries, including construction and infrastructure. Advanced technologies, such as automation and IoT, are driving innovation and efficiency in crushing equipment production. Market size is projected to expand at a robust CAGR, with key players focusing on product development, strategic collaborations, and geographical expansion.
The Crushing Equipment Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Crushing Equipment Market is experiencing significant growth due to the increasing demand for productivity in various sectors such as mining production, construction activities, and infrastructure development. Rental models for mobile cone crushers have gained popularity in recent years due to their flexibility and cost-effectiveness. According to World Mining Data, global mining production reached 4.5 billion metric tons in 2020, and the need for crushing equipment to process raw materials is ever-increasing. Economies focusing on infrastructure spending, including buildings, canals, railways, city transit, highways, bridges, and roads, are major consumers of crushing equipment. Construction equipment rentals for sand, stone chips, cement, and building materials are in high demand for housing activities and infrastructure projects. Mobile cone crushers are a popular choice for mining and construction sites due to their efficiency and mobility. The global crushing equipment market size was valued at USD 22.5 billion in 2020 and is expected to grow at a CAGR of 5.2% from 2021 to 2028. The market growth can be attributed to the increasing demand for infrastructure development, mining production, and the growing construction industry. In conclusion, the Crushing Equipment Market is poised for growth due to the increasing demand for productivity in various sectors, particularly mining production and infrastructure development. The popularity of rental models for mobile cone crushers and the growing construction industry are key drivers for market growth. The market is expected to continue growing at a steady pace in the coming years.
Market Research Overview
The Crushing Equipment Market encompasses a wide range of machinery used in various sectors, including public and private, for short-term and long-term projects. In the public sector, road development, highrise structures, and infrastructure spending on buildings, canals, railways, and transportation are significant consumers of crushing equipment. Companies like Astec Industries, IROCK Crusher, BUCY International, Thyssenkrupp, and others offer competitive advantages through their technical features and rental models. Crushing equipment is essential for mining production, with applications in iron ore mining, copper mining, and other mineral crushing activities. World Mining Data reports that the mining sector's population and urbanization have driven the demand for crushing equipment, particularly for producing materials like sand, stone chips, and cement. The real estate sector and housing activities also require crushing equipment for building materials, such as stone pellets and crushed stone. Crushing equipment is used to process various materials, including metal surfaces and stone, into smaller sizes for use in infrastructure projects, such as highways, bridges, and city transit systems. Moreover, the need for reducing emissions in mining activities has led to the development of more efficient and eco-friendly crushing equipment, such as mobile cone crushers, which can process metric tons of materials while maintaining high productivity levels. Jaw crushers and stone crusher equipment are also popular choices due to their versatility and durability. Overall, the Crushing Equipment Market is expected to grow significantly due to the increasing infrastructure spending and population growth in various economies.
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