Global Stone Crushing Equipment Market to reach USD XX billion by 2027.Global Stone Crushing Equipment Market is valued approximately at USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than 8% over the forecast period 2021-2027. Stone Crushing Equipment is used to reduce the dimensions or change the form of the raw material mix by breaking the stones down into small bits that can be easily separated for the correct end-use. The crushing equipment is comprised of metal surfaces capable of compressing the accuracy of fabric such as stones, quartzite, boulders, coke, iron, and many others. The crushing equipment works by compressing the material and crushing it by collisions between the machine and therefore the materials. The market is driven by the rising industrialization and development of highways and infrastructure. Furthermore, increase in product launches boost the market growth further. In September 2019, one of the global leaders in stone crushers, Sandvik has launched its new CH 540 cone crushers. The CH 540 has an output range of 240tph to 350tph with a feed size of 185mm. For stone cutting, the CH540 employs the one IE3 motor. Also, Powerscreen launched the Premiertrak330 jaw crusher in 2019. It has a 1000mm x 600mm jaw chamber and can generate up to 280 tons of crushed material per hour. It has a variety of uses, including aggregates, recycling, and mining. This version features a low engine speed, which increases fuel efficiency and reduces noise emissions while operating in urban and urban locations. However, increasing price of the crushing equipment, may impede market growth over the forecast period of 2021-2027.
The Asia Pacific region dominates the global Stone Crushing Equipment Market. This is significant due to growing investment in the building industry. Because of the existence of significant building projects, China has a monopoly on the Asia Pacific market. A surge in highway and bridge building has also contributed to the market's growth in the Asia Pacific region.
Major market player included in this report are:
IROCK Crusher
Astec Industries
Mormak Equipment Inc.
Metso Corporation
Eagle Crusher Company Inc.
Thyssenkrupp AG
SANDVIK AB
Weir Group
Komatsu Ltd.
Telsmith Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product type:
Cone Crusher
Jaw Crusher
Impact Crusher
By End users:
Aggregate
Mining and Metallurgy
Construction
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Stone Crushing Equipment Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors