Stone Crushing Equipment Market Size - By Product (Cone Crusher, Jaw Crusher, Impact Crusher), By Application (Mining, Quarrying, Recycling), Regional Insights & Global Forecast, 2023 – 2032
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Stone Crushing Equipment Market Size - By Product (Cone Crusher, Jaw Crusher, Impact Crusher), By Application (Mining, Quarrying, Recycling), Regional Insights & Global Forecast, 2023 – 2032
Stone Crushing Equipment Market Size - By Product (Cone Crusher, Jaw Crusher, Impact Crusher), By Application (Mining, Quarrying, Recycling), Regional Insights & Global Forecast, 2023 – 2032
Stone Crushing Market Size
Stone Crushing Equipment Market size is set to record more than 8% growth rate from 2023 to 2032, driven by rising demand for construction waste recycling worldwide.
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The mounting environmental concerns have surged the need to repurpose construction waste into usable materials. Stone crushing equipment plays a pivotal role in breaking down large rocks into smaller fragments to cater to uses in recycled construction materials while promoting resource efficiency. The growing focus of multiple governments and industries on eco-friendly practices has led to the increased demand for stone-crushing equipment, further contributing to the market expansion.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 8% |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 130 |
| Tables, Charts & Figures | 129 |
| Segments covered | Product, Application, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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Stone Crushing Equipment Market Growth Drivers and Restraints
The escalating demand for aggregates in construction and infrastructure projects along with the significant boost in China, Japan, and India’s refurbishment initiatives will influence the market growth. However, the adoption of stone crushing equipment may be slowed down by operational inefficiencies, reduced productivity, and potential safety risks. The lack of qualified personnel to operate and maintain the equipment will also affect the overall production and increase the downtime and maintenance costs, limiting the market expansion to some extent.
COVID-19 Impact
The COVID-19 pandemic posed negative impact on the stone-crushing equipment market due to the influx of nationwide lockdowns, supply chain disruptions, and halted construction activities. With the rising number of delayed and canceled projects, the demand for stone crushers declined temporarily. Additionally, the market is demonstrating considerable resilience with the gradual resumption of the construction activities and the emergence of governments-initiated stimulus measures. Despite initial setbacks, the growing prominence of stone crushers in the construction and mining sectors coupled with rising recovery efforts will contribute to the market growth in the post-pandemic scenario.
Stone Crushing Equipment Market Trends
The rapid development of the mining sector will significantly contribute to the stone crushing market growth. Stone crushers play a crucial role in breaking down rocks and minerals for extraction for facilitating the mining processes. The surging adoption of technology and automation for enhancing the mining operations has steered the higher demand for advanced and high-capacity crushers. The rising global demand for minerals and metals along with the rapid expansion of the mining sector will also act as significant market drivers for the stone-crushing equipment industry.
Stone Crushing Market Analysis
Jaw stone crushing equipment market size is poised to gain notable traction between 2023 and 2032 owing to their reliability, efficiency, and versatility in various industries. Jaw crushing equipment are increasingly used in construction and other applications to offer ease of maintenance and cost-effectiveness. Moreover, industry participants are taking efforts towards business expansion for introducing innovative jaw-crushing equipment, further propelling the segment growth. To cite an instance, in April 2023, Rubble Master launched a large 44” x 28″ jaw crusher in the second half of the year to incorporate its new high-efficiency drive concepts and innovative features.
Stone crushing equipment market from the mining and construction end-use segment will depict lucrative gains from 2023 to 2032. The growth can be attributed to the rising importance of crushers in the mining sector for breaking down large rocks into smaller fragments for facilitating the easier extraction of minerals and metals. The construction industry also heavily relies on stone-crushing equipment for producing aggregates for various projects. The booming infrastructure sector and the increase in mineral extraction activities are also likely to supplement the segment growth.
Asia Pacific held sizable share of the stone crushing equipment market in 2022 and is estimated to observe notable CAGR from 2023 to 2032. Rapid urbanization, burgeoning infrastructure projects, and the surging demand for aggregates in construction and mining activities are driving the market expansion. Countries, including China, India, and Japan are experiencing substantial development, further boosting the need for stone crushers to meet the growing demand for building materials. The surge in government initiatives for promoting sustainable construction practices will also contribute to regional market growth.
Stone Crushing Equipment Market Share
The competitive landscape of the stone crushing equipment market includes leading companies, such as
- Sandvik AB
- Terex Corporation
- Astec Industries
- Komatsu Ltd.
- Eagle Crusher Company Inc.
- Thyssenkrupp
- Mesto Oyjand
- IROCK Crusher
Stone Crushing Equipment Industry News
- In February 2032, Terex India showcased eight of its most recent products for the crushing, lifting, screening, recycling, and washing sectors. The firm is dedicated towards ensuring sustainability by reducing its environmental effect through product developments, such as electric and hybrid solutions.
This stone crushing equipment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments
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Market, By Product
- Cone crusher
- Jaw crusher
- Impact crusher
Market, By Product Type
- Mining
- Quarrying
- Recycling
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Asia Pacific
- China
- Japan
- India
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Table of Content
Report Content
Chapter 1 Methodology and Scope
1.1 Definitions & forecast parameters
1.1.1 Definitions
1.1.2 Methodology and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 Stone crushing equipment industry 360° synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Stone Crushing Equipment Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2018 – 2032
3.2.1 Crushed stones industry landscape
3.2.2 Mining industry landscape
3.2.3 Construction industry landscape
3.2.4 Construction waste recycling industry landscape
3.3 Industry ecosystem analysis
3.3.1 Component suppliers
3.3.2 Manufacturers
3.3.3 Distribution channel analysis
3.3.4 End-use landscape
3.3.5 Vendor matrix
3.4 Technology & innovation landscape
3.4.1 Mobile crushing equipment
3.5 Regulatory landscape
3.5.1.1 North America
3.5.1.2 Europe
3.5.1.3 Asia Pacific
3.5.1.4 Latin America
3.5.1.5 MEA
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Increasing construction & infrastructure activities across North America and Europe
3.6.1.2 Rising demand for construction waste recycling
3.6.1.3 Growing mining activities in Asia Pacific countries
3.6.1.4 Recovery of construction sector in Brazil and Mexico
3.6.1.5 Infrastructure refurbishment projects in China, Japan, and India
3.6.1.6 Rapid development of the mining sector in MEA
3.6.2 Industry pitfalls & challenges
3.6.2.1 Unavailability of skilled operators
3.6.2.2 High cost of stone crushing equipment
3.6.2.3 Hazardous emission and noise pollution during crusher operations
3.7 Growth potential analysis
3.8 Porter's analysis
3.8.1 Supplier power
3.8.2 Buyer power
3.8.3 Threat of new entrants
3.8.4 Threat of substitutes
3.8.5 Internal rivalry
3.9 Competitive landscape, 2018
3.9.1 Company market share analysis
3.9.2 Strategy dashboard (New product development, M&A, R&D, Investment landscape)
3.10 PESTEL analysis
Chapter 4 Stone Crushing Equipment Market, By Product
4.1 Key trends by product
4.2 Cone crusher
4.2.1 Market estimates and forecast, 2018 – 2032
4.3 Jaw crusher
4.3.1 Market estimates and forecast, 2018 – 2032
4.4 Impact crusher
4.4.1 Market estimates and forecast, 2018 – 2032
Chapter 5 Stone Crushing Equipment Market, By Application
5.1 Key trends by application
5.2 Mining
5.2.1 Market estimates and forecast, 2018 – 2032
5.3 Quarrying
5.3.1 Market estimates and forecast, 2018 – 2032
5.4 Recycling
5.4.1 Market estimates and forecast, 2018 – 2032
Chapter 6 Stone Crushing Equipment Market, By Region
6.1 Key trends by region
6.2 North America
6.2.1 Market estimates and forecast, by product, 2018 – 2032
6.2.2 Market estimates and forecast, by application, 2018 – 2032
6.2.3 U.S.
6.2.3.1 Market estimates and forecast, by product, 2018 – 2032
6.2.3.2 Market estimates and forecast, by application, 2018 – 2032
6.2.4 Canada
6.2.4.1 Market estimates and forecast, by product, 2018 – 2032
6.2.4.2 Market estimates and forecast, by application, 2018 – 2032
6.3 Europe
6.3.1 Market estimates and forecast, by product, 2018 – 2032
6.3.2 Market estimates and forecast, by application, 2018 – 2032
6.3.3 UK
6.3.3.1 Market estimates and forecast, by product, 2018 – 2032
6.3.3.2 Market estimates and forecast, by application, 2018 – 2032
6.3.4 Germany
6.3.4.1 Market estimates and forecast, by product, 2018 – 2032
6.3.4.2 Market estimates and forecast, by application, 2018 – 2032
6.3.5 France
6.3.5.1 Market estimates and forecast, by product, 2018 – 2032
6.3.5.2 Market estimates and forecast, by application, 2018 – 2032
6.3.6 Italy
6.3.6.1 Market estimates and forecast, by product, 2018 – 2032
6.3.6.2 Market estimates and forecast, by application, 2018 – 2032
6.3.7 Russia
6.3.7.1 Market estimates and forecast, by product, 2018 – 2032
6.3.7.2 Market estimates and forecast, by application, 2018 – 2032
6.4 Asia Pacific
6.4.1 Market estimates and forecast, by product, 2018 – 2032
6.4.2 Market estimates and forecast, by application, 2018 – 2032
6.4.3 China
6.4.3.1 Market estimates and forecast, by product, 2018 – 2032
6.4.3.2 Market estimates and forecast, by application, 2018 – 2032
6.4.4 India
6.4.4.1 Market estimates and forecast, by product, 2018 – 2032
6.4.4.2 Market estimates and forecast, by application, 2018 – 2032
6.4.5 Japan
6.4.5.1 Market estimates and forecast, by product, 2018 – 2032
6.4.5.2 Market estimates and forecast, by application, 2018 – 2032
6.4.6 South Korea
6.4.6.1 Market estimates and forecast, by product, 2018 – 2032
6.4.6.2 Market estimates and forecast, by application, 2018 – 2032
6.5 Latin America
6.5.1 Market estimates and forecast, by product, 2018 – 2032
6.5.2 Market estimates and forecast, by application, 2018 – 2032
6.5.3 Brazil
6.5.3.1 Market estimates and forecast, by product, 2018 – 2032
6.5.3.2 Market estimates and forecast, by application, 2018 – 2032
6.5.4 Mexico
6.5.4.1 Market estimates and forecast, by product, 2018 – 2032
6.5.4.2 Market estimates and forecast, by application, 2018 – 2032
6.6 MEA
6.6.1 Market estimates and forecast, by product, 2018 – 2032
6.6.2 Market estimates and forecast, by application, 2018 – 2032
6.6.3 UAE
6.6.3.1 Market estimates and forecast, by product, 2018 – 2032
6.6.3.2 Market estimates and forecast, by application, 2018 – 2032
6.6.4 Saudi Arabia
6.6.4.1 Market estimates and forecast, by product, 2018 – 2032
6.6.4.2 Market estimates and forecast, by application, 2018 – 2032
6.6.5 South Africa
6.6.5.1 Market estimates and forecast, by product, 2018 – 2032
6.6.5.2 Market estimates and forecast, by application, 2018 – 2032
Chapter 7 Company Profiles
7.1 Astec Industries
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 Strategic Outlook
7.1.5 SWOT Analysis
7.2 Eagle Crusher Company Inc.
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.2.4 Strategic Outlook
7.2.5 SWOT Analysis
7.3 Global Crushers
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.3.4 Strategic Outlook
7.3.5 SWOT Analysis
7.4 IROCK Crusher
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 Strategic Outlook
7.4.5 SWOT Analysis
7.5 Komatsu Ltd.
7.5.1 Business Overview
7.5.2 Financial Data
7.5.3 Product Landscape
7.5.4 Strategic Outlook
7.5.5 SWOT Analysis
7.6 McLanahan Corporation
7.6.1 Business Overview
7.6.2 Financial Data
7.6.3 Product Landscape
7.6.4 Strategic Outlook
7.6.5 SWOT Analysis
7.7 Mesto Oyj
7.7.1 Business Overview
7.7.2 Financial Data
7.7.3 Product Landscape
7.7.4 Strategic Outlook
7.7.5 SWOT Analysis
7.8 Mormak Equipment Inc.
7.8.1 Business Overview
7.8.2 Financial Data
7.8.3 Product Landscape
7.8.4 Strategic Outlook
7.8.5 SWOT Analysis
7.9 Sandvik AB
7.9.1 Business Overview
7.9.2 Financial Data
7.9.3 Product Landscape
7.9.4 Strategic Outlook
7.9.5 SWOT Analysis
7.10 Shibang Industry & Technology Group Co., Ltd.
7.10.1 Business Overview
7.10.2 Financial Data
7.10.3 Product Landscape
7.10.4 Strategic Outlook
7.10.5 SWOT Analysis
7.11 Superior Industries, Inc.
7.11.1 Business Overview
7.11.2 Financial Data
7.11.3 Product Landscape
7.11.4 Strategic Outlook
7.11.5 SWOT Analysis
7.12 Terex Corporation
7.12.1 Business Overview
7.12.2 Financial Data
7.12.3 Product Landscape
7.12.4 Strategic Outlook
7.12.5 SWOT Analysis
7.13 Thyssenkrupp
7.13.1 Business Overview
7.13.2 Financial Data
7.13.3 Product Landscape
7.13.4 Strategic Outlook
7.13.5 SWOT Analysis
7.14 Triaso, SA
7.14.1 Business Overview
7.14.2 Financial Data
7.14.3 Product Landscape
7.14.4 Strategic Outlook
7.14.5 SWOT Analysis
7.15 Zhengzhou Yifan Machinery Co., Ltd.
7.15.1 Business Overview
7.15.2 Financial Data
7.15.3 Product Landscape
7.15.4 Strategic Outlook
7.15.5 SWOT Analysis