Jaw Crushers Market size is projected to expand at significant growth rate through 2027. The rising number of constructions, metallurgy, and mining activities in several countries across the globe is augmenting the crusher equipment demand .Technology advancement and new product development by manufacturers are anticipated to support the jaw crusher market over the forecast period. Jaw crusher manufacturers are offering innovative equipment that saves costs. For instance, the Metso MX jaw crushers joined a rotating bowl and piston into one crusher. This multi-action technology offers higher uptime, lower operating costs, and consistent output.
The jaw crushers are more popular due to their easy maintenance and simple design features. These machines can be easily relocated for servicing and maintenance purposes, reducing the overall operational cost of owners. The factors, such as limited availability of skilled labor for operation & maintenance of jaw crusher, hazardous emissions, and noise pollution during the operation of machines, are predicted to hinder the jaw crusher market demand.
The COVID-19 pandemic adversely affected the market as the lockdown restricted global construction and mining operations. The construction and mining industries are facing shortage of capital investment & workforce owing to quarantine restrictions. Mining and construction companies have either avoided or postponed their purchasing decisions of jaw crushers during the year. The supportive government policies and future megaprojects will generate favorable outcome in the post-COVID period.
The single toggle jaw is forecast to grow significantly through 2027 on account of its crushing properties. It crushes less hard & medium hardness ores and deals with a variety of stones & rocks with compressive strength. The single toggle crushers are lighter compared to the double toggle. The lightweight nature of single toggle crusher allows it to be easily installed and move in case of relocation.
The growth in mining & construction sector is driven by the increasing government spending for the development of roads & highways across the emerging economies including China and India. For instance, in October 2020, the Government of India initiated National Highway Projects, a road development program in South India. The project includes the upgrading of 549 kms of roads with a budget of USD 2.67 billion, which is expected to be complete by 2024.
Asia Pacific is likely to have a substantial share in the global jaw crusher market propelled by rising urbanization and increasing investments in infrastructure and mining sectors. Several long-term & short-term projects undertaken by public & private sectors of India are further attributing to the market growth. Developing countries, such as China and India, are investing significantly in the infrastructure sector and mineral resource exploitation projects. These factors will accelerate the jaw crusher market demand in Asia Pacific by 2027.
Major players in the jaw crusher industry are focusing on launching new products and upgrading their existing product portfolio. For instance, in September 2019, Metso Corporation launched crusher wear parts for smooth crushing operations. This launch helped the company to improve its product portfolio and customer experience.
Key players in the jaw crusher market are Astec Industries, FLSmidth & Co. A/S, Henan Dewo Machinery Co., Ltd., Henan Hongxing Mining Machinery Co., Ltd., H-E-Parts International, Komatsu, Mccloskey International, McLanahan Corporation, Metso Corporation, Sandvik Construction, SANME, Shanghai Jianye Heavy Industry Machinery Co., Ltd., ThyssenKrupp, Westpro Machinery, and Wirtgen Group.
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