Jaw Crushers Market size will see notable proceeds during the period 2022 to 2028 owing to the fast-growing infrastructure and construction sectors along with the surging need for crushing hard materials and stones. The increasing rate of industrial automation, mainly in mining, recycling, and waste management has resulted in the higher adoption of technologically advanced crushing systems. The influx of IoT and Industry 4.0 is also expected to fuel the market growth.
Jaw crushers are a large piece of equipment employed in mine and ore processing plants for crushing rocks. Smaller feeder capacities and the fluctuating spare parts & raw material prices as well as the dearth of skilled manpower for operating and maintaining the crushers will, however, negatively influence the industry outlook.
On the basis of type, the jaw crushers market is classified into single toggle and double toggle. The revenue of the double toggle jaw crushers industry will expand through 2028 due to robust abilities to crush tough and abrasive materials, hard stones, and rocks, as well as ferrous metals. These crushers are affordable in comparison to their single toggle counterparts. Double toggle crushers are designed with heavy-duty fabricated plate frames for providing durability. Increasing adoption for offering seamless functionality and guaranteeing excellent productivity is another impact rendering factor driving the product demand spurt.
With respect to end-use, the jaw crushers market share will attain notable proceeds from the mining sector driven by growing government expenditure on the development of roads and highways in China and India. Jaw crushers help mine engineers with reduced operating costs and minimized downtime for crushing and compacting large pieces of hard material efficiently and safely. On account of their long service life and robust designs, they can be touted as essential equipment in all mining industries. The rising rate of automation across the mining sector will also infuse a scenario for the industry expansion.
North America jaw crushers market is predicted to account for a significant impelled by the robust presence of technologically advanced machinery in the region. The rising number of crushing equipment manufacturers and the growing product demand in the U.S. are other factors influencing the regional market growth.
On the other hand, the increasing number of government-led investments in transportation infrastructure and ongoing technological advancements will favor the product demand in the Asia Pacific. The jump in construction activities coupled with the growing exploitation of mineral resources will add positive impetus to the product demand across the region.
Leading players operating in the jaw crushers market are FLSmidth & Co. A/S (Smidth-Fuller Engineering Group.), Mccloskey International, Mccloskey International, McLanahan Corporation, Henan Hongxing Mining Machinery Co., Ltd., Metso Corporation, Shanghai Jianye Heavy Industry Machinery Co., Ltd., Sandvik Construction, H-E-Parts International, Wirtgen Group, SANME, Westpro Machinery, Henan Dewo Machinery Co., Ltd., Komatsu, and Astec Industries.
These companies are looking forward to expanding their production capacities, while engaging in marketing collaborative strategies, like acquisitions, and partnerships, combined with novel product launches to cater to the growing industrial demand.
For instance, in April 2021, Komatsu Europe introduced BR380JG-3, its new mobile jaw crusher powered by its EU Stage V emissions compliant diesel engine to meet the escalating cleaner environment and reduced CO2 emissions requirements.
In another instance, in March 2022, Metso Outotec added Nordtrack™ I1011, a new impact crusher to its mobile crushing and screening range. The novelty seeks extensive usage in smaller-sized applications and job sites across the construction and demolition waste recycling sector.
Amid the coronavirus outbreak, the demand for jaw crushers prominently declined owing to the sudden halts in construction and mining activities due to the imposition of the nationwide lockdowns, mainly in the first two quarters of 2020. The abrupt border closures also made way for disrupted supply chains and limitations in raw materials. Furthermore, the access to government stimulus, mainly in New Zealand and Australia helped in the market expansion to some extent.
Market, By Type, 2016 - 2027 (USD Million)
Market, By Pivoting Position, 2016 - 2027 (USD Million)
Market, By End Use, 2016 - 2027 (USD Million)
The above information has been provided for the following regions and countries: