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Stone Crushing Equipment Market Size - By Product (Cone Crusher, Jaw Crusher, Impact Crusher), By Application (Mining, Quarrying, Recycling), Regional Insights & Global Forecast, 2023 – 2032

  • Report ID: GMI2011
  • Published Date: Aug 2023
  • Report Format: PDF

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.

 

Stone Crushing Equipment Market

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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.

 

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

 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for stone crushing equipment is poised to record around 8% CAGR from 2023 to 2032, owing to the rising demand for construction waste recycling.
Jaw stone crushing equipment market size is estimated to witness over 10% CAGR through 2032, owing to their reliability, efficiency, and versatility in various industries.
APAC market for stone crushing equipment is poised to expand at notable CAGR from 2023-2032 attributed to the rapid urbanization, burgeoning infrastructure projects, and surging demand for aggregates in construction and mining activities.
Sandvik AB, Terex Corporation, Astec Industries, Komatsu Ltd., Eagle Crusher Company Inc., Thyssenkrupp, Mesto Oyj, and IROCK Crusher, among others.

Stone Crushing Equipment Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 129
  • Countries covered: 16
  • Pages: 130
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