Stone Crushing Equipment Market size worth $8.5bn by 2025
Published Date: April 22, 2019 Authors: Preeti Wadhwani, Prasenjit Saha
Stone Crushing Equipment Market size is set to exceed USD 8.5 billion by 2025; according to a new research report by Global Market Insights, Inc.
Increasing focus on recycling the construction & demolition (C&D) waste to be used in future construction activities worldwide is driving the stone crushing equipment market growth. The surging demand for crushed stones owing to several C&D activities and the need for waste recycling will propel industry expansion globally. The growing population & shift of rural citizens to urban areas requiring more houses and commercial buildings creates high product demand. Governments in these regions are making huge investments for development of highways, roads, airports, and railway stations, where crushed stones are essential in construction activities. Moreover, the newly developed crushers and plants are integrated with enhanced crushing technology that provides final product in required sizes, further developing the market.
A prominent factor hindering the stone crushing equipment market is the high cost associated with the initial purchase, transportation, and operational maintenance associated with these machines. These machines have high power requirements for crushing operations, resulting in high maintenance & operational costs, hampering the market growth. Additionally, this equipment is integrated with emission monitoring systems, which will further add to the cost of the final product. The environmental benefits such as low pollution, less noise, and reduced carbon emissions from the crushing & quarrying operations in the application industries will overcome the pricing issues. Customers in the stone crushing equipment market, are focused on deploying such machines to support the carbon emission regulations imposed by various governments globally.
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In the stone crushing equipment market, the impact crushers were valued at over USD 670 million in 2018. These crushers use impact rather than pressure to crush feed materials. The advancements in impact crusher technology, such as fully or semi-autogenous systems and improved rotor design, are creating high product demand across the application industries. These machines are used as primary or secondary crushers depending upon the processing stage. Impact crushers can generate fine particles and are ideal machines for producing manufactured sand (M-Sand) further generating several market developments prospects.
Browse key industry insights spread across 130 pages with 107 market data tables & 22 figures & charts from the report, “Stone Crushing Equipment Market Size By Product (Cone Crusher, Jaw Crusher, Impact Crusher), By Application (Mining, Quarrying, Recycling), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
In the stone crushing equipment market size, the quarrying application will grow at over 9% CAGR from 2019 to 2025. The rapid growth is attributed to the demand for crushed rocks & aggregates required for immediate application usage. The rising mineral production from mining & quarrying sectors in Asian and African countries are expected to elevate the utilization of these machines over the forecast timeline. The rising awareness related to construction waste recycling is expected to surge the adoption of these machines. They are used to crush waste construction materials such as concrete, wood, and debris into reusable materials. Governments and private sectors worldwide are making large investments in constructing large infrastructures, producing a large amount of waste, further creating a high product demand.
In the stone crushing equipment market share, Europe is expected to grow at over 8% CAGR from 2019 to 2025. The rising concerns regarding construction waste materials are compelling the demand for crushing machines in the region. According to the European Commission, nearly 209 million tons of C&D waste were generated in Germany during 2015. To control the amount of waste generation and reuse it, several recycling projects have been adopted in the European countries, promoting the industry expansion. In September 2018, European Commission announced a Construction & Demolition Waste Protocol which aims to enhance the waste management process. Additionally, growing mining operations in Saudi Arabia and the UAE along with high government investments for enhancing the complex infrastructure facilities will add up to industry growth. These countries are focusing on decreasing the environmental pollution produced through the mining & construction operations, resulting in the usage of the ecofriendly machinery. As a result, the demand for energy-efficient crusher is increasing, further expanding the market.
Key companies present in the stone crushing equipment market share are Astec Industries, Sandvik AB, Eagle Crusher Company, Inc., Komatsu Ltd., Terex Corporation, ThyssenKrupp, Metso Oyj, and IROCK Crusher, among others. The companies are launching new products with energy-efficient and low pollution causing systems to comply with the stringent government regulations across various countries. The industry participants are investing huge amounts in expanding the dealership & product distribution network across various growing regions. For instance, in February 2019, Terex Corporation appointed PIC8 s.r.l. as its distributor for its Finlay crushers, screeners, and conveying equipment in Italy.
The stone crushing equipment research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2025, for the following segments:
Stone Crushing Equipment Market, By Product
- Cone crusher
- Jaw crusher
- Impact crusher
Stone Crushing Equipment Market, By Application
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa