Global Stone Crushing Equipment Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Stone Crushing Equipment Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. the global stone crushing equipment market is segmented on the basis of stone crusher type, end user, mobility solution, and region.
Global Stone Crushing Equipment Market: Overview
Stone crushing equipment is designed to change shape or lower the size of the raw material mix by breaking down stones into small pieces. The crushing equipment is capable enough to compress materials such as quartzite, stones, rocks, iron, coke, and others. The stone crushing equipment is extensively used in various verticals such as metallurgy, chemical, construction, and mining.
Global Stone Crushing Equipment Market: Dynamics
High adoption of machinery across various areas such as construction & building, mining, highways, railways, and metallurgy is a key factor expected to drive growth of the target market. According to a document published by World Mining Data, the worldwide mining production was 16.9 Bn metric tons in 2016 and the number is projected to increase significantly over the forecast period.
In addition, the emergence of mobile crushing machines is another factor expected to boost growth of the target market. In April 2018, For instance, Canada-based McCloskey International Ltd. launched a new impact crushers at Intermat 2018. A recent trend observed in the target market is major manufacturers are focusing on technological advancements in the machinery to fulfill mandatory standards for emission reduction. In addition, pollution control boards and government agencies are prepared strict norms of emissions for construction equipment to control the emission of hydrocarbons (HC), carbon monoxide (CO), nitrogen oxides (NOx), and particulate matter (PM). This is likely to force manufacturers to develop engines which support energy-efficient fuels and also save cost.
However, rising prices of crushing equipment is a major factor that may hamper growth of the global market to a certain extent.
Global Stone Crushing Equipment Market: Segment Analysis
Among the stone crusher type segments, the jaw crushing equipment segment is expected to account for significant revenue share in the global market.
Among the end user segments, the mining & quarrying segment is estimated to account for substantial revenue share and is projected to maintain its dominance over the forecast period.
Among the mobility solution segments, the mobile crushing equipment segment is expected to hold a major revenue share in the global market over the forecast period.
Global Stone Crushing Equipment Market: Regional Analysis
The market in the Asia Pacific is estimated to contribute major revenue share as compared to other regions. This is primarily attributed to increasing investments in the construction sector. Governments of South-East Asian countries such as Indonesia and the Philippines announced many infrastructure projects including the construction of airports, roads, and railway lines, which in turn, expected to boost demand for stone crushing equipment.
The market in North America is expected to account for second-highest share in terms of revenue over the forecast period, owing to several ongoing skyscrapers projects.
Global Stone Crushing Equipment Market Segmentation:
Segmentation by Stone Crusher Type:
- Jaw Crushers
- Cone Crushers
- Impact Crushers
- Others (Mineral Sizers, Hammer Mills)
Segmentation by End User:
- Mining & Quarrying
- Others (Agricultural, Chemical & Metallurgical)
Segmentation by Mobility Solution:
- Mobile Crushing Equipment
- Stationary Crushing Equipment
Segmentation by End-use industry:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- BASF SE
- Evonik Industries AG
- Solvay S.A.
- I. DuPont de Nemours and Company
- Celanese Corporation
- Lanxess AG
- Eastman Chemical Company
- Mitsubishi Engineering-Plastics Corporation
- Arkema SA
- LG Chem
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