Hydraulic Breaker Market By Equipment Size (Small, Medium, Large), By Type (Premium, Non-premium), By Application (Breaking Oversized Material, Trenching, Demolition, Others), By End user industry (Construction, Mining, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global hydraulic breaker market was valued at $1,993.9 million in 2021, and is projected to reach $3,509.7 million by 2031, registering a CAGR of 5.7% from 2022 to 2031. The hydraulic breaker is a construction equipment that is used for the demolition of a structure and breaking rocks into smaller sizes. It is an attachment on an excavator and works on the principle of hydraulics. It applies high pressure from its small canister that has pressurized hydraulic oil stored in it. These machines are widely used in construction and mining sectors to enhance productivity and save manpower.
Some significant factors that impact the growth of the global hydraulic breaker market include increase in construction and infrastructure activities in developed nations. Furthermore, growth in mining sector and increase in demand for coal, metal, & minerals accelerate the hydraulic breaker market growth. However, lack of skilled & qualified operators and decrease in new construction activity are the factors anticipated to hinder the growth of the market. Moreover, rise in demand for technologically advanced equipment in mining sector is expected to provide future growth opportunities in the market.
Construction companies that want to save money or cut down in costs can highly benefit from hydraulic breakers. Since hydraulic breakers require grease and oil to maintain, the internal components are kept lubricated, which reduces the amount of upkeep. The longer the demolition tool lasts, less money is spent on equipment. Hence, key players manufacture advanced and cost-effective hydraulic breaker for mining and construction sectors.
For instance, in September 2021, Brokk Global introduced the Brokk Pedestal Boom, a compact, stationary breaker boom system for the mining and aggregates industry. Hence, such factors provide lucrative growth in the market. Population growth in developing countries such as China, India, and the U.S. are expected to bring rapid urbanization, boost the development of the housing sector, and augment the demand for hydraulic breakers. According to the United Nations (UN), by 2050, about 68% of the world's population is expected to live in urban areas. This is anticipated to increase construction activity for housing, infrastructure, and non-residential construction worldwide. Such factors drive the growth of the hydraulic breaker market during the forecast period.
The hydraulic breaker market is segmented into equipment size, type, application, end user industry, and region. On the basis of equipment size, the market is divided into small, medium, and large. Depending on type, it is classified into premium and non-premium. By application, it is segregated into breaking oversized material, trenching, demolition, and others. On the basis of end user industry, it is further categorized into construction, mining, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Competition Analysis
The major players profiled in the hydraulic breaker market include CATERPILLAR INC., DAEMO ENGINEERING CO., LTD., EPIROC, FURUKAWA CO., LTD., INDECO, MONTABERT, msat – msb corporation, NPK CONSTRUCTION EQUIPMENT, INC., SANDVIK, and SOOSAN CORPORATION Co., Ltd. Major companies in the market have adopted acquisition, partnership, and business expansion as their key developmental strategies to offer better products and services to customers in the hydraulic breaker market.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hydraulic breaker market analysis from 2021 to 2031 to identify the prevailing hydraulic breaker market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the hydraulic breaker market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global hydraulic breaker market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Equipment Size
Small
Medium
Large
By Type
Premium
Non-premium
By Application
Breaking Oversized Material
Trenching
Demolition
Others
By End user industry
Construction
Mining
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Denmark
Norway
Sweden
Finland
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
NPK Construction Equipment, Inc.
Soosan Heavy Industries Co., Ltd.
Sandvik AB
Msat Msb corporation
Indeco North America
Montabert
Caterpillar Inc.
DAEMO ENGINEERING CO., LTD.
FURUKAWA CO., LTD.
Epiroc AB
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