Global Hydraulic Breaker Market Size Study & Forecast, 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, Other

Global Hydraulic Breaker Market Size Study & Forecast, 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) and Regional Analysis, 2023-2030

Global Hydraulic Breaker Market is valued at approximately USD 2.11 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2023-2030. A Hydraulic breaker, also known as a hydraulic hammer or rock breaker, is a powerful percussion hammer fitted to an excavator or other construction machinery. It is powered by hydraulic fluid, typically oil, which is pumped into a high-pressure reservoir within the breaker and then released through valves to create repeated blows, much like a hammer striking rapidly. These blows are transmitted through a chisel or blunt tool at the end of the breaker to break or demolish hard materials such as concrete, rock, asphalt, and pavement. Moreover, the growing infrastructure development, increasing construction activities, and growing expansion of mining and quarrying activities are anticipated to create the lucrative demand for the market during forecast period 2023-2030.

Additionally, the increasing construction activities in both residential and commercial sectors fuel the demand for hydraulic breakers. These tools are used extensively in construction projects for demolishing old structures, excavating hard materials, and preparing sites for new construction. According to the oxford economics, global construction industry will be grown by 85% to USD 15.5 trillion by 2030, with India, China, and United States capturing 57% share of all global growth. According to Statista, in 2016 the value of construction work done by Hochtief a global provider of construction-related services was USD 23.30 billion and in 2021 the number reached USD 25.98 billion. As a result, the growing construction sector is anticipated to support the market growth. Moreover, the growing advancements in hydraulic breaker technology, and rapid urbanization in emerging economies are anticipated to create the lucrative opportunity for the market. However, the lack of skilled and qualified operators stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Hydraulic Breaker Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising invest in infrastructure projects such as roads, bridges, tunnels, and buildings, rising mining and quarrying industries, continuous advancements in hydraulic breaker technology, and presence of key market players. Whereas, the Asia Pacific is expected to grow with the fastest growth rate during the forecast period, owing to factors such as the rising urbanization, growing infrastructure development, increasing construction and mining activities, and growing focus on infrastructure modernization.

Major market players included in this report are:
Soosan Heavy Industries Co., Ltd.
Epiroc AB
Montabert
FURUKAWA CO., LTD.
Sandvik AB
Msat Msb corporation
Caterpillar Inc.
NPK Construction Equipment, Inc.
Indeco North America
Daemo Engineering Co., Ltd.

Recent Developments in the Market:
 In April 2021, Epiroc, a leading company dedicated to boosting efficiency and environmental responsibility in the mining and infrastructure industries, has finalized a deal to acquire DandA Heavy Industries, a prominent hydraulic breaker manufacturer headquartered in South Korea.

Global Hydraulic Breaker Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Equipment Size, Type, Application, End user industry, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

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

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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