Stone Crushing Equipment Market Forecasts to 2028 – Global Analysis By Product Type (Impact Crusher, Cone Crusher, Jaw Crusher, Gyrator Crusher), Mobility (Stationary Crushing Equipment, Mobile Crushing Equipment), End User (Mining and Metallurgy, Constru

Stone Crushing Equipment Market Forecasts to 2028 – Global Analysis By Product Type (Impact Crusher, Cone Crusher, Jaw Crusher, Gyrator Crusher), Mobility (Stationary Crushing Equipment, Mobile Crushing Equipment), End User (Mining and Metallurgy, Construction, Quarrying, Recycling) and Geography

According to Stratistics MRC, the Global Stone Crushing Equipment Market is accounted for $4.94 billion in 2022 and is expected to reach $6.74 billion by 2028 growing at a CAGR of 5.3% during the forecast period. Stone crushing equipment is used to decrease the size or to modify the form of the unprocessed substance by breaking down the stones into small segments. They discover use in a various kinds of fields like building materials, mining, metallurgy, highways, chemistry, railways, etc. They can produce different sizes of crushed stones. They are widely utilized to crush bulk and heavy stones into various sizes efficiently and constantly.

According to a report by the India Brand Equity Foundation (IBEF), the Government of India plans to construct over 100 smart cities across the country. According to world mining data, the total mining production across the globe was accounted to be more than 16.5 billion metric tons.

Market Dynamics:

Driver:

Impact of Mining industry

The mining, metal, and mineral industries are of huge significance to the economies, with the major share of all global mining trade and investment conducted within the region. As per the World Trade Organization, the share of natural resources in whole world exports augmented. The free trade and investment in the mining division replicate the significance of metals and minerals in producing economic expansion as a part in numerous key products that have enhanced living standards. Its collaborative activities support well-managed, efficiently coordinated mining and metallurgical functions, which are sustainable and that contribute to the well being and livelihoods of citizens.

Restraint:

Fluctuating material prices

There are numerous costs related with the manufacturing of crusher that involves huge investments, which augment the price for the operators. The raw material is one of the main aspects of the global crusher market, which accounts for the major share of the total price of manufacture. The prices of materials, such as steel, plastic, copper, and iron, required to manufacture such equipment fluctuate, which could raise the price of the final products. Thus, the fluctuating raw material prices affect the production cost, which is expected to restrict the growth of the global crusher market.

Opportunity:

Rising demand for crusher

Crusher sets are obtainable on rent with different kinds of machinery according to the requirements of projects in the mining industry. The growing demand for rented crushers can be attributed to the lower costs connected with renting than acquiring new equipment. With many small and medium scale manufacturers unable to afford new equipment, the global crusher rental business segment is witnessing decent growth. Consumers can rent different kinds of crushers for a particular project, as per their requirements and period frame, which reduces the overall project cost. However, if they purchase a variety of new equipment for their projects, they must tolerate high expenses.

Threat:

Emissions

Dust emissions influence the climate, damage the material, human health and vegetation. When the total amount of impure particles in the atmosphere increases, impure particles may absorb incoming solar radiation, causing a raise in the atmospheric and land surface temperature. The physical properties of atmospheric impure particles change human health either by allowing penetration of the lung and causing irritation to the internal membrane, or by transporting absorbed toxic gases and vapors deeper into the lung than they would usually travel.

Covid-19 Impact

The outbreak of COVID-19 has severely disrupted the supply chain, resulting in a lack of raw materials and components necessary for manufacturing crushers. Due to supply chain disruptions and contractual implications, equipment manufacturers are facing complicated situations in obtaining low cost raw material as the manufacturing units are closed. Moreover, the key manufacturing players in all the regions are emphasizing the development of new strategies to meet the consumer demands in the various countries across the globe. Consequently, it causes significant difference in the prices materials. In addition, international transportation was strictly hit by the outbreak of the pandemic.

The jaw crusher segment is expected to be the largest during the forecast period

The jaw crusher segment is estimated to have a lucrative growth, due to its performance. It is commonly utilized in a variety of industry segments like construction, metallurgy, and mining, for crushing different materials like rocks, marbles, granite, iron ore, and copper ore. They are engaged by contractors because of their uncomplicated maintenance and uncomplicated design features. It can execute well even in high pressure, and there is no necessity to add and subtract different process gaskets. These machines can be easily relocated for service & maintenance purposes, which decrease the overall operational price in a project, thereby contributing to the stone crushing equipment market growth.

The cone crushers segment is expected to have the highest CAGR during the forecast period

The cone crushers segment is anticipated to witness the fastest CAGR growth during the forecast period, due to their high crushing proportion, smaller extra part necessity, and lower operating expenses. These equipments are extensively used in the building and road construction, metallurgy, chemical, and many other industries for crushing various raw materials. These machines crush the material between concave & convex shaped surfaces. This crusher has steady structures that assist contractors to gain advanced production efficiency.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to significant building projects. The country's rapidly expanding population is generating significant demand for housing projects, and also there is an increase in the mining and construction industry. The focus on improving infrastructure to boost the economic position is also adding to the market opportunity in the region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the several ongoing and upcoming skyscrapers projects followed by the growing infrastructure investments and the resultant consumption of tools for crushing stones are contributing to the stone crushing equipment market growth. Rise in mining activities are increasing the utilization of stone crushers due to their capability to crush ores, minerals, and rock efficiently. These machines are majorly situated near construction projects where it is essential on a larger scale.

Key players in the market

Some of the key players profiled in the Stone Crushing Equipment Market include Terex Corporation, Joy Global Inc, Sandvik AB, BUCY International, Caterpillar Inc., CNH Global N.V., Komatsu Ltd., Metso Oyj, Eagle Crusher Company Inc., Astec Industries Inc., McLanahan, Weir Group, Zhengzhou YiFan Machinery Co. Ltd., IROCK Crusher, Telsmith Inc., Stedman Machine Company, Thyssenkrupp AG, Minyu Machinery, Kawasaki Heavy Industries, and Tesab Engineering.

Key Developments:

In August 2022, Sandvik has witnessed the investment in its mobile jaw crusher, which has engaged more than 5 jaw crusher units under this investment order.

In July 2022, Metso Oyj signed a strategic agreement with Larsen & Toubro Limited in order to supply four Symons cone crushers for an iron ore crushing and screening plant which is located in National Mineral Development Corporation (NMDC) at Kirandul complex in Chhattisgarh, central India.

In December 2021, Weir Groups Minerals has announced the upgradation of its range new range of Trio TC live-shaft cone crushers’ equipment. With new advancements, Trio TC84XR will now feature robust design elements made suitable for mining and sand and aggregate industries.

Products Types Covered:
• Impact Crusher
• Cone Crusher
• Jaw Crusher
• Gyrator Crusher
• Other Product Types

Mobilities Covered:
• Stationary Crushing Equipment
• Mobile Crushing Equipment
• Other Mobilities

End Users Covered:
• Mining and Metallurgy
• Construction
• Quarrying
• Recycling
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements