Stone Crushing Equipment Market

Stone Crushing Equipment Market was valued at USD 5,300 Million in 2019, exhibiting a CAGR of 8% during forecast period (2020-2027), owing to the rapidly accelerating urban population and rising mining activities.

To have an edge over the competition by knowing the market dynamics and current trends of “Stone Crushing Equipment Market”, request for Sample Report here

Key Drivers

Rise in the application of stone crushing equipment for reducing the size of rocks and stones in various fields including aggregates production, construction material recycling, metallurgy, and in mining operations is one of the major factors boosting the growth of the market. Additionally, increasing demand of stone crushing equipment in the construction activity that includes highways, roads, canals, buildings, and bridges is expected to further accelerate the growth of the market. Moreover, the increase in mining exploration activities and the advent of new mining projects across nations like the United States, Canada, Australia, India, Russia, and South Africa, will propel the market growth. The increasing adoption of stone crushing machines across various applications such as metallurgy, building materials, mining, highways, chemistry, railways, based on the need of construction activities like roads, canals, highways, buildings, and bridges, will expand the market growth. With the growing prominence of artificial stone and sand manufacturing industry because of the depleting natural resources, the demand for stone crushing equipment has increases, driving the market growth.

Moreover, high growth rate of global urbanization, continuous development of the construction industry, and considerable rise in mining activities across the world are also anticipated to augment the growth of the stone crushing equipment market during the forecast period. Furthermore, depleting marine reserves of natural sand and stone has led to increase in the demand of the artificial stone and sand manufacturing industry, thereby, supporting the growth of the stone crushing equipment market. However, the increasing price of the stone crushing equipment is expected to hamper the growth of the global stone crushing equipment market over the forecast period. The need for huge manpower for the operation, huge amount of electricity, and high cost of stone crushing equipment are other factors hindering the growth in the market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Type Segment Analysis

Based on type, the market is segmented into jaw crusher, cone crusher, impact crusher, and others. The jaw crusher segment is expected to grow at a higher CAGR in the market owing to the extensive use of jaw crushers in mining and quarrying activities for crushing different types of materials including rocks, marbles, iron ore, granite and copper ore. Additionally, low cost, easy operation, and less maintenance required by jaw crusher as compared to the other stone crushing machines are further boosting the growth of the market. Growing demand for stone crushing equipment across various industries such as heavy duty mining, construction, and metallurgy, owing to its strength and high efficiency, is forecast to expand the market growth. Moreover, the flexibility, elasticity, low maintenance, and simple design features have augmented the demand for jaw crusher machines, driving the market growth. Various leading market players are involved in offering more advanced versions of the jaw crusher, which is expected to offer enormous growth opportunities to the market. For instance, in 2019, Power screen introduced Premiertrak330 jaw crusher, which uses a 1000mm x 600mm jaw chamber and can produce up to 280tonnes/hour of crushed material.

End-Use Industry Analysis

Based on end-use industry, the market is segmented into mining, quarrying, recycling, and others. The mining end-user industry segment is anticipated to lead the market over the forecast period primarily due to the growing utilization of stone crushers for crushing bulk and heavy stones into different sizes efficiently and reliably. In addition, increasing mining activities and the rising demand of stone crushing equipment in mineral processing operations are expected to augment the growth of the market during the forecast period.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional Analysis

Based on the region, Asia-Pacific region is anticipated to dominate the stone crushing equipment market during the forecast period. This is primarily due to the increasing quarrying and mining activities in the region. Additionally, growing economies including China, Japan, India, and South Korea, coupled with the considerable growth in the construction industry in the region is further expected to support the growth of the market. A significant increase in government expenditure across the emerging economies including China and India to develop roads and highways is expected to boost the stone crushing equipment market growth. For instance, the Indian Government started a road development program for North East India, incorporating upgradation of 4,000 km of roads with a budget of around USD 3.3 billion. Furthermore, several long term and short-term projects undertaken by the public & private sectors of developing countries in Asia Pacific is forecast to contribute to the market growth.

North America is projected to grow at a higher CAGR during the forecast period owing to the increasing investment in the infrastructure industry region. Moreover, rapid economic development, increased standard of living, and surging number of construction activities across the US and Canada are further supporting the market growth in the region.

Various notable players operating in the global stone crushing equipment market, include, Metso Corporation

Sandvik AB, Molson Group, McCloskey International, Terex Corporation, Caterpillar Inc., Komatsu Ltd., CNH Global N.V., IROCK Crusher, Thyssenkrupp AG, Eagle Crusher Company, Inc., and Astec Industries, Inc. among other companies. 

Key Developments:

• • In 2020, Metso Corporation and Outotec Oyj announced the merging of Metso’s Minerals business and Outotec Oyj through a partial demerger to establish a new company named as Metso Outotec.
  • In 2019, the Molson Group has acquired the Finlay Scotland Limited, an equipment dealer of Terex Finlay products in Scotland and the Scottish Islands. Through this acquisition, Molson Finlay secured the distribution rights for the complete range of Terex Finlay mobile crushing, screening and conveying equipment across Great Britain.
  • In 2019, McCloskey International, a screening and crushing specialist acquired Lippmann-Milwaukee, a manufacturer of crushing equipment for processing applications. This is expected to enhance the product portfolio of the company.

The global stone crushing equipment market has been segmented on the basis of type, end-user industry, and region. Based on type, the market is segmented into jaw crusher, cone crusher, impact crusher, and others. Based on end-use industry, the market is segmented into mining, quarrying, recycling, and others.

For detailed scope of the “Stone Crushing Equipment Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Stone Crushing Equipment Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Stone Crushing Equipment Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Stone Crushing Equipment Market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various end-use industries of global Stone Crushing Equipment Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Stone Crushing Equipment Market by Type

• • Jaw Crusher
  • Cone Crusher
  • Impact Crusher
  • Others

Global Stone Crushing Equipment Market by End-Use Industry

• • Mining
  • Quarrying
  • Recycling
  • Others

Global Stone Crushing Equipment Market by Region

• • North America Stone Crushing Equipment Market (Option 1: As a part of the free 25% customization)
    • North America Stone Crushing Equipment Market by Type
    • North America Stone Crushing Equipment Market by End-Use Industry
    • US Stone Crushing Equipment Market All-Up
    • Canada Stone Crushing Equipment Market All-Up
  • Europe Stone Crushing Equipment Market (Option 2: As a part of the free 25% customization)
    • Europe Stone Crushing Equipment Market by Type
    • Europe Stone Crushing Equipment Market by End-Use Industry
    • UK Stone Crushing Equipment Market All-Up
    • Germany Stone Crushing Equipment Market All-Up
    • France Stone Crushing Equipment Market All-Up
    • Spain Stone Crushing Equipment Market All-Up
    • Rest of Europe Stone Crushing Equipment Market All-Up
  • Asia-Pacific Stone Crushing Equipment Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Stone Crushing Equipment Market by Type
    • Asia-Pacific Stone Crushing Equipment Market by End-Use Industry
    • China Stone Crushing Equipment Market All-Up
    • India Stone Crushing Equipment Market All-Up
    • Japan Stone Crushing Equipment Market All-Up
    • Rest of APAC Stone Crushing Equipment Market All-Up
  • RoW Stone Crushing Equipment Market (Option 4: As a part of the free 25% customization)
    • RoW Stone Crushing Equipment Market by Type
    • RoW Stone Crushing Equipment Market by End-Use Industry
    • Brazil Stone Crushing Equipment Market All-Up
    • South Africa Stone Crushing Equipment Market All-Up
    • Saudi Arabia Stone Crushing Equipment Market All-Up
    • UAE Stone Crushing Equipment Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Stone Crushing Equipment Market All-Up

Global Stone Crushing Equipment Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Metso Corporation
  • Sandvik AB
  • Terex Corporation
  • Caterpillar Inc.
  • Komatsu Ltd.
  • CNH Global N.V.
  • IROCK Crusher
  • Thyssenkrupp AG
  • Eagle Crusher Company, Inc.
  • Astec Industries, Inc.
  • Molson Group
  • McCloskey International