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The crushing equipment market is estimated to grow at a CAGR of 4.27% between 2022 and 2027. The size of the market is forecast to increase by USD 488.68 million. The growth of the market depends on several factors, including the use of artificial sand for construction work, the rising demand for housing projects globally, and the stability of crude oil prices.
This report extensively covers market segmentation by type (jaw crushers, roller crushers, cone crushers, and others), end-user (mining, quarrying, recycling, construction and infrastructure, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the global crushing equipment market as a part of the global industrial machinery market. The parent global industrial machinery market covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The use of artificial sand for construction work is notably driving the market growth, although factors such as environmental issues related to crushing equipment may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Crushing Equipment Market Driver
The use of artificial sand for construction work is notably driving the stone crushing equipment market growth. Construction and infrastructure projects make use of river sand. River sand provides strength, bulk, and adhesive properties to construction materials, such as cement, brick, asphalt, and concrete. It is also used for landscaping projects. However, since 2010, many regional governments and countries have banned the export of river sand. This is because sand mining results in the erosion of river banks and negatively impacts biodiversity. It is also exhausting rapidly because of extensive mining. In addition, most infrastructure and construction projects are situated away from river banks. The transportation of river sand from river banks to construction sites proves to be difficult and adds to the overall cost of the project. Hence, construction project owners opt for better alternatives to river sand. The artificial sand produced by this equipment is one of the best substitutes for river sand.
Artificial sand is produced by crushing basalt or granite rock through a 3-stage crushing process. It is expected that in the near future, most countries will ban the use of natural river sand, which, in turn, will positively impact the use of artificial sand. Government regulations, increasing prices, and less availability drive the demand for artificial sand by construction project owners. The number of construction projects is expected to increase, which will drive the demand for artificial sand during the forecast period. Such factors will drive the growth of the market during the forecast period.
Significant Crushing Equipment Market Trend
Automation of crushing equipment is a major trend in the stone crushing equipment market. The material that is required to be crushed into smaller pieces is lifted from its source and transported to the surge bin near the equipment. The material is then loaded into the feeder of the equipment. After this, an operator runs this equipment manually till the entire process is completed. Small parts of the material which are procured after crushing the original material are then transported to a screener that separates them according to their sizes.
Operating this equipment manually consumes more time and requires a highly skilled workforce. This operation time can be minimized if this equipment is connected to another construction equipment and their operations are automated. The whole crushing operation can be automated by installing sensors in the equipment. If the entire process is automated, the original material to be crushed can be loaded into the conveyor belt from the source. This conveyor belt can then load the material into the feeder, where sensors will detect it and automatically start the process of material crushing. Automation can reduce the operation and transportation time, minimize the number of operators required to run the entire process, and decrease the overall cost. Thus, the increasing demand for automation of this equipment will drive the growth of the global market during the forecast period.
Major Crushing Equipment Market Challenge
Environmental issues related to crushing equipment are a major challenge impeding the stone crushing equipment market. All quarrying and stone processing operations, such as surface mining, screening, crushing, and material handling, are sources of high particulate emissions. During crushing operations, the generation of a significant amount of particulate matter is inherent, and these emissions are most frequent at the crusher feed and discharge points. The greater the reduction ratio during subsequent crushing stages from primary to tertiary crushing, the higher will be the emission levels.
Primary jaw crushers generate more particulate emissions and dust than cone crushers due to the bellows effect of the jaw and because cone crushers are mostly choke-fed. This minimizes open spaces from where particulate emissions and dust may be emitted. For subsequent reduction stages, roller or cone-type crushers generate more particulate matter and dust. This is a major challenge that is expected to impede mining activities, which, in turn, will hinder the growth of the global market during the forecast period.
Key Crushing Equipment Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Crushing Equipment Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the stone crushing equipment market.
Astec Industries Inc. - The company operates under two segments including infrastructure solutions, and materials solutions with a high focus on infrastructure solutions. The company under this segment?offers Asphalt plants and related components, Asphalt pavers, Asphalt storage tanks, Milling machines, and others. The company's key offerings include crushing equipment.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The stone crushing equipment market share growth by the jaw crushers segment will be significant during the forecast period. Jaw crushers can crush materials that are soft or very hard without any abrasion limits. Jaw crushers are also called universal crushers, as they can be used in various sectors, such as quarrying, heavy mining, and recycling. They are used in both infrastructure and mining projects, owing to their diverse use.
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The jaw crushers segment was valued at USD 771.69 million in 2017 and continued to grow until 2021. Jaw crushers are used in the construction, infrastructure, and mining industries. It consists of two vertical jaws and the void created between these two jaws is called a crushing chamber. Materials to be crushed are fed into this chamber. A jaw crusher exerts a mechanical force on these materials to break them into small pieces. Jaw crushers are heavy equipment and are made up of robust materials. To ease the process of transportation, jaw crushers are constructed in parts, especially if they are to be used for underground operations, such as mining. Jaw crushers are the most widely used crushing equipment and have great demand across various end-user segments. Jaw crushers are expected to witness the maximum growth rate. The major factor for this growth rate is innovation and technological advances in this segment, such as the increased crushing rate of materials. Vendors come up with the latest models from time to time, which can crush more materials per hour. This increases productivity and provides a uniform product. Vendors also try to provide enhanced protection to crushers by offering advanced relief systems. These systems protect jaw crushers in the event of an entry of any uncrushable object into the crusher. This, as a result, attracts many potential customers from different industries. In addition, factors such as long shelf life, high productivity, easy maintenance, cost-effectiveness, flexibility, convenient replacement of spare parts, the range of feeding capacity, the reduction ratio of materials, low noise pollution, and low energy consumption will increase the global demand for jaw crushing equipment.
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APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the stone crushing equipment market during the forecast period.
Construction equipment had better demand in APAC as compared with MEA, South America, and North America in 2022. This can be attributed to various infrastructure projects in APAC, which kept the demand for construction equipment strong, thus making a healthy market environment for crushing equipment as these projects use a significant amount of sand and gravel. Most high-scale infrastructure projects took place in China and India between 2011 and 2019. Governments of South-East Asian countries, such as Indonesia and the Philippines, have announced the development of many infrastructure projects, such as the construction of roads, airports, and railway lines, from 2015-2025. This is expected to result in an increased demand for construction equipment.
In 2020, the outbreak of COVID-19 affected the growth of several industries, including the construction and mining industries, in the region. However, in early 2021, the region started large-scale vaccination drives, which led to a decline in the number of COVID cases in the region. This has resulted in the lifting of lockdowns and the resumption of operations in end-user industries such as construction and mining, which has increased the demand for crushing equipment in the region. Hence, the stone crushing equipment market in the region is expected to grow during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Type (Jaw crushers, Roller crushers, Cone crushers, and Others), End-user (Mining, Quarrying, Recycling, Construction and infrastructure, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
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Crushing Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
178 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.27% |
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Market growth 2023-2027 |
USD 488.68 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
3.45 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 47% |
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Key countries |
US, Canada, China, Japan, and India |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Astec Industries Inc., Caterpillar Inc., Deere and Co., Eagle Crusher Company Inc., FLSmidth and Co. AS, IROCK Crushers, Komatsu Mining Corp., McLanahan Corp., Metso Outotec Corp., Minyu Machinery Corp., Mormak Equipment Inc., R.R. EQUIPMENT Co., Rock Engineered Machinery Co. Inc., Sandvik AB, SCREEN MACHINE INDUSTRIES LLC, Shibang Industry and Technology Group Co. Ltd., Terex Corp., The Weir Group Plc, thyssenkrupp AG, and Zhengzhou YiFan Machinery Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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