DUBLIN--(BUSINESS WIRE)--The "Stone Crushing Equipment Market" report has been added to ResearchAndMarkets.com's offering.
The global stone crushing equipment market is anticipated to register a CAGR of about 8% during the forecast period (2020 - 2025).
- Growing urbanization, increasing population, development of highways and infrastructure, increasing transportation, growing mining activities will contribute to the growth of the stone crushing equipment market.
- The global mining industry has been witnessing steady growth for the past few years, owing to a rise in mining exploration activities and initiation of new mining projects in countries, such as Canada, the United States, Australia, India, Russia, and South Africa.
- Various players active in the market are launching their updated models with improved performance and capacity. For instance, in May 2020, Metso's launched Nordberg HP900 cone crusher, HP900 is an upgrade to the HP800 cone crusher with 15% more capacity than HP800.
Key Market Trends
Jaw Crusher is projected to witness the highest growth in the Market
There is an increase in demand for fewer emissions in stone crushing equipment mainly the jaw crusher. The jaw crusher primarily employed in the cement industry, but its application is also in the non-metallic and mineral crushing fields in other industries With respect to other crusher equipment jaw crusher performance is comparatively more stable. It can perform well even in high pressure, and there is no requirement to add and subtract different process gaskets.
Also, jaw crusher is getting new updates such as hybrid drives such as Keestrackelectric drives solutions with transport weights up to 60 tons. Various market participants are launching their enhanced and more advanced versions of the jaw crusher.
Asia Pacific is Expected to grow at the fastest rate in the Market
One of the key factors of the growth of the Asia-Pacific stone crushing equipment market is due to the increased manufacturing units and rising industrialization in countries, such as China, India, and Japan, are boosting the growth of the stone crushing equipment market.
India which is one of the fastest-growing construction markets in this region is expected to spend around USD 13 trillion in the construction industry by 2030. 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.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Cone Crusher
5.1.2 Jaw Crusher
5.1.3 Impact Crusher
5.2 By End-User
5.2.2 Mining and Metallurgy
5.3 By Geography
5.3.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
5.3.3 Asia Pacific
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.3.4 Rest of the World
188.8.131.52 United Arab Emirates
184.108.40.206 Other Countries
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Astec Industries
6.2.2 Eagle Crusher Company Inc.
6.2.3 Weir Group
6.2.4 Metso Corporation
6.2.5 SANDVIK AB
6.2.6 IROCK Crusher
6.2.7 Telsmith Inc.
6.2.8 Thyssenkrupp AG
6.2.9 Mormak Equipment Inc.
6.2.10 Komatsu Ltd.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/p5evao.
Laura Wood, Senior Press Manager
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