Crusher Equipment Market Size, Share Report, Analysis, Trends, Growth, 2030

Crusher Equipment Industry Prospective:

The global Crusher Equipment market was valued at around USD 4,500 million in 2022 and is expected to grow to around USD 7,000 million by 2030, with a compound annual growth rate (CAGR) of approximately 5.8% between 2023 and 2030.

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Crusher Equipment Market: Overview

Crusher equipment is used for reducing the size of large rocks and stones into smaller sizes and gravel. The growing construction and mining industries are the primary drivers for the Crusher Equipment market, as the demand for infrastructure development increases. The demand for construction materials, such as cement and aggregates, is also increasing, driving the demand for crusher equipment. Crusher equipment is utilized in various industries such as mining, quarrying, recycling, building & construction, and others, including agriculture and railway. The growth of the construction and mining industries along with the increasing demand for infrastructure development are expected to be the primary drivers for the growth of the Crusher Equipment market. However, factors such as high capital investments and the availability of alternative equipment and technologies could pose challenges to the market's growth.

Key Insights

• The global Crusher Equipment market is expected to grow at a CAGR of approximately 5.8% between 2023 and 2030.
• In terms of revenue, the global Crusher Equipment market size was valued at around USD 4,500 million in 2022 and is projected to reach USD 7,000 million by 2030.
• The primary driver for the Crusher Equipment market is the increasing demand for infrastructure development in the construction and mining industries.
• Among the products, the jaw crusher segment is expected to hold the largest market share during the forecast period.
• Among the applications, the mining segment is expected to dominate the market during the forecast period.
• In terms of geography, Asia Pacific is expected to hold the largest market share during the forecast period, owing to the growing construction and mining industries in the region.

Crusher Equipment Market: Growth Drivers

Increasing Infrastructure Development Drives Market Growth

The increasing demand for infrastructure development, such as roads, bridges, and buildings, is the primary driver of the global crusher equipment market. The construction industry, in particular, is a significant contributor to market growth. Governments around the world are investing in infrastructure development projects to support economic growth, which is driving the demand for crusher equipment. Additionally, the demand for aggregates and cement, which are key components in construction, is increasing, further driving the demand for crusher equipment.

Crusher Equipment Market: Restraints

Stringent government regulations on mining and quarrying activities

The mining and quarrying activities involved in the production of aggregates and minerals require compliance with various environmental regulations and laws enforced by government authorities. The stringent regulations and policies related to mining activities, including extraction, transportation, and processing of materials, can restrict crusher equipment market growth. These regulations can lead to a delay in the approval process, resulting in increased operational costs and reduced profitability for companies operating in the market. Additionally, the lack of proper infrastructure and the shortage of skilled labor can further hinder market growth.

Crusher Equipment Market: Opportunities

Advancements in Crusher Equipment Technology Drive Market Growth

The crusher equipment industry is constantly evolving with technological advancements, which is driving market growth. Advancements in crusher technology have improved the efficiency and productivity of crusher equipment, making it more effective and cost-efficient. Innovations such as automation and remote monitoring have made crusher equipment more user-friendly and safer to operate, leading to increased demand. Additionally, manufacturers are focusing on developing eco-friendly crusher equipment to reduce the impact of mining and quarrying on the environment.

Crusher Equipment Market: Segmentation

The global crusher equipment market is segmented based on product type, application, and region.

Based on product type, the market is segmented into cone crushers, jaw crushers, impact crushers, and others. The jaw crushers segment is expected to hold the largest share of the crusher equipment market during the forecast period. Jaw crushers are widely used in the mining and construction industry for crushing different materials such as rocks, marble, granite, iron ore, and copper ore. The rise in construction activities and an increase in mining operations are expected to drive the demand for jaw crushers. Furthermore, the ease of operation & maintenance, low cost, and high productivity associated with jaw crushers are also expected to drive segmental growth.

By application, the crusher equipment industry is segmented into mining, construction, and others. The mining segment is expected to hold the largest share of the market during the forecast period. The mining industry extensively uses crushers to break down raw materials such as ores and minerals. The increasing demand for metals and minerals such as gold, iron ore, and copper, among others, is expected to drive the growth of the mining sector, thus boosting the demand for crushers. The construction industry is also expected to contribute significantly to market growth, as crushers are widely used for breaking down rocks and other construction materials into smaller sizes.

Recent Developments:

• April 2021 - Sandvik released the new QJ341+ mobile jaw crusher, featuring a double-deck pre-screen, as well as enhanced automation and safety features. The crusher is designed for maximum productivity and user-friendliness, providing efficient crushing even for the toughest materials.
• March 2021 - Metso Outotec launched the Nordtrack S4.10, a mobile screen designed for small- to medium-sized crushing and screening contractors. The screen is easy to transport and can be set up quickly, making it ideal for contractors who need to move between job sites frequently.
• February 2021 - Astec Industries, Inc. announced that it had acquired a new facility in Arizona to expand its production capacity for mining equipment, including crushers. The new facility will enable Astec to meet the increasing demand for mining equipment and services in North America.

Crusher Equipment Market: Report Scope

Crusher Equipment Market: Regional Analysis

North America is expected to lead the global crusher equipment market.

North America is expected to lead the global crusher equipment market due to the presence of several key players in the region, such as Terex Corporation, Caterpillar Inc., and Metso Corporation. These companies are investing heavily in research and development to launch new products and stay competitive in the market. In addition, the region's construction industry is booming, which is driving demand for crusher equipment.

The Asia-Pacific region is expected to witness significant growth in the crusher equipment industry due to the growth of the construction industry in countries such as China and India. These countries have a massive population and a growing economy, which has led to increased investments in infrastructure development. Moreover, the adoption of advanced technologies in these countries is expected to fuel the demand for crusher equipment.

Europe is also expected to witness substantial growth in the crusher equipment market due to the region's high investment in infrastructure development, such as roads, highways, and railways. Additionally, the region has a well-established mining industry, which drives the demand for crusher equipment.

Latin America and the Middle East & Africa are expected to grow at a slower rate due to the limited availability of skilled labor, lack of infrastructure development, and political instability in the region. However, increasing investments in infrastructure development and mining activities in these regions are expected to drive market growth over the forecast period.

Crusher Equipment Market: Competitive Analysis

The major players operating in the global crusher equipment market include:

• Sandvik AB
• Metso Corporation
• Terex Corporation
• Astec Industries Inc.
• Komatsu Ltd.
• Thyssenkrupp AG
• Caterpillar Inc.
• FL Smidth & Co. A/S
• Eagle Crusher Company Inc.
• McLanahan Corporation.

The global crusher equipment market is segmented as follows:

By Product

• Cone Crusher
• Jaw Crusher
• Impact Crusher
• Others

By Application

• Mining
• Quarrying
• Recycling
• Building & Construction
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa