A crusher is an equipment that is designed for crushing stones or rocks into smaller pieces. The global crusher market is expected to witness sustainable growth during the forecast period owing to the growing construction industry and an increase in mining operations. The developing nations are introducing various reforms and regulations for boosting the infrastructure and real estate industries. Such reforms are expected to drive the global crusher market. However, the market growth is hindered by the fluctuating prices of raw materials, such as iron and steel. Growing demand for rental units is an opportunity for the global crusher market.
Asia-Pacific is expected to witness moderate growth in the crusher market during the forecast period: MRFR
On the basis of region, the global Crusher Market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific dominated the global market, followed by North America, primarily due to the growth in construction industry, mainly in China and India. The construction industry in Asia-Pacific is growing due to the growth in the number of construction projects, which adds to the Asia-Pacific crusher market growth. Moreover, mining is also growing with the rise in the global population and the accelerating economy, leading to the gowth of the crushers for mining applications.
The global crushers market is expected to witness 5.3% CAGR during the forecast period and is expected to be valued at USD 4,570 million by the end of the forecast period.
Jaw crushers segment, to occupy a large share of the global crusher market
On the basis of product type, the market has been segmented as cone crushers, high pressure grinding rolls, impact crushers, jaw crushers, and others. The jaw crushers segment is expected to witness high growth during the forecast period. Jaw crushers are used in heavy duty crushing applications. They are mainly used for mining and construction. They are used in waste management and recycling process.
The construction segment is expected to occupy the largest share in the global crusher market.
On the basis of application, the crusher market is segmented as construction, mining, aggregate, demolition, industrial, and environmental. The construction segment is expected to witness moderate growth rate during the forecast period. The crushers are extensively used in construction for reducing the size of large rocks or gravel as per the construction requirements. Authorities across all regions such as North America and Europe, have observed increased spending on private construction activities, especially in the US and the UK. Moreover, various developing countries are trying to meet the demand for accomodation and employment with the rising global population, leading to the demand for crushing equipment.
The prominent players in the global crusher market are Terex Corporation (US), thyssenKrupp (Germany), FLSmidth (Denmark), Metso Corporation (Finland), HARTL CRUSHER (Austria), IROCK CRUSHERS (US), McLanahan (US), and Sandvik AB (Sweden).
Eagle Crusher Company, Inc. (US), Lippmann-Milwaukee, Inc. (US), Westpro Machinery (Canada), The Weir Group PLC (UK), Astec Industries, Inc. (US), Komatsu Mining Corp (US), WIRTGEN GROUP (Germany) are some of the other key players operating in the global crusher market.
Scope of the Report
This study provides an overview of the global crusher market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific and the Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global crusher market by product type, application, and region.
- By Product Type
- Cone Crushers
- High Pressure Grinding Rolls
- Impact Crushers
- Jaw Crushers
- By Application
- By Region
- North America
- Rest of the World