Global Stone Crushing Equipment Market, by type (Jaw crusher, cone crusher, impact crusher, and others) and application (mining, quarrying, recycling, and others).
According to a new report published by Reports Monitor titled, “Stone Crushing Equipment Market By Type & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the stone crushing equipment market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia-Pacific region dominates the stone crushing equipment market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Stone crushing equipment is used to reduce the size, or to change the shape of the raw material mix by breaking down the stones into small pieces, so that they are easily differentiated for the desired end use. This crushing equipment are made up of metal surfaces which are capable of compressing all varieties of material, such as stones, quartzite, rocks, coke, iron, and many others. They operate by applying compressive strength to the material and crushing it by means of collision between the machine and the materials.
Stone crushing equipment used in various fields such as, building materials, mining, metallurgy, highways, roads, canals, buildings, bridges, and railways. And their working sites are placed near to the cities, canals and bridges. Stone Crushing equipment also demands a heavy electricity supply and a large manpower for operation and also requires access roads for the movement of crushed stone products. Due to these reasons, most stone crushing equipment are located in the vicinity of major construction projects or along the periphery of the cities.
The continuous development in construction industries around the world drives the major market of stone crushing equipment. The environmental impact about natural sand and stone reservoir is increasing which leads to increased attention on the artificial stone and sand manufacturing industry. Moreover, increasing per capita GDP, increasing construction spending and introducing new technologies such as mobile crushers are other major drivers for the growth of stone crushing equipment market.
However, the rising price of the crushing equipment all over the world proves to be a restraint to the growth of the global stone crushing equipment market.
Asia Pacific region is leading the highest market share in stone crushing equipment market across the globe due to rising number of infrastructure projects. These projects include the construction of roads, airports, and railway lines, which in turn, will boost the need for crushing equipment in the region.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global stone crushing equipment market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Metso Oyj, Sandvik AB, Terex Corporation, Caterpillar Inc., Komatsu Ltd., Joy Global Inc., BUCY International, and CNH Global N.V.
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