#Cone Crushers Market Share

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Cone Crushers Market Report, Size, Share, Growth and Industry Analysis 2023-2028

IMARC Group, a leading market research company, has recently released a report titled “Cone Crushers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”. The study provides a detailed analysis of the industry, including the cone crusher market trends, size, share, and growth forecast. The report also includes competitor and regional analysis and highlights the…

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Hydraulic Cone Crusher Market Analysis, Trends, Share, Development Policies, and Future Growth 2030

We are thrilled to announce the release of our highly anticipated report, " Hydraulic Cone Crusher Market Share, and Size Analysis| 2030 " This in-depth analysis represents a significant milestone for The Insight Partners, demonstrating its commitment to delivering cutting-edge market intelligence that empowers businesses to thrive in the ever-evolving landscape of the Hydraulic Cone Crusher market.

The segment-based research aims to provide customers with an in-depth examination of the opportunities and challenges facing businesses in the Hydraulic Cone Crusher market. It provides precise future estimates together with a thorough coverage of the major issues affecting the organization. Based on objective market situation coverage, investors may make well-informed selections.

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The Global Cone Crusher Market is Segmented by Type (Symons, Hydraulics, and Gyratory), Offering (Mobile Crusher, Portable Crusher, and Stationary Crusher), Power Source (Electric Connection, Diesel Connection, and Dual Connection), End-user Application (Mining and Metallurgy, Aggregate Processing, Construction, and Demolition), and Geography.

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Crushing Equipment Market is Booming Worldwide | Gaining Revolution In Eyes of Global Exposure

Global Crushing Equipment Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. Major Players in This Report Include:

Metso (Finland)

Sandvik (Sweden)

IROCK Crusher (United States)

Terex Corporation (United States)

Caterpillar Inc. (United States)

Komatsu Ltd. (Japan)

Joy Global Inc. (United States)

ThyssenKrupp (Germany)

Eagle Crusher Company Inc. (United States)

R.R. EQUIPMENT (United States) Crusher equipment is heavy machinery designed to break the stone into small fragments called aggregates. It may be used to reduce the size or change the form of waste materials so they can be more easily disposed of or recycled or to reduce the size of a solid mix. It holds material that is going to crushed between two parallel or tangent solid surfaces and applies sufficient force to bring the surfaces together to generate enough energy within the material being crushed so that its molecules separate from or change alignment in relation to each other. It has demand in the construction and mining industry due to the low cost of transportation. Crusher equipment manufacturers are focusing to design electric crushers. Market Drivers  Increasing Demand from Construction Industry

Development of Construction Industry Worldwide

Market Trend  Automation of Crushing Equipment

Demand for Crushing Equipment with Less Carbon Emissions

Opportunities  Expansion of Sand Manufacturing Industry Worldwide

Increasing Demand from End-user Industry

Technological Advancements in the Crushing Equipment

Challenges  Emissions during the Mining, Screening and Crushing Operations Creates Environmental Issues

The Crushing Equipment market study is being classified by Type (Jaw Crusher, Cone Crusher, Impact Crusher, Gyratory crushers, Compound crusher, Others), Application (Mining, Rock Quarries, Mineral Processing, Recycling, Others), Reduction Ratio (3/1 to 5/1 ratio, 4/1 to 7/1 ratio, Others) Presented By

AMA Research & Media LLP

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Spring Cone Crusher Market 2021 by Industry Growth, Size, Trends, Share, Opportunities and Forecast to 2027

Spring Cone Crusher Market 2021 by Industry Growth, Size, Trends, Share, Opportunities and Forecast to 2027

A summary of the Spring Cone Crusher market report The market analysis of the Spring Cone Crusher market provides a detailed market overview comprising statistically validated and checked by industry empirical results, forecasts, historical data, and market data. The report covers the concepts of the field and the description and function of the supply chain. The Spring Cone Crusher…

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SOUTH AMERICA GRINDING AND CRUSHING EQUIPMENT IN MINING MARKET SIZE TO GROW AT A CAGR OF 4.0% DURING 2021-2026

South America Grinding and Crushing Equipment in Mining Market size was valued $455.2 million in 2020, estimated to grow at a CAGR of 4.0% during 2021-2026. The growing advances in the mining industry in Brazil is highly enhancing the growth of the market. The increasing demand for jaw crusher, cone crusher, impact crusher, gyratory crusher and others for mining are fuelling the South America Grinding and Crushing Equipment in Mining Market Industry. Furthermore, the growing production by the metal mining activities and the export of precious metals such as gold, and other metals will further anticipate the growth of the South America Grinding and Crushing Equipment in Mining Market during the forecast period. The rising number of mines in South America, particularly those focused on mineral mining are projected to drive market growth

South America Grinding & Crushing Equipment in Mining Market Segment Analysis – By Application

Metal mining segment held the largest market share in the South America Grinding and Crushing Equipment in Mining market in 2020 at 65% share. In South America, the metal mining is growing rapidly and moreover countries such as Brazil, Argentina and others are highly attracting new investment in the metal mining industry. Brazil is also considered to be the world’s ninth largest country that has rich reserves of important metals such as bauxite, iron-ore, niobium and nickel. Also, South America holds countries which are leading producer of precious metals including gold. These developments in the metal mining industry are enhancing the growth of this segment which is further propelling the market growth.

South America Grinding & Crushing Equipment in Mining Market Segment Analysis – By Type

As compared to stationary equipment, mobile equipment are facing higher demands due to increased mobility and compactness combined with many other benefits. This segment is projected to grow at a CAGR of 5.1% through 2026. Lack of skilled manpower and rising quarry operation costs have been fuelling the market demand towards mobile equipment. Adoption of mobile equipment is growing as they are compact as well as improves site movement with minimizing hassles. Some mobile equipment offer self driven technology, which reduces the workload pressure along with improving productivity standards. This rising adoption of mobile equipment by mining sector has been propelling the market growth of grinding and crushing equipment.

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South America Grinding & Crushing Equipment in Mining Market Segment Analysis – By Geography

In 2020, Brazil dominated the South America Grinding and Crushing Equipment in Mining market with a share of more than 52.4%, followed by Argentina. The growing advances in the mining industry in the Brazil is further fueling the market in South America. Furthermore, Brazil is amongst the leading producers of precious metals, and is also the largest exporter of tin, lithium, manganese and so on which contributes the revenues of mineral exports. Additionally, the Brazil Government is aiming to promote and attract new investments in the mining industry, and tends to develop the mining industry. These key factors will enhance the need for advanced grinding and crushing equipment for mining, and thus fuel the growth of the market in Brazil.

South America Grinding & Crushing Equipment in Mining Market Drivers

Lowering cost and increasing productivity in Mining

The crushing and grinding processes has undergone several changes which are leading to lower the cost of mining operations, and increasing productivity and energy efficiency. Moreover, the mining companies are looking for equipment which would lead to lower capital costs and provide higher capacity, and have a reasonable service life. Also, the rising need for operating cost efficiency is leading to rationalize equipment vendors and enhance driving the demand for enhanced crushing and grinding equipment in the mining industry

Evolution in the Mining Equipment

The evolution and the adoption of technology in the grinding and crushing equipment has enhanced the productivity in the mining industry. Moreover, the rising public demand to reduce carbon emissions are surging the demand for advanced grinding and crushing equipment. Furthermore, the recent Semi Autogenous Grinding (SAG) eliminated the need for crushing plants with primary crusher. In addition, the evolution of The Mine to Mill concepts eliminated the need for high maintenance and additional manpower for operating which enhanced the demand for more advanced crushing and grinding equipment.

South America Grinding & Crushing Equipment in Mining Market Challenges

Lack of Industrial Infrastructure

In the developing countries of South America, the grinding and crushing equipment faces issues related to power shortage and improper industrial infrastructure. This also leads to the rise of harsh environments which enhances the need for advanced maintenance for the grinding and crushing equipment. These factors leads to the need for advanced industrial infrastructure in order to maintain the equipment. Thus, these key factor hampers the growth of the market.

South America Grinding & Crushing Equipment in Mining Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the South America Grinding & Crushing Equipment in Mining market. In 2019, the market of South America Grinding & Crushing Equipment in Mining has been consolidated by the top ten players – Metso, Sandvik, Terex, Triaso, Weir Group, Remco, Astec, McCloskey International, Kawasaki Heavy Industries, and FLSmidth.

Acquisitions/Technology Launches

In May 2019, Sandvik launched its new QI442 Impactor, a new generation crusher in its 2 series product offering. This new product includes a newly developed CI621 Prisec Impactor that provides increasing safety during maintenance and serviceability. The new generation crusher also includes a new rotor position and locking device, new hammer locking wedges for efficient and fast removal and fitting. Thus, this product offers great usage of wear parts and also maintains tighter settings during the operations.

In October 2019, Metso launched a new nordtrack mobile crushing and screening product range. This new product range led Metso to expand its mobile crushing and screening solutions. The new Metso Nordtrack range includes 19 products that focuses on the requirement of the general contractors.

Key Takeaways

In 2020, the South America Grinding & Crushing Equipment in Mining market was dominated by Brazil owing to increasing initiative by government in order to attract investors in the mining industry.

The increasing growth of the metal mining in South America, as it holds countries such as Brazil which include the exports and production of major metals such as gold, iron-ore and others. Thus, the growth of the metal mining is further fueling the market growth.

The evolution in the grinding and crushing equipment, that is the adoption of Semi Autogenous Grinding (SAG) and the Mine to Mill concepts are further enhancing South America Grinding and Crushing Equipment in Mining market

The major drawback that is hampering the growth of the market is the lack of industrial infrastructure in developing countries which also includes the lack of power and need for advanced maintenance for these equipment.

Related Reports

A. Grinding & Crushing Equipment in Mining Market

https://www.industryarc.com/Report/18842/grinding-and-crushing-equipment-in-mining-market

B. Pneumatic Grinding Machine Market

https://www.industryarc.com/Report/15986/pneumatic-grinding-machine-market.html

For more Automation and Instrumentation Market reports, please click here

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Stone Crushing Equipment Market Trends, Global Industry Analysis 2021, Size, Share, Competitive Landscape, and COVID-19 Pandemic Presenting Future Opportunities 2027

The recently Published Report titled Stone Crushing Equipment Market Trends, Global Industry Analysis 2021, Size, Share, Competitive Landscape, and COVID-19 Pandemic Presenting Future Opportunities 2027 by Axel Reports offers a comprehensive picture of the market from the global view point as well as a descriptive analysis with detailed segmentation, complete research and development history, latest news, offering a forecast and statistic in terms of revenue during the forecast period from 2021-2027. The report covers a comprehensive analysis of key segments, recent trends, competitive landscape, and key factors playing a substantial role in the market are detailed in the report. The report helps vendors and manufacturers to understand the change in the market dynamics over the years.

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By Market Players: Metso Sandvik Terex Mark & Wedell Mormak Equipment Ltd Screen Machine Industries Shanghai Shibang Machinery (SBM) Zhejiang Shuangjin Machinery Holdings IROCK Crushers Minyu Machinery Stedman Machine Company Bico Braun International Gujarat Apollo Industries Limited McCloskey International Tesab Engineering Torsa Machines Limited By Type Jaw Crushers Roller Crushers Cone Crushers By Application Mining Quarrying Recycling Other

NOTE: Consumer behaviour has changed within all sectors of the society amid the COVID-19 pandemic. Industries on the other hand will have to restructure their strategies in order to adjust with the changing market requirements. This report offers you an analysis of the COVID-19 impact on the Stone Crushing Equipment market and will help you in strategising your business as per the new industry norms.

Report offers: 1. Insights into the intact market structure, scope, profitability, and potential. 2. Precise assessment of market size, share, demand, and sales volume. 3. Authentic estimations for revenue generation and Stone Crushing Equipment Market development. 4. Thorough study of Stone Crushing Equipment Market companies including organizational and financial status. 5. Perception of crucial market segments including, forecast study. 6. Acumen of upcoming opportunities and potential threats and risks in the market.

The report diversifies the global geographical expanse of the market into five prominent regions as:

North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Key Elements Discussed In The Report: The report then discusses important dynamics on the business drivers that have a major impact on the performance are given in the report. The business drivers are important to the business operations and financial results of the industry. All the drivers are determined in the research study using market analysis. The report is comprehensive coverage of the existing and potential markets along with their assessment of their competitive position in the changing market scenario. It scrutinizes in-depth global market trends and outlook coupled with the factors driving the global Stone Crushing Equipment market, as well as those hindering it.

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Moreover, the report throws light on the pinpoint analysis of global Stone Crushing Equipment market dynamics. It also measures the sustainable trends and platforms which are the basic roots behind the market growth. With the help of SWOT and Porter’s five analysis, the market has been deeply analyzed. Consumer behavior is assessed with respect to current and upcoming trends. The report takes a detailed note of the major industrial events in past years. These events include several operational business decisions, innovations, mergers, collaborations, major investments, etc.

Customization of the Report: This report can be customized to meet the client’s requirements. Please connect with our sales team ( sales@axelreports.com), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +18488639402 to share your research requirements.

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Axel Reports has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world’s most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

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Rise in Demand for Fuel-Efficient Vehicles Expected to Drive Global Automotive Fastener Market

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Automotive fasteners are special type of mechanical components that are used for connecting or joining two or more joints & parts in the vehicle. Moreover, the fasteners are made up of aluminum, nickel, stainless steel, and others. In addition, the prime function of automotive fasteners is to grip the vehicle parts together to avoid their separation and preventing the leakage from the joints. There are various fasteners, specifically designed for different components with various shapes, sizes, designs, and qualities. Moreover, the automotive fasteners market is further driven by the growing demand for the technical development and design improvement for the automotive fasteners. The increased demand for vehicle stability & reduced vehicle weight is further expected to create opportunities related to automotive fasteners vendors across the globe.

As per analysis, “Global Automotive Fastener Market, 2021-2027” the key companies operating in the global automotive fastener market include Matsumoto Heavy Industry Co., Ltd., NIFCO INC., Sannohashi Corporation, HellermannTyton GmbH, Long I Industrial Co., Ltd., Avery Dennison Corporation, MEIRA Corporation, Topura Co., Ltd., PIOLAX, INC., Araymond France SAS, Saga Tekkohsho Co., Ltd., Sika AG, Illinois Tool Works Inc., Aoyama Seisakusho Co., Ltd., Sannohashi Corporation, Nissin Kogyo Co., Ltd. and among others. The extensive competition in the automotive industry led companies to primarily focus on upgrading the existing systems & processes. The key players have adopted different strategies to diversify their presence globally and increasing the market shares.

Based on product type, automotive fastener market can be segregated as jaw crusher, cone crusher, hammer crusher and impact crusher. In addition, based on application, market can be segregated as commercial vehicle and passenger car. Passenger vehicle segment is anticipated to witness higher growth rate caused by amplified spending capacity of end users and growth in urbanization during the forecast period.

Rise in demand for lightweight fasteners, followed by new developments & trends in automotive fasteners, significant growth in the automotive industry, amplified spending capacity by end users & rise in urbanization and increase in cost advantage of using plastic automotive fasteners are some major factors, which are responsible for growth of the automotive fastener market. Apart from this, emergence of alternatives for automotive fasteners may impact the market. Moreover, growth in the number of semi-autonomous cars, significant developments in power-train innovations, growth in the electric vehicle industry and increase in use of electronics in vehicle are leading opportunities for market.

Based on regional analysis, the Asia-Pacific is a leading region in global automotive fastener market owing to increase in sale of vehicles and rise in demand for fuel-efficient vehicles across the region. The North-America and Europe regions are estimated to exhibit substantial growth rate due to increase in product demand from numerous automotive manufacturers and stringent rules & regulations regarding vehicle emission enacted over the forecast period. It is expected that future of the global automotive fastener market will be bright as a result of extensive composition & sales of transportations coupled with mechanical advancements & enhancement in quality & sturdiness of fasteners during the forecast period.

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Global Automotive Fastener Market Growth Rate, 2021-2027

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Automotive Fasteners Market Status and Trend Analysis 2017-2026 (COVID-19 Version)

Global Automotive Fasteners Market Status and Future Forecast 2015-2024

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Mobile Crushers and Screeners Market Revenue Analysis, Company Revenue Share,

Global Mobile Crushers and Screeners Market  has valued US$ 2.8Bn in 2017, and is expected to reach US$ 4.1Bn by 2026, at CAGR of 4.88% during forecast period. The mobile crusher and screener equipment are the machinery used for crushing and processing stones and minerals mostly stationary crushing and screening equipment are mounted on a mobile wheeled or tracked platform. The mobile equipment is transported to the work site where they can manoeuvre within the site to crush and screen the aggregate.

Some major drivers of mobile crushers and screeners market are a requirement of less space, easy installation, high efficiency, convenient mobility and high production capacity. Also, the elimination of the requirement for additional transportation solutions helps in saving a significant amount of capital. The continuous increase of construction and mining industry especially in the countries such as China, the U.S, Australia, India and Brazil is boosting the market for mobile crushers and screeners. Durability and reliability are the key factors restraining the mobile crushers and screeners market.

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A quarry is dominating the mobile crushers and screeners market during the forecast period. The fastest increasing application sector for mobile crushers and screeners is the construction industry. The increase in infrastructure development in the industrial, commercial and residential sector in the Asia-Pacific region drives the growth.

Mobile crushers accounted for a majority share of around 70% in 2017 and are expected to maintain its dominant position over the analysis period. The equipment’s rise in an application in material recycling sector further contributes to the market growth. The mobile crushers segment is further split into jaw crushers, impact crushers, cone crushers, and others. Jaw crushers were the most dominant type mainly owing to their high application in the primary crushing of aggregates.

Region-wise, Asia-Pacific is the most dominant regional market for mobile crushers and screeners globally during the forecast period. Asia-Pacific region is expected to be the fastest growing regional market due to an increase in infrastructure development in countries such as China, India, and Japan. Growth in urbanization in the region has forced governments in these countries to invest in several infrastructure projects for instance construction of bridges, flyover, and railroads, which help the market growth in the construction segment.

Key players operating in global mobile crusher and screener market, Komatsu Ltd., Sandvik AB, Terex Corporation, SBM Mineral processing, Kleemann GmbH, McCloskey International, Anaconda Equipment Ltd., Metso Corporation, Astec Industries Inc., and Lipmann Milwaukee, Inc., Atlas Copco Corp, CDE Global, RUBBLE MASTER HMH GmbH, IROCK Crushes, SBM Mineral Processing GmbH. Scope of the Global Mobile Crushers and Screeners Market Global Mobile Crushers and Screeners Market, by Machinery Type Mobile Crushers Screeners

Global Mobile Crushers and Screeners Market, by Equipment Usages New Used

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Global Mobile Crushers and Screeners Market, by End user Quarry Extraction Construction Mining & Others

Global Mobile Crushers and Screeners Market, by Region North America Europe Asia Pacific Middle East and Africa South America

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Key players operating in Global Mobile Crusher and Screener Market Komatsu Ltd. Sandvik AB Terex Corporation SBM Mineral processing Kleemann GmbH McCloskey International Anaconda Equipment Ltd. Metso Corporation Astec Industries Inc. Lipmann Milwaukee, Inc. Atlas Copco Corp CDE Global RUBBLE MASTER HMH GmbH IROCK Crushes SBM Mineral Processing GmbH.

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Stone Crushing Equipment Market Research Report

Global Stone Crushing Equipment Market

The GMI Research forecasts that the Stone Crushing Equipment Market is witnessing an upsurge in demand over the forecast period. This is mainly due to rapid urbanization and their ability to lower the size and alter the shape of raw materials.

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Introduction of the Stone Crushing Equipment Market:

Stone crushing equipment is referred to a machine employed for crushing, grinding stone or ores, reducing the size, and changing the shape of the raw material mix by breaking stones into small pieces. The equipment is made up of metal surfaces and they function by applying compressive strength to the materials including rocks, stones, quartzite, and iron.

Key Players of the Global Stone Crushing Equipment Market:

·         Eagle Crusher Company, Inc.

·         IROCK Crusher

·         Komatsu Ltd

·         Terex Corporation

·         Molson Group

·         Metso Corporation

·         Astec Industries, Inc.

·         Thyssenkrupp AG

·         CNH Global N.V.

·         Caterpillar Inc.

·         McCloskey International

·         Sandvik AB

Stone Crushing Equipment Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

One of the prominent drivers supplementing the growth of the global stone crushing equipment market includes the augmenting application of these tools to reduce the size of stones and rocks across various fields such as recycling of construction material, mining operations, aggregating production, and metallurgy. Also, their surging demand from the construction activities, which include highways, canals, bridges, and roads, will further strengthen the stone crushing equipment market size. In addition, the accelerating urban population, ongoing expansion in the construction sector, and consequential increase in mining activities throughout the world have supplemented the stone crushing equipment market share. Furthermore, the exhaustion of marine reserves of natural sand and stone has raised the demand of the artificial stone and sand manufacturing industry, thereby promoting market growth. However, the rising prices of this equipment will hamper the market growth.

End-Use Industry Segment Drivers

Based on end-use industry, mining is contemplated to have the highest market share in the market over the forecast period due to their growing utilization to crush bulk and heavy stones into various sizes efficiently and reliably. In addition, the soaring mining activities and their fuelling demand in processing operations will amplify the market growth.

Type Segment Drivers

Based on type, the market is segmented into the jaw, cone, and impact crusher. Amongst which, the jaw crusher is projected to witness a faster CAGR during the forecast period. This is primarily attributed to their extensive application in mining and quarrying activities to crush various types of materials, including rocks, marbles, iron ore, granite, and copper ore. Additionally, cost-efficiency, ease, and less maintenance compared to the other machines will further bolster the market growth.

Regional Drivers

Based on the regional coverage, Asia-Pacific is predicted to lead the market over the forecast period. This is mainly due to the expanding quarrying and mining activities. Additionally, developing nations, including China, Japan, India, and South Korea, along with the substantial extension in the construction industry, will drive the market growth. On the other hand, North America is expected to expand at a higher CAGR during the forecast period owing to the aggravating investment in the infrastructure industry. Moreover, swift economic development, enhanced standard of living, and a growing number of construction activities, especially across the US and Canada, are further paving the way for market growth.

Stone Crushing Equipment Market Segmentation:

Segmentation by Type

·         Jaw Crusher

·         Cone Crusher

·         Impact Crusher

·         Others

Segmentation by End-Use Industry

·         Mining

·         Quarrying

·         Recycling

·         Others

Segmentation by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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Crushers Market 2021: Industry Size, Share, Growth Prospects, Future Status, Leading Manufacturers, Opportunities and Forecasted 2024

Market Highlights

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 5.6% CAGR during the forecast period and is expected to be valued at USD 4,570 million by the end of the forecast period.

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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.

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Key Players

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.

Table of Content

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter's Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

5 Global Crusher Market, By Product Type

5.1 Introduction

5.2 Cone Crushers

5.2.1 Market Estimates & Forecast, 2019-2024

5.2.2 Market Estimates & Forecast, By Region, 2019-2024

5.3 High Pressure Grinding Rolls

5.3.1 Market Estimates & Forecast, 2019-2024

5.3.2 Market Estimates & Forecast, By Region, 2019-2024

5.4 Impact Crushers

5.4.1 Market Estimates & Forecast, 2019-2024

5.4.2 Market Estimates & Forecast, By Region, 2019-2024

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Crusher Backing Materials Market to reach value of US$ 14.5 Trn by 2030

Crusher Backing Materials Market: Introduction

In terms of value, the global crusher backing materials market is anticipated to expand at a CAGR of 3.5% from 2019 to 2027. The demand for metals and minerals has been increasing across various industries. Expenditure on mining and exploration has also increased over the past few years, which subsequently boosts the use of crushers in the mining industry. These factors are likely to drive the global crusher backing materials market during the forecast period.

According to a report published by Global Construction Perspectives and Oxford Economics, the global construction sector is expected to reach value of US$ 14.5 Trn by 2030. The construction industry in Asia Pacific is expanding at a rapid pace, due to the large number of projects in pipeline. This is anticipated to fuel the demand for metals, minerals, and construction aggregates in the region during the forecast period.

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This, in turn, is boosting the production of construction aggregates, which require various types of crushers for grinding into small pieces. Leading manufacturers of construction aggregates are employing advanced crushers and crusher solutions (repair and maintenance products including crusher backing materials) to increase productivity. Thus, rapid growth of the construction aggregates industry in developing countries drives the demand for crushers, which subsequently boosts the crusher backing materials market in these countries.

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Regulatory Framework for Crusher Backing Materials to Hamper Demand

Toxic substances and dust are released during drilling, crushing, and screening of rock, minerals, and metal extracts. This affects the environmental and human health. Regulations on mining are anticipated to become stringent in the next few years, due to increase in awareness about environment-related hazards of byproducts of mining.

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Thus, rise in environment-related regulations has been adversely affecting the global mining industry and reducing the use of crushers for mining. This, in turn, hampers the global crusher baking materials market. The use of resin-based crusher backing materials leads to deterioration of air quality, as it contains volatile organic compounds (VOCs). This can cause harmful effects on the environment and human health, which leads to implementation of stricter norms on the use of these materials.

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The U.S. Department of Labor, Occupational Safety, and Health Administration has applied a specific limit for the VOC content in backing material resins. Regulators such as the Environment Protection Agency (EPA), National Ambient Air Quality Standards (NAAQS), and Registration Evaluation Authorization and Restriction of Chemicals (REACH) have formulated stringent rules on VOC emissions. Upcoming and technologically upgraded crusher machinery requires minimum maintenance. Some of the companies are developing upgraded crushers that do not require backing materials. This change in technologies is projected to hamper the global crusher backing materials market during the forecast period.

Mining & Smelting to Dominate Crusher Backing Materials Market

In terms of end use, the global crusher backing materials market has been divided into mining & smelting and building & construction. Among these, the mining & smelting segment dominated the global crusher backing materials market, in terms of revenue, in 2018. The segment is expected to be highly lucrative from 2019 to 2027.  Moreover, increase in demand for metals, minerals, and aggregates leads to growing usage of various types of crusher machinery. This, in turn, drives the global market for crusher backing materials in the mining & smelting segment.

Cone Crushers to be Dominant Application of Crusher Backing Materials Market

Based on application, the global crusher backing materials market has been segregated into cone crushers, gyratory crushers, stone crushers, grinding mills, and others. Among applications, the cone crushers segment held a major share of the global crusher backing materials market in 2018. It is anticipated to continue to dominate the global market from 2019 to 2027. Crusher backing materials are used as shock-absorbing materials and they prevent ware of parts of crushers. They are also useful in enhancing the life of machinery and protect it from unnecessary damage, vibration, friction, and impact during crushing operations.

Asia Pacific to be a Lucrative Region of Crusher Backing Materials Market

Based on region, the global crusher backing materials market has been classified into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. The crusher backing materials market in Asia Pacific is projected to expand at a CAGR of ~3% during the forecast period.

Asia Pacific is expected to offer significant opportunities to the crusher backing materials market during the forecast period. Asia Pacific is a major manufacturer and consumer of crusher backing materials, due to the well-established mining industry in the region. Crushers are widely used in the mining & smelting industry for stone crushing. Growing mining activities led by rise in the demand for metals and minerals, and production of different types of metals and aggregates in the region are propelling the use of crushers. This, in turn, is driving the demand for crusher backing materials in Asia Pacific.

Competition Landscape

The global crusher backing materials market was highly fragmented, with various small- and medium-scale producers of crusher backing materials constituting nearly 50% of the market share in 2018. Asia Pacific has been a lucrative region of the global crusher backing materials market for manufacturers over the last few years. Recently, market players have taken significant growth initiatives in Asia Pacific. In February 2020, Henkel Adhesives Technologies India, a subsidiary of Henkel AG & Co. KGaA, opened a new production facility in Kurkumbh, India.

Key manufacturers operating in the global crusher backing materials market are Henkel Corporation Engineering Adhesives, FLSmidth & Co. A/S, ITW Performance Polymers, ESCO Corporation, Columbia Steel Casting Co., Inc., Copps Industries, Monarch Industrial Product (I) Pvt Ltd, Micor Company, Inc., HPZ Crusher Services Inc., Unnathi Enterprises, FINSAD Group Oy, G & S Chemicals, and Epoxa US.