Global Concrete Breakers Market Overview:
The global concrete breakers market is expected to grow at a slow pace during the forecast period, according to the AMA study. The growing demand from mining sector for application in non-blastable areas and the increasing demand for demolition for new construction in emerging countries due to rising urbanization are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness some decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
- Growing Demand from Mining Sector for Application in Non-Blastable Areas
- Increasing Demand for Demolition for New Construction in Emerging Countries Due to Rising Urbanisation
- Rising Automation Across Construction & Mining Sector
- High Initial Costs
- Short Term Restraint for the Market Due to Shutting Down of Operations & Process of Different Companies Across Different Parts of the World Due to COVID-19 Pandemic
- Opportunities in the Asia Pacific Region
- Short Term Challenges Due to Stopped Construction Projects Across the World due to COVID-19 Pandemic
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Some of the key players profiled in the report are Atlas Copco (Sweden), Caterpillar (United States), Hammer (Germany), Hitachi Construction Machinery Co., Ltd. (Japan), INDECO N.A. (United States), J C Bamford Excavators Ltd. (United Kingdom), Kobelco Construction Machinery Co., Ltd. (United States), Komatsu Limited (Japan), Sandvik AB (Sweden), Tramac (Canada) and AB Volvo Sweden). Analyst at AdvanceMarketAnalytics see United States, Sweden Manufacturers to retain maximum share of Global Concrete Breakers market by 2025. Considering Market by Technology, the sub-segment i.e. Hand Held will boost the Concrete Breakers market. Considering Market by End Use, the sub-segment i.e. OE will boost the Concrete Breakers market.
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Concrete Breakers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Concrete Breakers market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.