What is Crushing Equipment Market?
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.
The market study is being classified by Type (Jaw Crusher, Cone Crusher, Impact Crusher, Gyratory crushers, Compound crusher and Others), by Application (Mining, Rock Quarries, Mineral Processing, Recycling and Others) and major geographies with country level break-up.
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) and R.R. EQUIPMENT (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Screen Machine Industries LLC (United States), Superior Industries (United States), Global Crushers & Spares (Australia) and The Weir Group (United Kingdom).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Crushing Equipment market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Crushing Equipment market by Type, Application and Region.
On the basis of geography, the market of Crushing Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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
Restraints
- Rising Cost of the Crusher Equipment
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
Market Leaders and some development strategies
On 1st March 2018, FLSmidth completed the acquisition of Sandvik’s Mining Systems. The deal will see the integration of continuous surface mining and minerals handling technologies into the company's core minerals sector, thereby allowing it to cover a wider range of the mining value chain.
On 3rd April 2019, Metso launched a new model to the Lokotrack Urban Series crushing and screening plants with its advanced protection features, restricted noise and dust emissions compared to conventional crushing, which enables more sustainable construction operations in cities.
Key Target Audience
Crushing Equipment Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user