Crushing Equipment Market set to grow by USD 488.68 million from 2022-2027, Astec Industries Inc., Caterpillar Inc., Deere and Co., and Eagle Crusher Company Inc. are among the major players - Technavio

NEW YORK, Feb. 5, 2024 /PRNewswire/ -- The global crushing equipment market size is estimated to grow by USD 488.68 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 4.27% during the forecast period. Astec Industries Inc., Caterpillar Inc., Deere and Co., Eagle Crusher Company Inc., FLSmidth and Co. AS, IROCK Crushers, Komatsu Mining Corp., McLanahan Corp., Metso Outotec Corp. are some of the major companies. Technavio has segmented the market based on Type (Jaw crushers, Roller crushers, Cone crushers, and Others), End-user (Mining, Quarrying, Recycling, Construction and infrastructure, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). 

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Astec Industries Inc. - The company offers Asphalt plants and related components, Asphalt pavers, Asphalt storage tanks, Milling machines, and others. The company's key offerings include crushing equipment.

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The utilization of artificial sand as a substitute for river sand in construction projects is a significant driver for the stone-crushing equipment market. Environmental concerns, government regulations, and logistical challenges associated with river sand extraction have led to a growing demand for artificial sand produced by stone-crushing equipment. This trend is expected to continue, driven by increasing construction projects and the anticipated ban on natural river sand in many countries.

• The jaw crushers segment is poised for significant growth during the forecast period. Versatile and robust, jaw crushers find extensive use in quarrying, heavy mining, and recycling sectors due to their ability to crush materials ranging from soft to very hard without abrasion limits. Continuous innovation, technological advancements, enhanced protection systems, and features like high productivity, easy maintenance, and cost-effectiveness contribute to the growing demand for jaw-crushing equipment across various industries.
• APAC is expected to contribute 47% to the global Crushing Equipment Market growth.

Insights on the market contribution of various segments including country and region, historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Automation of crushing equipment is an emerging trend influencing the growth, however, factors including, the environmental issues related to crushing equipment may impede the growth, says a senior analyst at Technavio.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Crushing Equipment Market report?

• CAGR during the forecast period
• Detailed information on factors that will drive the growth of the Crushing Equipment Market between 2023 and 2027
• Precise estimation of the Crushing Equipment Market size and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Crushing Equipment Market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Crushing Equipment vendors

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Sustainability concerns and waste management initiatives shapes growth

The crushing equipment industry plays a pivotal role in various sectors like mining, construction, and infrastructure, driven by technological advancements and the expanding automotive and manufacturing industries. China's dominance, particularly in lithium-ion battery production, influences market dynamics. Sustainability concerns and waste management initiatives further shape market trends, alongside factors like taxation policies and market share competition among service industries catering to diverse sectors reliant on crushing equipment.

Related Reports:

The used construction machinery market is estimated to grow at a CAGR of 5.3% between 2022 and 2027. The size of the market is forecast to increase by USD 27.33 billion.

The construction equipment market in APAC is estimated to grow at a CAGR of 5.09% between 2022 and 2027. The size of the market is forecast to increase by USD 19,239.15 million.

ToC

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Size

5 Five Forces Analysis

6 Segmentation by Type

7 Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable insights to identify opportunities in existing and potential markets and assess their competitive positions within changing scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Infiniti Research, Inc.

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