Press release
Global Cone Crusher Market Expected to Witness a Sustainable Growth over 2023
A cone crusher is similar in operation to a gyratory crusher, with less steepness in the crushing chamber and more of a parallel zone between crushing zones. A cone crusher breaks rock by squeezing the rock between an eccentrically gyrating spindle, which is covered by a wear-resistant mantle, and the enclosing concave hopper, covered by a manganese concave or a bowl liner. As rock enters the top of the cone crusher, it becomes wedged and squeezed between the mantle and the bowl liner or concave. Large pieces of ore are broken once, and then fall to a lower position (because they are now smaller) where they are broken again. This process continues until the pieces are small enough to fall through the narrow opening at the bottom of the crusher.
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Global Cone Crusher Market: Forecast by Type / Application / Region
In the coming years there is an increasing demand for cone crusher in the regions of Asia-Pacific and South America that is expected to drive the market for more advanced cone crusher. Increasing of construction industry fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on machinery manufacturing industry, retrofitting and renovation of old technology, increasing adoption of cone crusher will drive growth in global market.
Globally, the cone crusher industry market is low concentrated as the manufacturing technology of cone crusher is relatively matures than some high-tech equipment. And some enterprises, like Metso, Sandvik, Terex and Astec Industries, etc. are well-known for the wonderful performance of their cone crusher and related services. At the same time, Asia-Pacific, occupied 35.87% production market share in 2015, is remarkable in the global cone crusher industry.
The consumption volume of cone crusher is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of cone crusher industry may not keep that fast. But it is surely forecasted that the market of cone crusher is still promising.
Over the next five years, LPI(LP Information) projects that Cone Crusher will register a 2.9% CAGR in terms of revenue, reach US$ 1050 million by 2023, from US$ 910 million in 2017.
Global Cone Crusher Market: Key Players
Metso
Sandvik
Terex
Astec Industries
ThyssenKrupp
Shanghai Shibang Machinery
Weir
FLSmidth
Kleemann
Liming Heavy Industry
Shuangjin Machinery
Shunda Mining Machinery
Chengdu Dahongli
Northern Heavy Industries
NMS Industries
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Related Information:
United States Cone Crusher Market Research Report 2018
Europe Cone Crusher Market Research Report 2018
North America Cone Crusher Market Research Report 2018
Asia-Pacific Cone Crusher Market Research Report 2018
China Cone Crusher Market Research Report 2018
EMEA Cone Crusher Market Research Report 2018
Global Cone Crusher Market Research Report 2018
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