Press release
Hydraulic breaker market estimations projecting a substantial rise to $3.5 billion by 2031: Breaking Grounds
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Report Coverage & Details:
Forecast Period: 2022-2031
Base Year: 2021
Market Size in 2021: $2.0 billion
Market Size in 2031: $3.5 billion
CAGR: 5.7%
No. of Pages in Report: 222
Segments Covered: Equipment size, type, application, end-user industry, and region.
Drivers, Opportunities, and Restraints:
Drivers: Surge in infrastructure, residential, and commercial construction, increasing demand for roads, highways, bridges, and tunnels.
Opportunities: Rise in government investments in infrastructure projects and mining sectors.
Restraints: The COVID-19 pandemic.
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Covid-19 Scenario: The initial phase of the COVID-19 pandemic led to a temporary setback for the global hydraulic breaker market due to global lockdowns, resulting in the temporary closure of manufacturing and production activities. Challenges included disrupted supply chains due to import/export restrictions, labor shortages, and unavailability of raw materials. However, as governments ease restrictions, the demand for hydraulic breakers is expected to rebound.
Segmentation and Competition Analysis: The report provides a detailed segmentation of the global hydraulic breaker market based on equipment size, type, application, end-user industry, and region. Key players and investors can strategize based on the highest revenue-generating and fastest-growing segments outlined in the report.
Key Findings:
The large equipment size segment held the highest share in 2021, while the small segment is projected to register the highest CAGR of 6.2%.
The premium type segment accounted for the highest share in 2021 and is expected to manifest the highest CAGR of 6.0%.
The mining end-use industry segment held the highest share in 2021, with the others segment estimated to grow at the highest CAGR of 7.3%.
Asia-Pacific dominated the market in 2021 and is projected to maintain its dominance, with the LAMEA region expected to manifest the fastest CAGR of 8.8%.
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Key Players: Leading market players analyzed in the report include NPK Construction Equipment, Inc., Soosan Heavy Industries Co., Ltd., Sandvik AB, Msat Msb Corporation, Indeco North America, Montabert, Caterpillar Inc., DAEMO ENGINEERING CO., LTD., FURUKAWA CO., LTD., Epiroc AB.
The report provides a detailed analysis of these key players, showcasing their business performance, operating segments, product portfolio, and strategic moves. This insight into the competitive scenario assists in understanding the market dynamics and making informed decisions.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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