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Global Hydraulic Breaker Market 2023 Growth Rate, Latest Trends, Business Growth And Forecast To 2032 | Major Players Are NPK Construction Equipment Inc., Soosan Heavy Industries Co Ltd., Indeco Ind SpA, Sandvik Group, Montabert SAS
Hydraulic Breaker Market
The Business Research Company's Hydraulic Breaker Global Market Report 2023 identifies increase in construction activities as the major driver for the Hydraulic Breaker Market's growth in the forecast period. Construction activities refer to any work or process involved in the planning, designing, building, and maintaining of physical structures, including buildings, roads, bridges, tunnels, and other infrastructure. An increase in construction activities refers to the growth and expansion in these sectors. Hydraulic breakers are often in construction projects for breaking concrete, rock, and other materials. Thus, increased construction activity can lead to a rise in demand for hydraulic breakers.
The global hydraulic breaker market size is expected to grow from $1.75 billion in 2022 to $1.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hydraulic breaker market size is expected to reach $2.37 billion in 2027 at a CAGR of 6.1%.
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Major competitors in the hydraulic breaker market are NPK Construction Equipment Inc., Soosan Heavy Industries Co Ltd., Indeco Ind SpA, Sandvik Group, Montabert SAS, Caterpillar Inc., Furukawa Rock Drill, Epiroc AB, Atlas Copco Group, Nuosen Heavy Machinery Co Ltd., Konekesko Eesti AS, Rammer, JCB, Msat Msb corporation, DAEMO Engineering Co.Ltd., and Breaker Technology Inc.
A key trend in the Hydraulic Breaker Market includes Product innovations. Companies operating in the hydraulic breaker market are adopting new technologies to sustain their position in the market. For instance, in August 2022, Mazio Attachments LLC, a US-based company specializing in earth-moving machinery attachments, launched the Mazio XL series of hydraulic rock breakers. The Mazio XL series is designed with a broader range of carrier equipment, including mini excavators, skid steer loaders, backhoe loaders, and excavators of up to 140 tons of operating weight. The closed-case design of 100% Hardox steel is a notable feature that offers outstanding durability and protection against wear and impact.
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The Hydraulic Breaker Market is segmented -
By Type: Handheld Hydraulic Breaker, Machine Mounted Hydraulic Breaker
By Product Type: Mini Hydraulic Breaker, Small Hydraulic Breaker, Medium Hydraulic Breaker
By Application: Breaking Oversized Material, Trenching, Demolition
By End User: Construction, Mining
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Hydraulic Breaker Market.
The Business Research Company's "Global Hydraulic Breaker Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Hydraulic Breaker Market Include:
1. Executive Summary
2. Hydraulic Breaker Market Characteristics
3. Hydraulic Breaker Market Trends And Strategies
4. Hydraulic Breaker Market - Macro Economic Scenario
5. Hydraulic Breaker Market Size And Growth
……
26. Africa Hydraulic Breaker Market
27. Hydraulic Breaker Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hydraulic Breaker Market
29. Hydraulic Breaker Market Future Outlook and Potential Analysis
30. Appendix
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