Press release
Hydraulic Breaker Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
Hydraulic Breaker
The Business Research Company offers in-depth market insights through Hydraulic Breaker Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The hydraulic breaker market size has grown strongly in recent years. It will grow from $1.87 billion in 2023 to $2 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to initial development, industrial applications, material advancements, market adoption, diversification of sizes and types.
The hydraulic breaker market size is expected to see strong growth in the next few years. It will grow to $2.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to market expansion and applications, product diversification, environmental regulations and standards, industry trends and competitive landscape, global economic conditions. Major trends in the forecast period include increased efficiency, enhanced durability and longevity, versatility in applications, customization and adaptability, noise and vibration reduction.
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Market Segmentation:
The hydraulic breaker market covered in this report is segmented -
1) By Type: Handheld Hydraulic Breaker, Machine Mounted Hydraulic Breaker
2) By Product Type: Mini Hydraulic Breaker, Small Hydraulic Breaker, Medium Hydraulic Breaker
3) By Application: Breaking Oversized Material, Trenching, Demolition
4) By End User: Construction, Mining
Major Driver - Hydraulic Breaker Market Thrives On The Surge In Global Construction Activities
The increase in construction activities is expected to propel the growth of the hydraulic breaker market going forward. 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. For instance, in September 2021, according to Marsh, an insurance broking and risk management firm, between 2020 and 2030, the worldwide construction market is anticipated to increase by US$4.5 trillion, reaching US$15.2 trillion, with US$8.9 trillion in emerging markets. Moreover, in 2022, according to a report shared by the ToolSense, an Austria-based software company related to construction, facility services, mining, agriculture, logistics, or manufacturing, the number of housing units built in 2021 was 1,337,800, which is a 4% rise over the previous year. Therefore, the increase in construction activities is driving the growth of the hydraulic breaker market.
Competitive Landscape:
Major companies operating in the hydraulic breaker market report are NPK Construction Equipment Inc., Soosan Heavy Industries Co. Ltd., Indeco SpA, Sandvik AB, Montabert S.A.S., Caterpillar Inc., Furukawa Rock Drill Co. Ltd., Epiroc AB, Atlas Copco AB, Nuosen Heavy Machinery Co. Ltd., Konekesko Eesti AS, Rammer Oy, JCB Ltd., Msat Msb Corporation, DAEMO Engineering Co. Ltd., Breaker Technology Inc., Doosan Bobcat Inc., Allied Construction Products LLC, Stanley Black & Decker Inc., Tramac Corporation, Hidrocmecc S.r.l., Chicago Pneumatic Tool Company, Kinshofer Group, Okada Aiyon Corporation, Toku America Inc., Indus Rock Tools Ltd., Rockblaster Hydraulic Breakers, Mustang Hammer, Teledyne ICM, Brokk AB
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Top Trend - A Breakthrough In Hydraulic Breaker Innovation For Versatile Carrier Equipment
Product innovations are a key trend gaining popularity in the hydraulic breaker market. 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.
The Table Of Content For The Market Report 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
…..
27. Hydraulic Breaker Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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