Press release
Insights into Cone Crushers Market: Global Trends and Analysis
Cone Crushers Market
The cone crushers market size is expected to see strong growth in the next few years. It will grow to $3.13 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increasing demand for aggregates, growing road construction activities, growing use of mobile and wireless crushers, infrastructure development. Major trends in the forecast period include product innovation, automation and remote monitoring, integration of IoT and data analytics, advancements in technology.
Market Overview -
Cone crushers are a machine class utilized extensively in urban construction that essentially lowers the size of the material by compressing, squeezing, or rupturing between stationary and moving steel. The unique structure of this conical-shaped machine screens and crushes rocks in a fraction of the time it would take a person to complete the job by hand.
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Surge In Construction And Infrastructure Projects Boosts Growth Prospects For Cone Crushers Market
Growth in demand for construction and infrastructure developments is significantly contributing to the growth of the cone crushers market going forward. Construction refers to the activity of constructing buildings and infrastructure. Cone crushers are used in the construction industry to reduce the size of raw materials and feed, as a result, construction activity would create more demand for cone crushers. For instance, in March 2023, according to a report published by the Office for National Statistics, a UK-based producer of official statistics, in the fourth quarter of 2022, quarterly construction production increased by 0.3% compared to the third quarter of 2022. Additionally, after a record growth in 2021 of 12.8%, the annual production of construction climbed by 5.6% in 2022 compared to 2021. Therefore, increasing demand for construction and infrastructure developments will drive the cone crushers market.
Competitive Landscape -
Major companies operating in the cone crushers market report are Thyssenkrupp AG, Tesab Engineering Ltd., Sky Machinery, Weir Group PLC, Sandvik AB, Hazemag & EPR GmbH, Metso, Mesto Corporation, Corporation, FLSmidth & Co. A/S, Superior Industries Inc., Johnson Crushers International Inc., Astec Industries Inc., Propel Industries Private Limited, McLanahan Corporation, Remco Inc., Eagle Crusher Company Inc., McCloskey International Limited, Trio Engineered Products, Keestrack NV, Telsmith Inc., Lippmann-Milwaukee Inc., Minyu Machinery Corparation, Puzzolana Machinery Fabricators LLP, WESTPRO Machinery Inc., IROCK Crushers LLC, Trimax Machinery, Global Mining Crusher, Shanghai Gator Mechinery Co.Ltd, Raptor Cone Crushers
Product Advancements For Enhanced Performance And Sustainability
Product innovations are the key trend gaining popularity in the cone crusher market. Major companies operating in the cone crusher market are focusing on innovating various products to sustain their position in the market. For instance, in March 2023, Metso Outotec Corporation, a Finland-based industrial machinery company, launched the HP200e cone crusher, enhancing aggregates sector performance with improved uptime and sustainability. The innovation features advanced kinematics and redesigned chambers, allowing for faster, safer liner replacements without backing material. The HP200e offers a 10% increase in head motion, 20% more kilowatt power, and a more eco-friendly solution, contributing to heightened performance and environmental sustainability for aggregates producers.
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Key Segments -
The cone crushers market covered in this report is segmented -
1) By Type: Symons, Hydraulics, Gyrator
2) By Offering: Mobile Crushers, Portable Crushers, Stationary Crushers
3) By Power Source: Electric Connection, Diesel Connection, Dual Connection
4) By End-Users: Mining and Metallurgy, Aggregate Processing, Construction, Demolition
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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