Press release
Hydraulic Attachments For Demolition Market 2033: Estimated to Reach $7.1 Bn, At a CAGR of 5.6%
Hydraulic Attachments For Demolition Market
A hydraulic attachment for demolition is a construction machine that attaches a powerful breaker/hammer, crusher/shear, pulverizer, grapple, or other attachments to an excavator to dismantle hard rocks and structures or earth moving application. It is driven by the excavator's auxiliary hydraulic system, equipped with a foot valve.
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Growth Demands:
Demand for hydraulic attachments for demolitions for old construction is increasing due to the growth of infrastructure, residential, and commercial facilities. In addition, increasing population and indirectly rising demand for roads, bridges, highways, and tunnels are expected to drive the hydraulic attachments for demolitions market during the forecast period.
In addition, high productiveness, high effect performance and energy recovery can increase output in the shift, and reduced power and gas intake are just some of the advantages of hydraulic attachments for demolitions driving the growth of the hydraulic attachments for demolition market. Therefore, key market players are focusing on manufacturing superior hydraulic attachments for demolitions for building and mining applications.
For example, in August 2023, Jiangtu's launched innovative multipurpose grapple that represents a breakthrough in integrating multiple functions into a single machine. This versatile equipment incorporates various claws that can be easily selected and interchanged based on diverse working conditions, offering a flexible and cost-effective solution. In addition, in August 2021, Caterpillar launched a new generation of primary and secondary pulverizer attachments for use on excavators from 18 tons to 50 tons. The new Cat pulverizer line includes three rotatable primary models, the P318, P324 and P332-which feature 360-degree rotation, and three fixed secondary models, the P218, P224, and P232.
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Impacting Factors:
The market is growing lucratively due to increased government investment in infrastructure sector. For instance, in September 2023, Mitsubishi Estate has started the construction of the Torch Tower, and is expedted to become Japan's tallest building at approximately 390 meters.
The new structure, located near Tokyo Station, is expected to be completed by March 2028. Once completed, it will surpass the 330-meter Azabudai Hills Mori JP Tower in Tokyo's Minato Ward, which is holding the title of the country's tallest building. This ambitious project reflects Japan's ongoing commitment to architectural advancements and urban development. Such instances are expected to drive the construction sector, which, in turn, drive the growth of the hydraulic attachments for demolition industry.
Heavy and advanced construction equipment such as hydraulic attachments for demolition need trained operators to operate the equipment, as they are equipped with various levers and gears, making them function appropriately. However, one wrong move can lead to several problems such as failure in carrying out the desired operations. Moreover, high initial investments is expected to restrain the growth of the hydraulic attachments for demolition market.
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Top Players:
Xcentric, Caterpillar, Indeco, Sandvik AB, Genesis Attachments, Atlas Copco AB, Montabert SAS, Epiroc AB, OKADA, Soosan Heavy Industries Co., Ltd.
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