Press release
Cone Crushers Market Size, Analysis, Trends, Opportunities And Strategies 2024-2033
Cone Crushers Market
Cone Crushers Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $3.13 billion In 2028 At A CAGR Of 6.1% :
The cone crushers market size has grown strongly in recent years. It will grow from $2.31 billion in 2023 to $2.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to urban infrastructure development, research and development in crushing machinery, economic growth, growth in the mining industry.
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.
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Cone Crushers Market Major 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 Driver - 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.
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Prominent Trend - 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.
Cone Crushers Market Players
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
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the cone crushers market in 2023. The regions covered in the cone crushers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cone Crushers Market Report Structure
3. Cone Crushers Market Trends And Strategies
4. Cone Crushers Market - Macro Economic Scenario
5. Cone Crushers Market Size And Growth
…..
27. Cone Crushers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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