Asia Pacific Crushing Equipment Market Growth Will Reach to USD 1890 Million by 2020

Zion Research has published a new report titled “Crushing Equipment (Jaw Crusher, Roller Crusher, Cone Crusher and Others) Market for Construction, Mining and Aggregates Application: Asia Pacific Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020”. According to the report, the Asia Pacific crushing equipments market was valued at USD 1,500.0 million in 2014 and is expected to reach approximately USD 1,892.5 million by 2020, growing at a CAGR of 4% between 2015 and 2020.

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Crushing is the first step of mineral processing where the material from the mine site is fed to mechanical equipment in order to reduce the size for subsequent stages. Crushers may be used to reduce the size, or change the form, of waste materials so they can be more easily disposed of or recycled, or to reduce the size of a solid mix of raw materials, so that pieces of different composition can be differentiated. Depending upon the requirement there could be a primary, secondary, tertiary and quaternary stage. Secondary and tertiary crusher is capable of producing large quantities of uniformly fine crushed stone.

The crushing equipment market primarily driven by strong demand from mining industry has been remained one of the important driving factors for the growth of crushing equipments in Asia Pacific. Strong growth prospectus of construction industry in China and India are expected to be the major driving factors for the construction equipments in the region. Crushing equipments is one of the important product segments of construction equipments. Rapid growth in construction industry is expected to further trigger demand for crushing equipments.

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Based on products, crushing equipment market has been segmented into jaw crusher, cone crusher, roller crusher and others. Jaw crusher is largest product segment accounted for 40.4% share of the total revenue generated in 2014. Roller crusher is another leading product segment with over 20% share of the market in 2014. Cone crusher segment expected to exhibit significant growth over the forecast period.

Construction, mining and others are the key application segment of the crushing equipment market. Mining application was a major application segment of crushing equipment market and accounted over 28% share of the demand in 2014. Construction is another key application segment of crushing equipment market and expected to exhibit significant growth owing to strong economical growth in Asia Pacific region has been resulted into growing demand for home and commercial building.

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Asia Pacific was the largest crushing equipment market in 2014. Asia Pacific anticipated to exhibit high growth over the forecast period on account of increasing construction projects, thereby creating immense opportunity for the crushing equipment market. China emerged as the leading market crushing equipment market. China accounted for over 40% of total regional revenue in 2014. Strong demand from mining industry has been remained one of the important driving factors for the growth of crushing equipments in Asia Pacific.

Some of key players including in crusher equipment market such as Atlas Capco, Eagle Crusher, Hitachi Construction Machinery Co., Ltd., Mesto Corporation, Terex Finaly, Sandvik, Zhejiang Shuangjin Machinery Co., Ltd., etc.

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