Press release
Cone Crushers Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Cone Crushers
The cone crushers market is experiencing significant growth due to the increased demand for construction and infrastructure developments. The process of building structures and infrastructure, known as construction, often utilizes cone crushers to diminish the size of raw materials and feed. Therefore, the increased activity in construction further enhances the demand for cone crushers. As reported by the Office for National Statistics based in the UK, construction production for the fourth quarter of 2022 witnessed a 0.3% growth compared to its third quarter. Moreover, the annual production rate for this sector saw an increase of 5.6% in 2022, following a previous record growth of 12.8% back in 2021. Consequently, it is anticipated that the cone crushers market will continue to expand due to the escalating demand for construction and infrastructure developments.
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What is the future CAGR of the cone crushers market, and how will it impact industry expansion?
Over the past few years, the size of the cone crushers market has substantially expanded. With a projection to rise from $2.45 billion in 2024 to $2.61 billion in 2025, it is expected to have a compound annual growth rate (CAGR) of 6.5%. The surge in growth during the historic period can be credited to developments in urban infrastructure, advancements in the research and development of crushing machinery, along with overall economic growth and expansion within the mining industry.
In the coming years, the cone crushers market is projected to experience significant growth, expanding to a market size of $3.31 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%. The strong growth during the projected period can be credited to the escalating demand for aggregates, the growth of road construction activities, and increasing adoption of mobile and wireless crushers for infrastructure development. Key trends anticipated during this period include product advancements, automation and remote monitoring, the integration of the Internet of Things and data analytics, as well as general technological progress.
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What are the most significant trends transforming the cone crushers market today?
Innovations in products is a significant trend that is becoming increasingly popular in the cone crusher market. Major players in this market are concentrating on product innovation to maintain their market dominance. For example, Metso Outotec Corporation, a Finland-based industrial machinery company, introduced the HP200e cone crusher in March 2023, with the aim of improving the performance, uptime, and sustainability of the aggregates sector. This particular innovation comes with significantly improved kinematics and redesigned chambers, thereby enabling quicker, safer replacements of the liner without the use of backing materials. The HP200e features an increased head action by 10%, 20% additional kilowatt power and a more eco-friendly solution, thereby enhancing performance and promoting environmental sustainability for those in the aggregates production industry.
Which key market segments comprise the cone crushers market and drive its revenue growth?
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
Subsegments:
1) By Symons: Standard Symons Cone Crushers, Short Head Symons Cone Crushers
2) By Hydraulics: Hydraulic Cone Crushers, Multi-Cylinder Hydraulic Cone Crushers
3) By Gyrator: Gyratory Crushers (Conventional), Ultra-Fine Gyratory Crushers
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What regions are at the forefront of cone crushers market expansion?
Asia-Pacific was the largest region in the cone crushers market in 2024. The regions covered in the cone crushers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the cone crushers market?
Major companies operating in the cone crushers market include ThyssenKrupp AG, Tesab Engineering Ltd., Weir Group PLC, Sandvik AB, Hazemag & EPR GmbH, Metso, Mesto Corporation, Tere*x 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 Corporation, Puzzolana Machinery Fabricators LLP, WESTPRO Machinery Inc., IROCK Crushers LLC, Trimax Machinery, Shanghai Gator Machinery Co.Ltd, Raptor Cone Crushers
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What Is Covered In The Cone Crushers Global Market Report?
•Market Size Forecast: Examine the cone crushers market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the cone crushers market for a structured understanding.
•Key Players Overview: Analyze major players in the cone crushers market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cone crushers market.
•Segment Contributions: Evaluate how different segments drive overall growth in the cone crushers market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cone crushers market.
•Industry Challenges: Identify potential risks and obstacles affecting the cone crushers market.
•Competitive Landscape: Review strategic developments in the cone crushers market, including expansions, agreements, and new product launches.
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