Press release
Crushers Market to Expand at 5.6% CAGR, Surpassing USD 2.01 Billion Valuation in 2023
Crushers Market
The global crushers market, valued at USD 2.01 billion in 2023, is projected to expand at a compound annual growth rate (CAGR) of 5.6% over the forecast period, reaching approximately USD 2.95 billion by 2030. This growth is driven by increasing demand in the construction and mining sectors, as well as advancements in crusher technologies.
► Competitive Landscape
The crushers market is characterized by the presence of several key players striving to enhance their market positions through strategic initiatives. Notable companies include Metso Corporation, Sandvik AB, ThyssenKrupp, FLSmidth, HARTL CRUSHER, IROCK CRUSHERS, McLanahan, Lippmann-Milwaukee, Inc., Westpro Machinery, Komatsu Mining Corp, and WIRTGEN GROUP. These industry leaders are focusing on product innovation, mergers and acquisitions, and expanding their distribution networks to meet the growing global demand.
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► Regional Insights and Developments
Crushers Market Growth in the United States: Trends and Consolidation
In North America, particularly the United States, the crushers market is experiencing significant growth, driven by robust construction activities and a resurgence in mining operations. The region's advanced infrastructure and technological innovations have facilitated the adoption of modern crushers, enhancing operational efficiency. Notably, in September 2018, McCloskey International, based in Canada, acquired U.S.-based Lippmann-Milwaukee, strengthening its product portfolio to better serve the U.S. market.
Crushers Market Opportunities in Asia Pacific: Trends and Updation
The Asia Pacific region holds the largest market share, accounting for 39% in 2023, and is expected to continue its dominance through 2030. Rapid urbanization, large-scale infrastructure projects, and expanding mining activities in countries like China and India are fueling the demand for crushers. Technological advancements and government initiatives supporting industrial growth further contribute to market expansion.
Crushers Market Trends in Europe: Growth and Consolidation
Europe's crushers market is driven by technological innovations and stringent environmental regulations that encourage the adoption of energy-efficient and eco-friendly crusher solutions. The presence of established industry players and a focus on sustainable practices are shaping market trends. Collaborations and mergers among European companies are facilitating market consolidation and expansion.
Crushers Market Growth in the Middle East and Africa: Opportunities and Trends
The Middle East and Africa regions are witnessing growth in the crushers market, supported by infrastructure development and a growing need for construction materials. The demand is poised to be driven by the increasing demand for metals and commodities and the growth of the mining industry. However, challenges such as fluctuating raw material prices and high equipment costs persist. Key players operating in these markets include Metso Corporation, Sandvik AB, Komatsu Mining Corp, FLSmidth, and ThyssenKrupp.
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► Recent Mergers and Acquisitions
Recent industry developments include strategic mergers and acquisitions aimed at expanding customer reach and enhancing product portfolios. For instance, McCloskey International's acquisition of Lippmann-Milwaukee in 2018 exemplifies efforts to strengthen market presence in the United States. Additionally, companies are focusing on technological advancements to improve the efficiency and environmental sustainability of their crushers, aligning with global trends toward eco-friendly industrial solutions.
► Crushers Market Segmentation
by Product
Jaw Crushers
Cone Crushers
Impact Crushers
Others
by Type
Cone crushers
High pressure grinding rolls,
Impact crushers
Jaw crushers
Others
The market for crushers is divided into several segments, including high pressure grinding rollers, jaw crushers, impact crushers, and cone crushers. Over the course of the projection period, the jaw crushers segment is anticipated to have significant expansion. Large-scale crushing applications make use of jaw crushers. In essence, they are used for building and mining. They are also employed in the recycling and waste management processes.
by Application
Construction
Mining
Aggregate
Demolition
The market for crushers is divided into four segments: aggregate, demolition, mining, and construction. Over the course of the projected period, the construction segment is anticipated to see a moderate pace of development. Crushers are widely used in construction to reduce the size of large rocks or gravel in accordance with construction requirements.
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► Crushers Market Key Players
1. Metso Corporation (Finland)
2. Sandvik AB (Sweden),
3. ThyssenKrupp (Germany)
4. FLSmidth (Denmark)
5. HARTL CRUSHER (Austria)
6. IROCK CRUSHERS (US)
7. McLanahan (US)
8. Lippmann-Milwaukee, Inc. (US)
9.Westpro Machinery (Canada)
10.Komatsu Mining Corp (US)
11.WIRTGEN GROUP (Germany)
12.The Weir Group PLC (UK)
13.Astec Industries, Inc. (US)
14.Eagle Crusher Company, Inc. (US)
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