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Surge In Construction And Infrastructure Projects Boosts Growth Prospects For Cone Crushers Market: Powering Innovation and Expansion in the Cone Crushers Market by 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Cone Crushers Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a solid expansion in the cone crushers market, which is expected to increase from $2.45 billion in 2024 to $2.61 billion in 2025, representing a compound annual growth rate (CAGR) of 6.5%. The remarkable growth experienced in the past was due to factors such as urban infrastructure enhancement, advancements in crushing machinery research, economic progression, and expansion in the mining sector.
How Will the Cone Crushers Market Size Evolve and Grow by 2029?
In the coming years, the cone crushers market is projected to witness robust growth, expanding to $3.31 billion by 2029 with a compound annual growth rate (CAGR) of 6.1%. This growth during the prediction period can be credited to the rising demand for aggregates, escalating road construction activities, and the increasing application of mobile and wireless crushers for infrastructure development. Key trends anticipated within this forecast period encompass product innovation, automation and remote monitoring, incorporation of IoT and data analytics, and technological advancements.
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What Drivers Are Propelling the Growth of Cone Crushers Market Forward?
The surge in demand for building and infrastructure improvements is a key factor driving the cone crushers market expansion. Construction pertains to the constructing of buildings and infrastructures, with cone crushers playing an essential role by reducing the size of raw materials. Hence, increased construction activities augment demand for cone crushers. For example, a report from the Office for National Statistics, a UK-based official statistics producer, in March 2023 stated that there was a 0.3% rise in the quarterly construction production in the final quarter of 2022 compared to the preceding quarter. Moreover, following an unprecedented 12.8% growth in 2021, there was a 5.6% increase in annual construction production in 2022 compared to the previous year. As such, the escalating demand for construction and infrastructure projects is anticipated to propel the cone crushers market forward.
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Which Emerging Trends Are Transforming the Cone Crushers Market in 2025?
Advancements in product designs are becoming a significant trend within the cone crusher market. Numerous dominant firms in this market are concentrating on product development to maintain market relevance. One such example is Metso Outotec Corporation, an industrial machinery firm from Finland, which in March 2023, introduced the HP200e cone crusher, designed to improve uptime and sustainability in the aggregates segment. The redesigned crusher boasts advanced kinematics and revamped chambers for a faster, safer liner replacement process without requiring backing material. It provides a 10% rise in head movement, an additional 20% kilowatt power, and a greener solution, pushing the boundaries of operational performance and ecological responsibility for the aggregates sector.
What Are the Key Segments in the Cone Crushers Market?
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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Who Are the Key Players Shaping the Cone Crushers Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Cone Crushers Market?
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.
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