Press release
Emerging Trends to Drive Hydraulic Breaker Market Growth at 5.9% CAGR Through 2029
Hydraulic Breaker
Hydraulic Breaker Market Size Growth Forecast: What to Expect by 2025?
There has been a consistent increase in the size of the hydraulic breaker market in the previous years. The market, which was valued at $1.99 billion in 2024, is projected to expand to $2.07 billion in 2025, representing a compound annual growth rate (CAGR) of 4.1%. Factors contributing to this growth in the historic period include initial development, industrial utilization, advancements in materials, market adoption, and the introduction of varied sizes and types.
How Will the Hydraulic Breaker Market Size Evolve and Grow by 2029?
In the coming years, the hydraulic breaker market is projected to experience significant growth, with projections estimating its worth to reach $2.6 billion by 2029, expanding at a compound annual growth rate (CAGR) of 5.9%. A combination of factors including market expansion, diversified product offerings, environmental guidelines and standards, industry patterns and the competitive landscape, as well as worldwide economic conditions, are expected to drive this growth throughout the forecast period. Notable trends during this period will encompass improved efficiency, enhanced durability and extended lifespan, versatility in use, customization and adaptability, as well as the reduction of noise and vibrations.
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What Drivers Are Propelling the Growth of Hydraulic Breaker Market Forward?
The surge in construction projects is anticipated to drive the hydraulic breaker market's expansion. When referring to construction activities, it encompasses the preparatory, design, build, and upkeep phases of physical infrastructures such as buildings, roads, bridges, tunnels, and additional infrastructure. The growth and enlargement in these sectors is what is meant by increased construction activities. Used frequently on construction sites to break concrete, rock, and other substances, hydraulic breakers' demand can heighten with the rise in construction operations. As an example, in August 2024, the Office for National Statistics, a UK-based independent official statistics producer, reported a 16.5% £1,771 million ($2,224 million) increase in total new construction orders in 2024's Quarter 2 compared to Quarter 1. Private commercial new work and infrastructure new work largely spurred on this quarter-on-quarter growth, increasing by 15.1% £503 million ($637 million) and 23.4% £389 million ($490 million) respectively. Hence, the surge in construction operations is accelerating the expansion of the hydraulic breaker market.
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What Are the Key Trends Driving Hydraulic Breaker Market Growth?
The rise of product innovations is a significant trend in the hydraulic breaker market. Firms in the market are leveraging new technologies to maintain their market standing. For example, Mazio Attachments LLC, an American company that specializes in earth-moving machinery equipment, unveiled the Mazio XL series of hydraulic rock breakers in August 2022. Designed for a wide variety of carrier equipment, the Mazio XL series can be used with mini excavators, skid steer loaders, backhoe loaders, and excavators weighing up to 140 tons. The series features a 100% Hardox steel closed-case design, enhancing durability and providing superb resistance to wear and impact.
What Are the Key Segments in the Hydraulic Breaker Market?
The hydraulic breakermarket covered in this report is segmented -
1) By Type: Handheld Hydraulic Breaker, Machine Mounted Hydraulic Breaker
2) By Product Type: Mini Hydraulic Breaker, Small Hydraulic Breaker, Medium Hydraulic Breaker
3) By Application: Breaking Oversized Material, Trenching, Demolition
4) By End User: Construction, Mining
Subsegments:
1) By Handheld Hydraulic Breaker: Pneumatic Breakers, Electric Breakers
2) By Machine Mounted Hydraulic Breaker: Excavator-Mounted Breakers, Skid Steer Loader-Mounted Breakers, Backhoe Loader-Mounted Breakers
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Who Are the Key Players Shaping the Hydraulic Breaker Market's Competitive Landscape?
Major companies operating in the hydraulic breaker market include NPK Construction Equipment Inc., Soosan Heavy Industries Co. Ltd., Indeco SpA, Sandvik AB, Montabert S.A.S., Caterpillar Inc., Furukawa Rock Drill Co. Ltd., Epiroc AB, Atlas Copco AB, Nuosen Heavy Machinery Co. Ltd., Konekesko Eesti AS, Rammer Oy, JCB Ltd., Msat Msb Corporation, DAEMO Engineering Co. Ltd., Breaker Technology Inc., Doosan Bobcat Inc., Allied Construction Products LLC, Stanley Black & Decker Inc., Tramac Corporation, Hidrocmecc S.r.l., Chicago Pneumatic Tool Company, Kinshofer Group, Okada Aiyon Corporation, Toku America Inc., Indus Rock Tools Ltd., Rockblaster Hydraulic Breakers, Mustang Hammer, Teledyne ICM, Brokk AB
What Geographic Markets Are Powering Growth in the Hydraulic Breaker Market?
Asia-Pacific was the largest region in the hydraulic breaker market in 2024. The regions covered in the hydraulic breaker market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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