February 26, 2020
According to the research report titled ‘Stone Crushing Equipment Market Size By Product (Cone Crusher, Jaw Crusher, Impact Crusher), By Application (Mining, Quarrying, Recycling), Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025’ available at MarketStudyReport.com, the global stone crushing equipment market is expected to surpass USD 8.5 billion by the year 2025.
According to the report, increasing mining and construction activities that require assorted stone sizes are driving the stone crushing equipment market growth. Surging need for finely crushed stones for road & building construction projects in order to ensure strong foundation is fostering the demand for stone crushing equipment across the globe. Adding to this, introduction of machines with less emission production in order to reduce harmful impact caused by crushing activities is further aiding the market expansion.
As per product type, the report states that impact crusher segment is expected to register substantial growth during the forecast period. Impact crushers can operate at high speeds and are used for concrete production, glass recycling, and for producing sand and chips. Moreover, these machines are available in vertical and horizontal models which can be used for demolition and recycling activities, thereby fueling the segmental growth.
Based on the application spectrum, the recycling applications of stone crushing equipment are presumed to expand significantly during the estimated timeframe. Rising adoption of stone crushing equipment for recycling wastes produced during complex mining and construction activities is stimulating the industry outlook.
As per the regional analysis, the report cites that Middle East & Africa stone crushing equipment industry is poised to acquire significant growth in the subsequent years. Growing mining industry in Middle Eastern countries and South Africa is augmenting the regional demand for the equipment. Moreover, surging infrastructural development and rapid urbanization in South Africa are also contributing towards popularity of stone crushing equipment across Middle East & Africa.
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Zhengzhou Yifan Machinery Co. Ltd., Triaso SA, Thyssenkrupp, Terex Corporation, Superior Industries, Inc., Shibang Industry & Technology Group Co. Ltd., Sandvik AB, Mormak Equipment, Inc., Mesto Oyj, McLanahan Corporation, Komatsu Ltd., IROCK Crusher, Global Crushers, Eagle Crusher Co., Inc., and Astec Industries are the prominent companies operating in the stone crushing equipment market.
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