Global Stone Crushing Equipment Market
Posted by Ganesh Mane on February 19th, 2021
Global Stone Crushing Equipment Market was valued US$ XX Mn in 2019 and is expected to reach XX Mn by 2027, at a CAGR of 20.22 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. Growing construction activities across the globe owing to rising urbanization have resulted in the increased production of stone crushing machinery. The increasing adoption of stone crushers in various sectors like mining, infrastructure & building, highways and railways are expected to drive the stone crushing equipment market growth during the forecast period. On the other hand, machine operations require a huge workforce. Lack of skilled labor is a challenge for the stone crushing equipment market.
Additionally, growing prices of crushing equipment across the globe and high initial investments on the machinery is expected to limit industry growth. Jaw crushing equipment is expected to grow at a XX % rate of CAGR during the forecast period(2019 to 2026). It is normally used in various industry segments like construction, metallurgy, and mining, for crushing different materials like rocks, marbles, granite. The jaw crushers are extensively used by contractors owing to its easy maintenance and simple design features. These machines can be relocated for service & maintenance purposes, which reduces the total operational cost in a counstruction project.
Mobile stone crushers are expected to witness significant growth in the global stone crushing equipment market. The growth in the market is attributed to the benefit of the belt conveyor transport facility. Mobile plants for stone crushing are extensively used in the mining fields and for the preparation of the raw material in construction engineering sites like highways, tunnels. The common feature of mobile plants is the easy access to stone crushers to raw material, which is the offer the benefit mainly in terms of reducing the transport costs.
By Geographically, The Asia Pacific region is projected to be a leading region in the global stone crushing equipment market. The leading position in the market is attributed to the growth of Rapid urbanization, growing investments in the infrastructure and mining sector. According to the Asian Development Bank data, the Asian region is expected to invest US $XX trillion to maintain the growth impetus in the region.
The country China has several ongoing construction projects like Belt and Road Initiative with an investment of approximately US $ XX billion. Additionally, many long-term & short-term projects undertaken by the public & private sectors of developing country India are further accrediting to the stone crushing equipment market growth. The increasing construction activities in the Asian countries is projected to increase the demand for crushed stones at construction sites. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.
The report also helps in understanding dynamics, structure by analysing the market segments and, project the global stone crushing equipment market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global stone crushing equipment market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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Scope of the Report for Global Stone Crushing Equipment Market
Global Stone Crushing Equipment Market, By Product
• Cone crusher • Jaw crusher • Impact crusher
Global Stone Crushing Equipment Market, By Application
• Mining • Quarrying • Recycling
Global Stone Crushing Equipment Market, By Mobility
• Mobile Crushing Equipment • Stationary Crushing Equipment
Global Stone Crushing Equipment Market, By Region
• North America • Europe • Asia Pacific • Middle East & Africa • South America
Key players operating in Global Stone Crushing Equipment Market
• Metso Oyj • Sandvik AB • Terex Corporation • Caterpillar Inc. • Komatsu Ltd. • Joy Global Inc. • BUCY International • CNH Industrial N.V. • Irock Crushers • Eagle Crusher Company • Shanghai Shibang Machinery • Zhejiang Shuangjin Machinery Holdings • Kawasaki Heavy Industries • Zhengzhou YiFan Machinery • The Weir Group • Stedman Machine Company • Astec Industries • Tesab Engineering • McCloskey International • Minyu Machinery
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About the AuthorGanesh Mane
Joined: January 27th, 2021
Articles Posted: 125
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