Overview and Scope
Cone crushers are a machine class utilized extensively in urban construction that essentially lowers the size of the material by compressing, squeezing, or rupturing between stationary and moving steel. The unique structure of this conical-shaped machine screens and crushes rocks in a fraction of the time it would take a person to complete the job by hand.
Sizing and Forecast
The cone crushers market size has grown strongly in recent years. It will grow from $2.31 billion in 2023 to $2.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to urban infrastructure development, research and development in crushing machinery, economic growth, growth in the mining industry.
The cone crushers market size is expected to see strong growth in the next few years. It will grow to $3.13 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increasing demand for aggregates, growing road construction activities, growing use of mobile and wireless crushers, infrastructure development. Major trends in the forecast period include product innovation, automation and remote monitoring, integration of IoT and data analytics, advancements in technology.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the cone crushers market in 2023. 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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Major Driver Impacting Market Growth
Growth in demand for construction and infrastructure developments is significantly contributing to the growth of the cone crushers market going forward. Construction refers to the activity of constructing buildings and infrastructure. Cone crushers are used in the construction industry to reduce the size of raw materials and feed, as a result, construction activity would create more demand for cone crushers. For instance, in March 2023, according to a report published by the Office for National Statistics, a UK-based producer of official statistics, in the fourth quarter of 2022, quarterly construction production increased by 0.3% compared to the third quarter of 2022. Additionally, after a record growth in 2021 of 12.8%, the annual production of construction climbed by 5.6% in 2022 compared to 2021. Therefore, increasing demand for construction and infrastructure developments will drive the cone crushers market.
Key Industry Players
Major companies operating in the cone crushers market report are Thyssenkrupp AG, Tesab Engineering Ltd., Sky Machinery, Weir Group PLC, Sandvik AB, Hazemag & EPR GmbH, Metso, Mesto Corporation, Terex 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 Corparation, Puzzolana Machinery Fabricators LLP, WESTPRO Machinery Inc., IROCK Crushers LLC, Trimax Machinery, Global Mining Crusher, Shanghai Gator Mechinery Co.Ltd, Raptor Cone Crushers
The cone crushers market report table of contents includes:
1. Executive Summary
2. Cone Crushers Market Characteristics
3. Cone Crushers Market Trends And Strategies
4. Cone Crushers Market – Macro Economic Scenario
5. Global Cone Crushers Market Size and Growth
…
32. Global Cone Crushers Market Competitive Benchmarking
33. Global Cone Crushers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cone Crushers Market
35. Cone Crushers Market Future Outlook and Potential Analysis
36. Appendix
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