석재 파쇄 장비 시장 : 제품 유형별, 용도별, 지역별(2024-2031년)

Stone Crushing Equipment Market- 2024-2031

The stone crushing equipment market is expected to grow significantly in the coming years, driven by infrastructure development, mining activities, and the construction industry growth. The market size surpass USD 6.02 Billion valued in 2024 to reach a valuation of around USD 10.7 Billion by 2031.

The rising emphasis on recycling and waste management has resulted in an increase in demand for stone-crushing equipment. The ongoing technological advancements, road construction, urbanization are expected to further bolster the market's growth, positioning it for a strong performance in the coming years. The rising demand for cost-effective and efficient stone crushing equipment is enabling the market grow at a CAGR of 7.46% from 2024 to 2031.

Stone Crushing Equipment Market: Definition/ Overview

Stone crushing equipment refers to machinery used to break down large stones or rocks into smaller, more manageable pieces, a process crucial in industries like construction, mining, and manufacturing. The market for this equipment is expansive and dynamic, driven by infrastructure development, mining activities, and industrial applications. It includes various equipment types, such as jaw crushers, cone crushers, and hammer mills, catering to applications like road construction and building materials across different global regions.

The market is characterized by a blend of established manufacturers and emerging players, all contributing to a highly competitive environment. Key trends shaping the market include technological advancements aimed at improving efficiency and safety, a growing focus on sustainability, and the increasing integration of automation to boost productivity and reduce labor costs. Additionally, globalization is playing a significant role, with manufacturers expanding their operations to meet the rising demand worldwide.

Overall, the stone crushing equipment market is crucial to the global economy, supporting essential industries and infrastructure projects. As demand for construction materials and minerals grows, the market is poised for sustained expansion, driven by continuous innovation and the increasing need for efficient, sustainable, and automated equipment solutions.

How Does Infrastructure Development Contribute to the Growth of the Stone Crushing Equipment Market?

Infrastructure development will fuel the expansion of the stone-crushing equipment market. The global infrastructure investment needs are expected to exceed $94 trillion by 2040, driving up demand for construction materials such as crushed stone. In the United States, a $2.59 trillion infrastructure investment shortfall over the next decade emphasizes the need for materials used in the construction of roads, bridges, and other critical projects, increasing demand for stone-crushing equipment.

The mining industry's rise will fuel the demand for stone crushing equipment. As the production of minerals such as graphite, lithium, and cobalt is expected to rise by nearly 500% by 2050, owing to the demand for clean energy technologies, there will be an increased demand for stone crushing equipment to process these materials into usable sizes, directly driving market growth.

How Does the High Initial Investment Hinder the Growth of the Crushing Equipment Market?

The high initial investment hinders the growth of the stone crushing equipment market. Purchasing and installing modern crushing machinery necessitates a large investment, which can be prohibitive for small and medium-sized businesses. Additionally, continuous maintenance and operational costs add to the financial burden, making it harder for smaller businesses to embrace these technologies, thus impeding market progress.

Strict environmental laws hamper the growth of the stone-crushing equipment market. As governments tighten regulations to decrease dust, noise, and emissions from crushing operations, businesses must invest in cleaner, more environmentally friendly solutions. This raises operational expenses and may discourage investment in new crushing equipment, especially for smaller businesses that may struggle to fulfill compliance standards. The requirement to adopt sustainable methods may restrict the market's growth, particularly in nations with strict environmental legislation.

Category-Wise Acumens

Will the Primary Crushing Applications Propel the Jaw Crushers Segment for the Crushing Equipment Market?

Jaw crushers have historically dominated the stone crushing equipment market. The primary crushing applications will boost the jaw crusher segment of the crushing equipment market. Jaw crushers are particularly designed for the first stage of material reduction, making them ideal for crushing large rocks and hard materials in the mining, quarrying, and construction industries. Their effectiveness in breaking down raw materials into smaller, more manageable sizes for further processing makes them indispensable for primary crushing. As the need for construction and mining projects grows, the demand for jaw crushers in primary crushing applications will continue to increase, boosting this segment's growth.

The proven track record of durability and long service life will propel the jaw crushers section of the crushing equipment market. Jaw crushers are well known for their strong structure and ability to survive tough working circumstances, making them an excellent choice for heavy-duty primary crushing duties in industries such as mining and construction. Their longer operational lives eliminate the need for regular replacements and maintenance, resulting in lower long-term expenditures. Their durability and dependability make them a popular choice, propelling the expansion of the jaw crushers market.

Will the Increasing Infrastructure Development Raise the Construction Segment for the Crushing Equipment Market?

The construction industry is experiencing the fastest growth in demand for stone-crushing equipment. Increased infrastructure development will propel the construction segment of the crushing equipment market. As infrastructure projects such as roads, bridges, and buildings expand internationally, there is an increasing need for aggregates and crushed materials used in construction. Crushing equipment is required for crushing raw materials into the appropriate sizes for these applications. The rise in infrastructure development immediately boosts the demand for efficient and dependable crusher equipment to satisfy the volume and quality requirements of construction projects, increasing the construction segment of the market.

Consistent demand from the construction industry will propel the crushing equipment market. The construction industry typically has a steady and predictable demand for aggregates and crushed materials, which are required for ongoing projects and infrastructure development. This consistent demand ensures a constant need for crushing equipment to efficiently process raw materials. As a result, the construction sector's dependability and consistency provide a stable market environment for crushing equipment, promoting investment and growth in this segment.

Country/Region-wise Acumens

Will Rapid Urbanization Lead the Asian Pacific Region for the Stone Crushing Equipment Market?

The Asia-Pacific region has emerged as the dominant market for stone crushing equipment. Rapid urbanization will fuel Asia Pacific's stone-crushing equipment market. The UNESCAP predicts that the region's urban population will increase from 2.3 billion in 2019 to 3.5 billion by 2050, necessitating significant infrastructure and development projects. The Asian Development Bank's forecast of $26 trillion in infrastructure investments needed by 2030, or $1.7 trillion per year, demonstrates the high demand for stone crusher equipment. China's infrastructure investment reached 5.8 trillion yuan ($896 billion USD) in 2022, while India's infrastructure industry is projected to grow at a 7% CAGR from 2022 to 2027, with ₹111 lakh crore ($1.5 trillion USD) invested by 2025.

Established mining industries will drive the stone crushing equipment market in Asia Pacific. The region's rich mineral resources and busy mining operations drive a high need for crushing equipment. According to World Mining Data 2023, Asia Pacific accounted for 65.6% of world mining output in 2021, with China providing 25.3%. Australia's mining exports are predicted to reach a record AUD 464 billion in 2023-24, while India's mining sector is expected to contribute 2.5% of GDP by 2025, indicating a huge growth in mineral production. Future projections of a 150% increase in mineral demand by 2050, along with China's 14th Five-Year Plan concentrating on improving mining capacities, increase the requirement for stone crusher equipment, indicating a robust and growing industry fueled by these established industries.

Will the Infrastructure Development Expand the Middle East & Africa Region for the Stone Crushing Equipment Market?

The Middle East and Africa are experiencing the fastest growth in demand for stone-crushing equipment. Infrastructure development will propel the stone-crushing equipment market in the Middle East and Africa region. Significant investments in roads, buildings, and industrial projects are driving up demand for crushed stone and aggregates. The African Development Bank estimates a $130-170 billion annual infrastructure finance need in Africa, with a significant investment gap, while major projects such as Saudi Arabia's Vision 2030 and the UAE's $11.38 billion infrastructure budget add to demand. Furthermore, Africa's $160 billion investment plan for transportation and energy projects, as well as the construction market's anticipated 7.4% CAGR, highlight the growing demand for stone crusher equipment to support considerable infrastructure development throughout the region.

Economic growth will drive the stone-crushing equipment market in the Middle East and Africa. Expanding economies and rising incomes drive construction and infrastructure development, increasing demand for crushed stone and aggregates. The World Bank expects the MENA region's economic growth to reach 3.5% in 2024 and 3.7% in 2025, up from 1.9% in 2023. Sub-Saharan Africa's GDP is likewise predicted to average 4% between 2023 and 2024, exceeding the world average. Egypt, Saudi Arabia, and the UAE are all seeing strong economic growth, with the UAE's GDP expected to rise by 7.6% in 2022 and significant building projects. Furthermore, Africa's GDP is expected to grow by 4.1% in 2024, boosting purchasing power and encouraging increased expenditures in construction.

Competitive Landscape

The stone crushing equipment market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the stone crushing equipment market include:

• Metso Outotec
• Sandvik
• Terex Corporation
• Eagle Crusher
• Astec Industries
• Thyssenkrupp
• Kleemann
• McCloskey International
• Weir Group
• Shanghai Zenith

Latest Developments

• In July 2022, Metso Outotec partnered with Larsen & Toubro Limited to provide four Symons cone crushers for an iron ore crushing and screening facility at the National Mineral Development Corporation (NMDC-Kirandul) complex in Chhattisgarh, central India.
• In April 2022, FLSmidth stated that a greenfield gold mine in Northern Canada would receive a full equipment package, which included a cone crusher, ball mills, cyclones, and a jaw crusher, among other machinery components.

TABLE OF CONTENTS

1. Introduction

• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary

• Key Findings
• Market Overview
• Market Highlights

3. Market Overview

• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter's Five Forces Analysis

4. Stone Crushing Equipment Market, By Product Type

• Cone Crushers
• Jaw Crushers
• Impact Crushers
• Others

5. Stone Crushing Equipment Market, By Application

• Mining
• Construction
• Industrial
• Others

6. Stone Crushing Equipment Market, By Capacity

• Up to 50 Tonnes/Hour
• From 50 to 200 Tonnes/Hour
• More than 200 Tonnes/Hour

7. Regional Analysis

• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics

• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape

• Key Players
• Market Share Analysis

10. Company Profiles

• Terex Corporation
• Komatsu Ltd.
• Caterpillar Inc.
• Joy Global Inc.
• Sandvik AB
• Thyssenkrupp
• Eagle Crusher Company Inc.
• Weir Group
• Metso Corporation
• Astec Industries, Inc.
• IROCK Crusher

11. Market Outlook and Opportunities

• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix

• List of Abbreviations
• Sources and References