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Stone Crushing Equipment Market will show Exponential Growth till 2024 | Leading Players: Metso Oyj, Terex Corporation, Joy Global, CNH Global N.V.

Author : Rahul Varpe | Published Date : 2019-04-08 

Global Market Insights provides a detailed overview of Stone Crushing Equipment market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Stone Crushing Equipment market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Stone Crushing Equipment Market size is anticipated to grow at a significant rate from 2017 to 2024. High adoption of this machinery across various areas, such as mining, construction & building, highways, railways, and metallurgy, will spur the industry growth over the forecast time span. Increasing construction activities across the globe due to rising urbanization have resulted in the increased production of this machinery, positively impacting the industry. The ability of this equipment to produce crushed stones of varied sizes is likely to induce immense potential to the stone crushing equipment market size till 2024.

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Stone crushing equipment is located near large construction projects on the outskirts of the city, where it is required at a larger scale. Manufacturers are continuously focusing on technological advancements in the machinery to fulfill the mandatory standards for emission reduction. Mobile cone crusher is an innovation that has gained prominence in the stone crushing equipment market recently. It is equipped with mobility feature and can move anywhere and start working instantly. This equipment meets customers’ different product requirements as it is flexible and easily adaptable to other machines. The mobile cone crusher finds applications in various areas such as mineral ore and rock stone crushing.

The notable players in the stone crushing equipment market are:

  • Metso Oyj
  • Terex Corporation
  • Joy Global
  • CNH Global N.V.
  • Caterpillar Inc.
  • BUCY International
  • Sandvik AB

Industry players are focusing on new product launches and regular innovations to gain a competitive edge and gain a foothold in the industry. For instance, in August 2017, Terex Corporation launched C-1540 mobile cone crusher that offers significant reduction ratios with high output capacity. Similarly, in March 2017, Metso launched its MX4 cone crusher that is equipped with features that include patented multi-action crushing technology that wear compensation and adjustment of under load setting easier than the traditional methods. These product launches help the stone crushing equipment market players to diversify their product line and increase their customer base.

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Based on the type, stone crushing equipment market is segmented into cone crusher, impact crusher, and jaw crusher. Jaw crusher is anticipated to rise owing to its heavy demand across the industry in the quarrying and mining activities. Wide usage across various applications including demolition and industrial construction will offer immense potential to cone crushers market size till 2024. Its benefits, such as hydraulic adjustment, durability, and cost effectiveness, will further attribute to the high revenue generation. Provision of operational advantages to industries will also help in escalating the growth till 2024.

By application, the stone crushing equipment market is classified into quarrying, mining, recycling, and others. Quarrying will witness a significant growth owing to the rising quarrying activities across the globe, especially in the developed countries of North America. The revenue generation is attributed to heavy domestic demand for crushed stone by the construction industry. Mining is expected to grow owing to continued recovery of downstream construction industries in some regions.

North America is anticipated to rise owing to increasing demand from commercial and residential construction activities coupled with rising expenditure on road and highway construction across the region. The presence of established players will give an edge to stone crushing equipment market growth in the region. Asia Pacific will hold a significant share owing to increasing infrastructure development activities in emerging economies including China and India. Moreover, the rising number of industry players in the region will contribute to the regional growth.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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