Stone Crushing Equipment Market Analysis by Emerging Growth Factors and Revenue Forecast to 2025
Category: #world  By Rahul Varpe  Date: 2020-04-29
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Stone Crushing Equipment Market Analysis by Emerging Growth Factors and Revenue Forecast to 2025

The size of Stone Crushing Equipment Market was registered at USD 4.5 billion in the year 2018 and is anticipated to cross USD 8.5 billion by 2025. Rapidly increasing construction & mining activities that require various stone sizes are driving the industry. These crushers are used for crushing large stones, rocks, metals, iron, etc., into very small pieces depending on the application requirements.

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In the stone crushing equipment market, impact crushers are gaining a high demand for shaping applications such as the making of sand, chips, glass recycling, and concrete production. These machines are available in their horizontal & vertical models, which are capable of recycling & demolition activities. These crushers are popular among recycling applications owing to their ability to process various materials at high speed & outputs. The stone crushing equipment market is witnessing the emergence of mobile crushing machines that can function in demanding environments. For instance, in April 2018, McCloskey announced the launch of its new impact crushers at Intermat. The new machines have mobility features to deliver versatility and high performance.

Recycling applications in the stone crushing equipment market are consuming huge numbers of crushers to recycle the wastes generated from complex construction & mining activities. The applications also utilize crushing machines for the demolition of unwanted materials and stones, further adding up to environmental safety concerns. The newly developed crushers are ideal for small-scale and on-site recycling operations due to the enhanced mobility features. High compactness and productivity benefits of new machines allow users to deploy them in tight urban spaces & roadside location. The rapid growth of asphalt & concrete recycling industries across the globe is increasing the demand for mobile machines, attributing to the stone crushing equipment market growth.

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The MEA stone crushing equipment market is expanding at a rapid pace due to the development of the mining industry in South Africa and Middle Eastern countries. South Africa is a major producer of coal, gold, etc., with the presence of several mines requiring highly efficient crushing machines. The country also has several construction & infrastructure transformation projects, further adding up to the machinery demand. South Africa is witnessing rapid urbanization with 63% of its population living in urban areas and the numbers may increase to 71% by the end of 2030. The urbanization trend is creating the demand for basic infrastructure requirements in the region, further contributing to the stone crushing equipment market growth.

Prominent companies operating in the stone crushing equipment market include Terex Corporation, Sandvik AB, Metso Oyj, Komatsu Ltd., Astec Industries, IROCK Crusher, thyssenkrupp, etc. These players are focused on developing technically advanced machines with mobility & productivity features. Manufacturers are providing low emission and fuel consuming machines to the application industries to meet the carbon emission related standards set by regional & global associations impacting the stone crushing equipment market.



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Rahul Varpe

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Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. 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 ...

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