The global Cone Crusher Market size is expected to be valued at USD 2,765.4 Million by the end of 2022. The market is expected to develop at a CAGR of 5.7% between 2022 and 2032, reaching a value of USD 4,823.5 Million by 2032.
The demand for cone crushers is rising due to:
To lessen their reliance on labor, the mining and construction sectors are expected to embrace a greater degree of automation during the next two years. Cone crushers that are transportable and provide automated solutions may see increased investment as a result of these improvements.
| Report Attribute | Details |
|---|---|
| Global Cone Crusher Market Value (2022) | USD 2,765.4 Million |
| Global Cone Crusher Market Anticipated Forecast Value (2032) | USD 4,823.5 Million |
| Global Cone Crusher Market Projected Growth Rate (2022 to 2032) | 5.7% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Due to large-scale mining activities in China, Asia Pacific dominates the global cone crusher industry. China is the world's largest producer of coal, gold, and the majority of rare earth materials. Mining equipment such as cone crushers is in great demand. Large-scale mining equipment manufacturers in China export mining equipment to African countries rich in mineral resources.
In India, the Steel Authority of India Limited has begun construction on captive Chiria mine development for capacity expansion at the Steel Authority of India Limited's flagship Bhilai Steel mill in the state of Chhattisgarh. During the projected period, the exploration of China and other mines in India is likely to produce strong demand for the country's cone crusher market.
North America's demand for cone crushers is expected to expand as a result of the rising number of high-rise buildings in nations like the United States and Canada. North America is anticipated to hold a substantial share of the global cone crusher market due to the presence of well-established and technologically proficient manufacturers in the area.
Due to the country's high demand for cone crushers, the United States is the most important market in North America. Given the rising need for enhanced crushing strength against abrasive materials, developed nations such as the United States and Europe are mature markets for cone crushers.
Principal Consultant
There are several trends in the cone crusher market, including the increasing popularity of mobile cone crushers due to their added characteristics that allow them to travel anywhere and begin operating immediately.
Due to their versatility, they also aid in increasing productivity on building sites. Furthermore, rising demand for rental models of stone crushing equipment due to high initial expenditures of cone crusher equipment is expected to drive demand for the equipment during the projection period.
Thus, market players are offering liner profile systems that provide an improved forecast of the replacement of the mantle and concave liners, detect asymmetric and high wear zones, monitor open and closed-side settings and compute the wear life of cone crushers. They are also introducing linked variations that include computational intelligence, automation, and networking systems (ACS).
Demand for these crushers is expected to expand in the forecast period since they enable operators to forecast performance, maximize uptime, and ensure sustainability.
The crushing requirements of sectors such as mining, construction, processing, and demolition had evolved dramatically in the previous two decades when crushers were mostly stationary technology used to transform coarse materials into more delicate materials and start sending them onto tertiary crushing machines. The demand for mobile devices and wireless crushers is increasing rapidly.
The growth in government spending for infrastructure development, such as road and bridge renovation, is a significant driving force in the cone crusher market. Construction and tunneling industries require concrete, aggregates, and precast goods and components.
Furthermore, there is a demand for faster construction and more cost-effective solutions. Using ready-mix concrete and precast goods and parts reduces building time significantly. Aggregates are used to make concrete and precast concrete products. Furthermore, precast production is cost-effective since products and elements are manufactured in bulk.
Cone crushers are deformation devices that break the material by compressing or concentrating the feed material between a movable and stationary steel structure. The particles to be smashed (the feed) is deposited in the crushing machine. The crust is a movable element that gyrates eccentrically. As the crust shifts, the material is crushed against the concave in the areas where the space is narrowest.
Furthermore, production may be carried out by automated machinery, which reduces both people and construction time. This aids in the growth of cone crusher market share.
Furthermore, advancements in manufacturing technology have resulted in an increase in building and mining activities, which has resulted in a growth in raw material demand at a quicker rate. As a result, improved cone crushers are required on the market. This boosts the demand for cone crunchers even further.
Cone crushers are driven by the growth of sectors such as mining, aggregate, demolition, and building in various nations. Cone crusher demand is increasing internationally as governments engage in infrastructure projects.
Furthermore, the market is likely to benefit from an emphasis on affordable housing initiatives. Cone crushers offer multiple practical benefits to businesses, which is projected to boost the sales of cone crushers. In countries such as India, where the mining sector is not seeing considerable expansion, the demand for cone crushers in the mining industry is declining, impeding worldwide cone crusher future growth.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The growth in demand for building and infrastructure development boosts the cone crushers industry. Transport systems, tunnels, residential and non-residential buildings, and coal are all continuously growing businesses that necessitate the building of new equipment.
This increases the demand for aggregates, concrete, and precast goods and components. As a result, there is a significant possibility for growth in the cone crusher market in developing markets. As a result, it is anticipated that the cone crusher market would expand more aggressively shortly.
Many construction and mining businesses are choosing leased cone crushers as demand to minimize capital and operating expenses connected with cone crushers, hindering the purchase of new cone crushers and opening up a rental channel for sellers.
Reports suggest that the Middle East, Africa, and the Asia Pacific are likely to grow at a healthy CAGR as growing nations invest in infrastructure. Europe is the fastest-growing region in the global cone crusher market, where growth is anticipated at a CAGR of 25.4%.
During the projection period, the North American cone crusher industry is poised to increase at a slowdown but steady at a CAGR of 22.6%. However, the expansion of the mining and construction industries and the adoption of more advanced and sophisticated technologies are some of the reasons influencing the development of the cone crusher market in North America.
The new Premiertrak 330 is outfitted with a simple big fixed hopper made of an 8-mm wear plate, which is intended to simplify setup time, eliminate pegging, and extend the lifespan of worn parts. The hydrostatic drive enables chamber reversibility, which means the machine may unblock and operate in reverse, allowing for better crushing of specific materials.
A low power density is also intended to boost fuel efficiency and produce fewer noise emissions when operating in urban or restricted locations.
New cone crushers with hydraulic hold-down locking allow industries to crush at a larger throughput and with more power than ever. Because autonomous controlling of cone crushers has increased energy use and output, market providers are working on expanding the efficiency of their offerings.
For example, Metso's Nordberg HP900 series cone crusher features a redesigned lubrication system, enhanced kinematics, a higher pivot point, and greater power to provide a 15% capacity enhancement. Higher size means higher manufacturing and profit in the mining sectors, where productivity and speed are critical.
Cone crushers are increasingly being used in construction and road paving material. Due to the expanding regeneration strategy, new crushers can split bitumen and aggregates for reuse as fresh asphalt. New asphalt stations may produce an asphalt mix that contains up to 70% recycled material.
Some enterprises are employing cone crushers and jaw crushers to increase productivity and speed. Veljekset Paupek of Tornio, Finland, for instance, used a Lokotrack LT200HP cone crusher and a Lokotrack LT106 jaw crush machine to form a two-stage hydraulic press. It was capable of breaking an appropriate quantity of 10,000 metric tonnes in only two weeks as a result of this.
The cone crusher market is occupied by several well-established vendors fiercely competing in the industry based on product advancements. Aside from innovation, market manufacturers are engaging in several mergers and acquisitions to increase market share, geographical presence, and technological capabilities.
Shanghai Shibang Machinery, Weir, Shuangjin Machinery, WIRTGEN GROUP, Zhejiang MP Mining Equipment, Northern Heavy Industries, Astec Industries, Minyu Machinery, Tesab, ThyssenKrupp, Terex, Liming Heavy Industry, McCloskey International, Metso, Sandvik, Chengdu Dahongli, FLSmidth and many more are the major participants in the worldwide cone crusher industry.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.7% from 2022 to 2032 |
| Market Value in 2022 | USD 2,765.4 Million |
| Market Value in 2032 | USD 4,823.5 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, company ranking, consumer behavior analysis, leading regional games, competitive landscape, growth factors, and trends |
| Segments Covered | Type, Offering, Application, End User, Regions |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled | Shanghai Shibang Machinery; Weir; Shuangjin Machinery; WIRTGEN GROUP; Zhejiang MP Mining Equipment; Northern Heavy Industries; Astec Industries; Minyu Machinery; Tesab, ThyssenKrupp; Terex; Liming Heavy Industry; McCloskey International; Metso, Sandvik; Chengdu Dahongli; FLSmidth |
The global cone crusher market is anticipated to be worth USD 2,765.4 Million by the end of 2022.
During the projection period of 2022 to 2032, the market is predicted to grow at a CAGR of 5.7%.
The global cone crusher market is likely to reach a valuation of USD 4,823.5 Million through 2032.
During the 2016 to 2021 timeframe, the market grew at a CAGR of 5.1%.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-use Application 5.1 Mining 5.2 Construction 5.3 Aggregate 5.4 Demolition 5.5 Industrial 5.6 Environment 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Power Source 6.1 Electric Motor 6.2 Diesel Generator Engine 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1 North America 7.2 Latin America 7.3 Europe 7.4 Asia Pacific 7.5 MEA 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1 WESTPRO 15.2 Telsmith 15.3 Terex 15.4 LSmidth & Co. A/S 15.5 Metso 15.6 Sandvik 15.7 Thyssenkrupp AG 15.8 McCloskey Equipment 15.9 Keestrack NV 15.10 Tesab Engineering Ltd 16. Assumptions & Acronyms Used 17. Research Methodology
Explore Industrial Automation Insights
View Reports
Cone Crusher Market
