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Gold mine production in North America saw an increase from 333.4 tons in 2010 to 410.7 tons in 2019, with Canada contributing significantly by going from 102.1 tons in 2010 to 189.0 tons in 2019. This rise in gold production has led to an increased demand for crushers in the region. Gold is widely used in the US, primarily in jewelry and electronics, with 50% of it going into jewelry and 37% into the electronics industry, given its conductivity and anti-corrosive properties. Looking at historical trends, the demand for gold in North America is expected to keep growing in the future. Therefore, the expanding mining industry in the region is anticipated to fuel the global crusher market during the forecast period. Additionally, as the population grows, the mining industry is projected to further expand due to increased demands for metals, minerals, and other materials sourced from mining activities. This impact on the global crusher market, which is currently moderate, is expected to shift to high over the forecast period.
Furthermore, a transition to a low-carbon future is poised to significantly increase the demand for metals and minerals in the years to come. The future demand for specific metals will not only be influenced by countries committing to a low-carbon future but also by the choices made within different technologies. The low-carbon technologies that prove to be widely applicable and beneficial are expected to shape the commodity marketplace in the next few decades. For instance, the prevalent forms of alternative vehicles—electric, hybrid, and hydrogen—have varying implications for metal demand, with electric vehicles relying on lithium, hybrid vehicles using lead, and hydrogen-powered cars utilizing platinum.
In addition to the growing demand for crushers in North America due to increased gold mine production, other factors contribute to the expanding global crusher market. The rise of the mining industry, especially in developing regions, has become a key driver. The need for metals, minerals, and materials from mining activities is expected to escalate with the growing population and industrialization. Moreover, the increasing focus on infrastructure development and urbanization in various parts of the world further boosts the demand for crushers. Crushers play a crucial role in breaking down large rocks and minerals into smaller, manageable pieces, essential for various construction and industrial processes. As industries continue to evolve and the demand for raw materials rises, the global crusher market is likely to experience sustained growth in the foreseeable future.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Type, Application, and Region |
Crushers Market Highlights:
Global Crusher Market Overview
Crusher Market Size was valued at USD 2.805 Billion in 2023. The Crusher industry is projected to grow from USD 2.963 Billion in 2024 to USD 4.581 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.10% during the forecast period (2024 - 2032). Increased demand for minerals and commodities and growing activities of mining and construction in developing countries are the key market drivers enhancing growth of the market.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Crusher Market Trends
- Growing mining and infrastructure industries are driving the market growth
Market CAGR for crushers is being driven by the rising mining and infrastructure industries. The rising activities of infrastructural development projects like railway ballast, dams, airports, expressways, and national highways and construction in developing and developed countries ly are boosting the growth of the market. There is a rising demand for metals and commodities and thus driving the demand for crushers in the mining industry. There is a significant growth in the number of mining industries ly.
The automation in the mining and construction section has also boosted the growth of the market as the use of the crushers minimizes the cost of transportation and thus boosts productivity. The rising urbanization is boosting the industry of construction and infrastructure development projects and has a positive effect on the market for mobile crushers. The large-scale foreign investments in infrastructure development in different regions of the Asia Pacific region have fueled the demand for crusher systems. The government of different countries in this region is increasingly investing in several construction projects. The utilization of portable crushing plants significantly minimizes the time and expenses of carrying stones or mineral ore to fixed mobile crushing plants. The road and railway section has increased mining activities and demand for aggregates processing equipment.
The jaw crushers have wide applications in the mining section; it has the capability to crush harder and more abrasive materials like copper and granite with high efficiency. Thus the demand for jaw crushers is expected to grow due to the rise in the projects of mining to meet the demand for coal, minerals, etc. Further mobile crushers are growing rapidly because of the rising cost of operations, along with the lack of skilled labor and increasing requirements for machines with advanced technology that can offer more efficient ways of processing materials. The mobile crushers can be simply calibrated for accurate output sizes suitable for different applications. These crushers are low on fuel consumption and provide improved safety for the workers because of their ergonomic design. Thus, driving the Crusher market revenue.
However, the infrastructural problems faced by the crusher industry, like power shortages, rail and airport links, and improper roads, hampers the growth of the market in developing countries. Additionally, most of the equipment utilized currently functions on diesel and releases high carbon emissions, and thus, the strict carbon regulations pose a major challenge to the growth.
Crusher Market Segment Insights
Crusher Type Insights
The  Crusher market segmentation, based on type, includes Jaw Crusher, Gyratory Crushers, Cone Crusher, and Others. The jaw crusher segment dominates the market, accounting for the largest market revenue due to the rising mining projects to meet the demand for coal, minerals, etc. The jaw crushers are used in substantial crushing applications, mainly utilized for mining and construction and also in waste management and recycling process. Material like copper and granite in mining areas is harder and more abrasive, which cannot be broken down manually. Thus, jaw crushers are used for such materials for high efficiency.
Figure 1: Â Crusher Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Crusher Application Insights
The  Crusher market segmentation, based on application, includes Mining, Metallurgy, Chemical Industry, Construction, and Others. The construction segment dominates the market as the crushers are widely used for getting the decreased size of the huge gravel or rock as per the construction necessities. There is an increase in residential and commercial construction activity throughout the world as the government of various countries is investing largely in the development of infrastructure like bridges, roads, and railways that needs jaw crushers.
Crusher Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Crusher market area will dominate the market as there is growth in the construction industry. Mining is increasing along with the growth in the population and accelerating the economy and thus letting the growth of the crushers in the application of mining. The US is the largest contributor, followed by the Canadian for the crusher market in the North American region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Â Crusher MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The Asia-Pacific Crusher Market accounts for the second-largest market share due to the rising business of construction and improvements in monetary circumstances in this region, and further urbanization and industrialization in the developing countries. Moreover, China’s Crusher market held the largest market share, and the Indian Crusher market was the fastest-growing market in the Asia-Pacific region.
The European Crusher market is expected to grow at the fastest CAGR from 2023 to 2032, as this region is the main producer of crushed stone and is also a prominent consumer of crusher products. Further, the German Crusher market held the largest market share, and the UK Crusher market was the fastest-growing market in the European region.
Crusher Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Crusher market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Crusher industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  Crusher industry to benefit clients and increase the market sector. In recent years, the Crusher industry has offered some of the most significant advantages to industrialization. Major players in the Crusher companies, including Metso Corporation, Sandvik AB, McCloskey International, FLSmidth, Weir Minerals, Eagle Crusher Company Inc., Terex Corporation, Thyssenkrupp AG, and others, are attempting to increase market demand by investing in research and development operations.
Metso is a leader in sustainable technologies and provides end-to-end solutions and services for the aggregates, minerals processing, and refining metals industries ly. The company enhances the energy of customers and power efficiency, increases their productivity, and minimizes environmental risks by availing its products and process expertise. In October 2021, Metso Outotec stretched its Lokotrack screening and crushing equipment range, adding two new mobile cone crushers to its product lineup. The machines are designed to work with construction aggregates and offer 30% more capacity than previous models of the company. The LT 220GP and LT200HPX are powered by a Cat C9.38 power transmission and are designed on a new chassis that allows customers to opt between two high-capacity cone crusher options; the GO220 or the Nordberg HP200 cone crusher that are effective for hard rock crushing. The company also collaborated with Larsen & Turbo Limited to supply four Symons cone crushers for an iron ore screening and crushing plant located in National Mineral Development Corporation (NMDC) at Kirandul complex in Chhattisgarh, central India.
McCloskey International is part of Metso Outotec Corporation, a  leader in industrial companies providing equipment and services in the aggregates, mining, recycling, and process industries. The company avails of the crushing and washing screening system with an entire line of equipment, inclusive of screeners, crushers, trommels, and stacking conveyors. The company was established in 1985 and headquartered in Ontario, Canada. In June 2022, a new C2C Compact Cone Crusher was introduced by McCloskey at Hillhead 2022. This provided the power of the MC200 cone to a compressed footprint; the new C2C is described to provide operators with a highly maneuverable, portable cone crusher compacted with characteristics to increase productivity.
Key Companies in the Crusher market include
- Metso Corporation
- Sandvik AB
- McCloskey International
- FLSmidth
- Weir Minerals
- Eagle Crusher Company Inc.
- Terex Corporation
- ThyssenKrupp AG
Crusher Industry Developments
April 2022:Â The supply of a complete flowsheet of equipment was announced by FLSmidth to a greenfield gold mine in Northern Canada. The supply will contain a jaw crusher, cone crusher, ball mills, cyclones, and other types of equipment.
April 2023:Â The investment in the jaw crusher called Goliath, which is a mobile unit of Sandvik Group, was made by Colorado Materials Inc. This jaw crusher is powered electrically and offers low-cost-per-ton solutions with environmental benefits.
December 2021: The upgradation of a new range of Trio TC live-shaft cone crushers equipment was announced by Weir Minerals. With this upgradation, Trio TC84XR will now be able to feature robust design elements making it adaptable for mining and sand and aggregate industries.
Crusher Market Segmentation
Crusher Type Outlook
- Jaw Crusher
- Gyratory Crusher
- Cone Crusher
- Others
Crusher Application Outlook
- Mining
- Metallurgy
- Chemical Industry
- Construction
- Others
Crusher Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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