Crushers Market Analysis

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.