Crushers Market Analysis

Global Crushers Market Overview

Crushers Market Size was valued at USD 6,345.10 Million in 2023. The Global Crushers industry is projected to grow from USD 6,751.19 Million in 2024 to USD 10,683.22 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.9% during the forecast period (2024 - 2032).

Infrastructure development and urbanization across Asia-pacific, expansion of manufacturing and industrial sectors and recycling & sustainability is driving the Crushers Market.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

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  Crushers Market Trends

  
  

Infrastructure development and urbanization across Asia-pacific, expansion of manufacturing and industrial sectors augmenting Crushers Market.

The Asia-Pacific region is experiencing unprecedented infrastructure development and urbanization growth, setting the stage for a significant increase in crusher demand over the next decade. This demand surge is rooted in various factors, including government initiatives, economic expansion, and the rising need for modern urban infrastructure. As countries in the region continue to develop, crushers will play a pivotal role in transforming raw materials into the essential building blocks required for construction projects, from roads and bridges to residential and commercial buildings. Governments across the Asia-Pacific region is implementing ambitious infrastructure projects to support economic growth and improve the quality of life for their citizens. For instance, China's Belt and Road Initiative (BRI) is a colossal infrastructure project to enhance trade routes and connectivity across Asia, Europe, and Africa. The BRI encompasses the construction of highways, railways, ports, and airports, necessitating crushers to process vast quantities of raw materials like limestone, granite, and basalt into aggregates for construction.

Moreover, the expansion of manufacturing and industrial sectors is significantly driving the demand for crushers. As these sectors grow, there is an increased need for raw materials to support the production of goods, which in turn amplifies the necessity for efficient material processing equipment. Crushers play a vital role in breaking down large rocks and minerals into smaller, more manageable pieces, facilitating their use in various industrial applications. The burgeoning construction industry, fueled by urbanization and infrastructure development, further propels the need for crushers to produce aggregates required for building roads, bridges, and other structures. Additionally, advancements in technology and automation within the manufacturing sector have led to the development of more sophisticated and high-capacity crushers, enabling industries to process materials more efficiently and meet the rising demand.

Crushers Market Segment Insights

Crushers Type Insights

Based on type, the market is segmented into cone crushers, gyratory crushers, impact crushers, jaw crushers, roll crushers, and other. The cone crushers segment dominated the global market in 2023, while the impact crushers is projected to be the fastest–growing segment during the forecast period. Cone crushers are typically used in secondary, tertiary, and quaternary crushing stages due to their ability to deliver high reduction ratios and produce well-shaped aggregates. Their operation involves a gyrating cone within a concave bowl, which compresses and breaks down the material. Cone crushers are widely utilized in the mining, aggregate, and construction industries, where they handle medium to very hard materials such as granite, basalt, and iron ore. The economic and demand drivers for cone crushers include the growth in infrastructure development, increased mining activities, and rising demand for aggregates in construction projects. Urbanization and industrialization, particularly in emerging markets, also contribute to the rising demand for cone crushers.

Crushers power source Insights

Based on power source, the market is segmented into diesel, electric, and hybrid. The diesel segment dominated the global market in 2023. The demand for diesel crushers is decreasing primarily due to growing environmental concerns and stringent regulations on emissions. Diesel engines produce significant amounts of greenhouse gases and other pollutants, which has led to a shift towards more environmentally friendly alternatives. Additionally, advancements in electric and hybrid crusher technology have made these options more efficient and cost-effective, further reducing the reliance on diesel-powered equipment. Despite the decline in demand, diesel crushers remain effective and essential in specific types of operations, particularly in remote and off-grid locations where electrical power is not readily available. Their portability and independence from the electrical grid make them ideal for field operations in the construction and mining industries.

Figure 1: Crushers Market, by power source, 2023 & 2032 (USD Million)

Crushers mode of operation Insights

Based on mode of operation, the market is segmented into stationary, and portable. The stationary segment dominated the global market in 2023, while the portable is projected to be the fastest–growing segment during the forecast period. The demand for stationary crushers remains robust due to their capacity to handle large volumes of material with high efficiency and consistency. Stationary crushers are integral to large-scale industrial operations such as mining, quarrying, and aggregate production, where the need for reliable, continuous crushing is paramount. These crushers offer the advantage of greater stability and durability, making them suitable for heavy-duty applications that require long-term performance.

Crushers Application Insights

The application segment of the Crushers Market size includes aggregate, construction, demolition, environmental, industrial, mining, and Other. The construction segment dominated the market in 2023, while the industrial segment is projected to be the fastest–growing segment during the forecast period. In construction applications, several types of crushers are employed to process materials such as concrete, asphalt, and natural stone for building projects, road construction, and infrastructure development. The primary types of crushers used include jaw crushers, cone crushers, impact crushers, and mobile crushers. Each type offers specific advantages that make them suitable for various construction tasks.

Crushers Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia Pacific Crushers market accounted for largest market share in 2023 and is expected to exhibit a significant CAGR growth during the study period. The Asia-Pacific crushers market exhibits significant strengths driven by a large and growing construction industry, particularly in rapidly urbanizing and developing countries like China and India. This growth is supported by continuous technological advancements in crusher technologies, enhancing efficiency and productivity. Additionally, the region benefits from abundant natural resources, such as minerals and ores, which reduce transportation costs and bolster local production. Government support through favorable policies and investments in mining and construction sectors further strengthens the market.

Figure 2: Crushers Market, by region, 2023 & 2032 (USD Million)

Moreover, North America is the second-largest region in the Crushers Market. The North America crushers market boasts several strengths, notably its strong focus on innovation and technological advancements in crusher machinery. This region benefits from the presence of major global crusher manufacturers and well-established distribution networks. There is significant demand for minerals and aggregates driven by the robust construction and infrastructure sectors, supported by favorable government regulations and policies. However, the market faces weaknesses such as high operational costs due to elevated labor and material expenses, and market saturation with intense competition among established players. Moreover, strict environmental regulations can increase compliance costs and limit market expansion.

Additionally, the Europe Crushers Market has grown significantly in recent years. The Europe crushers market demonstrates several strengths, including a well-established industrial infrastructure that supports efficient manufacturing and distribution. The region benefits from advanced technology, showcasing high levels of innovation in crushing equipment, and a robust supply chain with numerous suppliers and distributors. Additionally, the availability of a skilled workforce experienced in heavy machinery and industrial equipment further bolsters the market. Leading global manufacturers are present in Europe, offering high-quality and reliable products that enhance market competitiveness.

Further, the major countries studied in the market report are the U.S., Canada, Mexico, Germany, France, Italy, UK, Spain, Japan, UAE, South Africa, Saudi Arabia, Argentina, and Brazil.

Crushers Key Market Players & Competitive Insight

Many global, regional, and local vendors characterize the Crushers Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.

The major players in the market include Astec Industries, Inc, Dragon Equipments Limited, Eagle Crusher Co., Inc, Wirtgen Group, Komatsu Ltd, Metso Corporation, Sandvik AB, Terex Corporation, Thyssenkrupp AG, and Weir Group, among others. The Crushers Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.

Key Companies in the Crushers Market include.

• Astec Industries, Inc


• Dragon Equipments Limited


• Eagle Crusher Co., Inc


• Wirtgen Group


• Komatsu Ltd


• Metso Corporation


• Sandvik AB


• Terex Corporation


• Thyssenkrupp AG


• Weir Group

Crushers Industry Developments

• In July 2024, Kleemann has launched the new compact NEO mobile impact crusher line in North America. The company says that flexibility, sustainability, quality, and simplicity are at the core of this machine. The MOBIREX MR 100(i) can operate in tight spaces and applications due to its low transport weight and compact dimensions. Operations can range from the processing of concrete, rubble, and asphalt to the processing of soft to medium-hard natural stone.


• In June 2024, Astec has streamlined its operations, prioritized customer focus and laid the foundations for its significant international growth plan. This restructuring has enabled Astec to position itself as a key partner in the materials solutions, construction, and infrastructure sectors by leveraging over a century of proven designs, an impressive portfolio of application experience and thousands of installations across the globe.


• In June 2023, EvoQuip, a United Kingdom-based brand of Terex Corp. that makes crushing and screening equipment, has introduced the Bison 170, the latest addition to its jaw crusher range. The company says the Bison 170’s diesel-electric drive technology makes it a "smart choice for customers aiming to optimize their operations while meeting both economic and environmental goals.

Crushers Market Segmentation

Crushers Market by Type Outlook (USD Million, 2019-2032)

• Cone Crushers


• Impact Crushers


• Jaw Crushers


• Roll Crushers


• Other

Crushers Market by Power Source Outlook (USD Million, 2019-2032)

• Diesel


• Electric


• Hybrid

Crushers Market by Mode of Operation Outlook (USD Million, 2019-2032)

• Stationary


• Portable

Crushers Market by Application Outlook (USD Million, 2019-2032)

• Aggregates


• Construction


• Demolition


• Environmental


• Industrial


• Mining


• Other

Global Crushers Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Spain
  
  
  • Italy
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Middle East and Africa
  
  
  
  • Saudi Arabia
  
  
  • UAE
  
  
  • South Africa
  
  
  • Rest of Middle East and Africa
  
  
  
  


• South America
  
  
  
  • Argentina
  
  
  • Brazil
  
  
  • Rest of South America