The 2017 Stone Crushing Equipment Market forecast report focuses on regional growth for 15+ countries, leading industry companies, applications of Stone Crushing Equipment and more with an aim to help take business decisions.
High adoption of this machinery across various areas, such as mining, construction & building, highways, railways, and metallurgy, will spur the industry growth over the forecast time span. Increasing construction activities across the globe due to rising urbanization have resulted in the increased production of this machinery, positively impacting the industry.
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Lack of skilled labor may act as a challenge for the stone crushing equipment market players over the forecast time span. Rising prices of crushing equipment across the globe will further hamper the industry growth. High initial investments on the machinery will also have a negative impact on the industry players. Fugitive emissions during mining (excavation, blasting, and drilling), screening, and crushing operations will pose a threat to the industry growth till 2024.
Stone crushing equipment is located near large construction projects on the outskirts of the city, where it is required at a larger scale. Manufacturers are continuously focusing on technological advancements in the machinery to fulfill the mandatory standards for emission reduction. Mobile cone crusher is an innovation that has gained prominence in the stone crushing equipment market recently. It is equipped with mobility feature and can move anywhere and start working instantly.
Asia Pacific has forced the manufacturers to develop the machinery that complies with these regulations. For instance, In India, Gujarat Pollution Control Board (GPCB) has mandated a few environmental guidelines for stone crushing units. A few of them include suppression cum dust containment system for the equipment, wind breaking wall construction especially at crushing place & charging hopper, and regular ground wetting within the premises.
By application, the stone crushing equipment market is classified into quarrying, mining, recycling, and others. Quarrying will witness a significant growth owing to the rising quarrying activities across the globe, especially in the developed countries of North America. The revenue generation is attributed to heavy domestic demand for crushed stone by the construction industry.
North America is anticipated to rise owing to increasing demand from commercial and residential construction activities coupled with rising expenditure on road and highway construction across the region. The presence of established players will give an edge to stone crushing equipment market growth in the region. Asia Pacific will hold a significant share owing to increasing infrastructure development activities in emerging economies including China and India.
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Metso Oyj, Terex Corporation, Joy Global, CNH Global N.V., Caterpillar, Inc., BUCY International, and Sandvik AB are among the notable players in the stone crushing equipment market. Industry players are focusing on new product launches and regular innovations to gain a competitive edge and gain a foothold in the industry. For instance, in August 2017, Terex Corporation launched C-1540 mobile cone crusher that offers significant reduction ratios with high output capacity.
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