presentation on global stone crushing equipment industry

Introduction

The stone crushing equipment market is set to witness strong growth in the coming years, according to a new research report by Global Market Insights, Inc. The report provides a detailed analysis of the key drivers, restraints, and opportunities for the stone crushing equipment market growth. The study highlights the need for sustainable development in the stone crushing equipment industry and provides insights into how this can be achieved. It also discusses the latest trends and developments in the stone crushing equipment market.

Stone Crushing Equipment Industry Overview

The stone crushing equipment market is expected to register a CAGR of over 8% during the forecast period (2019-2025).

The increasing number of high-rise structures in various parts of the world is expected to drive the stone crushing equipment market. The rise in the number of construction activities across the globe has resulted in the increase in demand for crushed stones. The stone crushing equipment market is witnessing significant growth due to the expansion of its applications in construction and mining industries. Growing infrastructure development activities, such as highways, bridges, canals, etc., are anticipated to boost the demand for crushed stones. Rapid urbanization is also one of the major factors driving the stone crushing equipment market. The surge in population has led to an increase in demand for housing and infrastructural development, which has spurred construction activities globally. This, in turn, is projected to fuel demand for crushed stones during the forecast period.

Market Segmentation

The stone crushing equipment market is highly fragmented with the presence of several major players in the market. The key players in the market include Terex Corporation, liming AB, Metso Corporation, Komatsu Ltd., and Joy Global Inc. These players are engaged in intense competition with each other to gain a larger share of the market.

The global stone crushing equipment market is segmented on the basis of product type, application, and geography.

On the basis of product type, the market is divided into cone crushers, impact crushers, and jaw crushers. Cone crushers are widely used in mining industry for secondary and tertiary crushing applications. Impact crushers are used for processing soft and medium hard materials. Jaw crushers are used for primary crushing of hard materials.

On the basis of application, the stone crushing equipment market is classified into building & construction, mining & quarrying, and recycling. The building & construction segment is anticipated to grow at a CAGR of over 4% during the forecast period. Stone crushing equipments are extensively used in construction activities such as road building, infrastructure development, building & residential projects etc. The mining & quarrying segment is expected to grow at a healthy pace during the forecast period. Growth in this segment is driven by increased demand for crushed stones from Asia-Pacific countries such as China and India for infrastructure development projects such as road construction and railway track laying.

The global stone crushing equipment market has been divided into seven major regions, which include North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa.

The North American region is expected to grow at a substantial rate during the forecast period. This can be attributed to economic growth in countries such as the US and Canada. The stone crushing equipment market in APEJ is anticipated to grow rapidly due to increased infrastructural development projects in countries such as India and China. The MEA region is anticipated to grow at a promising rate on account of growing mining & quarrying industry in this region.

Market Growth Drivers

There are numerous factors that contribute to the growth of the stone crushing equipment industry. One of the primary drivers is the increase in construction and mining activities worldwide. As natural resources such as gravel and stone are extracted from the earth, more crushers are needed to process these materials into smaller sizes for use in construction projects. Additionally, the demand for crushed stone will continue to rise as population growth across the globe drives up the need for infrastructure development, including roads, bridges, and buildings.

Other important market drivers include the replacement of existing crushing equipment with newer, more efficient models and the increasing availability of financing options for small- and medium-sized businesses in this sector. As technology advances and becomes more affordable, stone crushing equipment manufacturers will be able to offer their products to a wider range of customers, resulting in increased sales and revenue growth.

Competitive Landscape

In order to understand the competitive landscape of the global stone crushing equipment industry, it is important to first understand the market size and growth. The global stone crushing equipment market was valued at $XX million in 2018, and is projected to reach $XX million by 2026, growing at a CAGR of XX% during the forecast period.

The major players operating in the global stone crushing equipment market are SBM, KEFID, LIMING, SMM. These companies have a strong hold on the market due to their large product portfolios, extensive research and development activities, and wide geographical reach. However, the entry of new players is expected to provide ample opportunities for market growth over the forecast period.

Porter’s Five Forces Analysis

Porter’s Five Forces Analysis is a model used to analyze the competitive environment in which a company operates. The model takes into account five factors that can affect the company’s ability to compete in its market:

1. Threat of new entrants: The threat of new entrants into the market can impact the company’s profitability. If there are many potential new entrants, it can be difficult for the company to maintain its market share.

2. Bargaining power of buyers: The bargaining power of buyers refers to the ability of customers to negotiate prices with suppliers. If buyers have significant bargaining power, they can press for lower prices, which can erode the company’s profits.

3. Bargaining power of suppliers: The bargaining power of suppliers refers to the ability of suppliers to negotiate prices with buyers. If suppliers have significant bargaining power, they can press for higher prices, which can eat into the company’s profits.

4. Threat of substitutes: The threat of substitutes refers to products or services that offer a similar value proposition as the company’s products or services but at a lower price point. Substitutes can put downward pressure on prices and reduce the company’s profits.

5. Competitive rivalry: Competitive rivalry refers to competition between companies in the same industry vying for market share. This intense competition can make it difficult for companies to earn profits and grow their business.”

Stone Crushing Equipment Market Opportunities and Challenges

The global stone crushing equipment industry is expected to witness significant growth over the forecast period. Stone crushing equipment is used to lower the size, or to change the shape of the raw material mix by breaking down the stones into small pieces, so that they are easily differentiated for the desired end use.

The rapid expansion of infrastructure and construction activities worldwide has been one of the key drivers for the market. Additionally, increasing demand from mining sector is another driver responsible for high growth of this market. However, environmental concerns and strict regulations regarding emissions from stone crushing units are expected to restraint market growth over the forecast period.

Key Recommendations

1. The global stone crushing equipment industry is forecast to grow at a CAGR of over 8% from 2020 to 2027.

2. Major drivers for this market are the rising demand for stone crushing equipment from Asia-Pacific and the growing construction industry in the region.

3. Key players in the market include Corporation, Inc., thyssenkrupp AG, Komatsu Ltd., and Hitachi Construction Machinery Co., Ltd.

4. Some of the major challenges faced by players in the market include the high cost of ownership and lack of trained operators.

Company Profiles

The stone crushing equipment market is expected to witness significant growth over the forecast period. Stone crushing equipment is used to lower the size, or to change the shape of the raw material mix by breaking down the stones into small pieces, so that they are easily differentiated for the desired end use.

The growing adoption of stone crushers in various sectors such as mining, infrastructure & building, highways and railways, will drive the stone crushing equipment market growth over the forecast period. The surge in mining activities in Asia Pacific countries such as China and India has resulted in increased demand for cone crushers, jaw crushers and impact crushers from these regions. Increasing government funding for development of roads and highways will also contribute towards the growth of stone crushing equipment market in Asia Pacific region.

Some of the key players operating in global stone crushing equipment market include Terex Corporation, KEFID Inc., thyssenkrupp AG, Komatsu Ltd., LIMING Construction Machinery Co. Ltd., WIRTGEN GROUP, IROCK Crusher, Astec Industries Inc., McCloskey International Ltd., and Eagle Crusher Company Inc.

Conclusion

The global stone crushing equipment industry is forecast to grow steadily over the next few years. Thanks to the increasing demand for stone crushing equipment, manufacturers are innovating and developing new types of stone crushing equipment to meet the needs of customers. We expect that the global stone crushing equipment market will continue to grow in the coming years, providing new opportunities for businesses operating in this space.