Global Crushing Equipment Market 2017-2021
About Crushing Equipment
Crushing equipment is a type of construction equipment that is designed to crush large-sized materials, such as minerals and rocks, into finely crushed materials, such as rock dust and sand. Apart from reducing the size, crushers can also be used to recycle waste materials. The crushing equipment can change the form of waste materials so they can be easily recycled and disposed of. It can also be used to differentiate different compositions of a solid mix of raw materials by reducing the size of it, enabling the separation of different particles based on their size.
Technavio’s analysts forecast the global crushing equipment market to grow at a CAGR of 3.05% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global crushing equipment market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Crushing Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global crushing equipment market: Eagle Crusher Company, Metso, Sandvik, and Terex.
Other Prominent Vendors in the market are: SHANGHAI SHIBANG MACHINERY (SBM), Zhejiang Shuangjin Machinery Holdings, IROCK CRUSHERS, R.R. EQUIPMENT, MORMAK EQUIPMENT, SCREEN MACHINE INDUSTRIES, Superior Industries, Zhengzhou YiFan Machinery, Mark & Wedell, Lippmann Milwaukee, Global Crushers, Triaso, Kleemann, Puzzolana, The Weir Group, Stedman Machine Company, REMco, Astec Industries, McLanahan, Retsch, FLSmidth, ELRUS Aggregate Systems, Bico Braun International, thyssenkrupp, Gujarat Apollo Industries, Tesab Engineering, McCloskey International, TORSA MACHINES, Minyu Machinery, and Kawasaki Heavy Industries.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is demand for crushing equipment with less carbon emissions. The construction equipment emits more hydrocarbons (HC), nitrogen oxides (NOx), carbon monoxide (CO), and particulate matter (PM) than highway vehicles. The emission of such harmful pollutants by construction equipment has forced pollution control boards and environmental bodies of different countries to plan strict norms of emissions for construction equipment.”
According to the report, one driver in the market is use of artificial sand for construction work. Construction and infrastructure projects make use of river sand. River sand provides strength, bulk, and adhesive properties to construction materials, such as cement, brick, asphalt, and concrete. It is also used for landscaping projects. However, since 2010, many regional governments and countries, such as Cambodia and India, have banned the export of river sand. This is because sand mining results in the erosion of river banks and negatively impacts biodiversity. Also, river sand is exhausting rapidly because of extensive mining.
Further, the report states that one challenge in the market is increased popularity of rental construction equipment. Most crushing devices are very costly, especially tracked excavators that require high initial investments. Thus, it is very difficult for mining companies to buy new crushing equipment for mining projects that are of a low scale or budget, and are of short duration. As a result, the trend of rental construction equipment is gaining popularity globally. Mining companies that have high pressures to reduce costs of projects rent the crushing equipment on a weekly basis, based on their requirements. This practice reduces the cost incurred by mining companies as the cost of buying new crushing equipment and maintaining them for an extended period is cut down.
Eagle Crusher Company, Metso, Sandvik, Terex, SHANGHAI SHIBANG MACHINERY (SBM), Zhejiang Shuangjin Machinery Holdings, IROCK CRUSHERS, R.R. EQUIPMENT, MORMAK EQUIPMENT, SCREEN MACHINE INDUSTRIES, Superior Industries, Zhengzhou YiFan Machinery, Mark & Wedell, Lippmann Milwaukee, Global Crushers, Triaso, Kleemann, Puzzolana, The Weir Group, Stedman Machine Company, REMco, Astec Industries, McLanahan, Retsch, FLSmidth, ELRUS Aggregate Systems, Bico Braun International, thyssenkrupp, Gujarat Apollo Industries, Tesab Engineering, McCloskey International, TORSA MACHINES, Minyu Machinery, and Kawasaki Heavy Industries.
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