Global Hydraulic Breakers Market 2018-2022
About Hydraulic Breakers
Hydraulic breakers are a type of mining drills that are used to break hard surfaces and big rocks. They are extensively used in the mining and construction industry.
Technavio’s analysts forecast the global hydraulic breakers market to grow at a CAGR of 3.47% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global hydraulic breakers market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of hydraulic breakers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hydraulic Breakers Market 2018-2022
Technavio recognizes the following companies as the key players in the global hydraulic breakers market: Atlas Copco, Boart Longyear, Caterpillar, Komatsu, and Sandvik.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is energy-efficient mining processes. Mining activities can be transformed into environment-friendly activities. This can be done by developing strategies and mining practices that are environment-friendly, and integrating these practices to reduce the harmful environmental impact created by mining activities. This trend includes the introduction of mining equipment that emits less harmful particles.”
According to the report, one of the major drivers for this market is International events in first-time hosting countries. During 2017- 2025, there are various international sporting events to be held in countries that have never hosted similar events in the past. This will be a great potential opportunity for real estate and construction activities in such regions, as infrastructure requirements including stadiums, tracks, training facilities, games villages (residential areas) will be set up from scratch. There are 55 major high-cost sporting events to be held from 2017 to 2025 worldwide, with an estimated investment requirement of billions of dollars.
Further, the report states that one of the major factors hindering the growth of this market is Increasing trend of renewable energy sources. Environmental regulatory policies in developed countries focusing on clean energy initiatives are expected to impede the demand for conventional energy developing methods such as thermal energy production, which can lower the demand for coal. Reduction in carbon emissions will also exert pressure on industries to use renewable energy sources.
Atlas Copco, Boart Longyear, Caterpillar, Komatsu, and Sandvik.
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