Region : Global | Format: PDF | Report ID: BRI110611 | SKU ID: 19885964
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The global jaw crushers market size was USD 1948.7 million in 2021 and the market is projected to touch USD 2944.5 million by 2032 at a CAGR of 3.8%during the forecast period.
The heavy-duty jaw crusher is primarily used to reduce huge boulders into smaller rocks, gravel, or rock dust. A jaw crusher typically consists of two vertical, V-shaped jaws, one of which is stationary and the other of which is movable. With the aid of a pitman mechanism or cam, the movable jaw can move forward and backward relative to the fixed jaw. The material is crushed to the required size as a result of the material being compressed against the fixed jaw. The material is released via the discharge aperture at the bottom of the machine once it has been crushed to the appropriate size. The crushed material size is controlled by altering the discharge opening's size.The main industries for jaw crushers are mining, metallurgy, building and demolition, water conservation, and waste management.
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The pandemic's economic uncertainty, lockdowns, and social distancing measures had an impact on mining and construction operations. Projects were halted or postponed, which affected the market for machinery like jaw crushers. Global supply chains were disrupted by the epidemic, which had an impact on the manufacture and delivery of machinery and equipment, including jaw crushers. Obtaining components and raw materials proved difficult for manufacturers, which resulted in delays and even shortages.
"Technological Advancements and Urbanization to Enlarge the Market Share"
In the mining and construction equipment sector, constant innovation in design and technology has become the norm. Jaw crushers are becoming more and more equipped with cutting-edge technologies like automation, Internet of Things connectivity, and digital monitoring to increase productivity and minimize maintenance. Housing and related building operations are always needed as global urbanization progresses. The provision of building materials for both residential and commercial structures is facilitated by jaw crushers.
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Based on type the global market can be categorized into less than 300tph, 300tph-800tph, more than 800tph and others.
Based on application the global market can be categorized into minning, construction and others.
"Mining Growth and Mineral Exploration to Shoot Up the Market Growth"
Jaw crushers are mostly used in the mining sector, where they are vital for the crushing of ores and minerals, as well as other hard and abrasive materials. Jaw crushers are an essential part of an effective ore processing system because of the need for minerals and metals. The need for jaw crushers is fueled by resource exploration and extraction. As mining locations continue to be discovered and expanded, there is an ongoing demand for effective crushing equipment.
"Infrastructural Development and Construction Activities to Multiply the Market Share"
An increase in infrastructure projects, such as building and road construction, as well as other civil engineering projects, drives up demand for aggregates. For the production of crushed materials needed for infrastructure development projects, jaw crushers are essential. The need for building materials rises as a result of government efforts and investments in infrastructure projects, particularly in emerging nations. Jaw crushers play a part by supplying the required crushed aggregates.
"Hardness of Materials and Particle Shape Limitations to Hammer the Market Growth"
Jaw crushers may experience severe wear from materials that are extremely hard or abrasive. Elevated levels of wear might result in regular wear part replacement and maintenance, which can affect total operating expenses. More elongated or flaky particles may be produced by jaw crushers, particularly when processing abrasive and hard materials. This restriction on particle form might affect the quality of some finished goods, such aggregates for concrete. Hence, such factors are expected to hinder the jaw crushers market growth during the forecast period.
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"Asia Pacific with Rapid Industrialization and Infrastructural Development to Dominate the Market Growth"
The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
The Asia Pacific dominated the global jaw crushers market share in terms of revenue with a share of more than half. Because the area is home to important mining and construction markets like China, India, Australia, and Japan, it is expected to experience tremendous expansion. Additionally, during the course of the projection period, it is projected that regional product demand would be driven by the growing need for industrial minerals from different end-use sectors, including electronics. This region is rapidly becoming more industrialized, urbanized, and infrastructure-rich, which has increased demand for durable crushing equipment.
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
Important industry players have a big impact on the market and are crucial in determining customer preferences and market dynamics. These major firms provide consumers easy access to a vast array of clothing alternatives through their huge retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also enhanced consumer trust and loyalty. These industry titans also consistently fund R&D, bringing cutting-edge designs, materials, and clever features to jaw crushers to meet changing customer demands and preferences. These big businesses' combined efforts have a big impact on the market's future direction and level of competition.
February 2023: The request for a name change from Metso Outotec Corporation to Metso Corporation was made public by the board of directors of Metso Outotec.The suggestion was justified by the fact that the two businesses' post-merger integration was complete and that the company's future strategy would center on building a powerful, cohesive brand. The proposal was to be voted on by shareholders at the annual general meeting on May 3, 2023.
The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.
The global jaw crushers market is expected to reach USD 2944.5 million by 2032.
The jaw crushers market is expected to exhibit a CAGR of 4.9% by 2032.
Mining growth, mineral exploration, construction activities and infrastructural development are the driving factors of the market.
The key market segmentation that you should be aware of, which include, Based on type the market is classified as less than 300tph, 300tph-800tph, more than 800tph and others. Based on application the market is classified as minning, construction and others.
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