Stone Crushing Equipment Market Introduction 

Stone crushing equipment is used to reduce the size, or change the form, of raw material mix by breaking down the stones into small pieces, so that they are easily differentiated for the proper end use. The crushing equipment is made up of metal surfaces that are capable of compressing materials, such as stones, into small sizes. The machines are also used for crushing different types of hard rocks, including granite, basalt, limestone, and river stone.The stone crushing equipment market is primarily driven by factors such as the rise in demand for construction activities across the globe, the growth in mining activities, and the increasing demand for aggregates. The demand for stone crushing equipment is also expected to increase due to the increasing emphasis on the development of infrastructure such as railways, highways, and ports, among others.The stone crushing equipment market is segmented based on type, end-user, and region. Based on type, the market is segmented into jaw crushers, cone crushers, impact crushers, and others. Based on end-user, the market is segmented into mining, quarrying, recycling, and others. Regionally, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Stone Crushing Equipment Market Size

The global stone crushing equipment market size was valued at USD 5.0 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.3% from 2020 to 2027. The growth of the stone crushing equipment market is attributed to the increasing infrastructure development across the globe, the rising number of construction activities, and the increasing mining activities.Additionally, the growth in demand for aggregates for various construction activities is also contributing to the market growth. Furthermore, the increasing investments in the development of road and railway infrastructure in developing countries are also expected to create lucrative opportunities for the growth of the market.Based on type, the jaw crushers segment accounted for the largest share of the stone crushing equipment market in 2019, owing to their ability to crush all types of materials, including the hardest rocks. Based on end-user, the mining segment dominated the market in 2019 due to the increasing demand for minerals and metals from various end-use industries.Regionally, Asia Pacific dominated the stone crushing equipment market in 2019 and is expected to continue its dominance throughout the forecast period. The growth of the market in this region is attributed to the presence of developing economies, such as China and India, which are investing heavily in infrastructure development. North America and Europe are also expected to witness significant growth in the market due to the increasing demand for aggregates in the construction industry.

Stone Crushing Equipment Market Share

The stone crushing equipment market is highly fragmented with several global and regional players operating in the market. Some of the key players operating in the market include Terex Corporation, Komatsu Ltd., Metso Corporation, Joy Global Inc., Sandvik AB, and Thyssenkrupp AG, among others.In terms of market share, Terex Corporation and Metso Corporation are the leading players in the market, owing to their strong global presence and diverse product portfolio. These companies are focusing on expanding their market share through strategic acquisitions, partnerships, and collaborations with other players in the market.Additionally, local players are also emerging in the market, especially in developing regions such as Asia Pacific and Latin America. These players are focusing on offering low-cost and efficient stone crushing equipment to meet the growing demand from the construction and mining industries.Based on type, the jaw crushers segment accounted for the largest share of the stone crushing equipment market in 2019. This can be attributed to the ability of jaw crushers to crush all types of materials, including the hardest rocks, which makes them highly versatile equipment.Based on end-user, the mining segment dominated the market in 2019, owing to the increasing demand for minerals and metals from various end-use industries. This segment is expected to continue its dominance throughout the forecast period, due to the growth in mining activities across the globe.

Stone Crushing Equipment Market Trends

Some of the key trends in the stone crushing equipment market include:

Automation and digitalization: The increasing adoption of automation and digitalization in the stone crushing equipment industry is expected to improve operational efficiency and reduce downtime. Automation technologies such as remote monitoring, predictive maintenance, and advanced control systems are increasingly being used in stone crushing equipment to enhance productivity and optimize operations.

Sustainable practices: The stone crushing equipment industry is increasingly focusing on sustainable practices to minimize environmental impact. Companies are adopting green practices such as the use of alternative fuels and the development of equipment that is energy-efficient and generates less noise and dust pollution.

Mobile crushers: The demand for mobile crushers is increasing due to their flexibility, mobility, and efficiency. Mobile crushers are highly efficient and can be easily transported from one site to another, which makes them ideal for use in mining and construction sites.

Use of advanced materials: Manufacturers are increasingly using advanced materials such as high-strength steel, composite materials, and wear-resistant alloys to improve the durability and performance of stone crushing equipment.

Use of telematics: The integration of telematics technology in stone crushing equipment is enabling real-time monitoring and control of equipment, which is helping to reduce downtime and optimize maintenance schedules.

Overall, these trends are expected to continue shaping the stone crushing equipment market, driving innovation and improving efficiency in the industry.

Stone Crushing Equipment Market Driving Factors

Some of the key driving factors in the stone crushing equipment market include:

Growing demand from the construction and mining industries: The stone crushing equipment market is driven by the growing demand from the construction and mining industries, especially in developing countries such as China, India, and Brazil. The increasing urbanization and infrastructure development activities in these countries are driving the demand for stone crushing equipment.

Increasing investment in infrastructure development: Governments across the globe are investing heavily in infrastructure development projects such as highways, railways, and airports, which is driving the demand for stone crushing equipment.

Growing demand for recycled materials: The increasing demand for recycled materials in the construction industry is driving the demand for stone crushing equipment. Stone crushing equipment is used to crush waste materials and recycle them for use in construction applications.

Technological advancements in stone crushing equipment: Manufacturers are focusing on developing advanced stone crushing equipment that offers improved efficiency, productivity, and safety. Technological advancements such as advanced control systems, automation, and telematics are helping to improve the performance of stone crushing equipment.

Increasing focus on operational efficiency: Stone crushing equipment manufacturers are increasingly focusing on improving the operational efficiency of their equipment to reduce downtime and improve productivity. This is driving the demand for advanced equipment that offers better reliability, durability, and performance.

Overall, these factors are expected to drive the growth of the stone crushing equipment market in the coming years. 

Stone Crushing Equipment Market Regional Analysis

The stone crushing equipment market is analyzed on a regional basis to understand the market trends, drivers, and challenges across different regions. The key regions covered in the analysis include:

North America: The stone crushing equipment market in North America is driven by the growing demand for infrastructure development activities, such as highways, roads, and bridges. The presence of major construction and mining companies in the region is also driving the demand for stone crushing equipment.

Europe: The stone crushing equipment market in Europe is driven by the growing demand for construction activities, such as residential and commercial buildings, and infrastructure development projects, such as highways and railways. The increasing adoption of advanced technologies, such as automation and digitalization, is also driving the growth of the market in the region.

Asia Pacific: The stone crushing equipment market in Asia Pacific is driven by the growing demand from the construction and mining industries, especially in emerging economies such as China and India. The increasing focus on infrastructure development activities and the use of recycled materials in the construction industry are also driving the growth of the market in the region.

Latin America: The stone crushing equipment market in Latin America is driven by the growing demand for infrastructure development activities and the increasing adoption of advanced technologies in the mining industry. The presence of major mining companies in the region is also driving the demand for stone crushing equipment.

Middle East and Africa: The stone crushing equipment market in the Middle East and Africa is driven by the growing demand for infrastructure development activities, such as highways, airports, and railways. The increasing adoption of advanced technologies, such as automation and telematics, is also driving the growth of the market in the region.

Overall, these regions are expected to continue driving the growth of the stone crushing equipment market in the coming years, driven by increasing demand from the construction and mining industries and the adoption of advanced technologies.

Stone Crushing Equipment Market Forecasts 2030 

The stone crushing equipment market is expected to grow at a CAGR of over 8% during the forecast period from 2021 to 2030. The market is driven by the growing demand for infrastructure development activities, such as roads, highways, and bridges, in emerging economies. The increasing focus on sustainable construction and the use of recycled materials in the construction industry is also driving the growth of the market. Additionally, the growing demand for stone crushing equipment in the mining industry is expected to drive market growth.Based on type, the cone crushers segment is expected to dominate the market during the forecast period, owing to their ability to crush various types of materials efficiently and reduce operating costs. The jaw crushers segment is also expected to grow significantly during the forecast period, owing to their high efficiency, low maintenance, and long service life.In terms of application, the construction segment is expected to dominate the market during the forecast period, owing to the increasing demand for stone crushing equipment in the construction of residential and commercial buildings, as well as infrastructure development projects such as highways, roads, and bridges. The mining segment is also expected to grow significantly during the forecast period, owing to the increasing demand for stone crushing equipment in the mining industry.Geographically, the Asia Pacific region is expected to dominate the market during the forecast period, owing to the growing demand for stone crushing equipment in the construction and mining industries in emerging economies such as China and India. The increasing focus on infrastructure development activities, such as highways, airports, and railways, in the region is also driving the growth of the market.Overall, the stone crushing equipment market is expected to continue growing during the forecast period, driven by the increasing demand from the construction and mining industries, the adoption of advanced technologies, and the growing focus on sustainable construction practices.

Stone Crushing Equipment Market Key Industry Players

Some of the key industry players operating in the stone crushing equipment market include:

Metso Corporation

Sandvik AB

Terex Corporation

Caterpillar Inc.

Komatsu Ltd.

Joy Global Inc.

CNH Global N.V.

Eagle Crusher Company Inc.

McLanahan Corporation

Thyssenkrupp AG

These companies are adopting various strategies such as mergers and acquisitions, partnerships, collaborations, and product innovations to strengthen their market position and expand their product portfolio. For instance, in January 2021, Metso Outotec announced the launch of a new line of mobile and modular crushing systems aimed at the aggregate and mining sectors. Similarly, in 2019, Sandvik AB acquired the Canadian mobile crushing and screening equipment manufacturer, P.J. Jonsson & Söner, to expand its product offerings and strengthen its market position in North America.