Crushers Market by Application (Mining, Metallurgy, Chemical Industry, Construction, and Others), Type (Jaw Crusher, Gyratory Crusher, Cone Crusher, Others), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits - Forecast 2024 – 2032

Crusher Market Size reached USD 1.9 Billion in 2023 and is projected to grow to USD 2.97 Billion by 2030, with a compound annual growth rate (CAGR) of 5.10% during the forecast period (2023-2030). The market growth is driven by increased demand for minerals and commodities, as well as growing mining and construction activities in developing countries.

Crusher Market Trends:
• Rising mining and infrastructure industries are fueling market growth.
The increasing mining and infrastructure industries are driving the growth of the crusher market. The surge in infrastructural development projects such as railways, dams, airports, expressways, and national highways, along with construction activities in developing and developed countries, is boosting market growth. The growing demand for metals and commodities is also contributing to the demand for crushers in the mining industry. The number of mining industries is witnessing significant growth.

Automation in the mining and construction sectors has further boosted market growth, as the use of crushers reduces transportation costs and enhances productivity. The expanding urbanization is positively impacting the construction and infrastructure development sectors, thereby driving the market for mobile crushers. Large-scale foreign investments in infrastructure development, particularly in the Asia Pacific region, have fueled the demand for crusher systems. Governments in this region are increasingly investing in various construction projects. The utilization of portable crushing plants significantly reduces the time and expenses associated with transporting stones or mineral ore to fixed mobile crushing plants. The road and railway sectors have witnessed increased mining activities and demand for aggregates processing equipment.

Jaw crushers find wide applications in the mining sector, as they have the ability to efficiently crush harder and more abrasive materials like copper and granite. The demand for jaw crushers is expected to grow due to the rising mining projects aimed at meeting the demand for coal, minerals, and other resources. Mobile crushers are also experiencing rapid growth due to the rising operational costs, shortage of skilled labor, and increasing demand for machines with advanced technology that offer more efficient processing methods. Mobile crushers can be easily adjusted to produce accurate output sizes suitable for different applications. These crushers have low fuel consumption and provide improved safety for workers due to their ergonomic design, thus driving the revenue of the Crusher market.

However, the crusher industry faces infrastructural challenges in developing countries, such as power shortages, inadequate rail and airport links, and poor road conditions, which hinder market growth. Additionally, most of the currently used equipment operates on diesel and emits high carbon emissions, posing a significant challenge due to strict carbon regulations.

Crusher Market Segment Insights:
Crusher Type Insights:

The segmentation of the crusher market based on type includes Jaw Crusher, Gyratory Crushers, Cone Crusher, and Others. The jaw crusher segment dominates the market, generating the largest market revenue due to the increasing mining projects aimed at meeting the demand for coal, minerals, and other resources. Jaw crushers are widely used in various crushing applications, primarily in mining and construction, as well as in waste management and recycling processes. Materials such as copper and granite in mining areas are harder and more abrasive, making manual breakdown impractical. Therefore, jaw crushers are employed for their high efficiency in processing such materials.

Crusher Application Insights:

The segmentation of the crusher market based on application includes Mining, Metallurgy, Chemical Industry, Construction, and Others. The construction segment holds the largest market share as crushers are extensively used to reduce the size of large gravel or rocks in accordance with construction requirements. The global increase in residential and commercial construction activities, driven by significant investments by various governments in infrastructure development such as bridges, roads, and railways, contributes to the demand for jaw crushers.

Crusher Regional Insights:

The study provides market insights for North America, Europe, Asia-Pacific, and the Rest of the World. The North American crusher market is expected to dominate due to the growth in the construction industry and increased mining activities, driven by population growth and a thriving economy. The United States is the largest contributor, followed by Canada, in the North American crusher market.

Among the major countries analyzed in the market report are the United States, Canada, Germany, France, the United Kingdom, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

The Asia-Pacific crusher market holds the second-largest market share, driven by the booming construction business, improved economic conditions, urbanization, and industrialization in developing countries. China has the largest market share in the crusher market within the Asia-Pacific region, while the Indian crusher market is experiencing the fastest growth.

The European crusher market is expected to grow at the fastest compound annual growth rate (CAGR) from 2023 to 2030, as the region is a major producer and consumer of crushed stone. Germany holds the largest market share in the European crusher market, while the United Kingdom has the highest growth rate.

Crusher Key Market Players & Competitive Insights:

Prominent market players are making substantial investments in research and development to expand their product portfolios, thereby driving further growth in the Crusher market. These players are also engaged in various strategic initiatives to enhance their market presence, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaborations with other organizations. Offering cost-effective products is crucial for the Crusher industry to thrive in a competitive and growing market environment.

Manufacturing locally to minimize operational costs is a key business strategy employed by manufacturers in the Crusher industry to benefit customers and capture a larger market share. In recent years, the Crusher industry has played a vital role in industrialization, offering significant advantages. Major players in the Crusher market, such as Metso Corporation, Sandvik AB, McCloskey International, FLSmidth, Weir Minerals, Eagle Crusher Company Inc., Terex Corporation, Thyssenkrupp AG, and others, are striving to increase market demand through investments in research and development.

Metso Corporation is a leader in sustainable technologies, providing comprehensive solutions and services for the aggregates, minerals processing, and metals refining industries. The company focuses on enhancing customer energy and power efficiency, increasing productivity, and minimizing environmental risks through its products and process expertise. In October 2021, Metso Outotec expanded its Lokotrack screening and crushing equipment range by introducing two new mobile cone crushers. These machines, designed for construction aggregates, offer 30% more capacity than previous models. Powered by a Cat C9.38 power transmission, the LT 220GP and LT200HPX feature a new chassis that allows customers to choose between two high-capacity cone crusher options: the GO220 or the Nordberg HP200 cone crusher, both of which are effective for hard rock crushing. Additionally, the company collaborated with Larsen & Turbo Limited to supply four Symons cone crushers for an iron ore screening and crushing plant located in the National Mineral Development Corporation (NMDC) at Kirandul complex in Chhattisgarh, central India.

McCloskey International, a part of Metso Outotec Corporation, is a leading industrial company providing equipment and services for the aggregates, mining, recycling, and process industries. The company offers a comprehensive line of crushing and screening equipment, including screeners, crushers, trommels, and stacking conveyors. Established in 1985 and headquartered in Ontario, Canada, McCloskey International introduced the new C2C Compact Cone Crusher at Hillhead 2022 in June 2022. This compact cone crusher, powered by the MC200 cone, offers operators high maneuverability and portability while increasing productivity.

Key Companies in the Crusher market include
• Metso Corporation
• Sandvik AB
• McCloskey International
• FLSmidth
• Weir Minerals
• Eagle Crusher Company Inc.
• Terex Corporation
• ThyssenKrupp AG

Crusher Industry Developments
April 2022: The supply of a complete flowsheet of equipment was announced by FLSmidth to a greenfield gold mine in Northern Canada. The supply will contain a jaw crusher, cone crusher, ball mills, cyclones, and other types of equipment.
April 2023: The investment in the jaw crusher called Goliath, which is a mobile unit of Sandvik Group, was made by Colorado Materials Inc. This jaw crusher is powered electrically and offers low-cost-per-ton solutions with environmental benefits.
December 2021: The upgradation of a new range of Trio TC live-shaft cone crushers equipment was announced by Weir Minerals. With this upgradation, Trio TC84XR will now be able to feature robust design elements making it adaptable for mining and sand and aggregate industries.

Crusher Market Segmentation
Crusher Type Outlook
• Jaw Crusher
• Gyratory Crusher
• Cone Crusher
• Others

Crusher Application Outlook
• Mining
• Metallurgy
• Chemical Industry
• Construction
• Others

Crusher Regional Outlook
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Australia
o Rest of Asia-Pacific
• Rest of the World
o Middle East
o Africa
o Latin America