By 2032, Cone Crushers Market reaches $2568.96 Billion with 4.5% CAGR

Cone Crushers Market Size Worth $2,568.96 Million By 2032 | CAGR: 4.5%


The global cone crushers market size is expected to reach USD 2,568.96 million by 2032, according to a new study by Polaris Market Research. The report “Cone Crushers Market Share, Size, Trends, Industry Analysis Report, By Power Source (Electrical, Diesel, and Dual); By Mobility; By End User; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The significant change in crushing and grinding requirements of various industries, including mining, construction, and demolition, in recent years and the growing focus of industries on lowering their operating costs and adopting energy-efficient crushing solutions are primary factors influencing the market growth. Besides this, the applications of cone crushers in road laying and construction are drastically rising, which has been encouraging companies to develop new solutions with improved capabilities and features, which, in turn, generate significant growth opportunities for the market.

  • For instance, in April 2023, Superior Industries announced the expansion of its product line of cone crusher models with two new products, including the Endeavor Cone and the Dakota Cone. The newly designed cone crushers help in bulk material processing and come with several new features like a steel threaded bowl and single-piece cast mainframe.

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In response to the growing emphasis on sustainability and reducing carbon emissions all over the world, some of the major equipment manufacturers have started introducing and presenting hybrid and electric-powered cone crushers that offer several environmental benefits and may also have lower operating costs compared to traditional solutions. Some companies are also focusing on offering specialized cone crushers tailored to specific industries or applications like aggregates, mining, or recycling, which allows them to target niche markets and cater to unique customer requirements.

  • For instance, in April 2022, Sandwik AB announced the launch of its new electrically-driven wheeled crushing and screening series, which offers a comparatively low operational cost per ton and also reduces CO2 emissions.

With the growing number of cone crushers becoming outdated or requiring replacement with newer or upgraded ones with enhanced capabilities and features, the demand for new and advanced energy-efficient equipment solutions is likely to increase substantially. It can generate huge opportunities for companies to cater to this growing demand globally.

Cone Crushers Market Report Highlights

  • In 2022, the diesel segment held the largest market share, mainly accelerated by its beneficial characteristics, including easy availability and mobility.
  • The mining segment is expected to witness the fastest CAGR during the forecast period because of the surge in need and demand for minerals and metals from various end-user industries worldwide.
  • In 2022, the North American region held the largest market, owing to the region’s higher investment in infrastructure repair & maintenance and adoption of energy-efficient solutions.
  • The key market players include Metso Corporation, NMS Industries, R.R. Equipment Company, Tesan Engineering, Sandvik, Weir Group Plc, etc.

Polaris Market Research has segmented the cone crushers market report based on power source, mobility, end use, and region:

Cone Crushers, Power Source Outlook (Revenue - USD Million, 2019 - 2032)

  • Electrical
  • Diesel
  • Dual

Cone Crushers, Mobility Outlook (Revenue - USD Million, 2019 - 2032)

  • Stationary
  • Portable-Wheeled
  • Portable-Tracker Mounted

Cone Crushers, End Use Outlook (Revenue - USD Million, 2019 - 2032)

  • Mining
  • Construction
  • Recycling

Cone Crushers, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Cone Crushers Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 1,727.21 million

Revenue forecast in 2032

USD 2,568.96 million

CAGR

4.5% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments covered

By Power Source, By Mobility, By End Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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