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Cone Crusher Market Growth Accelerated By Higher Demand For Crushed Mineral Products

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Leena Shedmake
Cone Crusher Market Growth Accelerated By Higher Demand For Crushed Mineral Products

Cone crushers are heavy-duty machines used in mining and other industrial applications for crushing and size reduction of minerals, rocks and slag. The cone crusher's mechanical action has a high capacity enabling size reduction of hard and abrasive materials. The demand for crushed minerals is growing drastically across various industries such as construction, infrastructure, mining and others which is augmenting the growth of the global cone crusher market.

The global cone crusher market is estimated to be valued at US$ 1811.13 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:


The growing demand for crushed mineral products from construction industry is the primary factor driving the growth of the cone crusher market. Construction activities escalating across both developed and emerging economies due to rapid urbanization has increased the need for aggregates which requires large scale crushing of stones and minerals. According to recent data, the global construction industry is expected to grow over 4% during the forecast period requiring gigantic amounts of aggregates. This rising demand is prompting construction companies and mineral processors to add more cone crushers to their existing crushing fleets thereby propelling the cone crusher market growth.

Segment Analysis


The global cone crusher market is dominated by the mid-sized cone crusher sub segment. Mid-sized cone crushers account for around 45% of the overall market share as they are versatile and ideal for secondary and tertiary crushing in mining and aggregate production. They have high reduction and improved throughput for operations requiring reduced product size for sale or further processing.


Key Takeaways


The Global Cone Crusher Market Demand is expected to witness high growth. It is projected to grow from US$ 1811.13 Mn in 2024 to US$ 4231.47 Mn by 2030, registering a CAGR of 8.6% during the forecast period.


Regional analysis: The Asia Pacific region currently dominates the global cone crusher market with a market share of around 35% in 2024. Countries like China, India and other emerging economies are witnessing rapid infrastructure development which is driving the demand for cone crushers in this region. In addition, the mining industry is growing significantly in countries like Australia and Indonesia, which is further propelling the regional market growth.

Key players operating in the cone crusher market include Wood plc, WorleyParsons, Fluor Corporation, Aecom, Jacobs, SNC-Lavalin, Hatch Ltd, Bechtel Corporation, KBR Inc, TechnipFMC, Chicago Bridge & Iron Company, Hyundai Engineering & Construction, McDermott International Inc, National Projects Construction Corporation, Galfar, Tecnicas Reunidas, Saipem, Daewoo E&C, Petrofac Ltd, Samsung Engineering. Wood plc currently has the largest market share of around 15% owing to its strong geographic presence and wide product portfolio.

Explore more information on this topic, Please visit-

https://www.marketwebjournal.com/cone-crusher-market-growth-and-trnds-analysis-share-size-demand-forecast/ 

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https://www.newsintv.com/sports/eurothrills-unleashing-sporting-excellence-with-europes-finest-gear-and-game/ 

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