Jaw crushers are crushing equipment used in producing material to be transported by belt conveyors to the next stage. It is used in separating minerals from the ore in the mining sector. The global jaw crusher market report compiled by Market Research Future (MRFR) contains drivers, challenges, trends, and opportunities for the period of 2019 to 2025 (forecast period). The outbreak of the COVID-19 virus and its impact on the industry are noted in great detail.
Competitive Outlook
FLSmidth, Terex Corporation, McLanahan, HARTL CRUSHER, ThyssenKrupp, IROCK CRUSHERS, Sandvik AB, and Metso Corporation are key players operating in the global jaw crusher market. Other players include Astec Industries, Inc., WIRTGEN GROUP, The Weir Group PLC, Komatsu Ltd., Lippmann-Milwaukee, Inc., Eagle Crusher Company, Inc., and Westpro Machinery.
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Agg Pro recently provided a customized jaw crusher for Collins Earthworks in the colors of the latter’s logo. Nurturing of relationships and retention of clients can ensure a steady order for players operational in the industry.
Market Scope
The global Jaw Crusher industry is expected to witness a CAGR of around 6.2% during the forecast period. The jaw crusher market size is expected to be valued at USD 1,748 million by the end of the forecast period.
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The market is driven by rise in mining operations and construction projects. Various reforms and regulations aimed at boosting the growth of the real estate sector in countries can trigger the need for jaw crushers. The huge demand for potash, limestone, rock salt, chalk, gemstones, and metals can fuel the demand in the market globally. Furthermore, annual exhibitions and events for showcasing the latest earth crushing equipment by leading players for attracting clients can fare well for the market till 2025.
Segmentation
The global jaw crushers market has been segmented based on swing jaw pivoting position, toggle, and application. On the basis of swing jaw pivoting position, the market has been segmented into Blake jaw crusher, universal jaw crusher, and dodge jaw crusher. The Blake jaw crusher segment held the largest market share of the global jaw crushers market in 2018 and is expected to witness the highest CAGR during the forecast period.
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On the basis of toggle, the market has been segmented into single and double. The double toggle jaw crusher segment held the largest market share of the global jaw crusher market in 2018 and is expected to witness the highest CAGR during the forecast period. Double toggle jaw crushers are generally used for crushing hard abrasive rocks, glass, and ferrous metals.
On the basis of application, the market has been segmented as construction, mining, aggregate, demolition, industrial, and environmental. The construction segment held the largest market share of the global jaw crushers market owing to the various ongoing construction projects in emerging countries.
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Moreover, an increase in real estate investments and the growth in the construction of commercial buildings such as shopping malls, educational institutes, across regions, lead to the demand for jaw crusher equipment around the world. On the other hand, the demolition segment is also anticipated to capture a major market share owing to opening of mines and renewal of various mining licences.
Regional Analysis
The global crusher market has been segmented into regions of North America, Europe, Asia Pacific, and Rest-of-the-World (RoW).
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APAC held the largest share in the global jaw crusher market, followed by North America and Europe in 2018. It is expected to continue its dominance until 2025. The growth of the construction industry and the improvements in economies in this region are expected to drive the growth of the jaw crusher market. Moreover, industrialization and urbanization in emerging economies of India, China, and Japan are expected to contribute significantly to the growth of market.
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