Cone Crushers Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Cone Crushers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Cone Crushers Global Market Report 2024, The cone crushers market size has grown strongly in recent years. It will grow from $2.31 billion in 2023 to $2.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to urban infrastructure development, research and development in crushing machinery, economic growth, growth in the mining industry.

The cone crushers market size is expected to see strong growth in the next few years. It will grow to $3.13 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increasing demand for aggregates, growing road construction activities, growing use of mobile and wireless crushers, infrastructure development. Major trends in the forecast period include product innovation, automation and remote monitoring, integration of IoT and data analytics, advancements in technology.

Growth in demand for construction and infrastructure developments is significantly contributing to the growth of the cone crushers market going forward. Construction refers to the activity of constructing buildings and infrastructure. Cone crushers are used in the construction industry to reduce the size of raw materials and feed, as a result, construction activity would create more demand for cone crushers. For instance, in March 2023, according to a report published by the Office for National Statistics, a UK-based producer of official statistics, in the fourth quarter of 2022, quarterly construction production increased by 0.3% compared to the third quarter of 2022. Additionally, after a record growth in 2021 of 12.8%, the annual production of construction climbed by 5.6% in 2022 compared to 2021. Therefore, increasing demand for construction and infrastructure developments will drive the cone crushers market.

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The cone crushers market covered in this report is segmented –

1) By Type: Symons, Hydraulics, Gyrator

2) By Offering: Mobile Crushers, Portable Crushers, Stationary Crushers

3) By Power Source: Electric Connection, Diesel Connection, Dual Connection

4) By End-Users: Mining and Metallurgy, Aggregate Processing, Construction, Demolition

Major companies in the cone crusher market are concentrating on the development of technologically advanced products, such as live-shaft cone crushers, to meet the evolving demands of the industry. Live-shaft cone crushers are crushers with a rotating shaft in real-time operation, providing dynamic crushing capabilities in various industrial applications. For instance, in December 2021, Weir Minerals, a UK-based machinery industry company, enhanced its lineup of Trio TC live-shaft cone crushers with the introduction of the Trio TC84XR. This model retains the robust design characteristics that have established live-shaft crushers as mainstays in the mining, sand, and aggregate industries over generations, while integrating the latest technology to ensure their relevance in future flowsheets. The live-shaft design of Trio TC cone crushers, featuring advanced hydraulics, wear-resistant materials, and cutting-edge technology, has demonstrated exceptional performance in demanding secondary and tertiary crushing applications. Engineered for reliability, ease of maintenance, and optimal operation, the Trio TC84XR crusher excels in heavy-duty scenarios, delivering high crushing force and horsepower in primary, crushed ore, and quarry rock applications.

The cone crushers market report table of contents includes: