PUBLISHER: Market Research Future | PRODUCT CODE: 1525920
PUBLISHER: Market Research Future | PRODUCT CODE: 1525920
Asia Pacific Crusher Market Research Report Data by product type (cone crushers, gyratory crushers, impact crushers and jaw crushers), by capacity (1000 TPH, 1000 TPH to 1,500 TPH, 1,500 TPH to 2000 TPH and above 2000 TPH), by application (mining, aggregate, demolition, industrial and construction) and by country, - Forecast Till 2032
The Asia Pacific Crusher Market was estimated at USD 1789.23 million in 2023. The Asia Pacific Crusher industry is expected to increase from USD 1907.32 million in 2024 to USD 3690.31 million in 2032, with a compound yearly growth rate (CAGR) of 8.6% over the forecast period (2024-2032). The increasing number of infrastructural development projects, including as railway ballast, dams, airports, expressways, and national highways, as well as construction in developing and developed countries, are driving market growth. There is an increase in demand for metals and commodities, which drives the demand for crushers in the mining industry. Automation in the mining and construction industries has also encouraged market expansion since the use of crushers reduces transportation costs and consequently increases production. Rising urbanization boosts the construction and infrastructure development industries, which benefits the crusher market.
The increasing demand for crushers in various industries like as demolition, infrastructure, and construction projects is expected to accelerate market expansion over the forecast period. Crushers are an important aspect of the demolition process because they help to break down huge chunks of debris into smaller bits that are easier to handle and transport. They can also be used to recycle demolition materials, which is a more sustainable method of disposing of demolition trash. There are several types of crushers used in the demolition process.
Market Segment insights
The crushers market is classified into four product types: cone crushers, gyratory crushers, impact crushers, and jaw crushers.
Based on capacity, the market is divided into four segments: up to 1000 TPH, 1000 TPH to 1,500 TPH, 1,500 TPH to 2000 TPH, and more than 2000 TPH.
The crushers market is divided into five segments based on application: mining, aggregate, demolition, industrial, and construction.
Regional Insights
The analysis covers market insights for China, India, Japan, South Korea, Indonesia, Thailand, the Philippines, Australia, and the rest of Asia-Pacific. The China Crusher market had the greatest market share of 31.2% in 2022 and is predicted to grow at a considerable CAGR of 4.4% over the forecast period. China dominates the market, and its growth is being driven by a number of factors, including increased demand for construction materials, the expansion of the mining industry, and the government's emphasis on infrastructure development. The Chinese crusher market is dominated by a few major manufacturers. The enterprises have a large presence in the home market and export their products to other nations. Metso's Shaorui division recently introduced new mobile aggregates equipment designed specifically for the Chinese market. It is the mobile crushing manufacturer's first range of mobile crushing and screening equipment, designed exclusively for the price and quality-conscious mid-market segment.
Terex Corporation, Metso Corporation, Komatsu, Sandvik AB, ThyssenKrupp, Astec Industries, Wirtgen Group, FLSmidth & Co. A/S, The Weir Group, McLanahan, Westpro Machinery, and Nakayama Iron Works, Ltd. are among the major players in the Asia Pacific crusher industry.