PUBLISHER: The Business Research Company | PRODUCT CODE: 1414294
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414294
“Hydraulic Breaker Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hydraulic breaker market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hydraulic breaker? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The hydraulic breaker market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A hydraulic breaker is a hydraulic mechanical construction equipment tool used for breaking and demolishing hard materials such as concrete, rocks, and asphalt. It operates by utilizing the hydraulic system of an excavator to shatter or crush hard surfaces.
The primary hydraulic breaker types include handheld hydraulic breakers and machine-mounted hydraulic breakers. A handheld hydraulic breaker is a portable tool designed to be operated by hand for breaking up concrete, rock, and other hard materials. Product variations encompass mini hydraulic breakers, small hydraulic breakers, and medium hydraulic breakers, which find applications in breaking oversized materials, trenching, and demolition. These hydraulic breakers are commonly used in the construction and mining industries.
The hydraulic breaker market research report is one of a series of new reports from The Business Research Company that provides hydraulic breaker market statistics, including hydraulic breaker industry global market size, regional shares, competitors with a hydraulic breaker market share, detailed hydraulic breaker market segments, market trends and opportunities, and any further data you may need to thrive in the hydraulic breaker industry. This hydraulic breaker market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hydraulic breaker market size has grown strongly in recent years. It will grow from $1.87 billion in 2023 to $2 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The expansion observed during the historical period can be attributed to the initial development of hydraulic breakers, their adoption in various industrial applications, advancements in materials used for their construction, increasing market acceptance, and the diversification of sizes and types available in the market.
The hydraulic breaker market size is expected to see strong growth in the next few years. It will grow to $2.53 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The anticipated growth in the forecast period can be attributed to the expansion of the market and its applications, product diversification, compliance with environmental regulations and standards, industry trends, the competitive landscape, and global economic conditions. Major trends expected in the forecast period include increased efficiency, enhanced durability and longevity of hydraulic breakers, versatility in applications, customization and adaptability to specific needs, and a focus on noise and vibration reduction.
The anticipated rise in construction activities is set to drive the growth of the hydraulic breaker market in the future. Construction activities encompass various processes involved in planning, designing, building, and maintaining physical structures, such as buildings, roads, bridges, and tunnels. The growth and expansion in these sectors lead to an increased demand for hydraulic breakers, which are crucial in construction projects for breaking materials such as concrete and rock. Notably, between 2020 and 2030, the global construction market is projected to surge by US$4.5 trillion, reaching US$15.2 trillion, with emerging markets contributing US$8.9 trillion, as reported by Marsh, an insurance broking and risk management firm. Additionally, ToolSense, an Austria-based software company, reported a 4% increase in the number of housing units built in 2021, totaling 1,337,800. Hence, the upswing in construction activities is a key driver of the hydraulic breaker market's growth.
The hydraulic breaker market is expected to experience growth due to the expansion in mining and quarrying activities. Mining and quarrying involve extracting valuable minerals and metals from the earth's crust, and hydraulic breakers play a vital role in efficiently breaking rocks and extracting materials. This method enhances productivity, reduces environmental impact, and contributes to the overall success of mining and quarrying operations. In 2022, US mines generated approximately $98.2 billion in non-fuel mining commodities, exceeding the projected total of $94.6 billion in 2021, according to the United States Geological Survey. The expansion in mining and quarrying activities is, therefore, a significant driver behind the growth of the hydraulic breaker market.
A key trend in the hydraulic breaker market is the adoption of product innovations by companies striving to maintain their market positions. For instance, Mazio Attachments LLC, a US-based company specializing in earth-moving machinery attachments, introduced the Mazio XL series of hydraulic rock breakers in August 2022. Noteworthy features of this series include a closed-case design made of 100% Hardox steel, providing exceptional durability and protection against wear and impact. This innovation caters to a broader range of carrier equipment, including mini excavators, skid steer loaders, backhoe loaders, and excavators with up to 140 tons of operating weight.
Major companies in the hydraulic breaker market are focusing on developing technological advancements to increase profitability. Normet, a Finland-based innovative technology company, launched the Normet Xrock line of hydraulic breakers, pedestal breaker booms, and boom automation systems in October 2023. These breakers are designed for demanding applications in demolition, quarrying, and infrastructure projects, offering a powerful combination of performance, efficiency, and reliability. Normet's Xrock breakers prioritize efficiency and sustainability, making them suitable for a range of projects in the construction and mining sectors.
In August 2021, Epiroc AB, a leading equipment manufacturer for mining, infrastructure, and natural resources industries based in Sweden, acquired DandA Heavy Industries. This strategic acquisition grants Epiroc access to DandA Heavy Industries' hydraulic breaker technology, expertise, manufacturing facilities, and distribution channels. It positions Epiroc to offer a comprehensive range of products and services, enhancing its presence in the demolition and construction markets. DandA Heavy Industries, based in South Korea, is a manufacturer of hydraulic breakers.
Major companies operating in the hydraulic breaker market report are NPK Construction Equipment Inc., Soosan Heavy Industries Co. Ltd., Indeco SpA, Sandvik AB, Montabert S.A.S., Caterpillar Inc., Furukawa Rock Drill Co. Ltd., Epiroc AB, Atlas Copco AB, Nuosen Heavy Machinery Co. Ltd., Konekesko Eesti AS, Rammer Oy, JCB Ltd., Msat Msb Corporation, DAEMO Engineering Co. Ltd., Breaker Technology Inc., Doosan Bobcat Inc., Allied Construction Products LLC, Stanley Black & Decker Inc., Tramac Corporation, Hidrocmecc S.r.l., Chicago Pneumatic Tool Company, Kinshofer Group, Okada Aiyon Corporation, Toku America Inc., Indus Rock Tools Ltd., Rockblaster Hydraulic Breakers, Mustang Hammer, Teledyne ICM, Brokk AB
Asia-Pacific was the largest region in the hydraulic breaker market in 2023. The regions covered in the hydraulic breaker market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the hydraulic breaker market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The hydraulic breaker market consists of sales of hand-held breakers, compact breakers, heavy-duty breakers, spare parts, and components. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.