by Cone crushers are advanced crushing machines useful for crushing various ores and rocks with applications in mining industry. They utilize a cylindrical head with a conical bowl to provide compression to the rock or ore placed in the crushing chamber. Their crushing action and design help achieve uniform particle size reduction with advantages like adjustable discharge setting and overload protection.
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:
Increased mining activities across regions has propelled the demand for cone crushers in recent years. Growing mineral extraction to meet rising steel demand from construction sector has necessitated efficient rock crushing equipment like cone crushers. Their design enables smooth size reduction of harder materials effectively extracted from deeper mines. This has significantly contributed to the sales of cone crushers to augment mining production and output. Moreover, integrated crushing circuits featuring cone crushers helps achieve optimal size reduction with low maintenance in mining sites
SWOT Analysis
Strength: Cone crusher has high reduction ratio and output. It has stable structure, reliable performance and adjustable discharge size.
Weakness: Fixed CSS results in some loss of reduction capacity. Higher operational cost than jaw crusher.
Opportunity: Increasing mining and infrastructure development activities will boost demand. Rising aggregates and construction waste recycling provides opportunities.
Threats: Environmental regulations can limit mining activities impacting demand. Slowdown in economy impacts construction sector affecting demand.
Key Takeaways
The Global Cone Crusher Market Size is expected to witness high growth over the forecast period.
Regional Analysis: Asia Pacific region is currently dominating the market owing to high growth in the construction sector of developing countries such as China and India. The cone crusher market in Asia Pacific is projected to grow at a CAGR of around 9% during the forecast period.
Key players operating in the cone crusher market are 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 and WorleyParsons together hold around 24% of the market share in the global cone crusher market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
