Cone Crushers Market

Global Cone Crushers Market Size (2024 to 2029)

The global cone crushers market size is expected to grow at a CAGR of 5.6% during the forecast period 2024 to 2029 to reach USD 2.47 billion by 2029 from USD 1.88 billion in 2024.

A cone crusher is a type of crushing equipment which are capable of crushing medium to hard mineral rocks and stones. They are mainly used in mining and aggregates industries. A cone crusher works by squeezing materials between an eccentrically gyrating mantle and a concave; it breaks them into smaller pieces. As they are suitable for various hard and medium materials, they efficiently produce high-quality end products. They are essential for processing mineral rocks and stones into smaller and uniform sizes. Cone crushers offer numerous benefits like low energy consumption, high efficiency compared to other crushers, great reliability, etc. As they are simple to operate, they are widely used in various industries.

MARKET DRIVERS

As the population of the world is increasing rapidly, there are increasing requirements for more and more buildings, roads, and other infrastructure.

This leads to a boost in construction processes leading to increased demand for construction materials like crushed stones, sand, etc. Cone crushers help to meet these requirements, as these machines crush rocks into small pieces and create essential end products that are used as construction materials. Hence, with the increasing demand for construction materials, the demand for cone crushers market is rising.

Another major driver of the Cone Crushers Market demand is the growing infrastructure development globally. With the rise of developed and developing regions, investments in infrastructure are increasing exceptionally. Due to the growing industrialization and urbanization, country or cities wants to improve the facilities for people and businesses, upgrading things like roads, highways, airports, buildings, hospitals, and other crucial structures. To construct these structures, there is an increased demand for construction materials like rocks, stones, and sand. As these materials are large in their natural origins, they need to undergo crushing, and cone crushers play a crucial role in this process by breaking them down into smaller pieces.

Also, the rising demand for cone crushers in the mining industry is driving the market demand.

As the mining industry is expanding rapidly, more and more minerals like gold, copper, silver, iron ore, and many other valuable resources are being extracted from the mines. These raw minerals are in very large forms; hence there is a need to break them down into smaller pieces. Here, cone crushers play a crucial role by crushing these large forms of minerals into smaller particles and making it easier to separate valuable minerals from the rest of the impurities.

The technological innovations in cone crusher technology are offering significant opportunities for market growth as there is a lot of research and development going on to develop new and innovative changes in this cone crusher equipment. With advanced technologies, cone crushers can crush rock, minerals, etc., more effectively and efficiently. This increased efficiency can save time and money, which is a prime benefit for various industries. Also, technological innovations can enhance safety features and make cone crushers safer to use with reduced risks for operators and workers. Hence, by adopting technological advancements, cone crusher manufacturers can attract a larger customer base and offer various new features that can help users to get better output. This attribute influences the shares of the market.

Another growth opportunity for the Cone Crushers Market growth is presented by government initiatives to improve infrastructure globally. As the government is taking initiatives in making things like roads, bridges, railways, airports, hospitals, etc., it creates a high demand for cone crushers to produce construction materials by crushing materials like stones and sand. Therefore, government initiatives to improve infrastructure worldwide open up growth opportunities for the market as it benefits manufacturers and suppliers of cone crushers.

MARKET RESTRAINTS

One of the major restraints of the Cone Crushers Market growth is the high initial investment. As these machines involve high costs while purchasing, many of the contractors prefer to use rental cone crushers in the construction processes instead of buying them. This can help them to save on costs. Hence, buying and installing cone crushers can be challenging for small or new businesses with restricted money which retraining the market demand. Also, the maintenance adds costs to the initial cost, as regular maintenance and repair of these cone crushers make it more expensive to adopt them.

Another major restraint of the market demand is growing environmental concerns. Because cone crushers are widely used in the mining and construction industries. As a result, they can emit noise, carbon, and pollution. The cone crushers can be noisy as they create loud sounds, and this can disturb surrounding communities and lives. Noise pollution can be harmful to everyone. Also, cone crushers require energy to operate, and burning fuels like diesel or coal releases carbon which highly pollutes the air and contributes to climate change. Additionally, these crushing processes generate a lot of dust and particles, which causes air and water pollution, ultimately impacting the environment.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Cone Crushers Market Analysis By Type

The Symons segment is anticipated to dominate the market during the projected period. Symons cone crushers are widely used in the mining, construction, and aggregate industries as they play a crucial role in crushing large stones and rocks into smaller fragments. This attribute is influencing the demand for this segment in the market. 

However, the gyratory segment is expected to witness the fastest growth during the forecasted period. They are mainly used in mining and heavy-duty crushing applications; hence with the expansion of the mining and construction industries, the demand for this segment is also boosting.

Global Cone Crushers Market Analysis By Offering

By offering, the mobile crusher is dominating the market growth in the anticipated period. As they are designed to be easily transported from one place to another, they offer flexibility and convenience for various industries operations like construction and mining are primary ones as these sectors require constant relocation of the cone crushers. This attribute is significantly influencing the demand for this segment. At the same time, the portable crusher segment is deemed to grow significantly during the forecasted period. They are typically larger and have more stationery compared to mobile crushers, but they are commonly used in conditions where relocation is not very frequent.

Global Cone Crushers Market Analysis By Application

By applications, the construction segment is ruling the market share during the projected period. Because the cone crushers play a significant role in producing construction materials such as crushed stone and rocks, sand, and concrete aggregates by crushing large and medium-sized raw materials into smaller fragments, due to this, they are widely used in the construction of buildings, roads, highways, bridges, and various infrastructures. This is influencing the shares of the Cone Crushers Market. However, the mining and metallurgy segment is expected to grow at the fastest CAGR in the upcoming years. Because cone crushers are widely used in this industry to crush hard materials such as ores of iron, copper, silver, gold, granite, and other various minerals. As cone crushers play a crucial role in mineral extracting from ores and preparing them for further processing and refining, it is boosting the market share.

REGIONAL ANALYSIS

Asia Pacific is dominating the Cone Crushers Market during the anticipated period and witnessed to gain maximum market share. Owing to the rapid growth of the construction and mining industries in this region. This leads to an increase in the demand for cone crushers to obtain fine particles for further uses. Also, the increasing investments in the fractures in main countries like Japan, India, and China are further boosting the Cone Crushers Market demand. At the same time, the North American region is expected to grow at a healthy CAGR during the forecasted period. Owing to the increased demand for factors such as construction materials and infrastructure development in this region. This induces a high demand for cone crushers to produce smaller fragments from large materials. This is contributing to an expansion in the market size.

KEY MARKET PLAYERS

Major Key Players in the Global Cone Crushers Market are Terex Corporation, Metso Corporation, McCloskey Equipment, ThyssenKrupp AG, Sandvik AB, Keestrack NV, Westpro Machinery Inc., Puzzolana Machinery Fabricators LLP, Astec Industries Inc., Sandvik AB, and others.

RECENT HAPPENINGS IN THE MARKET

• In June 2022, at Hillhead 2022, McCloskey introduced the new C2C Compact Cone Crusher. The new C2C is expected to provide operators with a highly maneuverable, extremely portable cone crusher packed with features to maximize production by bringing the power of the MC200 cone to a compact footprint.

DETAILED SEGMENTATION OF THE GLOBAL CONE CRUSHERS MARKET INCLUDED IN THIS REPORT

This research report on the global cone crushers market has been segmented and sub-segmented based on type, offering, application, and region.

By Type

• Symons
• Hydraulics
• Gyratory

By Offering

• Mobile Crusher
• Portable Crusher
• Stationary Crusher

By Application

• Mining and Metallurgy
• Aggregate Processing
• Construction
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America 
• Middle East and Africa