DUBLIN--(BUSINESS WIRE )--The "Stone Crushing Equipment Market" report has been added to ResearchAndMarkets.com's offering.
The global stone crushing equipment market is anticipated to register a CAGR of about 8% during the forecast period (2020 - 2025).
Jaw Crusher is projected to witness the highest growth in the Market
There is an increase in demand for fewer emissions in stone crushing equipment mainly the jaw crusher. The jaw crusher primarily employed in the cement industry, but its application is also in the non-metallic and mineral crushing fields in other industries With respect to other crusher equipment jaw crusher performance is comparatively more stable. It can perform well even in high pressure, and there is no requirement to add and subtract different process gaskets.
Also, jaw crusher is getting new updates such as hybrid drives such as Keestrackelectric drives solutions with transport weights up to 60 tons. Various market participants are launching their enhanced and more advanced versions of the jaw crusher.
Asia Pacific is Expected to grow at the fastest rate in the Market
One of the key factors of the growth of the Asia-Pacific stone crushing equipment market is due to the increased manufacturing units and rising industrialization in countries, such as China, India, and Japan, are boosting the growth of the stone crushing equipment market.
India which is one of the fastest-growing construction markets in this region is expected to spend around USD 13 trillion in the construction industry by 2030. The country's rapidly expanding population is generating significant demand for housing projects, and also there is an increase in the mining and construction industry. The focus on improving infrastructure to boost the economic position is also adding to the market opportunity in the region.
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.2 Bargaining Power of Buyers/Consumers
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T. Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900