Cone Crushers Market with New Growth Prospect By Top Key Players and forecast

The cone crusher market was valued at USD 1,450.3 million in 2019, and it is expected to reach a value of USD 1,988.8 million by 2025, while registering a CAGR of 5.49% over the forecast period from 2020 to 2025. The crushing and grinding requirement of industries, such as mining, construction, processing, and demolition, changed drastically in the last two decades, where crushers were primarily stationary equipment that used to convert coarse materials to more elegant materials, and eventually, pass them onto the tertiary crushing equipment. Nowadays, the demand for mobile and portable crushers is observing a significant growth.

Click Here to Download Sample Report >>

– Industries that operate crushing equipment are focusing on lowering costs, increasing production, and becoming more energy-efficient, as crushing equipment is the primary reason behind increased energy consumption in these industries. For instance, comminution consumes the most significant part of the energy used in mining operations, of about 30-70%. According to Thermo Fisher, grinding and crushing of ore are energy-intensive and account for about 3-5% of the world’s power usage. Owing to this, various vendors in the market are increasingly offering solutions that are energy efficient and save costs. For example, Metso’s new Lokotrack LT4MX mobile cone crusher is said to provide excellent energy efficiency with the direct v-belt drive.

Key Market Trends

Mining and Metallurgy is Expected to Hold Major Share

– The metal and mining industry has been recovering from one of its difficult periods in the past decade. The market volatility and the downturns in commodity prices have also created a new trend, where cost-cutting, automation, and operational efficiency have become crucial. This slowdown of the industry has created potential opportunities for significant companies to restructure their offerings and integrate smart practices to provide optimized and sustainable solutions to clients.
– Players in the market are offering equipment that save costs. For example, the Metso MX cone crushers coupled a rotating bowl and piston into one crusher. This patented multi-action technology primarily results in lower operating costs, higher uptime, and more consistent output. These cone crushers are suited for secondary, tertiary, and quaternary crushing stages in hard and soft rock applications. The company also claims that it saves 10% or more in OPEX, compared to traditional cone crushers.

Cone Crushers Market
Robotics Market
Electromagnetic Flowmeter Market 
Connected Enterprise Market
Accounts Receivable Automation Market
Robo-advisory Services Market
Australia Switchgear Market 
Disinfectant Robot Market 
Asia Industry 4.0 Market
Asia-Pacific Hazardous Lighting Market 

Share your love
Christophe Rude

Christophe Rude

Articles: 15885

Leave a Reply

Your email address will not be published. Required fields are marked *