Crushing equipment in the Asia Pacific region
Crushers are pieces of size reduction equipment that reduce large solid chunks of raw material into smaller parts and change the form of waste materials so they can be more easily disposed of or recycled.
The earliest crushers were hand-held stones, where the weight of the stone provided a boost to muscle power, when used against a stone anvil.
Modern crushers can be considered as primary, secondary or tertiary crushers depending on its size reduction factor. Secondary and tertiary crushers are capable of producing large quantities of uniformly fine crushed stone.
The crushing equipment market is segmented on the basis of different products such as:
- jaw crusher.
- cone crusher.
- roller crusher.
- others.
The Asia Pacific crushing equipment market was valued at USD 1,500.0 million in 2014 and is expected to reach approximately USD 1,892.5 million by 2020, growing at a CAGR of 4% between 2015 and 2020.
- Jaw crushers emerged as the leading crushing equipment product segment, constituting 40.4% of the market in 2014. Jaw crushers are compressive crushers, suitable for almost any type of material.
- Roller crushers were the second largest product segment accounting for over 27.2% of the market share in 2014.
- Cone crushers are another key product segment expected to exhibit moderate growth over the forecast period to 2020.
Based on application, crushing equipment market has been segmented into construction, mining and aggregates.
Mining was the major segment, accounting for more than 28% of demand in 2014. Construction is another key segment and is expected to exhibit significant growth due to strong economical growth in the Asia Pacific region.
The Asia Pacific crushing equipment market is identified as the most lucrative market due to an increasing number of construction and infrastructure projects. China dominated the Asia Pacific market, accounting for more than 40.0% in terms of revenue share in 2014. However, Japan is expected to be the fastest growing market, growing at an estimated CAGR of 3.8% from 2014 to 2020. Government support to build infrastructure in countries such as China, India, Japan, Malaysia, Indonesia, South Korea, etc. has resulted into strong growth in the region.
Some of key players including in crusher equipment market such as Atlas Capco, Eagle Crusher, Hitachi Construction Machinery Co., Ltd., Mesto Corporation, Terex Finaly, Sandvik, Zhejiang Shuangjin Machinery Co., Ltd., etc.
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