The qualitative research study introduced by Global Market Insights on Stone Crushing Equipment Market Report provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Stone Crushing Equipment market.
North America stone crushing equipment market growth is expected to grow at over 7% CAGR from 2019 to 2025. It can be attributed to the several ongoing & upcoming skyscrapers projects followed by the increasing infrastructure investments in the U.S. and Canada. As per the data revealed by The Associated General Contractors of America, Inc., the construction spending of public & private sectors in the U.S. registered USD 1.329 trillion during 2018. Within the private construction sector, spending for residential projects increased to 6.4 percent and 3.5 percent for non-residential projects.
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The growing construction spending will surge the demand for stone crushing equipment in the region. The presence of established players, such as Terex Corporation and Astec Industries, will provide advantages to the market growth in the region. The growing expenditure on road and highway construction across the North American region will contribute to the stone crushing equipment market growth. The increasing government spending on infrastructure development of Brazil and Mexico is contributing to the growth of the construction sector which will provide lucrative growth opportunities to the players operating in the market.
Growing infrastructure & construction activities across the globe and the resultant utilization of equipment for crushing stones are contributing to the stone crushing equipment market growth. Rise in mining activities in the U.S. and Canada are increasing the utilization of stone crushers due to their ability to crush ores, minerals, and rock efficiently. These machines are majorly located near construction projects where it is required on a larger scale. The utilization of mobile crushers is advantageous to the construction & mining industry due to the low cost of transportation. The leading players are striving toward designing electric mobile jaw crushers that will help in delivering maximum productivity with low cost of transportation.
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The emissions during mining, screening, and crushing operations will pose challenges to the stone crushing equipment market growth over the forecast timeline. During crushing operations, the generation of dust emissions is inherent, and the emissions are the most common at crusher feed and discharge points. Additionally, the dust adversely affects visibility at sites and creates health hazards to workers as well as the surrounding population by causing respiratory diseases. To reduce harmful emissions, crushers shall be covered with galvanized iron sheets and water sprinkler system shall be provided on these machines to suppress the dust generated due to material handling activities.
Prominent players in the stone crushing equipment market are Sandvik AB, Terex Corporation, Komatsu Ltd., Mesto Oyj, Eagle Crusher Company, Inc., Astec Industries, IROCK Crusher, and Thyssenkrupp. Partnerships and strategic joint ventures are among the prominent strategies adopted by the leading players for improving their market share. Additionally, the companies are offering advanced products to deliver high performance and quality while crushing.
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