Global Rock Breaker Market is expected to grow at a robust CAGR
Global Rock Breaker
Market is expected to grow owing to growing construction and mining sectors throughout
the forecast period.
According to TechSci
Research report, “Rock
Breaker Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast 2018-2028”, the Global Rock Breaker Market is
expected to register robust growth during the forecast period. Expanding distributor & dealership
network, intensifying demand for customized equipment, and increasing sales of
excavators and backhoe loaders would positively influence the rock breaker
market, globally, during the forecast period.
Urbanization is a global
phenomenon, with a substantial portion of the world's population gravitating
towards cities. This trend creates a demand for housing, commercial buildings,
and urban infrastructure, necessitating excavation, demolition, and site preparation,
thereby driving the requirement for rock breakers. Governments worldwide are
investing in infrastructure projects such as roads, bridges, tunnels, airports,
and public transportation systems. Rock breakers play a pivotal role in the
construction and maintenance of these projects, presenting lucrative
opportunities for equipment manufacturers and service providers.
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Based on type, the Medium segment is expected to
dominate the market during the forecast period. Medium rock breakers typically
possess power ranges between 500 to 2,000 foot-pounds (ft-lbs) or 680 to 2,712
joules, making them versatile and suitable for a wide array of applications.
These rock breakers find extensive use in mining operations, including
quarrying, secondary breaking, and tunneling, thus driving demand in this
segment. The steady demand for medium rock breakers is propelled by government
investments in infrastructure projects such as highways, bridges, and tunnels.
Additionally, the rental market for medium rock breakers is witnessing growth
as businesses increasingly favor equipment rental over purchase. Manufacturers
can capitalize on this trend by offering rental-friendly models. Furthermore,
expanding into emerging markets with thriving construction and mining
industries presents a lucrative opportunity for medium rock breaker
manufacturers. In the global market, the medium rock breaker segment plays a
crucial role in the construction and mining sectors. To thrive in this dynamic
market, manufacturers must prioritize innovation, cater to regional demand
variations, and navigate competitive pressures. With the continuous expansion
of construction and infrastructure development worldwide, the medium rock
breaker segment is anticipated to experience steady growth in the years to
come.
Based on application, Construction
segment is projected to dominate the market throughout the forecast period. Rock
breakers are indispensable tools in construction, serving various purposes such
as concrete breaking, trench excavation, structure demolition, and site
preparation. Government investments in infrastructure projects, including
highways, airports, and public transportation systems, generate significant
demand for rock breakers in the construction sector. Equipment rentals have
become increasingly preferred in the construction industry over outright
purchases. Manufacturers have the opportunity to establish partnerships with
rental companies or develop rock breakers specifically designed for rental
purposes. Exploring emerging construction markets in different regions can
unlock new prospects for rock breaker manufacturers. The construction segment
plays a vital role in the overall success of construction projects worldwide,
and manufacturers should closely monitor regional demand fluctuations, invest
in innovation, and explore untapped markets to harness the growth potential
offered by the construction industry. Given the construction sector's pivotal
role in economic development and ongoing urbanization, steady growth is
expected in the rock breaker market.
Key market players in
the Global Rock Breaker Market are:-
- Sandvik
AB
- Atlas
Copco AB
- Montabert
S.A.
- Yantai
Eddie Precision Machinery Co., Ltd.
- Breaker
Technology Inc.
- Rock-Tech
- Furukawa
Rock Drill Co., Ltd.
- Doosan
Infracore Co., Ltd
- Tramac
Corporation
- Delta
Engineering Pty Ltd
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“The Rock Breaker Market in Asia
Pacific is poised to be the dominant force in the industry. The growing mining
industry in the region, especially in countries such as Australia, Indonesia,
and Mongolia, demands the use of rock breakers to optimize material extraction
and processing. The Asia Pacific region is abundant in mineral resources, driving
extensive mining operations. Rock breakers play a vital role in quarrying,
mining, and mineral processing activities within the region.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Rock Breaker Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Product Type
(Small, Medium and Heavy), By Application (Construction and Mining), By
Operating Weight (Upto 500 Kg, 501-1200 Kg and Above 1200 Kg), By Region, By
Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth
potential of Global Rock Breaker Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Rock Breaker Market.
Contact
Mr. Ken Mathews
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Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com