The market value of the cone crusher is $1,523. It will be 4 million in 2020 and is expected to be worth US$2,051. It will reach 7 million by 2026, and during the forecast period from 2021 to 2026, the compound annual growth rate is 5. 10%.
New York, October 27, 2021 (Global News Agency)-Reportlinker.com announced the release of the report "Cone Crusher Market-Growth, Trends, COVID-19 Impact and Forecast (2021-2026)"-https:// www .reportlinker.com/p06177314/?utm_source=GNW In the past two decades, the crushing and grinding requirements of mining, construction, processing and demolition industries have undergone tremendous changes. Among them, crushers are mainly used for conversion of fixed equipment. When it comes to finer materials, it finally enters the third-stage crushing equipment. Today, the demand for mobile and portable crushers is growing significantly. Main highlights: The industries operating crushing equipment are working to reduce costs, increase production and improve energy efficiency, because crushing equipment is the main reason for the increase in energy consumption in these industries. For example, ammunition consumes the most important part of the energy used in mining operations, accounting for about 30-70%. According to Thermo Fisher, the grinding and crushing of ore is energy-intensive, accounting for about 3-5% of the world's electricity consumption. Therefore, various suppliers in the market are increasingly offering energy-saving and cost-saving solutions. For example, Metso’s new Lokotrack LT4MX mobile cone crusher is said to provide excellent energy efficiency through a direct V-belt drive. The new cone crusher adopts hydraulic compression and clamping device, which enables the industry to crush with higher power and higher power than before. The automatic control of the cone crusher maximizes power consumption and output, so suppliers on the market are focusing on increasing the production capacity of their products. For example, Metso's Nordberg HP900 series cone crushers are equipped with a new lubrication system, improved kinematics, elevated pivot points and increased power, which has increased their production capacity by 15%. The increased size increases the output and output of the mining industry, where production capacity and throughput are critical. The application of cone crushers in construction engineering and paving materials is increasing significantly. As the concept of recycling continues to grow, current crushers can separate asphalt and aggregates and reuse them as new asphalt. The new asphalt station can use up to 70% of recycled materials to make unique asphalt mixtures. Various companies are deploying cone crushers and jaw crushers to increase speed and productivity. For example, Veljekset Paupek in Tornio, Finland, used the Lokotrack LT200HP cone crusher and the Lokotrack LT106 jaw crusher to create a two-stage crushing process. This allowed it to crush an entire batch of 10,000 metric tons in just two weeks. In addition, the recent outbreak of COVID-19 has severely restricted global mining and construction operations, and the industry is facing severe shortages of labor and capital investment. Such developments are expected to affect the global demand for equipment in these industries, as companies are expected to avoid or postpone their purchase decisions during the year. In the next two years, the mining and construction industries are expected to adopt larger-scale automation to reduce their dependence on labor. This development may attract higher investment in cone crushers that can move and provide automated solutions. Overall, demand is expected to increase by mid-2021. Key market trends Mining and metallurgy are expected to occupy a major share. The metals and mining industry has recovered from one of the difficult periods of the past decade. Market volatility and low commodity prices have also created a new trend in which cost reduction, automation and operational efficiency have become critical. The industry slowdown has created potential opportunities for important companies to restructure their products and integrate smart practices to provide customers with optimized and sustainable solutions. Participants in the market are providing cost-saving equipment. For example, the Metso MX cone crusher connects the rotating bowl and piston to a crusher. This patented multi-action technology is mainly to reduce operating costs, extend uptime and more consistent output. These cone crushers are suitable for the secondary, tertiary and fourth-level crushing stages in hard rock and soft rock applications. Compared with traditional cone crushers, the company also claims to save 10% or more OPEX. The mining industry has always encouraged and adopted digitalization and innovation. This trend is expected to help mining operations obtain maximum productivity from their assets through the use of advanced data analysis and the Internet of Things (IoT). Crusher manufacturers around the world are also moving towards the same trend, introducing equipment with built-in computer intelligence that allows miners to predict equipment wear and reduce unplanned downtime. For example, in May 2020, Metso launched the new Nordberg HP900 series cone crusher for the aggregate and mining markets. HP900 is an upgraded version of the famous HP800 cone crusher, with more than 175 installations. The HP900 has improved kinematics, increased pivot points and increased power, resulting in a 15% increase in capacity. However, the recent coronavirus outbreak has had a significant impact on the mining industry, mainly due to the lack of demand from the end-user industry and the unavailability of labor due to the national lockdown, which has led to a decrease in mineral purchases. At the beginning of the year, the capital expenditure of top miners is expected to increase, and there will be double-digit growth. However, the COVID-19 outbreak has brought new challenges and is expected to limit this growth, project work has been postponed, and investment has been shelved. The Asia-Pacific region is expected to witness the highest growth. The rapid growth of China's construction industry is expected. By 2030, the global construction output value is expected to increase by 2.1 trillion US dollars. The national "One Belt One Road" initiative is promoting cooperation and trade with neighboring countries, which has attracted a large amount of investment from the construction sector, which is expected to promote the country's construction equipment. China also plans to develop 30 logistics hubs in 2020 and 150 logistics hubs in the next five years as part of the significant expansion and transformation of its supply chain industry, which is expected to have a positive impact on the market in the region. India is one of the fastest-growing construction markets in the region, and by 2030, its construction industry spending is expected to reach approximately US$13 trillion. Due to the acceleration of urbanization, the country’s growing population has generated huge demand and disposable income for housing projects. Focusing on improving infrastructure to improve economic status also increases market opportunities in the region and creates more growth for the country's cone crusher market because they are highly deployed in the country's construction sector. Currently, Indian Railways is carrying out a large-scale railway network expansion project and is building new high-speed railway tracks across the country. In February 2016, the National High Speed Railway Company Limited (NHSRCL) was established to fund, build, maintain and manage all high-speed railway corridors in India. The first route chosen for implementation is the Mumbai-Ahmedabad route, with Japan providing assistance through its Shinkansen (bullet train) technology. 508 kilometers of high-speed railways are currently under construction; in addition to Mumbai-Ahmedabad, 11 high-speed railways are planned to be built with a total length of 3376 kilometers. As China's demand for high-quality iron ore continues to grow (to reduce pollution and increase efficiency), Australian miners are increasing production capacity. They are investing in replacing old, depleted mines. As Australia is the world's and China's largest iron ore exporter (importing a record 1.17 billion metric tons of iron ore in 2020), this mining trend has promoted positive demand for processing equipment such as cone crushers. In addition, with the introduction of investor-friendly regulations and laws in emerging economies such as Vietnam, Myanmar and Indonesia, these countries are expected to witness the approval of numerous production and exploration projects during the forecast period. Competitive landscape The cone crusher market is home to a variety of established suppliers, who compete fiercely in the market based on product innovation. In addition, a number of suppliers operating in this field occupy a considerable market share. However, few players, such as Metso and Terex, have a significant share of the market. In addition to innovation, various market suppliers have also participated in a number of mergers and acquisitions to gain market share, regional influence and technical capabilities. May 2020-Metso launched the Nordberg HP900 series cone crushers for the aggregate and mining markets. The crusher is designed to improve performance and reduce capital expenditures. The crusher is also equipped with improved kinematics, raised pivot points and increased power, which can result in a 15% increase in capacity. In addition, a new lubrication system is included to support the new level of performance. March 2020-Telsmith Inc., one of Astec Industries' brands, launched Titan T200 cone crusher at CONEXPO/CON-AGG 2020 in Las Vegas. This new T200 cone is designed to provide the longest uptime availability while reducing maintenance costs. Other benefits: Market estimates (ME) in Excel format. 3 months of analyst support. Read the full report: https://www.reportlinker.com/p06177314/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research Solution. Reportlinker finds and organizes the latest industry data so that you can get all the market research you need instantly in one place. __________________________
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