November 16, 2021 08:03 ET | Source: Joint Market Research Joint Market Research
Portland, Oregon, November 16, 2021 (GLOBE NEWSWIRE) - According to a report released by Allied Market Research, the global cone crusher market created US$1.72 billion in 2020 and is expected to reach US$2.97 billion by 2030 , The compound annual growth rate is 5.5% from 2021 to 2030. The report provides an in-depth analysis of the market size, emerging and current trends, future estimates, and major players.
Increased government spending on infrastructure development, the need for shorter construction times and cost-effective projects, and advances in manufacturing technology have promoted the global cone crusher market. On the other hand, the high initial investment and the use of alternative building materials hindered the progress of the market. On the contrary, the rise of urbanization and industrialization in developing countries has created lucrative opportunities for future market participants. Download the sample PDF (169 pages, more in-depth): https://www.alliedmarketresearch.com/request-sample/4025
The report segmented the global cone crusher market based on end user industry, sales type, liquidity and region. Get a detailed COVID-19 impact analysis of the cone crusher market request here
Based on mobility, the portable wheeled segment will occupy the largest market share in 2020, accounting for more than half of the total share, and is expected to maintain its leading position throughout the forecast period. On the other hand, it is estimated that from 2021 to 2030, the compound annual growth rate of portable crawler loaders is the fastest, 5.9%.
According to sales types, the new equipment sales department has the highest market share in 2020, accounting for three-quarters of the total market share, and is expected to dominate the market during the forecast period. On the other hand, the aftermarket is expected to show the fastest CAGR of 6.0% between 2021 and 2030.
From a regional perspective, the Asia-Pacific region, followed by North America and Europe, has the highest share in 2020, accounting for more than half of the global cone crusher market, and is expected to maintain its dominant position throughout the forecast period. On the other hand, LAMEA is expected to achieve the fastest compound annual growth rate of 6.1% during the forecast period. Arrange free consultation calls with our analysts/industry experts to find solutions for your business @ https://www.alliedmarketresearch.com/connect-to-analyst/4025 Leading companies:
The major players in the global cone crusher market analyzed in the study include CITIC Limited, Chengdu Dahongli Machinery Co., Ltd., Constmach, Meka, FLSmidth, Metso Outotec, Tenova SpA, Sandvik AB, The Weir Group PLC and Te Senkrupp AG.
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Allied Market Research (AMR) is the full-service market research and business consulting division of Allied Analytics LLP, headquartered in Portland, Oregon. Allied Market Research provides unparalleled quality "market research reports" and "business intelligence solutions" for global enterprises and small and medium enterprises. AMR provides targeted business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market sectors.
We have established professional business relationships with many companies, which helps us to mine market data, thereby helping us generate accurate research data tables and confirm the highest accuracy of our market forecasts. Pawan Kumar, CEO of Allied Market Research, has played an important role in motivating and encouraging everyone associated with the company to maintain high-quality data and help customers succeed in every possible way. Every piece of data presented in our published report is extracted through preliminary interviews with senior officials of leading companies in related fields. Our secondary data procurement method includes in-depth online and offline research and discussions with knowledgeable professionals and analysts in the industry.
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