Global Cone Crusher Market Overview:
A cone crusher is used in a crushing circuit as a secondary crusher. It is called secondary crusher because the previously crushed product is crushed or treated with a cone crusher. The cone crushers work with the transmission belts and are driven by an electric motor or even by a diesel engine. Although the diesel generator is used to power the cone crusher, it is considered an expensive option due to the increase in diesel prices in recent years. Cone crushers provide advantages such as hydraulic clearing, hydraulic adjustment, heavy duty design, high productivity, long life, cost effective and easily available replacement parts. Cone crushers are mainly used in mining, aggregates, demolitions, industrial, construction and environmental applications.
Global Cone Crusher Market Drivers and Restraints:
Cone crushers also provide many operational benefits to industries such as mining, aggregates, construction etc., fueling the global demand for cone crushers. In countries such as India, where the mining industry does not register significant growth, the demand for cone crushers used in the mining industry is seeing the decline in the growth, which is inhibiting the global market growth. In order to save the capital and operational costs associated with the cone crushers, many construction and mining companies are opting for rented cone crushers as per the requirement, which is inhibiting the rapid expansion of the global cone crushers market.
The global market is expected to record a one-digit annual growth rate for the forecast period. Geographically, the global cone crusher market is divided into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and the Middle East and Africa. In terms of market revenue, the Asia-Pacific region and the Middle East and Africa are the most attractive markets for cone crushers. The Middle East, Africa and the Asia-Pacific region are expected to grow at a steady rate during the forecast period. The North America cone crusher market is expected to have a slight increase in the compound annual rate during the forecast period. Slow but stable economic growth, the thriving mining and construction industry, innovative and advanced technologies are some of the factors driving growth in the North American cone crusher market.
Global Cone Crusher Market Key Players:
Key players in the global cone crusher market include WESTPRO, Telsmith, Terex, World Mining Crusher, Metso and Sandvik.
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