Press Release

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.


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