The global rockbreakers market reached a substantial valuation of USD 28,118.8 million in 2023 and is poised to witness remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 6.1%, aiming to achieve a market worth of USD 50,833.6 million by 2033.
In 2022, rockbreakers accounted for a significant share, ranging between 22% to 25%, within the expansive global mining equipment market landscape.
Recent research conducted by Future Market Insights unveils that the global market revenue amounted to USD 26,691.3 million in 2022. The surge in population growth and rapid urbanization trends sets the stage for substantial opportunities in ongoing and forthcoming industrial and commercial construction endeavors. Rockbreakers have consistently played a pivotal role in both the mining and construction sectors, and their demand trajectory continues to soar, fueled notably by the escalating coal production activities in various developing nations.
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Drivers
The surge in housing and infrastructure initiatives, alongside the expansion of public transportation networks like railways and roadways, is anticipated to catalyze substantial investments in tunneling and road development ventures across nations such as India, South Africa, Brazil, and Mexico. Meanwhile, the construction sector in the United States is poised for consistent growth, buoyed by economic resurgence, consequently propelling the demand for rockbreakers within these regions.
Mining and exploration enterprises are directing their investments towards the extraction of minerals from subterranean mines, leveraging advanced technologies to access mineral-rich reservoirs at deeper depths. The proliferation of mature mining sites, combined with increasingly stringent regulatory frameworks, is anticipated to spur heightened underground mining endeavors in pivotal growth regions.
Key Companies
- Orica
- Hanwha Corporation
- Enaex S.A.
- Dyno Nobel
- BME Mining
- Sandvik
- NOF Corporation
- Sichuan Yahua Industrial Group Limited
- ASTEC Industries
- Yantai Eddie Precision Machinery Co., Ltd
- Furukawa
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Segmentation of Rockbreakers Industry Research
By Product Type:
- Hydraulic Rock Hammers
- Hydraulic Rock Splitters
- Hand Held Breakers
- Expanding Grouts and Mortars
- Explosives
- Pyrotechnic Products
By End Use:
- Construction
- Residential Construction & Excavation
- Commercial Construction & Excavation
- Industrial Construction & Excavation
- Infrastructure Construction & Excavation
- Mining
By Region:
- North America
- Latin America
- East Asia
- South Asia and Pacific
- Europe
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.
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