As cited by the research report titled ‘Global Rockbreaker Market By Technology(Hydraulic Rock Hammers, Hydraulic Rock Splitters, Hand Held Breakers, Expanding Grouts and Mortars, Explosives, Pyrotechnic Products ), By End-user (Construction (Residential, Commercial, Industrial, Infrastructure construction & Excavation), Mining) and Regional Forecasts 2021-2027’, available with Market Study Report, global rockbreaker market is projected to grow with a CAGR of 5.7% to accumulate significant revenues over 2021-2027.
 

Large-scale road & infrastructure development, coupled with expansion in mining sector are primarily driving the global rockbreaker market growth. Additionally, growing online sales of rockbreakers is augmenting the market outlook. Expanding network of distributor & dealership, growing demand for customized equipment, and increased sales of excavators & backhoe loaders are positively swaying the industry dynamics.
 

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For the record, a rockbreaker is a tool used to break big rocks into smaller pieces. These machines are usually used in mining industry to extract oversize rocks that are too big or too hard to be crushed. Rockbreakers are capable of delivering a higher blow energy with the least amount of dead weight possible.
 

Based on technology, global rockbreaker industry is segmented into hydraulic rock hammers, handheld breakers, hydraulic rock splitters, expanding grouts & mortars, pyrotechnic products, and explosives. Considering end user range, the marketplace is divided into construction, and mining. Among these, the construction segment is further categorized into residential construction & excavation, industrial construction & excavation, commercial construction & excavation, and infrastructure construction & excavation.
 

As cited in the report, the concerns for this market domain are risks related to operation of rockbreakers, explosive storage safety, and difficulty in finding a cost-effective solution.
 

On the regional front, Asia Pacific, Europe, North America, and Latin America are major contributors towards the overall industry valuation.
 

Investment in construction & infrastructure activities in developing countries is anticipated to propel the Asia Pacific market growth over the analysis period. China is expected to present lucrative opportunities over the forecast timeframe as it is a major producer of coal & metals, which along with rapidly expanding construction sector is resulting into increased sales.
 

Prominent players influencing the worldwide rockbreaker industry dynamics are Furukawa Electric Co. Ltd., Yantai Eddie Precision Machinery Co. Ltd., Astec Industries, Sichuan Yahua Industrial Group Co. Ltd., NOF Corporation, Sandvik AB, Dyno Nobel, Enaex S.A., Hanwha Corporation, and Orica Limited.