According to the report titled ‘Global Stone Crushing Equipment Market by Product (Cone Crusher, Jaw Crusher, Impact Crusher), End-user (Aggregate, Mining and Metallurgy, Construction), Regional Forecasts 2021-2027’, available with MarketStudyReport, global stone crushing equipment market is expected to grow at a CAGR of 8% during the forecast period 2021-2027.
 

Rising industrialization, and development of infrastructure and highways are factors driving the growth of global stone crushing equipment market.
 

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Furthermore, innovative product launches by major contenders is anticipated to boost the market share during the projected timeline. For instance, Sandvik AB, in September 2019, launched CH540 cone crusher with IE3 motor for stone cutting, having feed size 185 mm and output in range of 240 tph to 350 tph.
 

For the unversed, stone crushing equipment is comprised of metal surfaces which use compression to reduce the dimensions or change the form of the raw material mix. This equipment breaks down the stones into small bits that can be easily separated for the correct end-use.
 

However, high cost of stone crushing equipment may stifle market growth during the analysis period.
 

Based on product, worldwide stone crushing equipment industry is categorized into impact crusher, cone crusher, and jaw crusher. Concerning end-users, the market is bifurcated into construction, aggregate, and mining & metallurgy.
 

From the regional standpoint, the market spans across North America (U.S., Canada), Latin America (Mexico, Brazil), Europe (Germany, Italy, France, U.K., Spain), and Asia Pacific (India, China, South Korea, Japan, Australia). Of these, Asia Pacific market held significant industry share in the recent past and is estimated to expand substantially during the forecast period, due to high investment in construction industry, numerous building projects, especially in China, and a relative surge in construction of highways and bridges.
 

The competitive framework of global stone crushing equipment market is defined by companies like Telsmith Inc., Mormak Equipment Inc., Astec Industries, IROCK Crusher, Thyssenkrupp AG, Eagle Crusher Company Inc., The Weir Group plc, Metso Oyj, Sandvik AB, and Komatsu Ltd. among others.