What Has Been the Growth Trajectory of the Hydraulic Breaker Market?
The hydraulic breaker market has seen considerable growth due to a variety of factors.
•In recent times, substantial growth has been observed in the market size of hydraulic breakers. It is projected to expand from $1.99 billion in 2024 to $2.11 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.2%.
Factors such as initial advancements, industrial usage, improvements in materials, market acceptance, and diversification of dimensions and types have contributed to this growth in the preceding years.
What Does the Future Hold for the Hydraulic Breaker Market?
The hydraulic breaker market is expected to maintain its strong growth trajectory in upcoming years.
• The market for hydraulic breakers is projected to experience significant expansion in the upcoming years, potentially reaching a value of $2.71 billion by 2029 at a compound annual growth rate (CAGR) of 6.5%.
This growth during the projected period can be tied to factors such as the expansion of market applications, diversification of products, environmental legislation and standards, industry trends, and the overall global economy. Key trends projected for the forecast period encompass improved efficiency, heightened durability and lifespan, versatility in their use, customization and adaptability, as well as reductions in noise and vibration.
What Are The Leading Drivers Of Growth In The Hydraulic Breaker Market?
The hydraulic breaker market is projected to grow, stimulated by an upturn in construction activities. Such activities encompass all tasks involved in the strategizing, designing, constructing, and upkeep of physical structures, such as buildings, roads, bridges, tunnels, and various types of infrastructure. A surge in these undertakings implies expansion and advancement in these sectors. Hydraulic breakers, frequently employed in construction projects for breaking concrete, rock, and other materials, are likely to see a rise in demand as a result of boosted construction activity. For example, the Office for National Statistics, an independent UK-based producer of official metrics, reported in August 2024 that overall new construction orders increased by 16.5% or £1,771 million ($2,224 million) in the second quarter of 2024, in comparison to the first quarter of that year. The surge over this quarter was largely fuelled by private commercial new work and infrastructure new projects, which rose by 15.1% (£503 million or $637 million) and 23.4% (£389 million or $490 million), respectively. Consequently, the escalation in construction ventures is spurring the advancement of the hydraulic breaker market.
How Are The Segments Defined Within The Global Hydraulic Breaker Market?
The hydraulic breaker market covered in this report is segmented –
1) By Type: Handheld Hydraulic Breaker, Machine Mounted Hydraulic Breaker
2) By Product Type: Mini Hydraulic Breaker, Small Hydraulic Breaker, Medium Hydraulic Breaker
3) By Application: Breaking Oversized Material, Trenching, Demolition
4) By End User: Construction, Mining
Subsegments:
1) By Handheld Hydraulic Breaker: Pneumatic Breakers, Electric Breakers
2) By Machine Mounted Hydraulic Breaker: Excavator-Mounted Breakers, Skid Steer Loader-Mounted Breakers, Backhoe Loader-Mounted Breakers
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How Are New Trends Expected To Influence The Growth Of The Hydraulic Breaker Market?
There is a rising trend of product innovations in the hydraulic breaker market. To remain competitive, companies in this market are integrating new technologies into their operations. Take for example Mazio Attachments LLC, a company based in the US that specializes in earth-moving machinery attachments. In August 2022, they unveiled the Mazio XL series, a new range of hydraulic rock breakers. These breakers are adaptable across different carrier equipment such as mini excavators, skid steer loaders, backhoe loaders, and excavators of up to 140 tons of operating weight. The Mazio XL series, built using 100% Hardox steel with a closed-case design, offers remarkable durability and is highly resistant to wear and tear, and impact.
Who Are the Key Players in the Hydraulic Breaker Market?
Major companies operating in the hydraulic breaker market include:
• NPK Construction Equipment Inc.
• Soosan Heavy Industries Co. Ltd.
• Indeco SpA
• Sandvik AB
• Montabert S.A.S.
• Caterpillar Inc.
• Furukawa Rock Drill Co. Ltd.
• Epiroc AB
• Atlas Copco AB
• Nuosen Heavy Machinery Co. Ltd.
• Konekesko Eesti AS
• Rammer Oy
• JCB Ltd.
• Msat Msb Corporation
• DAEMO Engineering Co. Ltd.
• Breaker Technology Inc.
• Doosan Bobcat Inc.
• Allied Construction Products LLC
• Stanley Black & Decker Inc.
• Tramac Corporation
• Hidrocmecc S.r.l.
• Chicago Pneumatic Tool Company
• Kinshofer Group
• Okada Aiyon Corporation
• Toku America Inc.
• Indus Rock Tools Ltd.
• Rockblaster Hydraulic Breakers
• Mustang Hammer
• Teledyne ICM
• Brokk AB
What Is The Most Dominant Region In The Hydraulic Breaker Market?
Asia-Pacific was the largest region in the hydraulic breaker market in 2024. The regions covered in the hydraulic breaker market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
