Deerfield Beach, FL -- (SBWIRE) -- 04/21/2017 -- According to the report, the Asia Pacific crushing equipments market was valued at USD 1,500.0 million in 2014 and is expected to reach approximately USD 1,892.5 million by 2020, growing at a CAGR of 4% between 2015 and 2020. The analysis provides significant information of key players including in crusher equipment market such as Atlas Capco, Eagle Crusher, Hitachi Construction Machinery Co., Ltd., Mesto Corporation, Terex Finaly, Sandvik, Zhejiang Shuangjin Machinery Co., Ltd., etc.
Zion Market Research has published a new report titled "Crushing Equipment (Jaw Crusher, Roller Crusher, Cone Crusher and Others) Market for Construction, Mining and Aggregates Application: Asia Pacific Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020".
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Crushers are one of the major size reduction equipment that reduce large solid chunks of raw material into smaller and change the form, of waste materials so they can be more easily disposed of or recycled. A crusher can be considered as primary, secondary and tertiary crusher depending on the size reduction factor. Secondary and tertiary crusher is capable of producing large quantities of uniformly fine crushed stone. The earliest crushers were hand-held stones, where the weight of the stone provided a boost to muscle power, used against a stone anvil.
The crushing equipment market is segmented on the basis of different products such as jaw crusher, cone crusher, roller crusher and others. Jaw crusher emerged as a leading crushing equipment product segment constituted 40.4% market revenue share in 2014. Jaw crusher is compressive crushers are suitable for most any type of material. Roller crusher is second largest product segment accounted for over 27.2% of the market share in 2014. Cone crusher is another key product segment expected to exhibit moderate growth over the forecast period.
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Based on application, crushing equipment market has been segmented into construction, mining and aggregates. Mining application was a major application segment of crushing equipment market and accounted over 28% share of the demand in 2014. Construction is another key outlook of crushing equipment market and expected to exhibit significant growth on account of strong economical growth in Asia Pacific region has been resulted into growing demand for home and commercial building.
Asia Pacific crushing equipment market is identified as the most lucrative market on account of increasing construction and infrastructure projects. China dominated the Asia Pacific market accounted for over 40.0% in terms of revenue share in 2014. However, Japan is expected to be the fastest growing market for crushing equipment, growing at an estimated CAGR of 3.8% from 2014 to 2020. Moreover, government support to build infrastructure in major countries such as China, India, Japan, Malaysia, Indonesia, South Korea, etc. has been resulted into strong growth of building and construction industry in the region.
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