Global Hydraulic Breaker Market Analysis By Segmentations, Top Key Players, Geographical Expansion, Growth & Forecast 2023-2032

 

Global Hydraulic Breaker Market

The global hydraulic breaker market size was valued at around USD 2.3 billion in 2021 and expected to grow at a CAGR of 5.8% during the forecast period.

A hydraulic breaker is a heavy-duty construction equipment that is used for demolishing or breaking down large structures or materials such as rocks, concrete, asphalt, and others. It is powered by hydraulic systems and is commonly attached to excavators, skid-steer loaders, or backhoes to increase their effectiveness in demolition or breaking down tasks. Hydraulic breakers use hydraulic pressure to apply a percussive force to the material, which results in the breaking of the material into smaller pieces. These breakers come in different sizes and shapes, depending on the type of task they are used for. The global hydraulic breaker market comprises various manufacturers who produce hydraulic breakers for different industries, including construction, mining, quarrying, and demolition.

 

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Covid-19 Impact:

The COVID-19 pandemic has had a significant impact on the global hydraulic breaker market. The construction, mining, quarrying, and demolition industries, which are the primary users of hydraulic breakers, were significantly affected by the pandemic. The disruption in the supply chain, decreased demand for construction and mining equipment, and lockdown measures implemented in many countries led to a decline in the demand for hydraulic breakers.

The closure of factories and production facilities during the lockdown period disrupted the manufacturing and distribution of hydraulic breakers, leading to a shortage of supplies. The supply chain disruptions caused by the pandemic resulted in increased prices of raw materials and components required for the production of hydraulic breakers, leading to increased prices of the final products.

However, as the world recovers from the pandemic and the economies reopen, the hydraulic breaker market is expected to recover. The demand for hydraulic breakers is expected to increase as construction and mining activities resume. The increasing demand for infrastructure development, especially in developing countries, is expected to drive the growth of the hydraulic breaker market in the coming years.

Overall, while the pandemic has had a significant impact on the hydraulic breaker market, the market is expected to recover in the post-pandemic period as the world recovers from the pandemic and economic activities resume.

Market Dynamics:

Drivers:

Increasing demand from construction and mining industries: The growing demand for construction and mining activities is driving the growth of the hydraulic breaker market. Hydraulic breakers are widely used in construction and mining activities for demolition and breaking down of structures and materials, which is increasing the demand for this equipment.

Advancements in technology: The hydraulic breaker industry is witnessing advancements in technology, which is driving the growth of the market. Manufacturers are developing advanced hydraulic breakers that are more efficient, durable, and cost-effective. These technological advancements are expected to drive the growth of the hydraulic breaker market in the coming years.

Growing demand for rental equipment: The increasing demand for rental equipment is also driving the growth of the hydraulic breaker market. Many construction and mining companies prefer to rent hydraulic breakers instead of purchasing them, which is increasing the demand for rental hydraulic breakers.

Increasing focus on infrastructure development: The increasing focus on infrastructure development, especially in developing countries, is driving the growth of the hydraulic breaker market. Governments across the world are investing in infrastructure development, which is increasing the demand for hydraulic breakers.

Growing mining activities: The growth of mining activities, especially in emerging economies, is driving the growth of the hydraulic breaker market. The increasing demand for minerals and metals is driving the growth of mining activities, which is increasing the demand for hydraulic breakers.

 

Market Segmentation:

Type: The market can be segmented into light-duty, medium-duty, and heavy-duty hydraulic breakers, based on their weight and capacity.

Operating weight: The market can be segmented into hydraulic breakers with operating weights of less than 500 kg, 500-1200 kg, 1200-2000 kg, and more than 2000 kg.

Mounting type: The market can be segmented into backhoe-mounted, skid-steer loader-mounted, and others, based on the type of mounting.

Sales channel: The market can be segmented into OEM (original equipment manufacturers) and aftermarket, based on the sales channel.

Application: The market can be segmented into construction, mining, demolition, and others, based on the application of hydraulic breakers.

Region: The market can be segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa, based on the region.

 

 Key Player:

Some of the key players operating in the market are:

Atlas Copco AB

Caterpillar Inc.

Doosan Infracore Co. Ltd.

Epiroc AB

Furukawa Rock Drill Co. Ltd.

Hitachi Construction Machinery Co. Ltd.

JCB Service

Komatsu Ltd.

Montabert SAS

NPK Construction Equipment Inc.

These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. For instance, in October 2020, Epiroc AB launched its new hydraulic breaker, HB 7000 DP, which is designed for carriers in the 70-85 tonne range. In February 2021, Caterpillar Inc. announced its acquisition of Weir Oil & Gas, a leading provider of pressure pumping and pressure control equipment and aftermarket services.

Other notable developments in the market include partnerships and collaborations between key players to expand their product portfolio and customer base. For instance, in May 2020, Doosan Infracore Co. Ltd. announced its collaboration with Steelwrist AB to develop and supply hydraulic excavators with Steelwrist’s fully automatic hydraulic quick coupler system.

Overall, the global hydraulic breaker market is highly competitive, with key players focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position.

 

Regional Analysis:

North America: North America is a significant market for hydraulic breakers, primarily driven by the demand from the construction and mining industries. The region has a developed construction industry, which is driving the demand for hydraulic breakers for demolition and excavation activities. The United States and Canada are the major markets in the region.

Europe: Europe is another significant market for hydraulic breakers, primarily driven by the growth of the construction industry in the region. The region has a well-developed infrastructure and construction industry, which is increasing the demand for hydraulic breakers. Germany, France, and the United Kingdom are the major markets in the region.

Asia-Pacific: Asia-Pacific is the fastest-growing market for hydraulic breakers, primarily driven by the growth of the construction and mining industries in the region. The rapid urbanization and industrialization in countries such as China, India, and Japan are driving the demand for hydraulic breakers. China is the largest market in the region, followed by India and Japan.

Middle East and Africa: The Middle East and Africa region are expected to witness significant growth in the hydraulic breaker market due to the increasing demand from the construction and mining industries. The region is witnessing significant investments in infrastructure development and mining activities, which is driving the demand for hydraulic breakers.

Latin America: Latin America is another significant market for hydraulic breakers, primarily driven by the demand from the mining industry. The region has significant reserves of minerals and metals, which is driving the growth of the mining industry and, in turn, the demand for hydraulic breakers. Brazil, Mexico, and Chile are the major markets in the region.

 

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Key Points

• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.

• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.

• Porter’s Five Force Model and SWOT analysis are used to study the global Dextrose Injection market and would help stakeholders make strategic decisions.

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