Hydraulic Breaker Market

Hydraulic Breaker Market Research, 2031

The global hydraulic breaker market size was valued at $2 billion in 2021, and is projected to reach $3.5 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031.Hydraulic breaker is a construction machine that consists of a powerful breaker, which is fitted to an excavator for demolishing hard rocks and structures. It is powered by an auxiliary hydraulic system from the excavator, which is fitted with a foot-operated valve for this purpose. It applies high pressure from its small canister which has pressurized hydraulic oil stored in it. Hydraulic breaker comes in different power capacity which includes, small (up to 10 ton), medium (11-30ton), and large (more than 31 ton). Hydraulic breakers are used in the mining and construction sectors.

The COVID-19 outbreak has affected the growth of the hydraulic breaker industry owing to the lockdown measure in the countries and the delay in the manufacturing and production of hydraulic breaker used in construction mining and other applications.

Increase in infrastructure, residential, and commercial construction has led to surge in demand for hydraulic breaker. Moreover, rise in population and increasing demand for roads, highways, bridges, and tunnels are expected to drive the hydraulic breaker market during the forecast period. In addition, high productivity, high percussive performance, and energy recovery can increase the output per shift and lower energy and fuel consumption are few advantages of hydraulic breaker which are driving the market growth. Hence, various key players are focusing on manufacturing advanced hydraulic breakers for construction and mining applications. For instance, in September 2021, Hammer SRL has launched the Hammer SB 55 also known as utility breaker at the Construction & Quarry Machinery Show - CQMS 21'. The new hammer offers more power, less vibrations and maintenance, long lasting of the nitrogen charge, silenced body, and Monoblock body without tie rods. Moreover, rise in government investments in infrastructure projects and mining sectors are providing lucrative growth in the market.

Increase in population in developing economies such as China, India, and the U. has led to rapid urbanization, which is expected to boost development of the residential sector and increase demand for hydraulic breakers. According to the United Nations (UN), around 68% of the world’s population is expected to live in urban areas by 2050. This is expected to result in the increase of construction activities in residential, infrastructure, and non-residential around the globe. Such factors will drive the growth of the hydraulic breaker market forecast period.

Expansion of mining sector, urbanization, industrialization has been witnessed in countries such as India, China, and Japan. Moreover, increasing government investment in infrastructure development is accelerating the hydraulic breaker market growth in the region. For instance, National Highways Authority of India has announced plans to construct 25,000 kilometers of national highways in 2022-23 at a pace of 50 km per day. Thus, all such factors are expected to drive the hydraulic breaker market growth in Asia-Pacific. However, lack of skilled & qualified operators and decrease in new construction activity are the factors anticipated to hinder the growth of the market.

Furthermore, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. Construction and transportation activities, along with their supply chains, were hampered on a global level. This led to decline in construction and hydraulic breaker market as well as their demand in the market, thereby restraining the growth of the hydraulic breaker industry. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of hydraulic breaker companies at their full-scale capacities, which helped the hydraulic breaker market to recover by the end of 2021.

This is attributed to rising government Investments in mining of minerals, coal, and metal. For instance, in October 2020, Russia government has announced an investment of $1.5 billion in rare earth mining and infrastructure as it boasts around twelve million tons of the materials. Such factors are expected to increase the demand for hydraulic breaker and thus are anticipated offer lots of opportunities for market growth.

The global hydraulic breaker market is segmented into equipment size, type, application, end user industry, and region. On the basis of equipment size, the market is divided into small, medium, and large. Depending on type, it is classified into premium and non-premium. By application, it is segregated into breaking oversized material, trenching, demolition, and others. On the basis of end user industry, it is further classified as construction, mining, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By equipment size, in 2021, the large segment dominated the hydraulic breaker market in terms of revenue and small segment expected to witness growth at the highest CAGR during the forecast period. Based on type, the premium segment led the market in 2021, in terms of revenue, and also anticipated to register the highest CAGR during the forecast period. Based on application, the breaking oversized material segment led the market in 2021, in terms of revenue, and the others segment is anticipated to register the highest CAGR during the forecast period. Based on end user industry, the mining segment led the hydraulic breaker market in 2021, in terms of revenue, and the others segment is anticipated to register the highest CAGR during the forecast period. Region wise, Asia-Pacific contributed for the highest market share in 2021, and LAMEA is anticipated to register the highest CAGR during the forecast period.

 COMPETITION ANALYSIS

The major players profiled in the hydraulic breaker market include CATERPILLAR INC., DAEMO ENGINEERING CO., LTD., EPIROC, FURUKAWA CO., LTD., INDECO, MONTABERT, msat – msb corporation, NPK CONSTRUCTION EQUIPMENT, INC., SANDVIK, and SOOSAN CORPORATION Co., Ltd.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hydraulic breaker market analysis from 2021 to 2031 to identify the prevailing hydraulic breaker market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the hydraulic breaker market segmentation assists to determine the prevailing hydraulic breaker market opportunity.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global hydraulic breaker market trends, key players, market segments, application areas, hydraulic breaker market share and market growth strategies.

 Hydraulic Breaker Market Report Highlights