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.
Market Dynamics
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.
Segment Review
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
| Aspects | Details |
 Market Size By 2031 | USD 3.5 billion |
 Growth Rate | CAGR of 5.7% |
 Forecast period | 2021 - 2031 |
 Report Pages | 222 |
 By Equipment Size |
|
 By Type |
|
 By Application |
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 By End user industry |
|
 By Region |
|
 Key Market Players | DAEMO ENGINEERING CO., LTD., Soosan Heavy Industries Co., Ltd., NPK Construction Equipment, Inc., FURUKAWA CO., LTD., Msat Msb corporation, Epiroc AB, Indeco North America, Montabert, Caterpillar Inc., Sandvik AB |
Analyst Review
The global hydraulic breaker market has witnessed a huge demand in Europe followed by Asia-Pacific & North America. The highest share of the Europe market is attributed to increasing demand for hydraulic breakers in construction applications.
The hydraulic breaker is a piece of construction machinery that is used to deconstruct buildings and reduce the size of rocks. It is an excavator attachment that operates on a hydraulics basis. These tools are frequently used in the mining and construction industries to increase production and reduce labor costs. The development in infrastructure and construction projects in developed countries is one of the key factors influencing the growth of the worldwide hydraulic breaker market.
The need for coal, metal, and minerals is rising, which is propelling the expansion of the hydraulic breaker market. However, the scarcity of skilled & certified workers is projected to impede the market expansion. Moreover, the rise in demand for technologically advanced equipment in the mining sector is expected to provide future growth opportunities in the market.
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.
Major companies in the market have adopted acquisition, partnership and business expansion as their key developmental strategies to offer better products and services to customers in the hydraulic breaker market.
The global hydraulic breaker market was valued at $1,993.9 million in 2021, and is projected to reach $3,509.7 million by 2031, registering a CAGR of 5.7% from 2022 to 2031.
The forecast period considered for the global hydraulic breaker market is 2022 to 2031, wherein, 2021 is the base year, 2022 is the estimated year, and 2031 is the forecast year.
The latest version of global hydraulic breaker market report can be obtained on demand from the website.
The base year considered in the global hydraulic breaker market report is 2021.
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.
The top ten market players are selected based on two key attributes - competitive strength and market positioning.
The report contains an exclusive company profile section, where leading companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
Based equipment size the large segment was the largest revenue generator in 2021.
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